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It is not fair to drag PM in every matter: Raja Zafar-ul-Haq ISLAMABAD: Leader of the House in Senate Raja Zafar-ul-Haq said on Thursday that it was not fair to drag Prime Minister Nawaz Sharif in each and every matter. He was responding to a point of order raised by Senator Sehar Kamran. Sehar Kamran while referring to media reports with regard to probe by NAB against her in the alleged corruption and embezzlement in the form of fees at the Pakistan International School Jeddah, said that a campaign was being launched against her by the government. She claimed that the Prime Ministers son was involved in the matter adding that she was unable to understand as why it was being was done. Upon this Raja Zafar-ul-Haq said that it was not right to drag Prime Minister in every matter. I condemn the act of involving Prime Minister in such an issue, he said. Earlier, the House offered Fateha for the soldiers, ...


Wall St flat after GDP, but Visa lifts Dow NEW YORK: US stocks were mostly flat on Thursday, as a strong read on third-quarter economic growth raised new questions about monetary policy, though strong results at Visa single-handedly put the Dow in positive territory. Gross domestic product grew at a 3.5 percent annual rate in the third quarter, beating expectations, though down from the 4.6 percent rate in the second quarter. The data came a day after the Federal Reserve ended its stimulative bond-buying ...

ECB says to start ABS purchases in November FRANKFURT: The European Central Bank is seeking help from four major asset managers to carry out purchases of securitised private debt, which it expects will start in November as a key part of its stimulus measures to stave off deflation. The ECB said on Thursday it had chosen Deutsche Bank, ING, State Street and Amundi to support its efforts to buy asset-backed securities (ABS)."The executing asset managers' role will be to conduct the eligible ABS ...

IMF sees large financing needs next year for Ebola-hit countries WASHINGTON: The International Monetary Fund foresees large financing needs next year in the three West African countries hardest hit by the outbreak of the deadly Ebola virus. "The outlook for the Ebola-hit countries has worsened, with large financing needs likely for 2015," IMF spokesman Gerry Rice told reporters, referring to Guinea, Liberia and Sierra Leone. He said the Fund was still assessing what that would mean for its response. The IMF in September approved $130 ...

Pakistan among economies implementing regulatory reforms for doing business ISLAMABAD: Pakistan is among the four out of eight economies in South Asia which implemented at least one regulatory reform, making it easier for local entrepreneurs to do business in 2013-14, according to a new World Bank Group report.According to the World Bank report Doing Business 2015: Going Beyond Efficiency, three countries-Bangladesh, Nepal, and Pakistan-focused their efforts on adopting modern electronic systems to facilitate business activity.Bangladesh and Pakistan made trading across borders easier by implementing ...

Nisar assures inquiry into baton charge on ODGCL employees ISLAMABAD: Reiterating the government's resolve to protect rights of labour class in the country, Interior Minister Chaudhry Nisar Ali Khan on Thursday assured National Assembly to hold inquiry into the incident of baton charging the workers of Oil and Gas Development Corporation Limited. Replying to points of order by Leader of the Opposition, Syed Khursheed Shah and MNAs Jamshed Dasti and Rasheed Godal, the minister said, protest was just right of the OGDCL workers and ...


 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln