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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 instructions for setting up of a committee of authorities of concerned departments with regard to Chinese investment in the project of setting up industrial and agricultural park. The committee would keep a close contact with Chinese investors and give a final shape to the investment plan, he added.He further said that there were vast opportunities of investment in energy, infrastructure, education, health, agriculture and other sectors in the province.He said that all out facilities were ...

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 ...

PAC directs to appoint internal auditors at all Authorities ISLAMABAD: Public Accounts Committee (PAC) Wednesday expressed concern over recurrence of irregularities in financial matters of the National Highway Authority (NHA) and directed to deploy internal auditors at all Authorities for strengthening departmental accounts.The Committee met under the chairmanship of Syed Khurshid Ahmed Shah and discussed the audit paras of the Ministry of Communication, National Highway Authority (NHA) for the year 2010-11. All members of the committee were also present in the meeting.The committee, discussing ...

Disappointed ECB says euro zone economies further apart than at the start FRANKFURT: The euro zone's founding members are further apart economically than they were, a "disappointing" outcome defying the premise that laggards would slowly catch up in common currency bloc, the European Central Bank said on Wednesday. Early members failed to recognise that lower borrowing costs, a key benefit in the currency union, would only provide atemporary boost, and left unchecked, would actually lead to many of the troubles that plunged the bloc into its debt ...


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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