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Kerry says Iran nuclear talks 'making progress' VIENNA: Talks between Iran and major powers towards a historic nuclear deal are facing tough issues but are making progress, US Secretary of State John Kerry said Wednesday during a break from talks in Vienna."We are working very, very hard and we have some very difficult issues but we believe we're making progress and we're going to continue to work because of that," Kerry told reporters.His comments, a day after negotiators gave themselves until July 7 to agree a deal, followed a meeting in the Austrian capital with Iranian Foreign Minister Mohammad Javad Zarif.Earlier Zarif said: "We have made progress and we will make progress and we will use every opportunity to make progress."The foreign ministers of France and China, Laurent Fabius and Wang Yi, were expected to join the negotiations in Vienna Thursday along with EU foreign policy chief Federica Mogherini.The aim is to finalise a framework accord agreed ...

Western route given top priority by Government: Ahsan Iqbal ISLAMABAD: Federal Minister Planning, Development and Reforms Professor Ahsan Iqbal Wednesday reiterated that western alignment of China-Pakistan Economic Corridor (CPEC) is the first and foremost priority of government, which will be operational by December 2016.He said Balochistan province will be the biggest beneficiary of CPEC while all other provinces and regions would also benefit from this historic opportunity.He was speaking after chairing a meeting of officials to share with them details of his visit from ...
Efforts being made to improve Railway System: Saad ISLAMABAD: Federal Minister for Railways, Khawaja Saad Rafique said that all out efforts are being made to improve the Railway System across the country.Talking to a private news channel, he said that focus was being given to provide facilities to the passengers with affordable rates, adding that steps had been taken to achieve the progress in this regard.He said that special trains would be launched on the happy occasion of Eid days with affordable tickets.Federal ...
PM felicitates FM, nation over highest level of forex reserves ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Wednesday felicitated Finance Minister Muhammad Ishaq Dar as well as the whole nation over the achievement of the highest level of foreign exchange reserves in the country's history.Pakistan's foreign exchange reserves Wednesday crossed the figure of US $ 18.5 billion, the highest ever so far. Copyright APP (Associated Press of Pakistan), 2015 ...
Europe rallies on revived hopes for Greek deal LONDON: Global shares and peripheral euro zone bonds jumped on Wednesday as Greece's prime minister signalled he was prepared to accept the bulk of the spending cuts demanded by the rest of the euro zone to keep his country afloat.Alexis Tsipras wrote to the debt-ridden country's international creditors to accept a bailout they had offered over the weekend - though there were caveats which prompted scepticism in some European capitals and kept a lid on ...
World Bank warns China over state financial control BEIJING: The World Bank on Wednesday urged China to accelerate reform of its state-dominated financial sector, warning that failure to address the issue could end "three decades of stellar performance" for the world's second-largest economy.The ruling Communist Party has pledged a wide range of economic reforms and the Washington-based institution said reducing the "unique and distorted role of the state" in banking and the wider financial sector was crucial."Wasteful investment, overindebtedness, and a weakly regulated ...

 



 
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln