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Imran Khan should announce resignations on Assembly floor: Saad ISLAMABAD: Minister for Railways Khawaja Saad Rafique Thursday said that Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan should announce his resignation on floor of National Assembly where he had congratulated the Speaker.Talking to a private TV channel, the minister said that PTI was fearing from its few Parliamentarians who were not willing to resign as a member of National Assembly that was why the party leadership was not allowing the MNAs to met Speaker individually.The government wants PTI's participation in the Parliament and by resigning from National Assembly membership, PTI will disrespect its voters, he said.He said that Pakistan Muslim League Nawaz (PML-N) wants continuity of the system to strengthen the democracy.Replying to a question, Saad Rafique said that Shah Mehmood Qureshi was following Imran Khan by blaming others with baseless allegation.He said that the government did not closed its doors for dialogue with protesting PTI if it was interested for ...

Smartphone sales lifted by emerging markets WASHINGTON: Global smartphone sales grew at a healthy pace in the third quarter, boosted by low-cost handsets in emerging markets, industry research showed Thursday.The research firm IDC said global smartphone shipments jumped 25.2 percent from a year earlier to 327.6 million in the quarter, and were up 8.7 percent over the second quarter."Despite rumors of a slowing market, smartphone shipments continue to see record-setting volumes," said IDC's Ryan Reith."We've finally reached a point where most ...

Barclays bank takes huge charge for forex probes, profit drops LONDON: Scandal-hit British bank Barclays revealed a huge charge for probes into allegations it rigged foreign-exchange market prices, cutting into quarterly profits reported on Thursday.The bank has set aside £500 million, equivalent to $800 million or 634 million euros, and this hit profits hard."A £500-million provision has been recognised relating to ongoing investigations into foreign exchange with certain regulatory authorities," the London-listed bank said.The announcement from Barclays -- which was also at the heart of ...

Insults against Israel PM 'disgraceful, damaging': Kerry WASHINGTON: US Secretary of State John Kerry hit out Thursday at reported insults by an anonymous senior American official against the Israeli prime minister, saying it was "disgraceful, unacceptable and damaging."He also pledged that the United States would continue to work "quietly and effectively" in order to relaunch the peace process with the Palestinians, saying it was "doable, but it takes courage and strength."Copyright AFP (Agence France-Presse), 2014

US economy grew 3.5pc in third quarter WASHINGTON: US economic growth was robust in the third quarter, according to the first government estimate Thursday, appearing to underscore the Federal Reserve's decision to end its asset-buying stimulus program.The world's largest economy expanded at an annual rate of 3.5 percent in the July-September period as defense spending surged and exports climbed, narrowing the trade gap, the Commerce Department said.Economists had expected slower third-quarter growth, with the consensus at 3.0 percent, after the robust 4.6 ...

Mozambique elects Nyusi as new president MAPUTO: Mozambique has elected Filipe Nyusi of the governing Frelimo party as the next president, the National Electoral Commission said Thursday in announcing final results of polls two weeks ago. The former defence minister won 57 percent of the vote in the southern African nation -- sharply down on Frelimo's 75 percent victory in the last presidential election in 2009.Nyusi's nearest rival, Afonso Dhlakama of the former rebel Renamo party, garnered 37 percent of the ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln