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Shahbaz orders judicial inquiry into Daska incident LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif, taking serious notice of tragic incident of clash between lawyers and police in Daska, has ordered judicial inquiry into the incident.The Chief Minister has directed Chief Secretary to write a letter to the Chief Justice Lahore High Court for judicial inquiry of Daska incident.Shahbaz Sharif has expressed deep sense of sorrow and grief over the death of president Daska Bar Rana Khalid Abbas and Irfan Chohan Advocate as a result of the tragic incident.According to spokesman of the Punjab government, it has also been decided to constitute a joint investigation team for inquiry of Daska incident. Representatives of police, ISI and IB will be included in joint investigation team.Shahbaz Sharif has also ordered to suspend TMO Daska and make AC Daska as OSD. He has also sought a report of the incident from Inspector General Police and directed that action should be taken ...

Shahbaz approves institutional reforms in Minerals Deptt LAHORE: Punjab Chief Minister, Muhammad Shahbaz Sharif Monday gave approval to institutional reforms in Minerals Department and directed to set up a steering committee for presenting recommendations for reorganization, capacity-building and reforms in the department.The Chief Minister presided over a meeting here, which decided to modernize Minerals Department.Addressing the meeting, Shahbaz Sharif said the Minerals Department could play important role in strengthening economy of the province. He directed that planning should be made to run ...

LSE gains 57.48 points LAHORE: Lahore Stock Exchange here on Monday witnessed bullish trend by gaining 57.48 points as the LSE Index-25 opened with 5493.09 points and closed at 5550.57 points. The market's overall situation, however, did not correspond to an upward trend as it remained at 755,000 shares to close against previous turnover of 884,100 shares, showing a downward slide of 129,100 shares. While, out of the total 85 active scrips 15 moved up, 8 shed values and ...

APTMA for using textile industry growth potential for jobs creation LAHORE: All Pakistan Textile Mills Association (APTMA) on Monday urged the government to utilise growth potential of textile industry for employment creation. Association's Chairman S.M. Tanveer stated here that he had put forward budget proposals which also stressed the need to operationalize closed capacity by providing guaranteed uninterrupted energy supply to export-oriented textile industry at competitive rates. Fiscal incentives including zero rating tax holiday, interest support for new investments in all textile sectors should be ...

IHC adjourns hearing against bail of Zafar Gondal ISLAMABAD: The Islamabad High Court (IHC) on Monday sought a reply from the respondents in a petition against the bail orders of former chairman Employees Old-Age Benefits Institution (EOBI), Zafar Iqbal Gondal and adjourned hearing.Chief Justice of IHC, Muhammad Anwar Kasi heard the plea filed by the Federal Investigation Agency (FIA) and EOBI seeking cancellation of bail orders of Zafar Gondal.The FIA and NAB had registered corruption cases of Rs. billions against former chairman EOBI ...

SBP injects Rs 50.6bn into market KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs 50.6 billion into the market for four days through its open market operation.The rate of return accepted is 6.5 percent per annum, said a SBP statement. Copyright APP (Associated Press of Pakistan), 2015

First phase of FTA implementation boosts Pakistan's exports to China ISLAMABAD: Pakistan and China have completed first phase of implementation of Free Trade Agreement (FTA) 2012-13 and during this period exports to China recorded growth of 320 per cent.Similarly, during the period, the imports grew at 120 per cent, sources at Commerce Division said here on Monday.The sources said in order to better utilize concessions and address concerns of the domestic industry, Ministry of Commerce has started negotiations on 2nd phase of FTA with Chinese ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln