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Zarb-e-Azb has positive effect on country's security environment: COAS ISLAMABAD: Chief of Army Staff, General Raheel Sharif has said that Operation Zarb-e-Azb had a great positive effect on Pakistan's security environment and it would continue until the country gets rid of the menace of terrorism.He was addressing at a dinner reception held in his honor and his delegation by Pakistan High Commissioner to UK Syed Ibne Abbas at his residence `Pakistan House' in London, said a press release received here on Thursday.He expressed resolve to bring the displaced families of FATA back to their homes, adding that Pakistan was passing through defining moments."Pakistan has great future; we have given great sacrifices and it is time for Pakistan to move on, have peace and stability and make economic progress," the Chief of Army Staff said.He termed China-Pakistan Economic Corridor (CPEC) a game changer and said it would benefit not only Pakistan but the entire region.The COAS said Pakistan wanted good ...

Gulf banks' profits set to slide over low oil income: S&P DUBAI: Net earnings of Gulf banks are expected to slide as government spending slows due to a dive in oil revenues, the Standard and Poor's ratings agency said Thursday.Growth in net income declined to 4.0 percent in the second quarter, compared with 7.0 percent in the first three months of the year and more than 10 percent in the previous three quarters, S&P said in a report based on a survey of 26 major Gulf ...

European equities extend rally LONDON: Europe's stock markets rebounded Thursday as investors welcomed improving Chinese data but remained cautious on the eve of a key US jobs report.London's benchmark FTSE 100 index of top companies won 1.32 percent to 6,141.50 points in midday deals.Frankfurt's DAX 30 index gained 0.16 percent to 9,676.80, with troubled German carmaker rising 0.42 percent to 98.16 euros.In Paris, the CAC 40 added 0.99 percent to 4,499.20 compared with Wednesday's close, boosted partly by news ...

EU imposes sanctions against four Burundi figures BRUSSELS: The EU imposed sanctions Thursday against four Burundi figures charged with undermining democracy and blocking efforts to resolve the political crisis in the impoverished central African country."The Council adopted travel restrictions and an asset freeze in respect of four persons whose activities are undermining democracy or obstructing efforts to achieve a political solution to the current crisis in Burundi," a statement said."Progress is not being made in the search for a political solution to ...

UN expects 700,000 migrant arrivals in Europe this year, same in 2016 GENEVA: The UN refugee agency said Thursday that it was expecting 700,000 migrants and refugees to reach Europe via the Mediterranean sea this year and projected at least the same amount again in 2016."UNHCR's response is now based on the assumption that up to 700,000 people will seek safety and international protection in Europe in 2015, and possibly even higher numbers in 2016," the agency said, issuing a revised funding appeal.UNHCR spokesman Adrian Edwards confirmed ...

Claims of civilian deaths in Russia's Syria strikes 'information warfare': Putin MOSCOW: President Vladimir Putin on Thursday dismissed claims that Russian air strikes had killed civilians in Syria as "information warfare" but said Moscow would look into those reports."When it comes to media reports regarding the suffering of the civilian population, we are ready for this information warfare," he said. "Nevertheless, this doesn't mean that we should not heed information like this."Copyright AFP (Agence France-Presse), 2015


Index Closing Chg%
Arrow DJIA 16,472.37 1.23
Arrow Nasdaq 4,707.77 1.74
Arrow S&P 1,951.36 1.43
Arrow FTSE 6,129.98 0.95
Arrow DAX 9,553.07 0.46
Arrow CAC-40 4,458.88 0.73
Arrow Nikkei 17,725.13 0.02
Arrow H.Seng 21,506.09 3.17
Arrow Sensex 26,220.95 0.25

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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 $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln