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Pak Army, police writing new history of courage: CM LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has said officers and jawans of the Pak Army, Counter Terrorism Force and Punjab Police are writing a new history of courage and valor and the nation is proud of its brave sons and daughters.He was addressing the function of passing-out parade of third batch comprising 332 corporals of Counter Terrorism Force at Elite Police Training School, Bedian Road, here Saturday.The chief minister inspected the parade of corporals and appreciated the standard of modern training and their professional expertise. He also gave away cash prizes, shields and honorary sword to the corporals showing outstanding performance during training.Shehbaz Sharif said the entire nation was proud of these brave corporals who got modern training and have to play the vanguard role. He said that these corporals had not only to eliminate terrorism from the country but will also protect the life and property of people.Congratulating ...


SECP amends KSE regulations to protect investors ISLAMABAD: As part of its mandate to ensure fairness and transparency in the capital market, the Securities and Exchange Commission of Pakistan has amended KSE regulations.The amended regulations call for selection of auditors for net capital balance (NCB), statutory audit and system audit of brokerage firms from the category A and B of the State Bank of Pakistan (SBP) panel, said a statement of SECP here on Saturday.During the course of inspections of brokerage houses, ...

Ishaq urges PTI to play positive role in politics ISLAMABAD: Federal Minister for Finance Ishaq Dar has urged Pakistan Tehreek-e-Insaf (PTI) to opt for positive politics as it spoiled five months during sit-in at D-Chowk."PTI should play its due role for the development and prosperity of the country and masses instead of doing politics on non-issues like appreciating traders strike," he said while this talking to a news channel.He said positive politics is to point out real issues and think broader interest of the ...

Indian army man commits suicide in IoK ISLAMABAD: An Indian army person committed suicide in Jammu Indian occipied Kashmir (IoK) on Friday.According to Kashmir Media Service, the army man identified as Gokula Kumar shot himself with his service rifle inside the Chatha camp in the city," police said.This incident of suicide raised the number of such deaths among Indian troops and police personnel to 342 since January 2007.Copyright APP (Associated Press of Pakistan), 2015

SECP caps sales load on mutual funds at three percent ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), has reduced existing maximum level of sales load, from 5% to up to 3%, that asset management companies (AMCs) are authorized to charge on sales of mutual fund units.The circular requires that no sales load shall be charged if an investor approaches the AMC directly for investment or where purchase transactions are done online, says a statement issued by the Commission on Friday.The requirements also stipulate ...

Sialkot exporters need special attention: TDAP ISLAMABAD: Sialkot being the backbone of Pakistan Exports Industry, needs special attention of Trade Development Authority of Pakistan (TDAP) to address various issues of the city based exporters, said S.M. Muneer, Chief Executive of the authority.He stated this during his visit of TDAP to Sialkot Chamber of Commerce and Industry along with senior officials.Prominent exporters and office bearers of Sialkot Chamber, Sports Goods Association, Surgical Instruments Association and Gloves Association also met S.M. Muneer, Chief ...

Irfan urges Imran to forget past, look towards future ISLAMABAD: Special Assistant to the Prime Minister on Political Affairs Irfan Siddiqui on Friday said that after report of the Judicial Commission, it is now established that general elections 2013 were not rigged."It is not a time to ditch one another. So we should forget conflicts of the past," he said talking to a news channel.He said a committee of PML-N is trying to convince JUI-F and MQM to withdraw their resolutions regarding de-seating PTI ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln