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SC adjourns hearing against Altaf while pointing out errors in petition ISLAMABAD: The Supreme Court on Wednesday adjourned hearing of a constitutional petition against Altaf Hussain, the chief of Muttahida Qaumi Movement (MQM) while pointing out errors in the petition and directed the petitioner to re-submit it before the court. The petition was filed by the leaders of Watan Party against Altaf Hussain praying the court to put a ban on the functioning of MQM in Pakistan and its leader Altaf Hussain's broadcasts and telecasts also be banned by the apex court. A three-judge bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Chaudhry Ejaz Afzal and Justice Gulzar Ahmed heard the petition. During the short hearing of the petition, the bench pointed out several technical errors and omissions in the petition and directed the petitioners to re-submit it. The court also directed the petitioner to verify the status of MQM with the Election Commission of Pakistan (ECP) to know that who ...


PPP accepts election results to strengthen democratic system ISLAMABAD: Senator of Pakistan People's Party (PPP), Moula Bakhsh Chandio Wednesday said that his party had accepted elections results for strengthening democratic system in Pakistan.The PPP was not supporting any agitation in the country, he added.Talking to a private TV channel, Chandio said that his party would nominate the name for the office of Sindh Chief Minister.He claimed that former government had introduced historical projects despite of international pressure.Replying to a question, he hoped that ...

Three target killing suspects arrested KARACHI: Mithadar Police have arrested an alleged target killer Shera alias Tension and his two accomplices identified as Fazalullah and Amanullah alongwith a stolen car.According to a press release issued here on Wednesday, they were arrested during snap checking in the area.They were allegedly involved in different heinous crimes including target killings, extortion from owners of Marble factories and kidnapping for ransom.Further investigation is under way. Copyright APP (Associated Press of Pakistan), 2013

Fire-fighters battling SITE factory fire KARACHI: Fire Brigade called fire tenders from all over the city on Wednesday night to control a blaze which engulfed a chemical factory in SITE area. A Fire Brigade official told APP that fire-fighters are battling the Category-3 blaze. About 40 fire tenders have been called to the place from across the city to assist the fire-fighting operation, he added. There are no reports of any casualties in the incident. Copyright APP ...

Mobile phone service briefly suspended in Islamabad, Rawalpindi ISLAMABAD: The cellular phone services suspended in Rawalpindi and Islamabad were resumed after four hours on the occasion of arrival of Chinese premier here on Wednesday. The cellphone service was suspended in twin cities for four hours from 10:00am to 2:00pm as security measure on the arrival of Chinese premier in PakistanEarlier, the Pakistan Telecommunication Authority (PTA) had issued a notification, stating that the cellular phone services in the twin cities will remain suspended from ...

No breakthrough on coalition with JUI-F: Zafar ISLAMABAD: Chairman Pakistan Muslim League- Nawaz Raja Zafar-ul-Haq on Tuesday said that his party and Jamiat Ulema-e-Islam-Fazl had not yet made any breakthrough to form a coalition government at the Centre.The PML-N leader told APP that the two parties had constituted committees to continue talks on the matter.Regarding JUI-F's demands of two federal ministries and chairmanship of the National Assembly's Committee on Kashmir Affairs, Raja Zafar-ul Haq said that the JUI-F had already contradicted the ...

Sino-India relations not to affect Pak-China friendship: Masood ISLAMABAD: Former ambassador to China Masood Khan has said that Pakistan relations with China are very deep and strategic.Talking to VOA, he said that "I don't think China will establish relations with India at the cost of Pakistan. We should not be worried in this regard."To a question he maintained that China is a big country and it has relations with India too. It should not be taken in the perspective that damage to India ...


 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln