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Pacific-Atlantic railroad will respect environment: Chinese premier LIMA: Chinese Premier Li Keqiang has said that the Beijing-funded project to build a vast railroad between the Atlantic and Pacific oceans, across Peru, would respect the region's environment including the Amazon basin."The three countries agree on the fact that the viability of this project will not only be favorable to our common development but will also protect the environment," Li said upon arrival in Lima on Friday.He is visiting Peru on a tour of South America that also includes trips to Brazil, Colombia and Chile. "China respects Latin America's biodiversity," Li said. "To create the infrastructure, it is necessary to protect the environment," he added in a joint declaration made with Peruvian President Ollanta Humala after they signed 10 cooperation accords.Humala noted that China is Peru's principal trading partner.Commerce between the two countries has more than doubled to $16 billion since a free trade agreement went into effect in ...

Morsi, secular camp in dock for 'insulting' Egypt judiciary CAIRO: Ousted Islamist president Mohamed Morsi and several secular figures behind Egypt's 2011 uprising went on trial on Saturday, as the authorities kept a crackdown on all forms of dissent.The trial for "insulting the judiciary" is the fifth for Morsi, who was sentenced to death last week on charges connected with a mass prison break during the uprising that toppled longtime autocrat Hosni Mubarak.Morsi and other Islamist opponents of President Abdel Fattah al-Sisi are back ...

Russia to adopt tough position if Ukraine defaults: Medvedev MOSCOW: Russia would adopt a tough position if Ukraine decided not to pay off debts owed by its previous government, Russian Prime Minister Dmitry Medvedev said in an interview broadcast by Russian TV on Saturday."If it is actually formulated in this way this would undoubtedly be a default of Ukraine ... We would adopt as tough a position as possible in this case and defend our national interests," Medvedev told the Vesti on Saturday programme ...

ECB's Draghi urges euro zone to unite for economic reform ROME: European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc's economies, saying sharing sovereignty was an opportunity and not a threat.Draghi is pushing governments not to waste the time ECB money printing has bought them. Saturday's appeal to indebted countries to clean up their finances came the day after he warned growth would remain low in the face of unemployment and low investment.In a ...

Calm as Burundi truce starts after deadly protests BUJUMBURA: Burundian anti-government protesters began a two-day truce Saturday after almost a month of deadly violence triggered by the president's bid for a third term culminating in a deadly grenade attack Friday.The streets of the capital Bujumbura were calm and quiet, with some shops open and a few policemen sitting casually at junctions and roundabouts -- a marked difference to protests that have left over 20 people dead since the crisis erupted in late April, ...

NAB Multan files its first reference in Accountability Court ISLAMABAD: The National Accountability Bureau (NAB) Multan has filed its first corruption reference in the Accountability Court Multan against a businessman Sheikh Zaka-ur- Rehman for cheating public at large.In this case, NAB received complaints against the accused person who is businessman from district Vehari for collection of Rs 22,928,015 money from public at large in the pretext of investment in his wholesale business of sugar business with a promise of high profit, said a press ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln