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Pakistan embassy holds Quran Khawani for Peshawar victims WASHINGTON: The Pakistani embassy here held Quran Khawani to pray for the innocent children and staff of Peshawar Army Public School killed in an appalling terror attack this week.Pakistani-Americans, staff of the embassy and members of their families joined in a demonstration of solidarity with the families of victims and offered collective prayers for the lost lives.Mrs. Shaista Jalil, wife of Pakistan's ambassador to the United States, Jalil Abbas Jilani and Charge d'Affaires Asad M Khan also participated.After recitation of the Holy Quran, the gathering prayed for the departed souls as well as Pakistan's success in its counterterrorism endeavour.Copyright APP (Associated Press of Pakistan), 2014

Canada slaps new sanctions on Russia oil sector over Ukraine OTTAWA: Canada announced Friday fresh sanctions on Russia over its support for rebels in Ukraine, targeting 20 Russian politicians and Ukrainian separatist leaders as well as Russia's oil and gas sector.This 13th round of sanctions in collaboration with allies comes after Russian President Vladimir Putin showed no willingness to change tack on Ukraine.Canadian Foreign Minister John Baird insisted, however, that the West's stiffening sanctions are working."There is no doubt that collectively the sanctions have been ...

ECB's Constancio sees negative inflation rate in months ahead BERLIN: ECB Vice President Vitor Constancio said in a German magazine interview that he expected the inflation rate to turn negative in the coming months but added that if this was just a temporary phenomenon, he did not see a risk of deflation."Our experts forecast just 0.7 percent inflation for 2015 but since this projection was made, oil prices have fallen by a further 15 percent. We now expect a negative inflation rate in the ...

Investigation into ex-POW Bergdahl over: US officials WASHINGTON: The US Army has wrapped up its investigation into how an American soldier was captured by Taliban insurgents in 2009, and now senior officers will weigh the findings, Pentagon officials said Friday.Sergeant Bowe Bergdahl was held by militants as a prisoner of war after disappearing from his base in eastern Afghanistan.He was released in May in a swap for Taliban inmates held at the US-run prison in Guantanamo Bay, Cuba.After questioning Bergdahl and others, ...

Obama blasts Guantanamo provisions as he signs defence bill WASHINGTON: President Barack Obama signed into law America's annual defence policy bill, but he blasted provisions that ensure the Guantanamo Bay prison will stay open for now.One of Obama's first actions as president was to order the closure of the prison facility in Cuba, set up 13 years ago under president George W. Bush, but he has been thwarted by domestic and international obstacles.Obama said he signed the defence policy bill, known as HR 3979, ...

Japan's Idemitsu oil eyes $4bn buyout: report TOKYO: Japan's second-largest oil distributor Idemitsu Kosan is planning to acquire its smaller rival Showa Shell Sekiyu in a deal worth an estimated $4.18 billion, a report said Saturday.The deal, which would create a firm controlling nearly one third of the domestic market, would see Showa Shell's largest shareholder, Anglo-Dutch oil major Royal Dutch Shell, selling shares in a tender offer, the Nikkei business daily said without naming its sources.Royal Dutch Shell will likely exit ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln