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US Republican leader calls for shift in military strategy, as Hagel replaced WASHINGTON: John Boehner, who leads Republicans in the US House of Representatives, said on Monday that the selection of a replacement for Chuck Hagel as Secretary of Defence must be accompanied by a new look at US military policies. "This personnel change must be part of a larger re-thinking of our strategy to confront the threats we face abroad, especially the threat posed by the rise of ISIL," Boehner, the House speaker, said in a statement, signaling a potential tough tone by Republicans in Congress on the appointment. Copyright Reuters, 2014

European stocks close mixed LONDON: Europe's main stock markets closed mixed on Monday, with London's benchmark FTSE 100 index down 0.31 percent to end the day at 6,729.79 points. The Paris CAC 40 rose 0.49 percent to 4,368.44 points, while in Frankfurt the DAX 30 gained 0.54 percent to 9,785.54.Copyright AFP (Agence France-Presse), 2014

Police arrests terror suspect in Pakistani capital ISLAMABAD: Police on Monday arrested a suspected militant in Pakistani capital and seized suicide bomb making material to be used in a possible terror strike in the city, officials said."We have arrested a suspect from near Aabpara Market," a police official told AFP."The man belongs to South Waziristan and he was carrying two hand grenades, detonators, a switch used in suicide jackets, batteries, wires and explosives," the official said on condition of anonymity. Aabpara Market ...

Baghdad car bomb kills at least 10: officials BAGHDAD: A car bomb exploded in a crowded Shiite-majority area of the Iraqi capital on Monday, killing at least 10 people and wounding at least 31, security and medical officials said.The blast in the Shaab area of northern Baghdad struck an area where minibuses gather near a market.There was no immediate claim for the blast, but the Islamic State (IS) militants group, which frequently targets members of Iraq's Shiite majority, has said it was behind ...

Notice to Imran, Qadri on application against sit-in on 30th LAHORE: A Lahore High Court full bench Monday again issued notices to Pakistan Tehreek-e-Insaf (PTI) leader Imran Khan and Pakistan Awami Tehreek (PAT) leader Dr Tahirul Qadri for November 28 on an application to stop PTI from holding sit-in on November 30.The full bench comprising Justice Muhammad Khalid Mehmood Khan, Justice Shahid Hameed Dar and Justice Anwaarul Haq issued notice on a civil miscellaneous application filed by MH Mujahid in a pending matter against Azadi ...

Revolution cannot be brought through sit-ins: Bazenjo ISLAMABAD: President National Party Senator Mir Hasil Khan Bazenjo said on Monday that revolution could not be brought through sit-ins. A thorough planning, political ideology, wisdom and years of struggle were needed to bring change, he said, adding that Pakistan Tehreek-i-Insaf chief Imran Khan lacked all such traits as he wanted to bring change through the sit-in.Speaking at a ceremony held here to honour famous Punjabi poet Baba Najmi, Bazenjo said that Imran was sponsoring ...


Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57

Banking Review 2013

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