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Opposition stages walkout from National Assembly to protest power outages ISLAMABAD: The opposition parties Monday staged walkout from the Lower House of the Parliament to protest the loadshedding during currrent heat wave across the country.The opposition parties including Pakistan Peoples Party (PPP), Pakistan Tehreek-e-Insaf (PTI), Jamat-e-Islami (JI), Awami National Party (ANP), Awami Muslim League, protested power outages and demanded urgent measures to redress the issue.Speaking on a Point of Order, Ms Shazia Marri demanded immediate meeting of Council of Common Interest (CCI) for making a joint strategy to get rid of the menace of loadsheddingShe criticised the failure in providing the people solace in heat during Holy Month of Ramzan-ul-Mubarak.Makhdoom Shah Mehmood Qureshi of Pakistan Tehreek-e-Insaf said from 132 to 150 people have reportedly been killed due to heatwave. From June 16 - there is no electricity in Chachro (Tharparkar), he added.He said the rural areas of Punjab are also enduring power outages.He said the federal Government owes from Rs ...

Japan to extend technical support to Auto parts manufacturing industry by end of this month ISLAMABAD: Japan International Cooperation Agency (JICA) would extend technical support to Auto parts manufacturing industry of Pakistan by end of this month, Engineering Development Board (EDB) sources said.According to EDB, the Project for Technical Support to Auto Parts Manufacturing Industry would be initiated by the end June 2015 by the Small and Medium Enterprises Development Authority (SMEDA) and the Japan International Cooperation Agency (JICA) with local consultants and engineers, such as PAAPAM (Pakistan Association of ...

Pakistan condemns attack on Afghan Parliament ISLAMABAD: Pakistan on Monday strongly condemned the attack on the building of Wolesi Jirga (lower house of the Parliament) in Kabul."We commend the role of Afghan security forces in effectively countering this act of terrorism," said Foreign Office Spokesman Qazi Khalilullah in a statement issued here today. He said the government of Pakistan reiterated its condemnation of terrorism in all its forms and manifestations. The spokesman said, " We reaffirm our resolve to fight terrorism ...

Envoy invites Osaka businessmen to explore Pak sports goods market ISLAMABAD: Pakistan's ambassador to Japan, Farukh Amil met the senior officials of Mizuno Corporation on Monday in Osaka and invited them to visit Sialkot for exploring potential of sports goods market for cooperation between the two countries.During his meeting with representative director of Mizuno Corporation Masaharu Kato and the top executives of the company, he apprise them of the potential of sports goods production in Pakistan.He invited them to visit Sialkot in particular where they ...

NAB arrests DRO, Tehsildar in illegal allotment of land case PESHAWAR: NAB Khyber Pakhtunkhwa today arrested accused Khalid Saleem Marwat District Revenue Officer, and Samiullah Tehsildar Abbottabad who fraudulently allotted 28 Kanal Land situated at Mauza Shahdhand Peshawar in favour of private person causing a loss of approximately 300 million to the national exchequer.During the course of inquiry it was revealed that the Government Land Measuring 28 Kanal situated at Mauza Shahdhand Peshawar was leased out for one year to Anwar Khan.After that one Fazal ...

Rs52bn allocated for Dasu Hydropower Project ISLAMABAD: The Government is focusing on developing additional resources of energy to overcome energy shortage in the country.For this purpose, it will invest 248 billion rupees on different power projects during the next financial year.According to Radio Pakistan quoting official sources that fifty-two billion rupees have been allocated for Stage 1 of Dasu Hydropower Project which will produce 2160 MW of electricity, twenty-one billion rupees have been earmarked for land acquisition and construction of Lot ...

PM grieved over loss of lives in Karachi, directs swift measures ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Monday expressed sorrow over loss of lives in Karachi due to extreme weather conditions and directed immediate medical relief to the affected persons.The Prime Minister directed National Disaster Management Authority (NDMA) to take swift measures for public relief.He also directed the Ministry of Water and Power to regularly update the Prime Minister's Office about the supply of electricity.He stressed raising awareness among general public about dealing with hot ...


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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
WeeklyJune 25, 2015
Reserves $17.457 bln