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Australia in talks with Philippines to resettle refugees SYDNEY: Australia said Friday it is in talks with the Philippines to send refugees there, but refused to confirm reports of a Aus$150 million (US$109 million) deal to expand its controversial resettlement policy. Under Australia's hardline policy to stop asylum-seeker boats reaching its shores, those arriving by sea are denied resettlement in Australia, even if found to be genuine refugees. They are sent to much-criticised camps on the Pacific island nations of Nauru and Papua New Guinea and in recent months Australia has been seeking new countries to settle the refugees in. A front-page report in The Daily Telegraph said Foreign Minister Julie Bishop had agreed the deal with her Philippines counterpart in New York and that it was awaiting sign-off by President Benigno Aquino."We have had bilateral discussions with other countries, including the Philippines at an officials level and ministerial level over a number of months and the foreign ...

PTA blocked 26mln unverified SIMs ISLAMABAD: Minister of State for Parliamentary Affairs Sheikh Aftab Ahmed Friday informed the Senate that Pakistan Telecommunication Authority (PTA) had blocked 26 million unverified SIMs (subscriber identity modules) of different cellular companies under the biometric verification drive.During the question-hour session, he said the Ministry of Interior had taken the initiative to streamline the SIMs' issuance process so that no one could misuse them.Replying to a supplementary question, Sheikh Aftab said Cellular Mobile Operators were required ...

First ancient human genome found from Africa MIAMI: Scientists have sequenced the genome of a 4,500-year-old man in Africa for the first time, a difficult achievement since the hot climate has made DNA difficult to recover from old remains, researchers said Thursday.The breakthrough was made using the skull of a man buried face down in a cave in the southern Ethiopian highlands, according to the study in the journal Science.The cave was cool and dry enough to preserve his DNA for thousands ...

China must show 'will' to reform economy; US LIMA: China needs to show the world it is going to follow through on reforming its economy to a more market and consumption-based model, US Treasury Secretary Jack Lew said Thursday."China has undertaken a reform program... that would address many of the important challenges that China is facing. The question now is, do they have the will to stick with that and to demonstrate through their action that they're sticking with that," Lew told journalists ...

Obama denounces 'inflammatory' Trump immigration policies WASHINGTON: President Barack Obama denounced the immigration policies of leading Republican presidential candidate Donald Trump Thursday, without naming him directly, in a speech to Latino political leaders."The greatness of America comes not from building walls," Obama told the Congressional Hispanic Caucus Institute anniversary awards gala."The anti-immigrant sentiment that has infected our politics is not new, but it is wrong," he said, before adding that "economists agree that immigration does not hurt our economy; it grows ...

Oil prices extend gains in Asia SINGAPORE: Oil prices extended their recent rally in Asia Friday on hopes that increasing demand and a decline in US crude production would ease a supply glut that has depressed the market for more than a year.The two main crude contracts hit a six-year low during the April-September quarter owing to a fears about an oversupply, China's economic crisis and expectations for a US interest rate rise.However, they have surged recently as the US Federal ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln