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Pakistan economy witnessing a turnaround: PM ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Monday said Pakistan's economy is witnessing a turnaround with key indicators showing improvment while operation against terrorism is also achieving success.He was talking to German Foreign Minister Dr. Frank Walter Steinmeier who called on him at the PM House.During the meeting, matters relating to bilateral and regional interest with particular focus on peace and stability in the region were discussed, said a press release.The Prime Minister recalled his visit to Germany in November last year and his meetings with Chancellor Angela Merkel.Sharif said he had already directed the concerned authorities to follow the mutually agreed areas of cooperation that were discussed during his visit, particularly bilateral trade and investment.The Prime Minister thanked Germany for supporting Pakistan on the GSP Plus status given by the European Union (EU).Dr. Frank Walter Steinmeier said that bilateral relations between the two countries were improving and cooperation in the ...

New PMDC legislation to provide quality medical education: Saira Afzal ISLAMABAD: Minister of State for National Health Services, Regulations and Coordination, Saira Afzal Tarar has said that the new management committee has been given full powers in order to ensure transparency and merit.The government will take all measures for the betterment and well being of the people and medical profession. New management committee will primarily focus on transparent election and will give a road map in next two weeks, she said while addressing a press ...

Finance Minister reviews arrangements for PMIC ISLAMABAD::Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting on Monday at the Finance Division to review the proposal for the establishment of Pakistan Microfinance Investment Company.Secretary Finance Dr. Waqar Masood Khan briefed the Minister about the proposal, according to a statement issued by Ministry of Finance.He said that according to estimates given by DFID, Pakistan's micro financing needs will grow manifold by 2018 from the current Rs. 18 billion catered to by ...

Sartaj urges international community to devise strategy against violent extremism SLAMABAD: Adviser to Prime Minister on National Security and Foreign Affairs Monday said that ongoing operation Zarb-e-Azb has broken the back of terrorists, urging the international community to join hands for developing a coherent strategy to counter violent extremism.Addressing a joint news conference with visiting German Foreign Minister Dr Frank-Walter Steinmeier at the Foreign Office, Sartaj Aziz said that Pakistan was still paying a heavy price in fighting the menace of terrorism that also continued ...

Taliban say they concealed Omar's death till foreign forces left KABUL: The Taliban Monday admitted covering up longtime leader Mullah Omar's death for two years, saying they had wanted to keep it secret until foreign forces ended their fight against the militants.The group confirmed in July that Omar had died without saying when, deepening internal divisions with many insurgents accusing the leadership of keeping them in the dark while issuing statements in his name.The admission of a cover up was buried in a lengthy biography ...

Refugee crisis tests Europe's core ideals says Merkel BERLIN: German Chancellor Angela Merkel said Monday that the refugee crisis facing Europe is testing the core ideals of universal rights at the heart of the European Union."Universal civil rights have been closely linked with Europe and its history as a founding impetus of the European Union," she said."If Europe fails on the question of refugees, if this close link with universal civil rights is broken, then it won't be the Europe we wished for," ...


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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