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Govt takes various initiatives for promotion of education: Baligh ISLAMABAD: State Minister for Education and Training Muhammad Baligh ur Rehman on Thursday informed the Senate Standing Committee on Federal Education and Professional Training that present government took various initiatives for promotion of education and allocated more funds for research and development as compared to past.The committee meeting was held under the chairmanship of Senator Rahlia Magsi at Parliament House.Briefing the committee, the minister said, Higher Education Commission and other related department are arranging seminars for research.He said the government would take every step for promotion of education and budget would be increased in future.Higher Education Commission Chairman informed the committee that according to available data 171 universities and 138 campuses are working in the country but only 93 campus got the No Objection Certificate and were working illegally.He said according to rules all new campuses must follow the Higher Education Commission directions.The Chairman said around 3,328 colleges were not ...

PML-N to contest by-elections in Lahore, Lodhran: Pervaiz ISLAMABAD: The Pakistan Muslim League Nawaz (PML-N) Thursday decided not to challenge the verdicts of election tribunals deseating its legislators in NA-122 Lahore and NA-154 Lodhran and to contest Pakistan Tehreek-e-Insaf (PTI) in by-elections.Talking to newsmen, Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid said the party would certainly seek legal remedies to keep the record straight, but the decision to contest by-polls was taken to give tough time to the PTI.PTI chief ...

PML-N takes bold decision to contest by-elections: Siddiqui ISLAMABAD: Special Assistant to the Prime Minister Irfan Siddique Thursday said that the Pakistan Muslim League (PML-N) had taken a bold decision to contest by-elections. "The Pakistan Tehreek-e-Insaf (PTI) should now accept the challenge," he said talking to Pakistan Television. Irfan Siddiqui he said the decision to go to the court of people was taken in a meeting chaired by Prime Minister Muhammad Nawaz Sharif. "Our umpire are people of Pakistan," he added.He said Sardar ...

FAP for practical steps to stable rupee, increase exports KARACHI: The Forex Association of Pakistan's (FAP) Thursday urged the government to compensate exporters by offering maximum rebate in utilities to enhance their margin of profit instead of further devaluing rupee.The rebates to the exporters should be linked to increase in their exports volume, FAP President Malik Muhammad Bostan said talking to APP.Malik opined tht further devaluation would increase the country's import bill and push inflation high while the government would have to pay more ...

UN to be kept informed of all issues of concern to Pakistan vis-a-vis India: FO ISLAMABAD: Foreign Office Thursday said it would keep the United Nations informed of all issues of concern to Pakistan vis a vis India.At a weekly news briefing here, Foreign Office Spokesperson Qazi Khalilullah said that Pakistan had clearly stated that any preconditions would not be acceptable for (NSA level) talks.To a question, he said a meeting between Director General Rangers (Pakistan) and Director General Border Security Force (BSF) India would take place in New Delhi ...

Rabbani announces steps for empowerment of Senate ISLAMABAD: Chairman Senate Mian Raza Rabbani has said the parliamentary history of Pakistan remained unpleasant due to derailment of democracy that contributed to an inclination of the people from their representatives.He expressed these views at a ceremony held in connection with the launching of the revamped website of the Senate and updated status of the project of "Restoration of the Majesty and Transparency in the Parliament (RMTP)" initiated in March this year, said a press ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln