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USIP delegation meets Ishaq Dar ISLAMABAD: Chairman, Board of Directors, United States Institute of Peace (USIP), Stephen Hadley called on Finance Minister Senator Mohammad Ishaq Dar here on Monday and discussed matters of mutual interest.He was accompanied by Andrew Wilder, Ms Aysha Choudhry and Moeed Yousuf, senior officials of USIP.Ishaq Dar briefed the delegation about state of economy in Pakistan saying that having defeated the default theory and achieving economic stability in the first two years of government, "We are now focusing on growth and job creation. We wish to consolidate on our gains and keep up the pace of economic development."He said Pakistan has achieved 33 percent growth in revenue generation in the last two years and over four percent GDP growth in each of the last two years."We have brought down the budget deficit from as high as 8.8 percent in June 2013 to around 5 percent by June 2015", he added.Due focus ...

Pakistan condoles demise of former Indian President ISLAMABAD: Pakistan on Monday expressed condolences on the demise of Dr. A. P. J. Abdul Kalam, former President of India."Dr. Kalam will be remembered for his meritorious services for his country," a statement from the Foreign Office said."May Allah Almighty rest the departed soul in peace and give fortitude to the bereaved family to bear this irreparable loss," the statement said.Copyright APP (Associated Press of Pakistan), 2015

LHC forms full bench to hear plea against Altaf Hussain LAHORE: Lahore High Court Chief Justice Manzoor Ahmad Malik on Monday constituted a full bench to hear a petition for directions to lodge a treason case against MQM Chief Altaf Hussain.The three-member bench will comprise Justice Syed Mazahar Ali Akbar Naqvi, Justice Mazhar Iqbal Sidhu and Justice Erum Sajad Gull.Earlier, Justice Mazahar Ali Akbar had recommended the formation of larger bench declaring the matter as sensitive. Copyright APP (Associated Press of Pakistan), 2015

Zubair urges PTI to come forward for achieving progress in country ISLAMABAD: State Minister for Privatization, Muhammad Zubair on Monday urged the political parties particularly Pakistan Tehrik e Insaf (PTI) to come forward for achieving progress and development in the country."We should go forward for improving the system and better working of the institutions," he stated this while talking to a private news channel.He said that Judicial Commission was formed after the demand of Pakistan Tehrik e Insaf and added that PTI could not prove their ...

IHC reserved judgment over non-bailable arrest warrants of Gen. Musharraf ISLAMABAD: A single bench of the Islamabad High Court (IHC) on Monday reserved judgment over non-bailable arrest warrants issued by Kamran Basharat Mufti, District & Session Judge Islamabad against General (Retd) Pervez Musharraf in Abdul Rasheed Ghazi murder case.A single bench of Justice Aamir farooq reserved the judgment after hearing the litigants arguments is an appeal filed by former president General (Retd) Pervez Musharraf against his arrest warrants.During the course of proceedings, Malik Tahir Mahmood, ...

PTI should accept GEIC decision, avoid levelling allegations: Abid ISLAMABAD: Minister of State for Water and Power Abid Sher Ali on Monday urged Pakistan Tehrik-e-Insaf to accept the decision of the General Election Inquiry Commission (GEIC) and avoid levelling allegations against the parliamentarians.Talking to a news channel, he said that PTI leadership and its members had used the derogatory language besides levelling baseless allegations against the parliamentarians.He said that the followers of the PTI had attacked the state institutions during sit-ins and protest demonstrations ...


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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