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PM condoles demise of former Indian president ISLAMABAD: Prime Minister Muhammad Nawaz Sharif has expressed deep condolences on the demise of former President of India Dr. Abdul Kalam Azad.The Prime Minister prayed for the eternal peace of the departed soul and commiserated with the bereaved family and the people of India.Copyright APP (Associated Press of Pakistan), 2015

No increase in renewal fee of CNIC: NA told ISLAMABAD: Minister of State for Interior and Narcotics Control, Muhammad Baligh ur Rehman on Tuesday informed National Assembly that no increase has been made in renewal fee of Computerized National Identity Cards (CNICs).Replying to a Calling Attention Notice in the House, he said National Database Registration Authority (NADRA) is providing three type of services regarding CNIC including normal, urgent and executive.The Minister said NADRA receives Rs. 75 for issuance of new CNIC under normal procedure, ...

Outgoing Ambassador of Spain pays farewell call on President ISLAMABAD: President Mamnoon Hussain Tuesday stressed the need for making greater efforts to enhance bilateral trade between Pakistan and Spain through frequent exchange of trade delegations.The President said Pakistan has investor friendly policies and urged Spanish companies to invest in Pakistan in various sectors including energy, education, agriculture and infrastructure.Talking to outgoing ambassador of Spain in Pakistan Javier Carbajosa Sanchez here at the Aiwan-e-Sadr, the President emphasized importance Pakistan attaches to its relations with Spain ...

10,600 MW expected to national grid by 2017: NA told ISLAMABAD: Minister for Finance and Revenue Ishaq Dar on Tuesday apprised the National Assembly that the government has launched various power projects to add 10600 MW electricity to the national grid by 2017.Replying to a point raised by MNA Sheikh Rashid Ahmed, the minister said that major portion of Chinese investment was being made in power sector. Out of $ 46 billion, as many as $ 34 billion was being invested in power generation projects ...

Saudi king backs Turkish military action RIYADH: Saudi King Salman has expressed support for Turkey after it launched air strikes against the Islamic State group in Syria and Kurdish militants in Iraq, state media reported on Tuesday.The king told President Recep Tayyip Erdogan on Monday that he backed Turkey's right to self-defence, the official Saudi Press Agency said.Erdogan had telephoned Salman to brief him on the air strikes it launched last week after a deadly bombing inside Turkey blamed on IS ...

Peace process with Kurds cannot continue amid attacks: Erdogan ANKARA: Turkish President Recep Tayyip Erdogan said on Tuesday that Ankara could not continue the peace process with the Kurds amid continuing attacks against Turkish targets."It is not possible to carry on the (peace) process with those who target our national unity and brotherhood," he said, referring to the outlawed Kurdistan Workers' Party (PKK).Turkey, which considers the PKK a terrorist organisation, launched peace negotiations with the group's jailed leader Abdullah Ocalan in late 2012, but ...


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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