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Altaf condoles young pilot's death KARACHI: Muttahida Qaumi Movement (MQM), Chief Altaf Hussain has expressed his grief over the unfortunate death of young pilot Haris Suleman and his father Babar Suleman.In a statement issued by MQM on Friday, the MQM chief appreciated the young pilot and his cause to raise funds for the welfare of his people by making an air trip around the world but unfortunately he and his father suffered a fatal accident.He said their deaths are big loss for the nation and mourned for long.Altaf Hussain expressed his deep condolence to bereaved family, especially to former Air Marshal Rao Qamar Suleman. He prayed Almighty Allah to confer the eternal peace to the departed souls.Copyright APP (Associated Press of Pakistan), 2014

Hyderabad receives First Monsoon showers coupled with power breakdown HYDERABAD: First downpour of monsoon over Hyderabad and suburb areas leaves water stranding on roads and streets while residents of southern Sindh had to experienced nine hour long major power breakdown since restoration of electric supply to Karachi and HESCO region.As a result of downpour, the 450 MVA Power Transformer of 500 KV Grid Station of National Transmission and Dispatch Company Jamshoro caught fire resulting stoppage of power supply to Karachi and 12 districts of ...

Bomb kills two persons in Kulachi D I KHAN:: Two persons were killed in a mild intensity blast in tehsil Kulachi here on Friday Morning.According to Police, the roadside bomb blast occurred on Loni Road in tehsil Kulachi where Majeed and Imran were targeted. Both died on the spot. Police said it was landmine blast.Police have started investigation.Copyright APP (Associated Press of Pakistan), 2014

Electricity and water supply suspended in Karachi as National Grid trips KARACHI: Electricity has been suspended in several parts of Karachi along with various parts of Hyderabad, Jamshoro and southern Sindh since early morning. According to media reports, “Due to the power breakdown, several water board pumping stations had also stopped functioning as a result of which electricity supply to Dhabeji, Gharo, Nak and Pepri pumping stations was suspended. Consequently, water supply to different parts of Karachi was also interrupted”.Various areas of Karachi has been affected ...

Govt expedites disbursement of cash assistance among IDPs ISLAMABAD: The government has accelerated disbursement of cash assistance among the internally displaced persons (IDPs) of North Waziristan Agency (NWA).The total amount disbursed by the federal govt among the IDPs has now reached to Rs 1.42 billion, Radio Pakistan reported.FATA Disaster Management Authority (FDMA) said that more than one hundred ninety-five million rupees were disbursed among the IDPs on Thursday.The total amount disbursed by the federal government among the IDPs has now reached to 1.42 ...

Pakistan observing ‘day of mourn’ for Gaza people KARACHI: Pakistani Prime Minister Nawaz Sharif has announced to observe a day of mourn across Pakistan for the people of Gaza.According to local media media reports, “A Day of Mourning is being observed across Pakistan today (Friday) to show solidarity with the innocent people of Gaza who have been subjected to terror and war crimes by the state of Israel”.People across Pakistan are demanding an immediate removal of blockade to Gaza to allow relief funds ...

Pakistan's liquid foreign reserves reach $14.45 billion ISLAMABAD: The total liquid foreign reserves held by the country stood at US$14,450.2 million on July 18, 2014.Giving the break-up of the foreign reserves position, a statement of the Central Bank issued here Thursday said that Foreign reserves held by the State Bank of Pakistan stood at US$ 9,398.8 million while the net foreign reserves held by banks were US$ 5,051.4 million on July 18.During the week ending July 18,2014, SBP's Liquid FX Reserves decreased ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln