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FWBL & SLIC ink strategic partnership agreement KARACHI: The First Women Bank Limited (FWBL) and State Life Insurance Corporation (SLIC) have entered into a strategic partnership to sell insurance products under Bancassurance.An official of the FWBL said that the First Women Bank, the only bank for women in the country, has a network of 41 branches in 24 cities of Pakistan while SLIC is the largest life insurance Corporation operating in Pakistan, having 65% market share. It also operates in Gulf countries.The agreement was signed by President FWBL, Ms. Shafqat Sultana, and General Manager Bancassurance SLIC Irfan Baloch at a ceremony held at State Life Head Office here on Thursday.GBA Services, SLIC's exclusive Third Party Administrators (TPA) for Bancassurance will provide technical, marketing/ advertising support including state of the art online Point of Sales (POS) System for instant coverage to FWBL customers, new product development, and staff training.Copyright APP (Associated Press of Pakistan), 2013


Karachi police arrest 25 accused in last 24 hours KARACHI: The Karachi police in their drive against criminals, arrested 25 accused during the past 24 hours.A police statement on Thursday said that those arrested included two absconders.It said that 11 weapons of different calibres were also recovered from those arrested.The police in two encounters with alleged criminals, arrested four accused and recovered six pistols.Action was initiated against 38 persons for violating the ban on pillion riding and fancy number plates on vehicles.Copyright APP (Associated ...

Police conducts search operation for recovery of Ali Haider Gillani NOWSHERA: Police here Thursday conducted search operation for the safe recovery of Ali Haider Gillani, son of former Prime Minister Yousaf Raza Gilani who was kidnapped by unknown gunmen from Multan on May 9.Rokhan Zaib Khan, Station House Officer, Akora Khattak police station who supervised the operation told APP that search operation was conducted at Mera Misri Banda in the limits of Akora Khattak police station after receiving information about presence of Ali Haider Gilani.He ...

Tribesman killed in Mir Ali blast MIR ALI, NORTH WAZIRISTAN: A tribesman was killed in a low intensity blast in the weapons market of Mir Ali town here on Thursday.Rahimdal Khan, Political Tehsildar Spinwarm told APP that the fire broke out in a arms/ammunition shop after a bomb planted to it by unknown miscreants blasted in the weapons market in Mir Ali town at 8:30 pm.As a result, tribesman Noor Azam Mehsud died on the spot and three others injured.He said ...

Establishment of peace, top priority of JUI-F: Fazalur Rehman PESHAWAR: Central Ameer Jamiat Ulma-e-Islam (JUI)-F, Maulana Fazal-ur-Rehman Wednesday said that establishment of peace is on the top of our priority list and focus would be made to steer the country out of existing crisis. Expressing views in a party meeting at district Charsadda, the JUIF Chairman said that we are not interested in portfolios rather progress and prosperity of the country is our priority. He said that we would fulfill pledges made ...

Karachi police arrest 61 accused in last 2 days KARACHI: The Karachi police in their drive against criminals, arrested 61 accused during the past two days. A police statement on Wednesday said that those arrested included six absconders. It said that 29 weapons of different calibres were also recovered from those arrested. The police in an encounter killed one alleged dacoit and arrested five. Action was initiated against 26 persons for violating the ban on pillion riding. Copyright APP (Associated Press of ...

Interim govt committed to maintain peace: Habib ISLAMABAD: Caretaker Federal Minister for Interior, Malik Habib Wednesday said that caretaker government was committed to maintain peace and tranquility in the country. The government was coordinating with all provinces to maintain law and order situation across the country, he said.Talking to a private TV channel, Malik Habib appreciated the performance of law enforcement agencies during electoral process. He said that media played positive role to build up confidence of people, adding that maximum people ...


 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln