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'Premature' to talk of US troop cuts in Asia: Kerry WASHINGTON: Secretary of State John Kerry said Friday it was too early to discuss cutting the number of US troops stationed in Asia and South Korea, amid increased tensions on the heavily guarded peninsula.Speaking after talks with his South Korean counterpart Yun Byung-se, Kerry told reporters "it would be way too premature to have any thought of, or even discussion" about troop reductions, saying there first had to be real talks with North Korea over its suspect nuclear program.Copyright AFP (Agence France-Presse), 2014


Growing supply pushes December prices sharply lower MILAN: Asian spot liquefied natural gas (LNG) prices dropped this week as scarce demand, rising supplies and continuing weak crude oil markets put off hopes of a winter rally. Prices slipped around 80 cents to $13.60 per million British thermal units (mmBtu) for December delivery, compared with last week, as a limited pool of buyers encountered rising supply. Weak crude oil prices around $85 a barrel threaten to drain liquidity from spot LNG markets in ...

ECB may struggle to buy enough corporate bonds LONDON: Any extension of the European Central Bank's asset-purchase scheme to include company debt risks running into a familiar problem - the ECB may not being able to buy enough of them to make a difference. A wave of enthusiasm spread over financial markets on Tuesday after Reuters reported, citing sources close to the situation, that the ECB might decide as soon as December to start buying corporate bonds to complement its covered bonds and ...

Protest demonstration, sit-ins halt economic activity: Dastagir ISLAMABAD: Minister for Commerce, Khurram Dastagir Khan has said that protest demonstration and sit-ins launched by Pakistan Tehrik e Insaf had halted economic activity and foreign investment.Talking to a private television channel, he said that President of China could not visit Pakistan due to protest demonstration and sit-ins started by Pakistan Tehrik e Insaf.He said that China wanted to invest in the energy sector of Pakistan.He said that there is need to revive investors confidence ...

Pak, Sweden economic coop fruitful for mutual benefit: Nayyer ISLAMABAD: Chairman Senate, Syed Nayyer Hussain Bokhari on Friday emphasized that Pakistan and Sweden need to further strengthen political contacts and fruitful economic cooperation for mutual benefit of two sides.He expressed these views in a meeting with Speaker of Riksdag (Swedish Parliament), Urban Ahlin in Stockholm, Sweden.Chairman Senate along with four members delegation of Senators is visiting Sweden on the invitation of Speaker of Swedish Parliament.He underscored the need for enhanced bilateral trade between the ...

President urges youth to work for progress, prosperity of country BAHAWALPUR: President Mamnoon Hussain Friday urged the youth to work hard for progress and prosperity of the country and value the freedom achieved after many sacrifices.Addressing the 7th Convocation of the Islamia University of Bahawalpur here the President said Pakistani youth were very talented and new opportunities were waiting for them in future.He said that terrorism had caused heavy loss to Pakistan and all measures would be taken for its complete eradication.He said Pakistanis were ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln