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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 country.The minister said PTI protest sit-in was unconstitutional step, adding that during demonstration last year, PTI workers attacked the national institutions.He termed PTI demand of resignation of the Election Commission of Pakistan's members were 'unconstitutional' as these were appointed by following legal process and procedure.Ishaq Dar stated that Chairman of National Database and Registration Authority (NADRA) was appointed with the consultation of PTI Chief Imran Khan.According to agreement, PTI members assured that if the General ...


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 ...

Rs200mn allocated for revival of historic beauty of Peshawar PESHAWAR: An amount of Rs. 200 million has been allocated for construction of walled city with the support of Belgium University to revive lost legacy of provincial capital.This was disclosed by Director Archaeology and Museum Dr Abdul Samad while talking to media persons here. He said that beautification and embellishment work on boundary wall and 16 historic gates of provincial capital would be carried out in two phases. In the first phase master plan for ...

Saad advises Imran to stop criticising courts, opponents LAHORE: Railways Minister Khawaja Saad Rafique has advised Pakistan Tehreek-i-Insaaf chairman Imran Khan to refrain from criticising courts and his opponents for his own failures.In a statement issued here on Friday, he said irresponsible, envious and arrogatory attitude of Imran Khan was not bearable.He added the PTI was targeting the PML-N time and again but the PML-N was trying to save the PTI from complete damage.The minister hoped Imran's politics of ego, stubbornness and conspiracy ...


 



 
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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