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Maduro off to China, Vietnam in 'difficult times' CARACAS: Venezuela's socialist President Nicolas Maduro will go cap in hand to China and Vietnam at the weekend, with his oil-rich country mired in recession.Maduro, under pressure to alleviate crippling shortages of even the most basic everyday goods, announced the trip Friday at a rally outside the presidential palace in Caracas.Venezuela, hard-hit by plunging global oil revenues and reeling from soaring crime, needed heavyweight financial support in "difficult times," he said."Tomorrow I will go to Vietnam and China to make arrangements for the economic and financial security of Venezuela," he told supporters, saying he had invitations from Chinese President Xi Jinping and his Vietnamese counterpart President Truong Tan Sang.To raise badly needed cash, Maduro's government in April secured a $5 billion loan from Beijing, a major political and economic ally. China -- which is ramping up its presence in South America -- has been a key supporter of Venezuela since ...

Obama to wage climate fight at Alaskan frontline WASHINGTON: Alaska is often just a fuel stop for US presidents headed for Asia.But Barack Obama will spend three days in The Last Frontier next week and become the first sitting US president to visit the Alaskan Arctic, the setting of the most spectacular impacts of climate change.Just three months ahead of the United Nations climate conference in Paris, the US president wants to shore up public support to tackle what he calls "one of ...
Malaysia braces for protests against embattled PM KUALA LUMPUR: Malaysia's capital braced for possible confrontations Saturday between demonstrators seeking the premier's ouster over corruption allegations and police who have declared their planned two-day street rally illegal.The country's leading civil society alliance vows to turn out tens of thousands of people in Kuala Lumpur and two other cities for the weekend demonstration, which is due to kick off at 0600 GMT on Saturday.The demonstrations by pro-reform alliance Bersih, which means "clean" in Malay, ...
Dollar rises on return of calm in markets, US data NEW YORK: The dollar gained for a fourth straight session on Friday, buoyed by calmer financial markets and generally positive US data that supported the notion that the world's largest economy was on a stable growth path.The dollar index, a gauge of the greenback's value against six major currencies, had bounced back from seven-month lows struck on Monday and was on track for its largest weekly gain in a month. "Overall, markets are finally starting ...
Finance Minister chairs meeting on IT issues ISLAMABAD: Minister for Finance, Senator Mohammad Ishaq Dar Friday chaired a meeting to devise a mechanism for resolving issues of Ministry of Information Technology about outstanding payments to Universal Service Fund.Minister of State for Information Technology Ms. Anusha Rehman Khan was also present in the meeting.Auditor General of Pakistan, Rana Assad Amin briefed the Minister that a fair, transparent and efficient mechanism has been envisaged to resolve the issue on permanent basis.Minister of State for ...
Aziz condemns killing of civilians in Indian firing on working boundary ISLAMABAD: Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz Friday condemned unprovoked Indian firing on the Working Boundary resulting in deaths of six innocent civilians and injuries to 47 others.The firing occurred in Harpal and Chaprar Sectors in which innocent civilians including women and children were killed.He has conveyed his heartfelt condolences to the bereaved families and prayers for the quick recovery of the injured. The Adviser has also expressed ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln