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Pakistan releases seven Taliban prisoners ISLAMABAD: Pakistan on Saturday announced the release of seven senior Afghan Taliban figures to help the peace process in war-torn neighbour Afghanistan, the foreign ministry said."In order to further facilitate the Afghan reconciliation process, Pakistan is releasing seven Taliban detainees namely Mansoor Dadullah, Said Wali, Abdul Manan, Karim Agha, Sher Afzal, Gul Muhammad and Muhammad Zai," it said in a statement."These releases are in addition to 26 Taliban detainees released during the last year," it added.Afghan President Hamid Karzai was in Pakistan for two days last week and met with Prime Minister Nawaz Sharif.Karzai said Afghanistan expected Pakistan to provide "opportunities or a platform for talks between the Afghan High Peace Council" -- Kabul's official negotiators.Afghan government peace negotiators accompanying Karzai earlier called for the release of the most senior Taliban figure detained in Pakistan, former deputy leader Abdul Ghani Baradar.Copyright AFP (Agence France-Presse), 2013

Pakistan heading towards total dollarization of economy: PEW President ISLAMABAD: The Pakistan Economy Watch (PEW) on Friday expressed grave concern of dwindling rupee holding government and IMF responsible for the mess. A secret deal with the IMF has made rupee one of the world’s worst-performing currencies while paving way to the dollarization of the economy, said Murtaza Mughal, President PEW. Talking to President IWCCI Farida Rashid, he said that the continuous fall in rupee value has been multiplying the cost of living and cost ...

Food minister ensures quality seed to farmers ISLAMABAD: Federal Minister for National Food Security & Research, Sikandar Hayat Khan Bosan here on Friday directed the Central Seed Testing Lab (CSTL) for accelerating seed quality monitoring to ensure quality seed supply and availability in the market.The minister inaugurated the renovated and upgraded Central Seed Testing Lab at Federal Seed Certification and Registration Department to ensure seed testing and certification to enhance per acre crop out in the country.Currently Seed Certification and Registration Department ...

Dutch Business Circle launched in city KARACHI: A Dutch Business Circle has been launched here on Friday to enhance the trade at international level.A statement said the Ambassador of the Netherlands to Pakistan, Marcel de Vink, said on the occasion that his country feels there are many opportunities to enhance trade relations with Pakistan.He said the Dutch Business Circle stands for equality, flexibility and informality between the members and this was sure to grow and prosper if all members worked hard ...

FTO secretariat to expand network KARACHI: Federal Tax Ombudsman (FTO) secretariat has planned to expand its network in the country to efficiently deal with fast increasing complaints about tax structure and the collectors."In FTO, complaints about taxes are increasing every day. But, we are well-prepared to provide quick possible relief to complainants," said Federal Tax Ombudsman, Abdul Rauf Chaudhry during an interactive session with members of Pakistan Hosiery Manufacturers and Exporters Association, here at PHMA House on Friday.Copyright APP (Associated ...

Country's defence lies in strong Balochistan QUETTA: Chief of Army Staff, General Ashfaq Pervez Kayani Friday said that Pakistan's defence lies in the strong and prosperous Balochistan." It is not just coincidence that I'm celebrating the National Defence Day in the Sui town of Balochistan, but it is a matter of importance and honour which the Army keeps for Balochistan," he said during a passing out parade of cadets in the Military College Sui (MCS) here.Chief Minister Balochistan, Dr Abdul Malik ...

No amount deducted from share of Sindh: Finance Ministry ISLAMABAD: The Ministry of Finance has strongly contradicted a news item carried by a section of the media that the ministry had deducted amount at source from the budgetary share of the province of Sindh.In a statement issued here, a spokesman of the ministry termed the news as baseless and said, the federal government is committed to a decision made in the Council of Common Interest that no deduction will be made by the federal ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln