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Govt to utilize resources for rehabilitation of flood-hit people: CM RAJANPUR: Punjab Chief Minister Muhammad Shahbaz Sharif said that the government would take all possible steps for the rehabilitation of flood affected people.Talking to journalists after visiting a relief camp set-up for flood affected people at Kot Mitthan on Thursday, he said, "I would not take rest till the return of flood-affected people to their homes."Shahbaz Sharif lauded the efforts and arrangements made by the district government and also appreciated their performance.He said that all possible resources would also be utilized for the maintenance of infrastructure damaged by the recent flood at Rajanpur.He said that calamities were test by the Nature and the brave nations faced them courageously.He said that Punjab government had allocated billions of rupee for the health sector and for Chief Minister Rural Road Programme and added that the sense of deprivation of the people of the district would be ended and the district would make progress ...

Pakistan's Liquid Foreign reserves reach over US $ 18.677 billion ISLAMABAD: The total liquid foreign reserves held by the country stood at US$18,677.4 million on July 17, 2015.Giving the break-up of the foreign reserves position a statement of Central Bank issued on Thursday said that Foreign reserves held by the State Bank of Pakistan stood at US$ 13,543.0 million while Net foreign reserves held by banks were US $ 5,134.4 million on July 17.The SBP statement further said that during the week ending July 17, ...

SC seeks details about NGOs source of funding ISLAMABAD: The Supreme Court on Wednesday directed the federal and provincial governments to furnish complete details about the source of funding of Non Governmental Organizations (NGOs), mechanism to monitor their activities and process of registration.The three-member bench headed by Justice Jawwad S. Khawaja resumed hearing of the case regarding working and foreign funding of NGOs in Pakistan. The matter relating to NGOs activities had cropped up during a hearing of a case of bail application ...

SBP accepts Rs 211.804bn for sale of MTBs KARACHI: State Bank of Pakistan (SBP) on Wednesday accepted bids of Rs 211.804 billion for the sale of 3, 6 and 12 months Government of Pakistan Treasury Bills (MTBs).Copyright APP (Associated Press of Pakistan), 2015

Drive for removal of illegal, sub-standard billboards continue KARACHI: The drive continued in the city during the Eid holidays for the removal of illegal,sub-standard and damaged billboards and hoardings, on the directives of Commissioner/Administrator Karachi, Shoaib Ahmed Siddiqui.A Karachi Metropolitan Corporation (KMC) statement on Tuesday said that some 250 such hoardings were removed from Saddar, Gulshan-i-Iqbal, North Nazimabad and other areas.Thousands of banners and posters were also removed that were affecting the beauty of the metropolis. Illegal and sub-standard hoardings were also removed ...

CM expresses grief over loss of human lives in Chitral LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif Tuesday expressed deep grief and sorrow over the loss of human lives and property in Chitral due to flood. He prayed that may Almighty rest the departed souls in enternal peace and grant courage to bereaved family members to bear this irrepareable loss. Copyright APP (Associated Press of Pakistan), 2015

Juammatul Wida celebrated with solemnity, fervor KARACHI: Jammat-ul-Wida, the last friday of Ramazan-ul-Mubarak, was celebrated here with religious fervor like in other areas of the country.Mosques and imambargahs were seen full to their capacity with the faithful who also prayed for the peace, brotherhood and interfaith harmony, and prosperity of the country.Prayer leaders (Pesh Imam) in their sermons highlighted the importance and blessings of fasting during the holy month of Ramazan.They emphasized on promoting environment of co-existence where every body can ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln