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Explosion damages three shops PESHAWAR: At least three shops damaged when a low intensity explosion apparently caused by a cracker went off in Nasir Chowk here on Monday morning.According to Police, the blast occurred at congested Nasir Khan chowk in the limit of Kotali police station in interior City where luckily no person was present in the shops packed with blankets and woolen garments. No report of human losses has been reported.Police and Rescue 1122 rushed to the spot and started investigation. Copyright APP (Associated Press of Pakistan), 2014

Safar moon sighted KARACHI: The moon starting the Islamic month of Safar been sighted and the first of Safar will be on November 24.This was announced by the Chairman of Ruet-i-Hilal Committee, Mufti Muneeb-ur-Rehman here on Sunday.The meeting of the committee for sighting of the moon was held here at the Meteorological Complex.Copyright APP (Associated Press of Pakistan), 2014

PM expected to lay foundation stone of Hazara Motorway next week ISLAMABAD: Prime Minister Muhammad Nawaz Sharif is expected to perform ground-breaking ceremony of Hazara Motorway project on November 29.A 60-kilometre Hazara Motorway will be constructed at a cost of Rs 31 billion. The four-lane road will be a part of Pak-China Economic Corridor agreement and it will reduce 30 minutes of drive time from Islamabad to Havelian.Under the agreement, a Dry Port will also be constructed at Havelian. After the completion, the project would usher ...

Air Chief expresses grief on demise of noted educationist ISLAMABAD: Air Chief Marshal Tahir Rafique Butt, Chief of the Air Staff, Pakistan Air Force on Sunday expressed deep sorrow and grief on the sad demise of former principal of PAF Public School Sargodha Abdul Rehman Qureshi who breathed his last on Saturday night after prolonged illness.His funeral was held at PAF Public School Sargodha followed by burial at the graveyard of PAF Base, Mushaf (Sargodha). Air Chief Marshal Tahir Rafique Butt and a large ...

KU extends date for B.A., B.Com. exam forms KARACHI: The University of Karachi (KU) has extended the date for the submission of annual examination forms without late fee till December 5, 2014 for B.A., B.Com. Private, BOL and Improvement of Division.According to KU Director Examinations Prof. Dr. Arshad Azmi, the examination forms for B.A. can be submitted with Rs 3,075 fee for first/ final year, and with Rs 5,500 for combined, while the forms for B.Com can be submitted with Rs 3,900 fee ...

Govt struggling to provide quality education: Khawaja Asif SIALKOT: Federal Minister for Defence, and Water and Power Khawaja Muhammad Asif on Saturday voiced for equal educational opportunities for all.He expressed these views while addressing the laptop distribution ceremony being held at Govt Allama Iqbal Girls College."The Constitution provides a guarantee to all people to get education and they have the right to get equal education," he said.He said to develop a society, same opportunities should be provided to all for getting quality education."The ...

SECP committed for developing Islamic financial sector ISLAMABAD: In order to develop a robust takaful sector, the Securities and Exchange Commission of Pakistan (SECP) has allowed M/s SPI Insurance Company Limited, formerly known as Saudi Pak Insurance Company Limited, to start window takaful operations.The initiative would help meet the risk mitigation needs of the masses and develop the Islamic financial sector, said SECP press statement issued here.Previously, two conventional insurance companies were allowed to transact takaful business through window operations.Now the takaful ...


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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