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Ahsan Iqbal assures govt support for promotion of higher education sector   ISLAMABAD: Federal Minister for Planning, Development and Reforms, Ahsan Iqbal on Thursday assured the Vice Chancellors and Rectors of all public and private sector universities that the government will continue to support and further strengthen higher education sector and increase funding for building a knowledge based economy.All the heads of higher education institutions from across the country gathered in Islamabad to deliberate on the role of higher education sector in the post 18th Amendment scenario as well as discuss various issues related to the quality of education and research.The meeting also discussed mushroom growth of sub-campuses of universities without obtaining No Objection Certificate as well as grant of affiliations to colleges without completing required formalities.The Minister emphasized that the continuity of policies was indispensable if we have to develop higher education sector in line with international practices and make our universities become real engines of socio-economic progress.He stressed that no ...

Govt to resist if civil installations, buildings attacked: Khawaja Asif ISLAMABAD: Federal Minister for Defense, Khawaja Asif on Thursday said that the government would resist if protesters of Pakistan Tehreek-e-Insaaf (PTI) tried to attack civil installations and buildings during November 30 rally.Talking to media in the Parliament's lobby, he said the government is not under any pressure due to the proposed rally.The Minister said it should be clear that the rally would not harm the government in any way.The day of November 30 would pass ...

Pakistan to host SAARC summit in 2016 KATHMANDU: Pakistan will host the 19th summit of South Asian Association of Regional Cooperation (SAARC) in Islamabad in 2016, the concluding session of 18th SAARC summit announced on Thursday.Prime Minister Nawaz Sharif in his brief address to the SAARC leaders from eight countries at the concluding session said, "We look forward to welcome you to the 19th SAARC summit in 2016 in Islamabad."He thanked Nepal's prime minister Sushil Koirala for hosting the 18th summit and ...

Complex regional security environment warrants optimum readiness at all times: Naval Chief KARACHI :Chief of Naval Staff Admiral Muhammad Zakaullah witnessed wide ranging naval maneuvers in North Arabia Sea by variety of Pakistan Navy combat platforms.The Admiral who was on his maiden visit of the Naval Fleet since assuming command of Pakistan Navy closely watched the day-long conduct of various exercises at sea, says a press release of Pakistan Navy here on Thursday.The Naval Forces demonstrated range of maritime warfare operations against traditional and non-traditional threats including ...

Suu Kyi woos military lawmakers ahead of talks on constitution YANGON: Myanmar opposition leader Aung San Suu Kyi has invited military lawmakers to dinner in a bid to build ties ahead of a proposed summit on changing the constitution, which bars her from the presidency, a senior member of her party said on Thursday.On Tuesday, parliament unanimously endorsed talks among Suu Kyi, President Thein Sein, the speakers of the two houses of parliament, military chief Gen. Min Aung Hlaing, and a member of a party ...

South Asia summit salvaged after handshake by leaders of India, Pakistan NEW DELHI: A brief meeting between Prime Minister Nawaz Sharif and his Indian counterpart appears to have salvaged a summit of South Asian leaders, with all eight countries clinching a last-minute deal to create a regional electricity grid.Thursday's pact, to be signed at the summit's closing ceremony, will buttress Modi's ambition for South Asia to become a viable economic counterweight to China, which has made sweeping inroads in the region."Yes, the electricity agreement will be ...


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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