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China pilot jailed over crash that killed 44 BEIJING: A Chinese court on Friday jailed a pilot for three years for causing one of the worst plane crashes in Chinese history which killed 44 people in 2010, state-media reported.Qi Quanjun, the main pilot aboard the Henan Airlines flight which crashed in heavy fog in northeast China's Heilongjiang province, was sentenced by a local court, the Legal Daily newspaper reported.The crash at Yichun airport was the worst in the country since 2004, highlighting safety concerns amid a rapid expansion in China's domestic airline market.Qi was found guilty of "causing a major airline accident", on the grounds that he had decided to land without being able to properly see the runway, the report said.Reports at the time said that nearly half of the 91 passengers on board were government officials, and several perished in the fiery crash.Qi survived but was unable to speak due to severe facial injuries, the China ...

Xi arrives in Macau as China cracks down on gambling MACAU: Chinese President Xi Jinping flew into Macau Friday as Beijing puts pressure on the gambling hub to diversify away from casinos as part of an anti-corruption drive and pro-democracy protesters prepare to march for free elections.Xi's two-day visit marks the 15th anniversary of the handover of Macau from Portugal to China and is also an opportunity to drive home the message that the semi-autonomous territory needs to see life beyond the gaming tables.Dozens of ...

Up to 11 dead in Japan snow storms TOKYO: Up to 11 people are now reported to have died in a winter snow storm gripping much of Japan, as forecasters on Friday warned bad weather would continue.Northern and central parts of Japan have been lashed by strong winds that have dumped huge quantities of snow over the last few days, disrupting travel and cutting off isolated communities.The Yomiuri Shimbun newspaper said 11 people were known to have died, including two people -- a ...

BoJ strikes more upbeat view on economy, holds off fresh measures TOKYO: The Bank of Japan on Friday struck a more upbeat view of the world's number three economy, saying exports were showing signs of picking up while factory output has started to "bottom out".The comments came after policymakers wrapped up a two-day meeting where they voted by an 8-1 margin to hold off fresh easing measures, after announcing in late October a huge expansion of the BoJ's asset-buying programme.The yen weakened slightly against the dollar ...

IMF approves $1.05 billion in latest Pakistan loan ISLAMABAD: The International Monetary Fund announced Thursday that it had approved the release of $1.05 billion for Pakistan, the fifth instalment of a $6.6 billion loan to the crash-strapped nation.The IMF said it had approved release of the new funds after a review of Pakistan's economic performance."Macroeconomic conditions are improving, but significant risks to the recovery remain," IMF first deputy managing director David Lipton said in a statement."The measures taken by the authorities to address ...

Exports to EU witness 19.9pc raise in 9 months: Khurram ISLAMABAD: Minister for Commerce Khurram Dastagir Khan said on Thursday that taking benefit of the GSP-Plus facility, Pakistan's exports to the European Union (EU) witnessed an increase of 19.9 percent during the first nine months of current year as compared to last year.Addressing a press conference here, Khurram Dasragir said the EU granted Generalized System of Preference (GSP) Plus status to Pakistan in January this year for ten years."During January-September 2013 total exports to the ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln