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PM attends SAARC's retreat, concluding session KATHMANDU: Prime Minister Muhammad Nawaz Sharif on Thursday attended the retreat and concluding session of South Asian Association for Regional Cooperation (SAARC) held here on the second day of the 18th summit.The Prime Minister along with other SAARC leaders attended the informal retreat session held in Nepal's scenic Dhulikhel area and took tour of the resort which is famous for watching Himalayas.Other leaders included Indian Prime Minister Narendra Modi, Sri Lankan President Mahinda Rajapaksay, Nepal's Prime Minister Sushil Koirala, Maldives President Abdulla Yameen Abdul Gayoom, Afghan President Ashraf Ghani and Bhutan's Prime Minister Lyonchhen Tshering Tobgay.SAARC retreats are ideally organised outside the summit venue in resorts where the leaders can relax and discuss the bilateral and multilateral agendas. It also provides an opportunity to quell disagreements on unresolved issues.Later, Nepal's prime minister Koirala received Prime Minister Nawaz Sharif on his arrival at the City Hall to attend the concluding session.Prime ...

Pervaiz Rashid terms Imran's appearance before election tribunal a positive sign ISLAMABAD :Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid on Thursday welcomed Pakistan Tehreek-I-Insaf's chief Imran Khan's decision of shunning the path of violent agitation and approaching courts and tribunals for redressal of complaints.Talking to media outside the parliament the minister said, "We welcome the decision of PTI Chief to appear before the courts for redressal of complaints and hoped this time Imran Khan would not take U-turn on his decision."It is a ...

President for ridding institutions of corruption for revival of economy ISLAMABAD: President Mamnoon Hussain on Thursday said corruption had badly affected the country's economy and stressed for ridding national institutions of corrupt practices.The President expressed these views while talking to a delegation of Pakistan State Oil (PSO) led by its Managing Director, Amjad Pervaiz Janjua here at the Aiwan-e-Sadr.The President said the government was taking steps for the betterment of masses despite several challenges, for which he said it deserved commendation.He stressed the need for ...

Sri Lankan Air Chief calls on President Mamnoon ISLAMABAD: Commander of Sri Lankan Air Force Air Marshal Kolitha Aravinda Gunatilleke Thursday called on President Mamnoon Hussain at Aiwan-e-Sadr.Highlighting the existence of long term bilateral ties between the two countries, the President said that Pakistan attached high importance to its cordial relations with Sri Lanka.The President said that further strengthening of bilateral partnership in diverse areas would be mutually beneficial to the people of both countries.He emphasized on further enhancing the defence cooperation between ...

Sri Lankan Air Force Commander visits Air Headquarters, PAC, Kamra ISLAMABAD: Commander of Sri Lanka Air Force, Air Marshal Kolitha Aravinda Gunatilleke visited Air Headquarters here on Thursday and called on Chief of Air Staff, Pakistan Air Force (PAF) Air Chief Marshal, Tahir Rafique Butt in his office.Both remained together for some time and discussed matters of professional interest.The delegation also attended a briefing at Air Headquarters on the organization, role and functioning of Pakistan Air Force.On his arrival at Air Headquarters, the distinguished guest ...

PM's address at SAARC summit reflects Pakistan's desire for peaceful ties with South Asian states: Irfan Siddiqui KATHMANDU: Special Assistant to Prime Minister on National Affairs, Irfan Siddiqui, Thursday said Prime Minister Muhammad Nawaz Sharif's comprehensive address at the 18th SAARC summit reflects Pakistan's desire for maintaining peaceful ties with South Asian countries.Talking to media in Kathmandu, he said Prime Minister Sharif in his speech stressed the need for SAARC (South Asian Association for Regional Cooperation) countries to resolve the problems of their people rather fighting with each other.Prime Minister Nawaz Sharif ...


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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