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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 both bilaterally and as a European Union member.The President called for more people to people contacts and exchange of delegations in trade, education and culture to further strengthen bilateral relations and develop more understanding between the people of two countries.The President highlighted that over 70,000 strong Pakistani community living in Spain act as a living bridge between the two nations thereby further augmenting bilateral relations.The President expressed confidence that Pakistan's relations with Spain would grow ...

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 ...

NATO stands with Turkey in face of 'terrorism' BRUSSELS: NATO on Tuesday gave its strong backing to Turkey's fight against "terrorism" at an emergency meeting called to discuss Ankara's strikes against Islamic State fighters and Kurdish rebels.The talks in Brussels came as President Tayyip Erdogan insisted that Turkey would press on with the dual offensive against two mutually hostile groups despite questions about his country's motives.Opening the meeting of ambassadors from all 28 NATO states, Secretary General Jens Stoltenberg said the US-led military ...

RECORDER REPORT: KSE close of day KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Tuesday having 35274.66 points with a positive change of 99.17 and volume of 149,105,240 shares.High and Low were 35443.17 and 35051.97 respectively. Total volume traded in the market was 362,680,360 shares with 367 total traded companies out of which 219 were up 129 were down and 19 were unchanged. COMMERCIAL BANKS was the top traded sector with total traded volume of 55,969,100 shares. It was ...


Index Closing Chg%
Arrow DJIA 17,6630.27 1.09
Arrow Nasdaq 5,089.21 0.98
Arrow S&P 2,093.25 1.24
Arrow FTSE 6,555.28 0.77
Arrow DAX 11,173.91 1.06
Arrow CAC-40 4,977.32 1.01
Arrow Nikkei 20,328.89 0.10
Arrow H.Seng 24,503.94 0.62
Arrow Sensex 27,459.23 0.37

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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