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Melting of snow triggers flood in upper valleys HUNZA: Extreme temperature in the upper valleys caused melting of snow triggered floodwater which badly affected several villages here Wednesday.According to police control room the villages including Fihkar, Upper Nagar, Nilt, Sikander Abad and Nasir Abad were badly affected by the torrential floodwater which swept dozens of houses and trees.District Disaster Management Authority (DDMA) warned the local people to keep themselves away from the flooded streams and rivers.Copyright APP (Associated Press of Pakistan), 2013 ...

Karachi police arrest 65 accused in last 24 hours KARACHI: The Karachi police in their drive against criminals, arrested 65 accused from different areas of the metropolis during the past 24 hours.A police statement on Wednesday said that those arrested include 13 absconders and those allegedly involved in cases of murder, dacoity and other crimes.It said that 23 weapons of different calibres were also recovered from those arrested.As many as 13 people were killed in the metropolis in different incidents during the last 24 ...
Government to enhance defence production export capacity: Tanveer ISLAMABAD: Federal Minister for Defence Production Rana Tanveer Hussain has said the country's defence products has gained international recognition and Federal government would endeavour to seek fresh markets and thereby increase its defence exports.He axpressed these views during the visit to Pakistan Ordnance Factories (POF). The Minister said necessary funds would be released during next fiscal year for POF to enhance its production capacity further.The Minister said that due to lower cost and high standard, ...
History being repeated against MQM: Altaf KARACHI: Muttahida Quami Movement (MQM) Chief Altaf Hussain on Wednesday said June 19, 1992 is the blackest day of the history of Pakistan and the same horrifying historical chapter is being replicated. Addressing the 21st death anniversary of martyrs of June 19, 1992 on Wednesday, he said thousands of Muttahida workers were extra-judicially murdered this day in the worst state operation, adding the same history is being repeated on the same day. Paying tributes to the martyrs ...
Pakistan discovers new gas reserves in Sindh KARACHI: Huge reserves of natural gas have been discovered in Sindh as Pakistan struggles to overcome crippling energy crisis.According to reports, 39 million cubic feet gas reserves have been discovered during the drilling of wells in Sanghar. The reports said 65 percent shares of the field are owned by the PPL.According to initial estimates, 106.8 million cubic feet natural gas would be produced per day. Seventy percent of natural gas reserves in Pakistan are located ...
Imran urges drone action as he becomes MNA ISLAMABAD: Imran Khan on Wednesday urged the government and military leaders to build a strategy to halt US drone attacks in the country's northwest as he was sworn into parliament.Khan, the head of the Pakistan Tehreek-e-Insaaf (PTI) party which made a major breakthrough at the May 11 general election, is a vocal opponent of the missile attacks targeting militants.The 60-year-old was unable to take the oath with other lawmakers on June 1 as he was ...
Iran, a shining example of brave, wonderful nation: Senator ISLAMABAD: Senator Col Syed Tahir Hussain Mashhadi (Retd) of Muttahida Qaumi Movement (MQM) said on Tuesday that Iran is a shining example of brave and wonderful nation in the world.Talking to IRNA Senator Hussain Mashhadi congratulated the President-elect of the Islamic Republic of Iran, Dr. Hassan Rohani on his victory in election."I congratulate Rohani on behalf of people of Pakistan and my party Muttahida Qaumi Movement," he said.The political leader said messages of facilitations to ...

 



 
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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%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln