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Dollar rises on return of calm in markets, US data NEW YORK: The dollar gained for a fourth straight session on Friday, buoyed by calmer financial markets and generally positive US data that supported the notion that the world's largest economy was on a stable growth path.The dollar index, a gauge of the greenback's value against six major currencies, had bounced back from seven-month lows struck on Monday and was on track for its largest weekly gain in a month. "Overall, markets are finally starting to calm down and the economic data is relatively supportive of the dollar," said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York. "Once the panic is out of financial markets, what you will see is that the underlying growth in the US remains on target. Even if there is no action in September, the Fed remains on target with regard to tightening monetary policy." Some Federal Reserve officials on ...


Wild week for markets set to end quietly NEW YORK: A white-knuckle ride for global markets this week looked set to end with a whimper on Friday as lingering worries over Chinese economic growth and the Federal Reserve's plans to raise interest rates weighed on stocks, but oil rebounded on a strengthening US economy.The market turmoil should not delay the Fed from raising interest rates at least once, as the global equities rout and China's slowdown have had little effect on the US ...

Finance Minister chairs meeting on IT issues ISLAMABAD: Minister for Finance, Senator Mohammad Ishaq Dar Friday chaired a meeting to devise a mechanism for resolving issues of Ministry of Information Technology about outstanding payments to Universal Service Fund.Minister of State for Information Technology Ms. Anusha Rehman Khan was also present in the meeting.Auditor General of Pakistan, Rana Assad Amin briefed the Minister that a fair, transparent and efficient mechanism has been envisaged to resolve the issue on permanent basis.Minister of State for ...

Aziz condemns killing of civilians in Indian firing on working boundary ISLAMABAD: Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz Friday condemned unprovoked Indian firing on the Working Boundary resulting in deaths of six innocent civilians and injuries to 47 others.The firing occurred in Harpal and Chaprar Sectors in which innocent civilians including women and children were killed.He has conveyed his heartfelt condolences to the bereaved families and prayers for the quick recovery of the injured. The Adviser has also expressed ...

Maleeha highlights Pakistan's investor-friendly policies as she rings N.Y. Stock Exchange's opening bell NEW YORK: Pakistani Ambassador to the United Nations, Dr. Maleeha Lodhi, Friday rang the opening bell at the NASDAQ Stock Exchange in New York to signal the ceremonial start of trading, saying Pakistan's economy is on the upswing as it pursues liberal economic and investor-friendly policies. "We are open to business, and we are open to foreign investment," she told traders and investors, gathered at the impressive ceremony held in NASDAQ's office in New York's ...

COAS inquires after health of Indian shelling victims SIALKOT: Chief of the Army Staff (COAS) General Raheel Sharif Friday visited the Combined Military Hopsital (CMH) here and inquired after health of those injured by unprovoked Indian shelling in the border villages.According to senior officials of the Punjab Rangers, the COAS expressed solidarity with the affected villagers, besides paying rich tributes to their resilience and spirit.Talking to villagers, the COAS said the entire nation stood united along with the armed forces in defending the ...


 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln