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Call to normalize trade ties between Pakistan, India ISLAMABAD: Dr Vaqar Ahmed, the Deputy Executive Director, Sustainable Development Policy Institute (SDPI), Islamabad, has stressed the need for normalizing trade relations between Pakistan and India to benefit both the local manufacturers and consumers besides technology transfer and greater export surplus.He was speaking at a two-day regional consultation on `Deepening Economic Cooperation in South Asia: Expectations from the 18th SAARC Summit' organized by South Asia Watch on Trade, Economics and Environment (SAWTEE) in cooperation with SDPI in Kathmandu.The programme was organized as a side-event to the 18th SAARC Summit to provide useful recommendations to deepen economic cooperation in South Asia."The Government of Pakistan must take a lead in expediting SAARC-level pending agreements on transport, energy, connectivity and dispute resolution," Dr Vaqar said, adding that the current free trade agreements in the region should be revised to include investment and technology clauses. He suggested that trade and investment barriers can be ...

PM arrives in Kathmandu to share Pakistan's vision of peaceful neighbourhood, enhanced bilateral trade KATHMANDU: Prime Minister Muhammad Nawaz Sharif arrived here Tuesday to lead Pakistan's delegation to the 18th Summit of the South Asian Association for Regional Cooperation (SAARC) to present Pakistan's vision of a peaceful neighbourhood with trade and investment being its mainstay.The Prime Minister received a red carpet welcome as he alighted from his special aircraft at Kathmandu's Tribhuvan International Airport. Deputy Prime Minister of Nepal, Bam Dev Gautam, received the Prime Minister.A contingent of the ...

No discrimination in trading facilities for provinces: Khurram ISLAMABAD: Federal Minister for Commerce Engineer Khurram Dastgir Khan on Tuesday said the federal government would provide trading facilities to the provinces without discrimination."All the provinces have equal rights in the country's trade and discrimination, if any, will be removed," he said while answering queries of members of the Senate's Standing Committee on Commerce here.The minister said that according to the vision of Prime Minister Nawaz Sharif, the Commerce Ministry took various measures in Strategic ...

Viable national security narratives interlinked with sound economy: Khawaja Asif ISLAMABAD: Federal Minister for Defence & Water and Power, Khawaja Muhammad Asif said on Tuesday that a viable national security narrative is interlinked with sound economy.He said that in the last 2-3 decades, the country's economy has suffered immensely due to energy crisis and terrorism.Speaking on the occasion as a chief guest, on a two-day international conference on "Narratives of National Security" which is being organized by the Institute of Strategic Studies Islamabad (ISSI) in ...

Minority rights: SC seeks report from AGP, AGs on implementation of directives ISLAMABAD: The Supreme Court on Tuesday issued notices to Attorney General for Pakistan (AGP) and the four provincial advocate generals seeking their respective reports on mplementation of court's directives on minority rights.The three-member bench of the apex court headed by Chief Justice Nasir-ul-Mulk comprising Justice Gulzar Ahmad and Justice Mushir Alam resumed the hearing related to implementation of directives outlined by the apex court of its June 19 verdict on minority rights.During the proceedings, PML-N ...

India, Nepal to sign $1 billion power deal KATHMANDU: Nepal and India will sign a deal later Tuesday to develop a $1-billion hydroelectricity project that will boost supplies in the Himalayan nation and export power to its larger neighbour, an official said.India's Prime Minister Narendra Modi and his Nepalese counterpart Sushil Koirala will witness the signing of the agreement on the sidelines of a summit of South Asian leaders and ministers underway in Kathmandu, the official said.The deal will allow India's state-owned Satluj ...


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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