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Prime Minister condoles demise of novelist Abdullah Hussain ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Saturday expressed deep grief and sorrow over the death of renowned Urdu writer and novelist Abdullah Hussain who passed away in Lahore this morning.In his message to the bereaved family, the Prime Minister extended his heartfelt condolences while lauding the services rendered by him for promotion of the national language and enrichment of Urdu literature.He described his death as a loss to the nation especially the literary circles, according to a PM House statement.The Prime Minister prayed that Allah Almighty may rest the departed soul in eternal peace and grant patience to the family to bear this loss.Copyright APP (Associated Press of Pakistan), 2015

President condoles demise of novelist Abdullah Hussain ISLAMABAD: President Mamnoon Hussain Saturday expressed deep grief and sorrow over the death of renowned writer and novelist Abdullah Hussain.According to a President House statement, the President prayed that Allah Almighty bless the departed soul with eternal bliss and grant courage to the bereaved family to bear the loss with equanimity.He said the literary services of Abdullah Hussain were unforgettable who produced the literature of international stature.The President said the services of Abdullah Hussain would ...

PM voices concern over hockey team's poor performance ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Saturday expressed concern over the embarrassing performance of Pakistan's Hockey team in World Hockey League leading to team's disqualification for the 2016 Rio Olympics.According to a PM House statement, the Prime Minister, who is also the Patron in Chief of Pakistan Hockey Federation, sought explanation from the PHF officials and the Ministry of Inter-provincial Coordination that how a three-time gold medalist team plunged so low in performance.He also asked ...

Pakistan loses shining star in Abdullah Hussain's death: Pervaiz ISLAMABAD: "Pakistan has lost one of its shining stars and its pride in the passing away of Abdullah Hussain, a great author, writer, novelist and intellectual."Minister for Information, Broadcasting and National Heritage said this while expressing deep grief and sorrow over the sad demise of the renowned novelist.Pervaiz said that being a man of letters, he possessed the virtues of creativity and sensitivity, and unique qualities of head and heart which distinguished him amongst his ...

NA-122 alleged rigging case adjourned till Monday LAHORE: An election tribunal Saturday adjourned the hearing of NA-122 alleged rigging case till July 6 (Monday).The tribunal comprising Justice (retd) Kazim Ali Malik resumed hearing of the election petition filed by Pakistan Tehreek-i-Insaf Chairman Imran Khan challenging election of National Assembly Speaker Sardar Ayaz Sadiq from NA-122 Lahore constituency.An associate of Sardar Ayaz Sadiq's counsel appeared before the tribunal and submitted that his senior could not appear due to other engagements. He pleaded the ...

Mobile Alert System developed to ensure security of schools, hospitals ISLAMABAD: The Pakistan Telecommunication Authority (PTA) and Islamabad Police have developed a Mobile Emergency Alert System (MEAS) to ensure effective security of schools and hospitals in Islamabad Capital Territory (ICT).The System has been developed in cooperation with mobile application developer Pure Push. Under this project, the access of Android-based smartphone application will be given to administrative staff of schools, colleges, universities and hospitals in the Capital city.Through this system, the staff of schools and colleges ...

IRSA releases 307,587 cusecs water from various rim stations ISLAMABAD: The Indus River System Authority (IRSA) Friday released 307,587 cusecs water from various rim stations with inflow of 311,901 cusecs.According to the data released by IRSA, water level in the Indus River at Tarbela Dam was 1471.96 feet, which was 91.96 feet higher than its dead level 1380 feet.Water inflow in the dam was recorded as 140,600 cusecs while outflow was recorded as 140,000 cusecs.The water level in the Jhelum River at Mangla Dam ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln