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Kidnapped son of ex-PM phones father MULTAN: The kidnapped son of former Prime Minister Yousaf Raza Gilani called his father on Sunday after two years in captivity and told him he was well.Ali Haider Gilani, 29, was seized by suspected Taliban militants in a hail of gunfire on the outskirts of the city of Multan in Punjab province on May 9, 2013, two days before the national election in which he was campaigning. Gunmen on a motorbike opened fire before abducting Ali Haider Gilani in a black Honda car.His secretary and a bodyguard were killed and four people wounded."My son Ali Haider Gilani told me that he is happy and safe at (an) unknown place," Yousaf Raza Gilani told AFP after the phone call."He enquired about the health of his mother and other family members. He declined to disclose more and said that Almighty Allah will surely help us. He said that he is safe and ...

IS is recruiting, but not operational in Afghanistan: NATO General KABUL: The Islamic State group is recruiting fighters in Afghanistan, the commander of foreign forces in country has said, but they are not yet operational. There have been fears of IS group making inroads in Afghanistan since US-led NATO forces ended their combat mission late last year, after 13 years of fighting insurgents. "There's recruiting going on in Afghanistan. There is money being passed back and forth," General John F Campbell the commander of NATO ...
Greece does not have the money to make June IMF repayment: interior minister ATHENS/LONDON: Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail.Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been scraping state coffers to meet debt obligations and to pay wages and pensions.After four months of talks with its euro ...
Dar welcomes reduction in policy rate ISLAMABAD: Finance Minister Senator Ishaq Dar Saturday welcomed the announcement by State Bank of Pakistan (SBP) to reduce its policy rate from 8 per cent to 7 per cent and said it it would spur business and economic activities in the country.The minister, in a statement, said the SBP decision was a manifestation of improvement in macroeconomic conditions as reflected in multi-year low inflation and considerably improved external account.The current CPI inflation of 4.8% in ...
Pakistan to seek FBI, Interpol help in fake degrees scam ISLAMABAD: Interior Minister Chaudhry Nisar Ali Khan on Saturday said Pakistan has decided to ask the FBI and Interpol for assistance with a probe into a Karachi-based firm accused of running a global fake degree empire.Pakistan this week launched an investigation against the company Axact after it was accused by the New York Times of running a network of websites for phoney universities as part of an elaborate scheme that generated tens of millions of ...
Indian Defence Minister admits supporting terrorists in Pakistan ISLAMABAD: Indian Defence Minister Manohar Parrikar, in a shocking and radical statement, has asserted that terrorists have to be neutralized only through terrorists."India will take proactive steps to prevent a 26/11 type attack," Press Trust of India quoted him saying.Commenting on the shocking utterances of the Indian Defence Minister, a defence analyst said the statement was appalling and beyond comprehension.Speaking at an event in New Delhi, the minister used the Hindi phrase "kante se kanta ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln