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Five killed, nine injured in road mishaps KARACHI: Five people were killed and nine others injured in different road mishaps in the metropolis on Saturday.A man, aged about 35, was killed when a speeding vehicle hit him near Edhi Center in Sohrab Goth. The body was shifted to Abbasi Shaheed Hospital (ASH) for an autopsy.In another accident, a man, Noor Rahman, 32, son of Shairwan, was killed when two trucks collided in Post Qasim area.The body was shifted to Jinnah Postgraduate Medical Center (JPMC) for medico-legal formalities.A man, Din Muhammad, 35, son of Faqir Muhammad, died while, another 20-year-old boy and a youth, aged about 24, were injured when a boiler blasted in a factory near Kabadi Market in Shershah. The bodies and injured were shifted to Civil Hospital Karachi.A man, Shafiq, 28, son of Mughal, was electrocuted at his home in Ghous Pak Colony in Korangi. The body was shifted to JPMC for medico-legal formalities.An unknown ...

Pakistan to respond India strongly: Defence Minister SIALKOT: Federal Minister for Defence, Water and Power Khawaja Muhammad Asif has said Pakistan will respond India strongly if it does not stop its hostilities along the Sialkot Woking Boundary.He said this while talking to newsmen at CMH here on Saturday after inquiring about health of those injured by the Indian shelling.He added that now Pakistan would respond effectively against violation of ceasfire by India.The minister said it seemed Modi government had become so confused ...

CM reviews NAP progress KARACHI: Under the National Action Plan (NAP) 18 terrorists have been executed whereas black warrants issued for the execution of four other terrorists have been stayed by courts.This was disclosed in a joint presentation given to the Sindh Chief Minister Syed Qaim Ali Shah by Sindh Chief Secretary, Muhammad Siddique Memon, Home Secretary Mukhtiar Soomro and Sindh Inspector General of Police Ghulam Hyder Jamali here on Saturday, said a press release .They said that under ...

KU announces dates for LL.B Part I &II Annual Exam 2015 KARACHI: University of Karachi on Saturday announced the dates for the annual examinations 2015 of the LL.B. Part I and II. According to the University's Controller Examinations, Prof. Dr. Arshad Azmi, the examinations would be held from September 5 to 22. For male candidates the examination centers would be established at the Department of Physics and General History while for the female students at Department of Islamic History. The timings would be 2:00 pm to ...

FBR seeks two-month transaction record from banks ISLAMABAD: Federal Bureau of Revenue has directed all banks to submit details of two-month transaction record till September 15.It sought transaction record of more than Rs 50,000 from all the banks that had been done in the past two months, a private news channel reported Saturday.Names, identity card numbers, quantity of transactions would also be provided by the banksThe record of those who are not paying withholding tax, will be checked and processed in this ...

Projects to start producing energy by 2017: Shehbaz LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif Friday said the government had diverted all available resources to accomplish energy projects being implemented on war footing to mitigate energy dearth.This he said while having a meeting with senior officials of a Chinese energy company in which matters regarding setting up of energy projects especially gas-based power houses were discussed.The chief minister said special incentives were being offered to investors for projects in the energy sector and ...

TDAP apprises NA body of reasons for drop in exports KARACHI: National Assembly Standing Committee on Commerce here Friday visited Trade Development Authority of Pakistan (TDAP) and the MNAs were briefed about the issues being faced by the exporters; leading to decrease in exports in fiscal year 2014-15.TDAP's Chief Executive Officer (CEO) S.M.Muneer informed the NA Committee that both electricity and gas crisis in the country badly affected the manufacturing process.He also pointed out that water shortage created by water mafia in the city has ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln