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Pakistan in contact with Muslim countries to find solution of Yemen crisis ISLAMABAD: Emphasizing the need for peaceful and political solution, Pakistan on Thursday said it had been in contact with Muslim countries, especially Saudi Arabia, for the early solution of Yemen crisis.Foreign Office Spokesperson Tasnim Aslam in her weekly briefing said Prime Minister Muhammad Nawaz Sharif visited Saudi Arabia today to consult with the Saudi leadership on Yemen issue.She said Pakistan, in its bid to solve Yemen crisis, urged the United Nations and the Organization of Islamic Cooperation (OIC) to take proactive measures for addressing the situation in Yemen.The Prime Minister was in contact with different Muslim countries including Saudi Arabia for early solution to the Yemen crisis and his latest visit to Saudi Arabia was part of Pakistan's efforts in this regard, she added.Welcoming the decision of Saudi Arabia to end the air strikes in Yemen, the spokesperson said Pakistan was encouraged by this decision and hoped that this move ...


PM arrives in Saudi Arabia on day-long visit RIYADH: Prime Minister Muhammad Nawaz Sharif arrived here on Thursday on a day-long visit.The Prime Minister was received by Prince Mohammad bin Nayef Al-Saud, Deputy Crown Prince and Minister for Interior and Prince Mohammad bin Salman Al-Saud, Minister for Defence at the airport.Guard of honour was presented to the Prime Minister on his arrival.The Prime Minister proceeded to the King's palace for his meeting with the Saudi leadership.Earlier onboard special plane, the Prime Minister chaired ...

Clinton, Rubio lead in 2016 US election poll WASHINGTON: Hillary Clinton and Marco Rubio are early frontrunners to become the next president of the United States, according to a well-regarded poll released on Thursday.Clinton -- a celebrity former secretary of state, first lady and New York senator -- who is bidding to become America's first female president, is head-and-shoulders above her 2016 Democratic party rivals according to a Quinnipiac University poll.She has the backing of 60 percent of Democrats, according to the survey, ...

Japanese automaker Honda unveils first business jet TOKYO: Honda on Thursday unveiled its first private jet before it hits the market this summer, as the Japanese giant, better known for making cars, targets deep-pocketed business flyers.Nearly 20 years in the making, the red and white seven-seater HondaJet, about 13 metres (42 feet) long, is designed to face less air resistance because its engines sit atop the wings instead of the rear of the fuselage.The curtain raising event at Tokyo's downtown Haneda airport ...

Toyota tops global automaker sales in Q1 TOKYO: Toyota kept the title of world's biggest automaker on Thursday with first-quarter sales of 2.52 million vehicles globally, outpacing Volkswagen and General Motors, despite weakening demand at home.The Japanese giant's numbers, down 2.5 percent from a year ago, come after the German automaker earlier said it moved 2.49 million vehicles in the quarter, while US-based GM shifted 2.4 million units, both up from a year earlier.Toyota expects sales this year to slip to 10.15 ...

Asian stocks higher as China PMI lifts Hong Kong, Shanghai HONG KONG: Asian markets rose Thursday, with another poor reading of Chinese manufacturing lifting Hong Kong and Shanghai on hopes for further stimulus while a weaker yen boosted Japanese exporters.Wall Street pushed higher on the back of strong house sales data, which also supported the dollar, while the euro was weighed down by worries about Greece's future in the eurozone.Tokyo added 0.27 percent, or 53.75 points, to finish at 20,187.65 while Sydney rose 0.13 percent, ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln