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Stocks, oil fall on China concerns, Fed uncertainty NEW YORK: World stock indexes fell while oil prices dropped on Monday amid persistent investor concerns about slowing growth in China and the prospect of higher US interest rates. The dollar eased as weaker stock markets prompted investors to trim bets against currencies popularly used to fund risky carry trades. But the dollar's losses were limited by weekend comments from Federal Reserve policymakers that left the door open to a US rate rise as soon as next month. The US dollar index, which measures the greenback against a basket of currencies , was down 0.1 percent. Fed Vice Chairman Stanley Fischer said in a speech at the annual Jackson Hole, Wyoming, central bankers' symposium that US inflation was likely to rebound, allowing rates to rise gradually.US stocks started the week down on the rate outlook jitters, extending recent market volatility. "The market turmoil will continue in the near future. China ...

TSX slides as resources, banks drag TORONTO: Canada's main stock index, coming off a rebound last week, slumped more than 1 percent on Monday as resource stocks resumed their slump on falling commodity prices. The index, which had been steadily declining since April, sank to its lowest level since 2013 last week on investor worries over China's economic growth. Those concerns remain, while excess crude supply also is weighing on crude prices. "I think we're into our period of seasonal weakness, ...

Reforms key to country's progress: Ahsan Iqbal ISLAMABAD: Minister for Planning, Development and Reforms Ahsan Iqbal on Monday said reforms were critical for country's progress.Chairing a workshop on implementation of Vision-2025, the minister expressed the hope that the ministries would achieve green and red scores on implementation of Vision-2025.He said that quarterly reports on implementation of goals would be submitted to Prime Minister based on performance of ministries.The minister said all pillars of Vision-2025 address Sustainable Development Goals, which are critical to ...

LHC dismisses bail application of Kasur scandal accused LAHORE: A Lahore High Court division bench on Monday dismissed bail application of Tanzeelur Rehman, involved in Kasur scandal.The bench comprising Justice Muhammad Anwaar ul Haq and Justice Erum Sajad Gull heard the matter.During the hearing, Additional Prosecutor Abdul Samad pleaded the court to dismiss bail application of the accused.He submitted that a total of nine cases were registered in connection with Kasur scandal. He said that the police arrested the accused in a case ...

Imran's demand for ECP members resignations, a political gimmick to escape by-polls PESHAWAR: The demand of PTI Chief, Imran Khan, seeking resignations of ECP Members, has been termed as a political gimmick, aimed at finding escape from by-polls to be held in October."The PTI Chief demand is very unreasonable and irrational because if ECP Members resigned, it will take around six months to appoint new officials after evolving consensus of political parties," said Haji Ghulam Ali, Central leader of JUI(F) and former Senator.Talking to APP on Monday, ...

PA vows to counter India's war threat LAHORE: Punjab Assembly showing anguish on the shelling by Indian forces on Monday urged the government to highlight the issue at all international fora.The house, on a point of order by Dr. Farzana Nazir, strongly condemned the killing of innocent Pakistanis by the shelling of Indian BSF at villages along Sialkot working boundary and vowed to respond every move of India. "We will reply the enemy with full force if it attempted to impose war ...


Index Closing Chg%
Arrow DJIA 16,528.03 0.69
Arrow Nasdaq 4,776.51 1.07
Arrow S&P 1,927.18 0.84
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,259.46 0.38
Arrow CAC-40 4,652.95 0.47
Arrow Nikkei 18,890.48 1.28
Arrow H.Seng 21,670.58 0.27
Arrow Sensex 26,283.09 0.41

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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