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President stresses strong economic ties with African countries ISLAMABAD: President Mamnoon Hussain on Friday stressed the need for more concerted efforts to strengthen the trade and economic ties with African countries.The President expressed these views while talking to Imran Yawar, Pakistan's ambassador-designate to the Federal Democratic Republic of Ethiopia and permanent observer to African Union (AU) here at the Aiwan-e-Sadr.The President said Pakistan values its close and cordial relationship with Ethiopia and urged the newly appointed ambassador to focus on further consolidating the bilateral relations particularly in trade and commerce sectors.He said that Pakistan's relations with Africa in general and Ethiopia in particular do not commensurate with the real trade potential and existing goodwill.The President congratulated Imran Yawar on his new responsibilities and discussed with him matters pertaining to his diplomatic assignment.The ambassador-designate thanked the President for reposing confidence in him and assured that he would concentrate on augmenting Pakistan's bilateral ties with Ethiopia with particular focus on ...

Industrial output grows by 5.16pc in 8 months ISLAMABAD: The country's large scale manufacturing (LSM) sector has witnessed growth of 5.16 percent during the first eight months of current fiscal year as compared to the corresponding period of last year.The provisional Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 120.51 points during July-February (2013-14) against 114.59 points during July-February (2012-13), according the data of Pakistan Bureau of Statistics (PBS).The highest growth of 3.3 percent was witnessed in the indices ...

11 dead in Everest avalanche, three more bodies expected KATHMANDU: At least eleven Nepalese climbing guides have been killed after an avalanche struck Mount Everest early Friday, a rescue team official told AFP, in the worst accident to hit the world's highest peak."I have seen 11 bodies brought to the base camp, we have been told to expect three more," Lakpa Sherpa from the non-profit Himalayan Rescue Association told AFP by telephone from Everest basecamp.Copyright AFP (Agence France-Presse), 2014

Asian shares mostly up in quiet trade HONG KONG: Asian markets mostly rose while the dollar edged up in holiday-narrowed trade on Friday following a mixed lead from Wall Street and news of a deal between Russia and the West to ease Ukraine tensions.With many bourses closed for the Easter break, business was thin at the end of a broadly positive week in Asia, which was helped by bargain buying after the previous week's sell-off.Tokyo added 0.68 percent, or 98.74 points, to ...

RECORDER REPORT: KSE mid day update KARACHI: On Friday, until mid day, KSE-100 Index was at 29158.64 with a negative change of -191.70 and volume of 112,922,060 shares.High and Low were 29578.33 and 29118.49 respectively. Total volume traded in the market was 163,243,630 shares with 342 total traded companies out of which 187 were up, 146 were down and 9 were unchanged.Commercial Banks was the top traded sector with total traded volume of 41,870,200 shares. It was followed by Personal Goods ...

Algeria's Bouteflika camp claims election win, rival alleges fraud ALGIERS: Algerian President Abdelaziz Bouteflika looked set to win a fourth term with allies claiming victory in an election on Thursday, despite questions over his health and his rare appearances since suffering a stroke in 2013.Official results were due on Friday, but Bouteflika's camp claimed the independence veteran backed by the dominant National Liberation Front (FLN) party had succeeded in securing five more years at the helm of the North African OPEC state.The 77-year-old Bouteflika, ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,417.53 0.01
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln