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Senate session summoned to meet on June 5 ISLAMABAD: President, Mamnoon Hussain has summoned the Senate, the Upper House of the Parliament to meet on June 5 (Friday).According to a notification issued here by Senate Secretariat, the session has been summoned to meet in the Parliament Building by the President in exercise of the powers conferred by clause (1) of Article 54 of the Constitution. Copyright APP (Associated Press of Pakistan), 2015

SBP injects Rs586.850bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 586.850 billion into market for seven days through its open market operation (OMO).The rate of return accepted is 7.49 percent per annum, said a SBP statement.Copyright APP (Associated Press of Pakistan), 2015

KP assembly completes two parliamentary years; passes 37 bills PESHAWAR: On completion of two parliamentary years on Friday, the Speaker Khyber Pakhtunkhwa Assembly Asad Qaiser felicitated the members and informed that the House passed 37 bills during the period. On the occasion he read out the second year parliamentary report of hundred days before the house and informed that a total 44 bills was presented in the house, of those 37 bills were passes and three were referred to concern committees for further consideration. ...

10 assistant registrars, 15 assistants promoted LAHORE: The Lahore High Court on Thursday promoted 10 assistant registrars and 15 assistants to the next ranks.According to a notification, those assistant registrars (BS-18) were promoted as Deputy Registrars (BS-19) include: Muhammad Shahbaz, Assistant Registrar (PRO), Muhammad Khalid Akhtar, Assistant Registrar (Job-II), Dawood Ahmad, Assistant Registrar (Confidential-I), Muhammad Younas Rana, Assistant Registrar (Confidential-II), Khalid Mehmood, Assistant Registrar (Lower Court Estt), Liaqat Ali, Assistant Registrar (Resident), Multan Bench, Munir Ahmad, Assistant Registrar (IT-II), Nasrullah Khan ...

Committee set up to probe Shadbagh tragedy: CM LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has said a high level committee has been constituted to probe Shadbagh tragedy and in the light of its report, stern action would be taken against the persons.Presiding over a high level meeting through video link at Civil Secretariat on Thursdy, he is deeply grieved over the death of six children due to fire in Shadbagh.The meeting reviewed performance of relief agencies in the wake of the tragic ...

LSE gains 7.32 points LAHORE: Lahore Stock Exchange here Thursday witnessed bullish trend by gaining 7.32 points as the LSE Index-25 opened with 5458.22 points and closed at 5465.54 points. The market's overall situation, however, did not correspond to an upward trend as it remained at 290,500 shares to close against previous turnover of 370,800 shares, showing a downward slide of 80,300 shares. While, out of the total 83 active scrips 5 moved up, 9 shed values and 69 ...

Global climate agreement unlikely without finance for climate-vulnerable poor nations, Mushahidullah ISLAMABAD: Federal Minister for Climate Change Senator Mushahidullah Khan has welcomed imposing remark of the French president regarding the much-awaited global climate agreement, in which the latter has told rich countries, that a roadmap for ramping up climate finance for developing countries to $100 billion a year by 2020 is inevitable to agreeing the new global climate deal in Paris later this year.The minister has also backed argument of the French president Francois Hollande that ...


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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln