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Media playing an important role in national development: PM ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Thursday said the government believes in freedom of media and is playing a key role in national development and safeguarding of national interests.He was talking to Special Assistant on National Affairs Irfan Siddique, who is also heading the committee to formulate a Code of Ethics for the Media, here at the PM House.The Prime Minister termed the consensus on the Code of Ethics for electronic media as a positive development.He appreciated the performance of the Committee and expressed the hope that serious efforts would be made to implement it.The Prime Minister said media's role in countering terrorism, sectarianism and extremism was of vital importance.SAPM Irfan Siddique briefed the Prime Minister about the new Code of Ethics.Copyright APP (Associated Press of Pakistan), 2015 ...

'Pakistan believes in peace but knows how to defend itself': Asif ISLAMABAD: Defence Minister, Khawaja Muhammad Asif has said Pakistan believed in peace but knows how to respond to any aggression.Talking in a programme of Radio Pakistan, he said we wanted peace but would inflict heavy losses on India if war hysteria overcame its leadership.Commenting on Indian Army Chief's statement that his forces should be ready for a short war, he said Pakistan was fully prepared to give a befitting response if India imposed short or ...
Qasim Zia's bail application adjourned till 7th LAHORE: A Lahore High Court division bench on Wednesday adjourned hearing of bail application filed by PPP leader Qasim Zia in a Rs 80 million scam after the National Accountability Bureau's (NAB) counsel sought time to file reply.The bench comprising Justice Muhammad Tariq Abbasi and Justice Sardar Ahmad Naeem heard the matter.During the hearing, NAB's counsel submitted that Qasim Zia was involved in the scam and solid evidence was available against him. However, he requested ...
Abdul Hafeez Pirzada passes away ISLAMABAD: Former Law Minister Abdul Hafeez Pirzada has died in a hospital in London. He was eighty.Abdul Hafeez Pirzada is credited to have authored the 1973-constitution, Radio Pakistan reported.Copyright APP (Associated Press of Pakistan), 2015 ...
Raza Rabbani condoles demise of Hafeez Pirzada ISLAMABAD: Acting President Mian Raza Rabbani has expressed deep grief and sorrow over the sad demise of eminent advocate and author of the 1973 constitution, Abdul Hafeez Pirzada.In his condolence message, the Acting President stated that the services of Abdul Hafeez Pirzada as a legal luminary and his role as one of the prominent figures in framing the 1973 constitution would forever be remembered.The Acting President telephoned the widow and son of Abdul Hafeez Pirzada ...
Two arrested for cheating in housing scheme case ISLAMABAD: National Accountability Bureau (NAB) has arrested Owner/Director of Nadeem Housing Enterprises and Ex-Director of Nadeem Housing Enterprises, Karachi in a case of cheating public at large.As per details here on Wednesday, Nadeem Housing Enterprises launched a project in 1992 namely "Gulshan e Tauheed" in Manghopir, Scheme 43, Karachi and collected millions of rupees but the poor allotees have not been given possession and lease of their land till yet.Furthermore, a large number of duplicated ...
President Mamnoon condoles demise of Hafeez Pirzada BEIJING: President Mamnoon Hussain on Wednesday expressed profound grief over the demise of renowned advocate Abdul Hafeez Pirzada who breathed his last in London.In a message from Beijing, President Mamnoon said Abdul Hafeez Pirzada said played a pivotal role in the forumlation of the 1973 Constitution and added his contributions in this regard would always be remembered.The President also prayed to Allah Almighty to shower his blessings on the departed soul and for courage to ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln