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Turkish President makes stopover, meets PM Sharif ISLAMABAD: Turkish President Recep Tayyip Erdogan Saturday was accorded a red carpet welcome as he made a brief stopover here on his way back from Indonesia. As the Turkish President landed at Nur Khan Airbase along with his spouse and delegation, he was received by Prime Minister Muhammad Nawaz Sharif and Begum Kulsoom Nawaz. Chief Minister Punjab Shahbaz Sharif, Advisor on National Security and Foreign Affairs Sartaj Aziz, Finance Minister Ishaq Dar, Defence Minister Khawaja Asif, Special Assistant to PM Tariq Fatemi, Maryam Nawaz and Foreign Secretary Aizaz Chaudhry were also present to receive the guests. Clad in traditional dresses, a boy and a girl presented bouquets to the diginatory. He was saluted by the static guards of the Pakistan Air Force.Later, President Erdogan and PM Nawaz Sharif held a one-on-one meeting to discuss the enhancement of bilateral relations, besides global and international issues of mutual interest. Prime Minister Nawaz ...

No flood threat in Sindh: Khuhro HYDERABAD: Senior Minister for Information and Irrigation Sindh, Nisar Ahmed Khuhro has said that there was no flood threat in Sind province because the flow of water was low in Indus River as compared to 2010.He was addressing a press conference held at Kotri Barrage after visiting the embankments of Indus River and other arrangements made by concerned departments in connection to expected floods."In 2010, there was 1.2 to 1.3 million cusec water which passed ...

Kerry in Egypt on first leg of Mideast tour CAIRO: US Secretary of State John Kerry flew to Egypt on Saturday to relaunch a strategic partnership with Washington's longtime ally, at the start of a regional mini-tour, a correspondent said.He is also due in Qatar on Monday to meet his Arab counterparts in the Gulf to try to ease their concerns over the Iran nuclear deal.Kerry's trip, which ends on August 8, will not include Israel, one of Washington's closest allies and a fierce ...

Dar appreciates SECP on achieving compliance with IOSCO ISLAMABAD: Minister for Finance Ishaq Dar Saturday commended Securities and Exchange Commission of Pakistan (SECP) on its landmark achievement of compliance with the International Organization of Securities Commissions (IOSCO) Principles for securities regulation.Zafar Hijazi, Chairman SECP here presented the report published by the IOSCO to the Finance Minister.The report recognized that SECP has made a significant progress in adopting the internationally set principles for capital markets.The Finance Minister congratulated SECP on achieving this important milestone ...

White House says circumstances of Taliban leader's death remain uncertain WASHINGTON: The White House said on Friday the US intelligence community has confirmed the death of Afghan Taliban leader Mullah Omar, but the circumstances of his death remain uncertain.The White House said in a statement that his death "represents a chance for yet more progress on the path to a stable, secure Afghanistan."Afghanistan said on Wednesday that Omar, the elusive leader of the Taliban movement fighting to topple the government, died more than two years ...

Taliban deny reports of Haqqani network founder's death KABUL: The Taliban Saturday denied reports of the death of the founder of Haqqani network.Some Pakistani media reported the death of Jalaluddin Haqqani, said to be in his 70s, on Friday when his son Sirajuddin was announced as one of the deputy chiefs of the Taliban following the death of its longtime leader Mullah Omar."Some media outlets spread reports... about the death of a distinguished personality... Jalaluddin Haqqani," the Taliban said in a statement posted ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln