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Politics & Policy


PM expresses grief over death of six minors in Lahore blaze; seeks report ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Sunday expressed grief and sorrow over the death of six siblings of a family in Shadbagh, Lahore short circuit incident.Seeking a report over the incident, he directed that action would be taken against those responsible for malfunctioning and delayed arrival of water bowsers on the venue.He asked the concerned authorities to upgrade the fire- fighting equipment and mechanism so that such like unfortunate incidents could be avoided in future.He extended condolences to the bereaved family and prayed that may Allah almighty bless the departed souls with eternal bliss and give courage to the family to bear this irreparable loss with fortitude. Copyright APP (Associated Press of Pakistan), 2015 ...

Energy crisis being resolved speedily: Shahbaz LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif said on Saturday that work is being carried out on war footings for resolving energy crisis. Talking to parliamentarians belonging to Jhang here, the Chief Minister said that sincere efforts are being made for ridding the country of quagmire of problems under the leadership of Prime Minister Muhammad Nawaz Sharif. He said that National Bank of Pakistan (NBP) and Habib Bank Limited (HBL) have given underwriting of Rs ...
Capable Pakistanis, resources can change nation's destiny: Shahbaz      LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif said on Saturday that there are internationally reputed bankers, capable engineers, doctors and investors in Pakistan that also has rich natural resources, which can change destiny of Pakistanis. Addressing a function arranged by Punjab Investment Board here, the Chief Minister stressed the need for collective work and effort for rapid development, asserting that local investors should make maximum investment and play their due role for changing destiny of ...
Azam Swati takes oath as Senator ISLAMABAD: Newly elected Senator Muhammad Azam Khan Swati on Friday took oath as member, Chairman Senate Mian Raza Rabbani administered oath.Following the oath taking ceremony, the newly elected member of the Upper House signed 'Roll of Members'.The Senate seat had been fallen vacant after the death of Azam Khan Hoti of Awami National Party (ANP).Azam Swati is provincial president of Pakistan Tehreek-e-Insaf (PTI). He was elected as a member of the Upper House of Parliament ...
Rs 160mn grant-in-aid for KWSB to provide water to Karachiites KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has approved Rs 160 million grant-in-aid for Karachi Water and Sewerage Board (KWSB) to supply water through 1000 tankers to the areas facing acute water shortage in the city.The decision was taken at a meeting held here on Thursday to discuss water shortage issue in Karachi and find out its solutions.The meeting chaired by the Chief Minister was attended by Minister for Information and Local Government Sharjeel ...
Khawaja strongly condemns Karachi incident ISLAMABAD: Federal Minister of Water, Power and Defence, Khawaja Muhammad Asif on Wednesday strongly condemned the tragic incident of karachi's firing on innocent citizens.Talking to a private news channel, he expressed deep grief and sorrow over the lost of precious lives of citizens.The Minister said that responsible of this incident would not escape from the grip of law and they would face the punishment of this brutality.He said that restoring peace throughout the country was ...
Punjab CM exempted from personal appearance in land compensation case LAHORE: The Lahore High Court Wednesday exempted Punjab Chief Minister Muhammad Shahbaz Sharif from personal appearance on May 14 in a land compensation case.However, the court asked chief secretary Punjab to appear in person on May 14 and satisfy the court regarding non-payment of compensation for acquiring land to a trust.Justice Ibadur Rehman Lodhi passed the orders while recalling an earlier order for personal appearance of Punjab Chief Minister in a land compensation case on ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln