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Britain says backs Saudi military intervention in Yemen LONDON: Britain supports Saudi Arabia's decision to intervene militarily in Yemen, Britain's Foreign Office said on Thursday, saying it regarded recent actions by Houthi militia there as a sign of their disregard for the political process."We support the Saudi Arabian military intervention in Yemen following President Hadi's request for support by 'all means and measures to protect Yemen and deter Houthi aggression,' the Foreign Office said in a statement."The recent Houthi actions and expansion in Aden and Taiz is a further signal of their disregard for the political process. Ultimately, the solution to the crisis must be a political one."Copyright Reuters, 2015

Coalition, Iraqi planes target IS militants in Tikrit presidential compound BAGHDAD: Coalition and Iraqi planes struck a sprawling complex of palaces in the city of Tikrit on Thursday where Islamic State militants have been holding out for more than three weeks.US-led coalition planes launched their first air strikes against Islamic State targets in Saddam Hussein's home city on Wednesday, coming off the sidelines to aid Iraqi forces fighting alongside Iran-backed Shia militia on the ground.The decision to provide air support for the Tikrit campaign draws ...

US commends Saudi-led military action against Yemen's Houthis LAUSANNE: US Secretary of State John Kerry spoke with the foreign ministers of Saudi Arabia and other Gulf Cooperation Council members on Thursday and welcomed their decision to take action against Houthi fighters in Yemen, a senior US official said."He commended the work of the coalition taking military action against the Houthis and noted the United States' support for those coalition efforts - including intelligence sharing, targeting assistance, and advisory and logistical support for strikes ...

Iran demands immediate halt to military actions in Yemen ANKARA: Iran demanded an immediate halt to Saudi-led military operations in Yemen on Thursday and said it would make all necessary efforts to control the crisis there, Iranian news agencies reported.Warplanes from Saudi Arabia and Arab allies on Thursday struck Iran-allied Houthi forces fighting to oust the country's Western-backed president. Saudi-owned al-Arabiya TV reported a ground offensive with troops from other Muslim states was being prepared."The Saudi-led air strikes should stop immediately and it is ...

Iran's Salehi says 'optimistic' on nuclear deal LAUSANNE: Iran's nuclear chief told AFP Thursday that he was "optimistic" about reaching a potentially historic nuclear deal with world powers despite external interference from those opposed to a deal."On the whole I am optimistic... but internationally those who have an interest in more troubles and not dealing with this question have not been inactive. They are trying to make sure there is no deal," Ali Akbar Salehi said."The Islamic Republic of Iran has demonstrated ...

RECORDER REPORT: KSE close of day KARACHI: Karachi Stock Exchange (KSE) 100 index closed lower on Thursday having 30678.97 points with a negative change of 407.54 and volume of 193,252,760 shares.High and Low were 31359.72 and 30172.93 respectively. Total volume traded in the market was 258,324,500 shares with 337 total traded companies out of which 34 were up 289 were down and 14 were unchanged. Commercial Banks were the top traded sector with total traded volume of 44,858,400 shares. It was ...


Index Closing Chg%
Arrow DJIA 17,718.54 1.62
Arrow Nasdaq 4,876.52 2.37
Arrow S&P 2,061.05 1.46
Arrow FTSE 6,990.97 0.41
Arrow DAX 11,865.32 1.16
Arrow CAC-40 5,020.99 1.30
Arrow Nikkei 19,746.20 0.17
Arrow H.Seng 24,528.23 0.54
Arrow Sensex 28,111.83 0.17

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln