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Pervaiz Rashid condemns PTI propaganda against judiciary on social media ISLAMABAD: Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid on Wednesday strongly condemned Pakistan Tehrik-e-Insaf's propaganda against senior judges of superior judiciary on the social media.In a statement, he said that the PTI in the past had to apologize to the superior judiciary over the use of word "shameless" but it has not learnt any lesson.The minister said that if the judiciary gives verdict in favour of the PTI, it is considered as good but if it gives any decision against the PTI it is declared as bad,he remarked.Copyright APP (Associated Press of Pakistan), 2015

Pakistan-Iran trade to reach $5bn in next few years: Robina Akhter ISLAMABAD: Additional Secretary of Ministry of Commerce Robina Akhter said that a target of trade volume of US $ 5 billion between Pakistan and Iran could be achieved in next few years.In an exclusive interview with IRNA on Wednesday, Robina Ather said that currently the total volume of trade between Iran and Pakistan was below US $ 250 million but back in 2008-09, it was over US $ 1.3 billion.Explaining advantages of the megaproject of ...

Chinese investors call on Shahbaz Sharif LAHORE: A delegation of Chinese investors met Punjab Chief Minister Muhammad Shahbaz Sharif, here on Wednesday and expressed interest in the project of industrial and agricultural park in Punjab.Speaking on the occasion, Shahbaz Sharif said that the role of private sector was of vital importance in the development of agriculture and industrial sectors.He said that investment by Chinese investors would be welcomed and all out facilities would be provided for this purpose.The chief minister issued ...

British PM offers loan, touts trade potential on Vietnam visit HANOI: Prime Minister David Cameron pushed to step up trade with Vietnam on Wednesday to capitalise on "enormous" opportunities for British firms in an economy Britain would support with 500 million pounds in infrastructure loans. Making his fourth stop on his sweep through Southeast Asia, Cameron met Vietnamese counterpart Nguyen Tan Dung in Hanoi and oversaw agreements between companies of both countries in infrastructure, engineering, insurance and energy. A British business delegation has joined Cameron ...

US welcomes Pakistan-brokered peace talks between Afghan Govt, Taliban ISLAMABAD: US Special Representative for Afghanistan and Pakistan Daniel F. Feldman Wednesday billed peace talks between Afghan Government and Taliban as 'extremely important' and praised Islamabad for playing role of a facilitator to broker a reconciliation process between the two sides. "Afghan talks on July 7, have been extremely important and we welcome the role played by Pakistan to facilitate these talks," at a tourist resort of Murree, where these negotiations were held and attended ...

IHC declares Musharraf's non-bail able arrest warrants void ISLAMABAD: Justice Aamir farooq on Wednesday declared Kamran Basharat Mufti, District & Session Judge Islamabad's orders for non-bailable arrest warrants of General (Retd) Pervez Musharraf null and void.A single member bench of the Islamabad High Court (IHC) announced the reserved judgment on an appeal filed by former president General (Retd) Pervez Musharraf against his arrest warrants in Abdul Rashid Ghazi murder case by the session court.The bench also directed trail court to decide the permanent ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln