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Efforts being made to address infrastructure inadequacies on priority: Khurram ISLAMABAD: Federal Minister for Commerce Engineer Khurram Dastgir Khan said on Thursday that under the prudent leadership, vision and guidance of Prime Minister Nawaz Sharif, Pakistan has embarked upon strenuous efforts to address its infrastructure inadequacies as a matter of high priority."We believe that in order to improve regional trade ties, we need to build trade and economic corridors with our neighbors by linking our highways, sea and land ports and airport facilities", he said while addressing the 8th South Asian Free Trade Agreement (SAFTA) Ministerial Council Meeting in Thimpu, Bhutan.According to a statement received here on Thursday, he said since assuming office last June, Prime Minister Nawaz Sharif has made enhancing trade and connectivity in the region the cornerstone of his government's economic policy. "Poor infrastructure and intra-SAARC connectivity remains a paramount issue which we need to overcome in order to ensure that the SAFTA realizes its true potential", ...

Pakistan condemns Israeli aggression in Gaza, demands immediate ceasefire ISLAMABAD: Pakistan on Thursday once again strongly condemned Israeli aggression in Gaza and killing of innocent civilian Palestinian and demanded immediate ceasefire by Israel.Foreign Secretary Aizaz Ahmad Chaudhry while talking to media persons here at weekly briefing at Foreign Office said that Pakistan had always backed Palestine cause.He demanded truce and early restoration of peace in Gaza so that the killing of innocent people in Gaza could be stopped with immediate effect.The Foreign Secretary said ...

Baloch urges KP Govt to utilize Rs.26bn for helping IDPs ISLAMABAD: Federal Minister for SAFRON, Lt General (Retd), Abdul Qadir Baloch has urged Khyber Pakhtunkhwa government to utilize Rs. 26 billion for helping internally displaced persons (IDPs).The KPK government was getting an extra amount from other provinces after the NFC award, he stated this while talking to Pakistan Television channel (PTV).He said that federal government was utilizing all available resources to provide required facilities to IDPs.The minister said that Pakistan Tehrek e Insaf (PTI) chief ...

More than 2.2 billion people 'poor or near-poor': UN report TOKYO: More than 2.2 billion people are "poor or near-poor", with financial crises, natural disasters, soaring food prices and violent conflicts threatening to exacerbate the problem, a United Nations report said Thursday.While poverty is in decline worldwide, growing inequality and "structural vulnerabilities" remain a serious threat, said the report by the United Nations Development Programme (UNDP), released in Tokyo.Nearly 1.5 billion people in 91 developing states live in poverty while another 800 million are teetering ...

Pakistan working to give India 'most favoured nation' status ISLAMABAD: Pakistan on Thursday said it would re-start work on improving trade ties with arch-rival India when the two nations' foreign ministers meet in Islamabad next month.Pakistan had pledged to grant India "Most Favoured Nation (MFN)" status by the end of 2012, meaning Indian exports would be treated the same as those from other nations, but so far has not done so.India granted Pakistan MFN status in 1999."When the dialogue process resumes, we hope to ...

Iraq parliament elects Fuad Masum president: speaker BAGHDAD: Iraq's parliament on Thursday elected veteran Kurdish politician Fuad Masum as federal president, a move that paves the way for the much-delayed formation of a new government.He succeeds the ailing Jalal Talabani, who returned only five days ago from 18 months of medical treatment in Germany to serve out his tenure.Parliament speaker Salim al-Juburi announced that Masum, who was born in 1938 and became the first prime minister of autonomous Iraqi Kurdistan more than ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
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