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Police arrest 53 accused in last 24 hours KARACHI: The Karachi police in their drive against criminals, arrested 53 accused from different areas of the metropolis during the past 24 hours.A police statement on Tuesday said that those arrested include 16 absconders and proclaimed offenders.It said that 15 weapons of different calibres were also recovered from those arrested.As many as five people were killed in the metropolis in different incidents during the last 24 hours.One of these was killed because of domestic dispute and another on a dispute relating to a piece of land and the remaining three lost their lives owing to `unknown reasons.'Action was initiated against 195 people for violating ban on pillion riding. Copyright APP (Associated Press of Pakistan), 2013

SC takes note of ignoring police jawans for Foundation's plots ISLAMABAD: The Supreme Court on Tuesday expressed dissatisfaction over discriminatory allotments of residential plots in National Police Foundation (NPF) saying the jawwans were ignored all together.A three-judge bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Ijaz Ahmed Chaudhry and Justice Gulzar Ahmed resumed hearing in a suo-moto case regarding the land scam of NPF.During the course of proceeding, the bench observed that many police officers were awarded more than one plot setting aside rules and ...

PIA plane escapes disaster after bird hits engine LAHORE: A Pakistan International Airline flight escaped disaster on Tuesday morning as pilot managed to land the aircraft safely after a bird hit its engine.According to details, PIA’s Airbus 310 was approaching to land at the Allama Iqbal International Airport, Lahore when a bird hit one of its engines.However, pilot maneuvered the aircraft and landed safely while all the passengers on board also remained safe.Copyright INP (Independent News Pakistan), 2013

Sharjeel Memon refuses possibility of Swat-style operation in Karachi KARACHI: Sindh Information Minister Sharjeel Memon has completely refused possibilities of initiating a Swat-style military operation in Karachi as law and order situated is tensed since 25 years in the economic hub of Pakistan.Sharjeel Memon has strictly objected the opponent political parties for their criticism over worse law and order situation in Karachi and advised them to present effective suggestion to implement peace in the metropolitan city.The information minister pointed finger towards Pakistan Muslim League-Nawaz ...

Sheikh Rasheed urges PM Sharif to focus on people’s problems ISLAMABAD: Awami Muslim League (AML) head Sheikh Rasheed Ahmed on Monday advised Prime Minister Nawaz Sharif to keep his focus on public issues in line with his mandate.He made these remarks after Prime Minister Nawaz Sharif told the lower house that his government would try former military ruler Pervez Musharraf for high treason over November 3 Emergency Rule.Rasheed said that PM Sharif should not deviate from his main job to solve the problems being faced ...

LHC for allocating hajj quota to new HGOs LAHORE: Lahore High Court Chief Justice Umar Ata Bandial Monday, hearing various petitions challenging Hajj Policy-2013 and process of quota allocation, directed Religious Affairs Ministry to allocate quota to new Haj Group Organisers (HGOs) offering lower rates for the hajj.The chief justice passed the orders on the petitions filed by Travel Shop and others.Today, petitioner's counsel Muhammad Azhar Siddique submitted that Hajj's expenditures had been reduced in market due to hearing of the case by ...

CM for making vaccination drive successful LAHORE: Chief Minister Shahbaz Sharif on Monday directed making a special anti-measles drive which started on June 24 a success. He also appealed to parents to cooperate with vaccination teams.In a directive to the provincial health department, he said no dereliction would be tolerated during the campaign as he hinted at holding audit by a third party in the vaccination campaign.Kicked off today in 12 districts, the special anti-measles campaign will continue till July 4, ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln