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Karachi desperately needs more teaching hospitals Karachi: Recent heatstroke crisis in Karachi has showed that longstanding demand of Pakistan Medical Association (PMA) and Pakistan Islamic Medical Association (PIMA) regarding opening a government-run teaching hospital in each of 18 towns of Karachi was a just and realistic demand but sadly it fell on deaf ears. Karachi is amongst the biggest cities of the world; however, its civic infrastructure including healthcare centers are not up to the mark to serve 25million plus population of the city. Major patient load is sustained by Jinnah Postgraduate Medical Center (JPMC), Civil Hospital Karachi (CHK) and Abbasi Shaheed Hospital (ASH). There is a dire need to make the Qatar Hospital Orangi and Sindh government hospitals in Liaquatabad, Saudabad, Korangi, New Karachi, Ibrahim Haideri and other areas teaching hospitals without further delay. The government should approve the SNEs of these hospitals in this regard and to arrange special funds for them on emergency ...

Foreign exchange reserves exceed US$ 18.20bn ISLAMABAD: Foreign Exchange Reserves held by the country exceeded US$ 18.20 billion.A statement issued by the Ministry of Finance here Thursday said that out of the total forex reserves, over US$ 13 billion are with the State Bank of Pakistan and over US$ 5 billion are with Commercial Banks.Finance Minister, Senator Muhammad Ishaq Dar extends felicitations to Prime Minister, Nawaz Sharif and the whole nation as Pakistan on this important achievement. Copyright APP (Associated Press ...

Mobile phone imports up by 15.86pc in 11 months ISLAMABAD: The mobile phone imports into the country increased by 15.86 percent during first 11 months of the year 2014-15 over the same period of last year.The imports of mobile phones into the country during July-May (2014-15) were recorded at $653.808 million against the imports of $564.293 million during same period of last year, according to the data of Pakistan Bureau of Statistics (PBS).On year on year and month on month basis, the mobile phone ...

SBP declares 8th rental coupon rate for 3-year sukuk KARACHI: State Bank of Pakistan (SBP) on Thursday declared 8th rental coupon rate for 3-year Government of Pakistan Ijara Sukuk (GIS-9) at 6.9355 per cent per annum.The payment date will be Nov. 21, 2015, said SBP press release. Copyright APP (Associated Press of Pakistan), 2015

SC directs NAB authorities to submit performance report  ISLAMABAD: The Supreme Court on Thursday directed the National Accountability Bureau (NAB) to submit a comprehensive report about its performance and adjourned hearing of the case till Monday. The three-member bench headed by Justice Jawwad S. Khawaja comprising Justice Sh. Azmat Saeed and Justice Maqbool Baqar heard the case about the performance of the National Accountability Bureau. During the case proceedings, Attorney General Salman Aslam Butt submitted report about registered complaints, inquiries and references in the ...

Shipping activity at Port Qasim KARACHI: Brisk shipping was observed at the Port where five ships C.V CMA CGM Cornel, C.V Maersk Atlanta, M.V Goeogioss, M.T Ali Goti and M.T Sichem Eagle carrying containers, saya bean seeds, diesel oil and palm oil took berths at qasim international containers terminal berth # 7 & 9, Grain & fertilizer terminal, FOTCO oil terminal and liquid cargo terminal respectively at Pot Qasim Wednesday, 23rd June, 2015.Meanwhile three more ships carrying Phosphoric Acid, LPG ...

Commission constituted to probe killings of TDPs in Bakakhel camp, NA told ISLAMABAD: Minister for State and Frontier Regions (SEFRON) Lieutenant General (Retd) Abdul Qadar Baloch on Thursday informed the National Assembly that an enquiry commission has been constituted to probe the killings of two Temporary Displaced Persons (TDPs) in Bakakhel camp. Speaking in the National Assembly, he said, the incident took place on Tuesday evening at the time of Iftar due to congestion in the camp. He assured the House that the responsible of the incident ...


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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