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Four bullet riddled bodies found in Risalpur PESHAWAR: The bodies of four persons killed by gun shots were found dumped in gunny sacks in Risalpur area of Nowshera district here on Tuesday.According to police, the bullet riddled bodies of the four persons aging from 20 to 30 years were found dumped in Bara Banda area of Risalpur tehsil. The deceased were identified as Asghar Ali, Noor Rehman, Irshad Ali and Mushtaq Ali.Police said Asghar Ali, Noor Rehman and Irshad Ali belonged to Mardan district while Mushtaq Ali was a resident of Swabi.The postmortem of all bodies was carried out at District Headquarters Hospital Nowshera. The postmortem confirmed that all the four persons were shot dead from a close range.Copyright APP (Associated Press of Pakistan), 2014

US drone hits 'counterproductive' in fighting terrorism, and must end: Pakistan UNITED NATIONS: Reaffirming its stand that US drone strikes were counterproductive in combating terrorism, Pakistan on Monday called for an immediate end to such attacks on its soil to avert more civilian deaths and injuries."The use of armed drones against Pakistan's tribal territory violates international law by infringing our sovereignty and territorial integrity," Ambassador Masood Khan, Pakistan's permanent representative to the UN, told the General Assembly's Third Committee, which deals with social, humanitarian and cultural ...

Bomb targeting school bus kills two in Nisti Kot PESHAWAR: An 11-year-old boy died in a bomb attack on a school bus in Nisti Kot tribal area, which also killed the driver, officials said on Tuesday. The bombing took place in the Nisti Kot area of the Upper Kurram tribal district."An 11-year-old boy and the driver of the school van were killed when a bomb planted on a roadside exploded," local government official Shahid Ali told AFP.A seven-year-old girl was also wounded, he said, ...

Musharraf warns of proxy war with India in Afghanistan KARACHI: The departure of Nato combat forces from Afghanistan could push India and Pakistan towards a proxy war in the troubled state, Pakistan's former military chief General Pervez Musharraf warned in an interview with AFP.Pakistan's support is seen as crucial to Afghan peace as US-led forces pull out by the end of this year after 13 years battling the Taliban.But the former strongman said calming tension between India and Pakistan -- running high at the ...

Govt determined to materialize Vision 2025: Ahsan Iqbal ISLAMABAD: Federal Minister for Planning, Development and Reform, Professor Ahsan Iqbal said Monday that government was determined to accomplish its economic agenda by materializing Vision 2025.He was talking to a high level delegation, led by Former British Foreign Secretary and President and CEO of IRC, which called on the minister here.The minister said the vision was drawn up after consultation with a wide range of stakeholders, including parliamentarians, representatives of political parties, federal ministries, provincial ...

LSE gains 1.41 points LAHORE: Lahore Stock Exchange on Monday witnessed bullish trend by gaining 1.41 points as the LSE-25 Index opened with 5334.71 and closed at 5336.12 points. The market's overall situation also correspond to an upward trend as it remained at 2.025 million shares to close against previous turnover of 595,200 shares, showing an upward move of 1.429 million shares. While, out of the total 102 active scrips, 23 moved up, 63 remained equal with 16 shed ...

SC accepts review petition against dismissal of Gas Infrastructure Development charges ISLAMABAD: The Supreme Court on Monday accepted the federal government's review petition against its decision regarding dismissal of Gas Infrastructure Development charges.The three-member bench headed by Chief Justice Nasir-UL-Mulk comprising Justice Gulzar Ahmed and Justice Mushir Alam accepted the petition for preliminary hearing and issued notices to respondents.During course of proceedings, Attorney General Salman Aslam Butt told the bench that the development charges tax was imposed for the development of gas infrastructure in the country ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln