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Gov't launches long term development projects to spur growth ISLAMABAD: The PML(N) government has taken several initiatives that would contribute to economic development of the country and enhance the overall growth.The Major focus of development work has been shifted to the development of water reservoirs, power sector capacity, road communication, education and health projects, as the previous government has miserably failed to make any positive changes in these sectors.The government is investing a hefty amount of Rs.59 billion for the water sector projects to ensure sufficient water for agriculture and the people besides making permanent arrangements for future power generation to overcome energy crisis.The government would develop projects like Katchi Canal (Dera Bugti and Nasirabad), Rainee Canal (Ghotki and Sukkur), Kurram Tangi Dam (North Waziristan), Extension of Pat Feeder Canal to Dera Bugti, Gomal Zam Dam (South Waziristan), Ghabir Dam (Chakwal) besides completing Mangla Dam raising, lining of water courses in Sindh and Punjab, flood protection and drainage schemes ...

Minister for Ports & Shipping visits Karachi Port KARACHI: Federal Minister for Ports and Shipping, Senator Kamran Michael, visited Karachi Port Trust (KPT) on Friday.Accompanied by Chairman KPT and other high functionaries of the Port the Federal Minister was given a detailed tour of the maritime installations of KPT along with all the ongoing development projects KPT is undertaking.A KPT statement said that the Minister was taken round all operational berths of KPT including all the three oil piers.During the course of his ...

Police arrest 44 accused in last 24 hours KARACHI: The Karachi police in their drive against criminals, arrested 44 accused from different areas of the metropolis during the past 24 hours.A police statement on Friday said that those arrested include absconders and proclaimed offenders as well as those allegedly involved in cases of murder, dacoity and other crimes.It said that 20 weapons of different calibres were also recovered from those arrested.According to police 12 persons were killed in different incidents in the city ...

OIC countries total GDP `$4.7 t' less than Japan's figure of `$4.8 t' ISLAMABAD: The 57 members of The Organization of Islamic Cooperation (OIC) with a population of 1.6 billion had 70 percent of world energy resources; 40 percent of natural resources, but the collective GDP of these countries ($4.7 t) was less than that of Japan ($4.8 t).While the contribution of OIC was only 8 percent towards world GDP while 40 percent of the population were living below poverty level.This was stated by Chairman Higher Education Commission ...

Govt to resolve Balochistan issues with mutual interaction: Dr Abdul Malik ISLAMABAD: Chief Minister of Balochistan Dr. Abdul Malik Baloch has said that his government would take all stakeholders including opposition into confidence in resolving problems of Balochistan.Talking to VOA, he said that other priorities of his government would include restoration of peace, putting up of Balochistan back on track of progress, revival of its economy, provision of employment opportunities to the jobless youth and improvement of health and education sectors in the province.Baloch said Balochistan's ...

Governor summons KP Assembly session on June 17 PESHAWAR: The Governor Khyber Pakhtunkhwa, Engr Shaukatullah Khan on Friday summoned the Provincial Assembly to meet on June 17 at 2pm.It was notified by the Provincial Assembly of Khyber Pakhtunkhwa here today.It merits to mention that the budget of Khyber Pakhtunkhwa Government for year 2013-14 would be presented in this special session of the Assembly.Copyright APP (Associated Press of Pakistan), 2013

World Blood Donor Day observed BANNU: Prominent health practitioner and chief provost Bannu Medical College Dr. Hafizullah Khan Friday said that a large number of female die every year due to less than normal quantity of haemoglobin in the blood or anaemia.He urged upon youngsters to donate generously for the patients who are in emergent need of blood.Talking to media persons here at a local health complex on World Blood Donor Day, Dr Hafizullah removed the general misconception about blood ...


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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