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Pakistan and Afghanistan to jointly counter terror threats as their ties improve UNITED NATIONS: Pakistan and Afghanistan will jointly counter the threats of terrorism, violent extremism and transnational crime with "strong common resolve", and move to forge a mutually beneficial economic relationship, a top Pakistani diplomat told the UN General Assembly on Thursday.Speaking in a debate on the situation in Afghanistan, Ambassador Masood Khan, Pakistan's permanent representative to the UN, said Afghan President Ashraf Ghani's visit to Islamabad and talks with Prime Minister Nawaz Sharif last week marked a "holistic renewal of our relationship.""Non-state actors should not be allowed to dictate Pak-Afghan bilateral relations," he said, adding, "Our relationship must be based on mutual respect for sovereignty and territorial integrity and marked by trust and cooperation.""On our side, we are prosecuting Operation Zarb-e-Azb to take out terrorists and take down their networks. There is zero tolerance for them. Our nation and our valiant armed forces are determined to fight this war to ...


Obama vows 'more fair and just' immigration to US WASHINGTON: Pledging to fix America's "broken" immigration system, President Barack Obama offered five million undocumented migrants protection from deportation Thursday, allowing families to emerge from the shadows and seek work permits.In a move that infuriated his Republican critics and drew unspecified pledges to counter it, Obama said nearly all undocumented people living in the country for more than five years and who have a child who is a US citizen or legal permanent resident can ...

China's Xi targets strategic ties in Pacific SUVA: Chinese President Xi Jinping arrived in Fiji Friday on a whirlwind visit aimed at strengthening economic and strategic ties with Pacific island nations. Xi's visit comes after Indian Prime Minister Narendra Modi, head of the world's largest democracy, stopped over in Fiji to also court regional leaders who form one of the largest voting blocs at the United Nations. Both leaders have targeted the Pacific as a vital stop on their way home from ...

Alibaba raises $8bn in bond deal NEW YORK: Chinese e-commerce giant Alibaba on Thursday raised $8 billion in a bond offering, the Wall Street Journal said.The company announced one week ago that it planned to make the sale, with the intention to repay an $8 billion loan owed to banks. Maturities ranged from three to 20 years in the six-part deal, the Journal reported.It called the transaction one of the largest corporate bond deals of the year. Alibaba completed the world's ...

Motorbike bomb kills soldier in Mithra PESHAWAR: A bomb planted on a motorbike killed a soldier and wounded another in Pakistan's restive northwest on Friday, officials said.The incident happened in Mithra area on the outskirts of Peshawar."A remote controlled bomb planted on a motorbike went off as an army vehicle passed by it, killing one soldier and wounding another one," a senior security official told AFP.A local police official also confirmed the incident and casualties.Nobody has so far claimed responsibility of ...

Mexico, Central America praise Obama immigration fix MEXICO CITY: Mexico and Central American nations welcomed US President Barack Obama's landmark offer Thursday to protect five million undocumented migrants from deportation, saying it would benefit many of their citizens.Mexico's foreign ministry said the measures "have the potential to benefit a significant number of Mexicans in that country and improve their opportunities, as well as their dignity.""This decision will enable an increase in the many contributions that Mexicans make to the economy and society ...


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln