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Religious ministry asks intending pilgrims to hire only registered HGOs services ISLAMABAD: The Ministry of Religious Affairs and Interfaith Harmony has asked the intending Hajj pilgrims to hire the services of only registered Hajj Group Organisers (HGOs) for performing the sacred religious ceremony under private hajj scheme.An official of the ministry told APP that the unregistered Hajj Organisers and sub agents are not authorised to collect the applications under private hajj scheme. The ministry has already launched action against such persons. He said before finalizing any deal with the HGO, an intending pilgrim must confirm the permission letter, enrolment number, package offered including air fare, distance of residence from Haram Sharif, Maktab number of Mina Tent Village and transport facility being offered to Hujjaj. An intending pilgrim must also write his blood group with the application.The HGOs must be paid through cheque or bank draft. The applicant must know about his stay duration in Saudi Arabia as air fare varies for ...

Youth empowerment to strengthen economy: Shahbaz LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif said on Sunday that 60 percent population of Pakistan comprises youth and their empowerment can result in strengthening of national economy and changing the destiny of the nation. Talking to Assembly Members of various districts here, he said that PML-N's provincial government took steps of historic nature for development and empowerment of youth. A target has been fixed to create more than four million jobs under Development Strategy ...

Seven criminals held by Rangers KARACHI: Pakistan Rangers (Sindh) has arrested seven alleged criminals including a target killer during separate raids at University road and in Lyari areas of the city.A Rangers spokesman said here on Sunday that SMGs and other weapons were also seized during the raids.Copyright APP (Associated Press of Pakistan), 2015

Fesco issues shutdown programme FAISALABAD: The Faisalabad Electric Supply Company (FESCO) has issued shutdown programme for necessary repair, maintenance and expansion of electricity lines.According to the programme issued here on Saturday, power supply from Musa Khail, Chidro and Aba Khail feeders emanating from 132-KV Mianwali grid station will remain suspended from 7:30 am to 1:30 pm while Sehrash Textile Mills, HAR Textile Mills, Mukhtar Textile Mills, Pakka Anna and Nia Lahore-1 feeders originating from 66-KV Nia Lahore grid station ...

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. ...


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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 28, 2015
Reserves $17.494 bln