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8 suspects rounded up during search operation FAISALABAD: The police have rounded up eight suspects from the area of Khurarainwala police station during a search operation launched against the criminals here on Wednesday. Police spokesman Muhammad Ramzan told that more than 100 police officials under the supervision of SP Jaranwala Farrukh Raza conducted search operation in different hotels, restaurants, guest houses etc. in Lathianwala, Madina Town, Bilal Town and their adjacent localities and rounded up 8 suspects. Among these suspects include Abdul Mannan son Hajji Rustam Ali Pathan, Abdul Hadi son of Hajji Rustam Ali Pathan, Sardar Wali Muhammad son of Kamal Din Pathan, Altafur Rehman and Jumma Shah son of Muhammad Ikram etc. Copyright APP (Associated Press of Pakistan), 2015

Senate passes GIDC Bill ISLAMABAD: The Senate on Wednesday passed Gas Infrastructure Development Cess Bill, 2015 amid a protest from some opposition members. Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi in his winding up speech said National Assembly has already passed the Bill and said the government requires Rs. 1000 billion annually to maintain and improve gas infrastructure in the country. He said that Rs 100 billion would be collated annually through this levy and it would ...

PM visits Mausoleum of former President of Turkmenistan ASHGABAT: Prime Minister Muhammad Nawaz Sharif Wednesday visited the Mausoleum of former President of Turkmenistan, Saparmurad Niyazov here at "Kipchak" Settlement.The Prime Minister laid floral wreath at the Mausoleum and paid his respects. He was accompanied by Commerce Minister, Khurram Dastagir Khan, Water and Power Minister Khawaja Muhammad Asif and Political Secretary to PM Dr. Asif Kirmani.The Prime Minister on this occasion also visited the Mosque in "Kipchak" Settelement.Copyright APP (Associated Press of Pakistan), 2015 ...

Saira Tarar calls for strengthening cooperation in ECO countries ISLAMABAD: Minister for National Health Services, Regulation and Coordination Saira Afzal Tarar called for strengthened cooperation in improving health indicators between countries of the Economic Cooperation Organization that comprises of ten nations including Pakistan.She said this while addressing Health Ministers of ECO countries during the World Health Assembly being held in Geneva.Besides shared cultural and historical links we can use the existing infrastructural and business links to further fortify ongoing efforts to address issues like ...

LSE downs by 7.65 points LAHORE: Lahore Stock Exchange here Wednesday witnessed bearish trend by loosing 7.65 points, as the LSE Index-25 opened with 5478.65 points and closed at 5471.00 points. The market's overall situation also did not correspond to an upward trend as it remained at 370,800 shares to close against previous turnover of 730.600 shares, showing a downward slide of 359,800 shares. While, out of the total 79 active scrips, 10 moved up, 13 shed values and 56 ...

PAC seeks audit of PTCL privatization agreement ISLAMABAD: The Public Accounts Committee (PAC) of National Assembly on Wednesday directed Auditor General to conduct a detailed audit of agreement related to the sale of 26% shares of PTCL.The PAC met here under the chairmanship of Sayed Khursheed Shah and attended by other members of committee including Sayed Naveed Qamar, Shafqat Mehmood, Azra Fazal Pechuho, Raja Javed Ikhlas, Shahida Akhtar Ali, Junaid Anwar Chaudhary, Dr. Arif Alvi, Sardar Ashiq Hussain Gopang and officials of ...

LHC releases detailed judgement of Signal Free Corridor LAHORE: A Lahore High Court full bench comprising Justice Mansoor Ali Shah, Justice Muhammad Yawar Ali and Justice Ayesha A Malik on Wednesday released detailed judgment in Signal Free Corridor Project case.Justice Mansoor Ali Shah, who was heading the bench, authored the 110-pages judgment.The bench noted that the petitioners, in impugning the Project, had raised various grounds of attack, including violation of Environmental Protection Laws by the concerned authorities, the absurdity and irrationality of the ...


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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