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Iran nuclear deal will 'fuel terrorism': Netanyahu FLORENCE: The deal to curb Iran's nuclear programme will bolster Tehran's ability to fund global terrorism by providing the Islamic state with "billions of dollars" in sanctions relief, Israeli Prime Minister Benjamin Netanyahu declared Saturday."Iran will get hundreds of billions of dollars from sanctions relief and investments to fuel its aggression and terrorism in the Middle East and North Africa and beyond," Netanyahu -- who is bitterly opposed to the deal agreed by Iran and world powers in July -- said during a visit to the Italian city of Florence.The Israeli leader is on a tour of Italy -- his first major overseas visit since being re-elected in June.Speaking ahead of a meeting Saturday evening with his Italian counterpart Matteo Renzi he compared the threat posed by the Islamic State jihadist group with the "far more serious threat...posed by another Islamic state, the Islamic state of Iran and specifically its ...

Pakistan will continue to respond to India border attacks: minister SIALKOT: Pakistan will respond "with full force" if India continues to target the civilian population, Islamabad's defence minister said Saturday, after 13 people died when rivals traded fire across their disputed border.Nine died near the city of Sialkot in Punjab province, and more than 40 were wounded on Friday, less than a week after high-level talks were aborted amid a row over Kashmir.India said at least four villagers were killed in occupied Kashmir by Pakistani ...

Iran's Rouhani urges patience over opposition leaders TEHRAN: Iran's President Hassan Rouhani signalled Saturday there would be no quick resolution to the house arrest of the reformist political leaders who said an election was rigged in 2009.Though not mentioned by name, the house arrest of Mir Hossein Mousavi and Mehdi Karroubi was raised at a press conference to mark the start of Rouhani's third year in office.Mousavi and Karroubi have been under such restrictions since 2011. Both said that the presidential election ...

The Fed won WASHINGTON: Federal Reserve Vice Chairman Stanley Fischer warned Saturday that the US central bank will not wait for inflation to hit two percent before raising interest rates.In a speech at a conference on monetary policy in Jackson Hole, Wyoming, the Fed's number two said: "We should not wait until inflation is back to two percent to begin tightening."He added, however, that the Fed needed to "consider the overall state of the US economy as well ...

China premier insists economy 'within appropriate range' BEIJING: Chinese Premier Li Keqiang has issued assurances over his country's economy after global markets were roiled by concerns over its slowing growth, state media reported on Saturday.Top global markets ended the week Friday largely recovered from China-induced panic selling, but market watchers remain worried the turmoil in the world's number two economy will drag down global growth.However, a report by the official news agency Xinhua quoted Li as saying "the Chinese economy is operating ...

UN teams visit border villages SIALKOT: A team of United Nations (UN) observers in Pakistan visited the border villages in Sucheetgarh and Charwah Sectors along the Sialkot Working Boundary here Saturday. According to DCO Dr. Asif Tufail, the UN Observes met with the Indian-shelling-affected people and they sought details from them about the recent spells of Indian heavy shelling, which caused big losses of their properties and cattle. The UN observers also met with the families of martyred Pakistani civilians ...


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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