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Obama calls Taliban talks 'important first step' LOUGH ERNE: President Barack Obama on Tuesday called planned US talks with the Taliban an "important first step" to ending the Afghanistan war but warned of a long and bumpy road ahead.US officials plan to meet with Taliban representatives in the insurgent group's newly opened office in Qatar to discuss a more peaceful exit from the decade-long war launched in the wake of the September 11, 2001, attacks."An Afghan-led and Afghan-owned peace process is the best way to end the violence and to ensure lasting stability in Afghanistan and the region," Obama said after meeting with French President Francois Hollande on the sidelines of the Group of Eight summit in Northern Ireland."This is an important first step towards reconciliation. Although it's a very early step -- we anticipate there will be a lot of bumps in the road -- but the fact that the parties have an opportunity to talk ...

Pakistan welcomes opening of Taliban office in Doha ISLAMABAD: Pakistan on Tuesday welcomed the announcement of the opening of a Taliban office in Doha for the purpose of bringing peace to Afghanistan and the region. Foreign Office in a statement said, "Pakistan also welcomes the start of direct peace talks between the US and the Taliban." The Foreign Office further said Pakistan has long called for a peaceful and negotiated solution to the Afghan conflict. Pakistan has repeatedly urged an early end to ...
US applauds Pakistan's genuine support for Afghan peace process WASHINGTON: The United States on Tuesday praised Pakistan's "genuine and constructive" support for the Afghan peace process, as Washington welcomed the opening of the Afghan Taliban office in Qatar as an "important first step in the long and complex" process of reconciliation to end the conflict in Afghanistan. Commenting on the Taliban announcement of opening their office in Doha a development which coincides with transfer of security responsibility to Afghan forces across their landlocked country ...
PM to visit Neelum-Jhelum hydro power project today ISLAMABAD: Prime Minister Muhammad Nawaz Sharif is scheduled to visit the site of Neelum-Jhelum hydro power project on Wednesday.The Prime Minister will also receive a briefing on the mega Neelum Jhelum Hydro Power Project, which is of immense national importance, a press release issued by the PM House here said.The project which is in the vicinity of Muzaffarabad (Azad Kashmir), envisages the diversion of Neelum river water through a tunnel and after producing power, out-falling ...
Democracy, media freedom interlinked: Pervaiz ISLAMABAD: Minister for Information and Broadcasting Pervaiz Rasheed said here on Tuesday that the present government believed in freedom of expression as media freedom and democracy go hand in hand.This he said while chairing a meeting of Pakistan Broadcasters Association.The minister said that the present government of Pakistan Muslim League-Nawaz was fully determined to facilitate the media so that they can perform their duties in accordance with their professional ethos."We believe in working together with ...
Malik vows to support Nisar for elimination of terrorism ISLAMABAD: Former Interior Minister Senator Rehman Malik on Tuesday said that he supports the policy of Chaudhry Nisar Ali Khan against the terrorists and his party will stand with PML-N government for peace in the country.Talking to reporters outside the Parliament House, Malik said he salutes Pakistan army and law enforcing agencies for sacrificing lives for the country adding that nation knows well their role against terrorism.Replying to a question, he urged all political parties ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln