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2015 on track to beat 2014 as hottest year on record ISLAMABAD: The world faced the hottest May this year in 135 years and 2015 is on track to be the hottest on record, according to latest data from the US National Oceanic and Atmospheric Administration (NOAA).According to the NOAA report released, the global average temperature over land and ocean surfaces for May 2015 was the highest for the month since 1880, when the agency started maintaining records.In addition, the January-May global average temperature was also at a record high, reported.The temperatures in 2015 have surpassed what was recorded last year.During May, the average temperature across global land and ocean surfaces was 1.57?F (0.87?C) above the 20th century average. This was the highest for May in the 1880-2015 record, surpassing the previous record set in 2014 by 0.14?F (0.08?C).Secretary-general World Meteorological Organization Michel Jarraud warned that high impact weather and climate extremes are likely to occur with greater frequency and ...

Russian ambassador calls on Asif Zardari ISLAMABAD: Ambassador of Russian Federation in Islamabad Alexy Dedov Thursday called on Former President and Co-Chairman Pakistan Peoples Party (PPP) Asif Ali Zardari.Bilateral relations, regional situation and matters of mutual interest were discussed during the meeting, said a press release issued here by PPP Media Office.The meeting was also attended by Bilawal Bhutto Zardari, Senator Sherry Rehman, Senator Salim Mandviwalla, former Advisor Mustafa Khokhar, Ex MNA Palwasha Behram and spokesperson Senator Farhatullah Babar.The Russian Ambassador ...
PM orders suspension of death sentences during Ramazan ISLAMABAD: Prime Minister Muhammad Nawaz Sharif has directed that execution of death sentences, scheduled during the month of Ramazan, may be temporarily suspended to observe the sanctity of the holy month.Directions in this regard have been issued to the Ministry of Interior and provincial governments for ensuring implementation.Chairman Senate, Raza Rabbani had also spoken to the Prime Minister for halting executions during the holy month of Ramazan.Copyright APP (Associated Press of Pakistan), 2015 ...
PM condoles demise of former Turkish President Suleyman Demirel ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Thursday expressed deep condolences on the death of Turkey's former President Suleyman Demirel, on behalf of the people and government of Pakistan.In his separate messages to Turkish President Recep Tayyip Erdogan and Prime Minister Ahmet Davutoglu, he expressed deep sorrow and grief over the death the former Turkish President, said a PM House statement.Nawaz Sharif said that President Suleyman held an iconic stature in the political history of ...
Govt announces Rs1.3bn Ramzan Package ISLAMABAD: The government has announced Rs. 1.3 billion Ramzan Relief Package in order to provide quality essential commodities on subsidized rates during Ramazan.It is aimed at ensuring relief to people who will get these items on lower rates in holy mont as compared to the open market.Addressing a press conference on Thursday, Minister for Industries and Production, Ghulam Murtaza Jatoi said that under the package 18 daily used items would be provided on subsidized rates ...
No power outage during Sehr, Iftar, Traweeh: Khawja Asif ISLAMABAD: Minister for Water and Power, Khawja Asif on Thursday announced new timetable of load-management during holy month of Ramazan by ensuring uninterrupted supply of electricity to consumers during Sehr, Iftar and Traweeh.Addressing a press conference here, he said that Prime Minister Nawaz Sharif has directed to ensure hassle-free power supply to the consumers at `Iftar' and `Sehr' during the holy month of Ramazan.The Minister said that the power supply to industries will be suspended ...
Three nabbed on charges of Rs.120 mln corruption: NAB ISLAMABAD: The National Accountability Bureau (NAB), Karachi has arrested three persons for their alleged involvement in corruption worth Rs.120 million.The accused including former Tehsil Municipal Officer (TMO), Rehmatullah Memon, TMO (Current), Zahoor Ahmed Shahani, Engineer of Town Municipal Authority Sehwan, Idrees Memon and others committed corruption through withdrawal of illegal cheques and issued huge amounts to fake contractors and parties.The accused falsified accounts, made fake purchases, paid salaries to ghost employees and no work was ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln