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Efforts being made to strengthen national economy: Khawaja Asif  SIALKOT: Federal Minister for Defence, Water and Power Khawaja Muhammad Asif on Sunday said the PML-N government was making strenuous efforts for strengthening national economy. Talking to APP here at Muslim League House, he said the government had focused attention on fulfilling its responsibility and commitments for steering the country out of energy crisis and in this regard several short and long term power generation projects were being carried out in various areas of the country. A strategy has been adopted to generate maximum electricity, he said and added the PML-N government was determined to end load shedding. Khawaja Asif said, under the programme several long and short term power projects were being initiated for power generation in the country adding that power generation from Thar coal reserves would be started in near future while other options are also under consideration. Currently, Thar known as starvation area and after the ...

Bombs kill 11 at central Baghdad restaurants BAGHDAD: Bombs killed at least 11 civilians in central Baghdad on Sunday when they exploded at two restaurants in the Iraqi capital, police and medical sources said.Police said the deadliest explosion took place near Tahrir Square when a bomb placed in a plastic bag exploded near a popular restaurant, killing seven people and wounding 11 others.In a separate incident, four people were killed and eight wounded when a bomb went off near a small restaurant ...

Germany stops arms exports to Saudi Arabia: media report BERLIN: Germany has decided to stop exporting arms to Saudi Arabia, the German newspaper Bild am Sonntag said on Sunday, citing government sources as saying the kingdom was "too unstable" for it to be receiving deliveries of weapons.The newspaper said Germany's national security council, which holds its meetings in secrecy and is made up of Chancellor Angela Merkel, Economy Minister Sigmar Gabriel and seven other ministers, had made the decision on Wednesday.The German economy ministry ...

Obama says made a breakthrough in civil nuclear trade with India NEW DELHI: The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.The two countries signed a landmark civilian nuclear deal in 2008 but trade was stymied by India's reluctance to pass legislation shielding suppliers from liability in the event of a nuclear accident, a deviation from international norms.Copyright Reuters, 2015

US will consider additional steps to rein in Russia over Ukraine: Obama NEW DELHI: US President Barack Obama said on Sunday that Russian support was behind the latest ceasefire breakdown in Ukraine and said the United States would consider all additional options short of military action to rein-in Moscow over its neighbour."We are deeply concerned about the latest break in the ceasefire with Russia," Obama told a news conference in New Delhi, adding that "it would not be effective to engage in a military conflict with Russia".Copyright ...

Netanyahu defends planned Congress speech as anti-Iran strategy JERUSALEM: Israeli Prime Minister Benjamin Netanyahu defended on Sunday a planned speech to the U.S. Congress about Iran, saying he had a moral obligation to take every opportunity to speak out on an issue that poses a mortal threat to his country.His visit to Washington in March has opened up a political rift in the United States and has drawn accusations in Israel that Netanyahu is undermining a strategic alliance to win an election due ...


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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 $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln