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LHC annuls district delimitation authorities' decisions in 5 districts LAHORE: The Lahore High Court Wednesday set aside decisions of district delimitation authorities on pleas challenging local government delimitations in several union councils (UCs) of Bhakkar, Gujrat, Gujranawala, Sargodha and Kasur.The court asked the district delimitation authorities to decide the applications after hearing the stance of the parties and passed a speaking order.Justice Shahid Karim passed these orders on various petitions filed by Mian Afzal and others challenging the decisions of district delimitation authorities regarding objections against delimitations of union councils.The petitioners submitted that the district delimitation authorities failed to decide their objections in accordance with laws. They submitted that the authorities had issued stereotype orders without inspecting sites and seeking reply from respondents. They contended that the step was in violation of Article 10 of the constitution and section 24 A of General clauses Act 1857 wherein it was mandatory to pass a speaking order in this regard. They ...

LSE downs by 41.52 points LAHORE: Lahore Stock Exchange here Wednesday witnessed bearish trend by loosing 41.52 points, as the LSE Index-25 opened with 5837.62 points and closed at 5796.10 points. The market's overall situation also did not correspond to an upward trend as it remained at 1.091 million shares to close against previous turnover of 1.129 million shares, showing a downward slide of 37,500 shares. While, out of the total 80 active scrips, 17 moved up, 15 shed values ...

Zambian Air Chief meets Gen. Rashad Mahmood ISLAMABAD: Air Command of Zambia Air Force, Lt. Gen Eric Mwaba Chimese called on Chairman Joint Chiefs of Staff Committee (CJCSC), General Rashad Mahmood on Wednesday and discussed matters related to bilateral cooperation between both Armed Forces.During the meeting, the visiting dignitary lauded contributions made by Pakistan Armed Forces in War on terror, says a press release issued by Inter Services Public Relations (ISPR).-Copyright APP (Associated Press of Pakistan), 2015

SC directs AGP to submit reply over grey trafficking ISLAMABAD: The Supreme Court Tuesday directed the Attorney General for Pakistan (AGP) to submit details of steps taken against the individuals involved in grey trafficking.The three-member SC bench headed by Chief Justice Jawwad S. Khawaja and comprising Justice Dost Muhammad Khan and Justice Qazi Faez Isa heard the case regarding grey trafficking.During the course of proceedings, the Chief Justice asked that the government recovered how much amount due to loss of grey trafficking. It was ...

SBP mulls indicative targets for banks: Deputy Governor LAHORE: State Bank of Pakistan (SBP) is considering indicative targets for banks, review their performance against these targets after a certain period, and may consider formulation of regulation to impose mandatory targets if it does not receive favorable results. SBP Deputy Governor Dr. Saeed Ahmad stated this, while addressing the inaugural session of 9th Pakistan SME Forum 2015 organized by SHAMROCK Conferences International at a local hotel on Tuesday.This year's theme was 'Fostering SME Access ...

President approves confirmation of six addl. judges of SHC ISLAMABAD: The President, on advice of the Prime Minister has approved confirmation of six Additional Judges of High Court of Sindh, as Judges of the SHC.Additional Judges, Justice Nazar Akbar, Justice Mrs. Ashraf Jehan, Justice Shahnawaz Tariq, Justice Abdul Maalik Gaddi, Justice Muhammad Junaid Ghaffar and Justice Zafar Ahmed Rajput have been confirmed as Judges of High Court of Sindh.The summary was initiated by Senate of Pakistan.Copyright APP (Associated Press of Pakistan), 2015

LSE gains 290.37 points LAHORE: Lahore Stock Exchange (LSE) here Tuesday witnessed bullish trend by gaining 290.37 points as the LSE Index-25 opened with 5547.25 points and closed at 5837.62 points.The market's overall situation, however, did not correspond to an upward trend as it remained at 1.129 million shares to close against previous turnover of 3.463 million shares, showing a downward slide of 2.333 million shares. While, out of the total 95 active scrips 35 moved up, 8 shed ...


Index Closing Chg%
Arrow DJIA 16,528.03 0.69
Arrow Nasdaq 4,776.51 1.07
Arrow S&P 1,927.18 0.84
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,259.46 0.38
Arrow CAC-40 4,652.95 0.47
Arrow Nikkei 18,890.48 1.28
Arrow H.Seng 21,670.58 0.27
Arrow Sensex 26,283.09 0.41

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln