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16 children die in Gujrat school bus fire LAHORE: Sixteen children and a teacher were killed when their school bus caught fire in Gujrat on Saturday, police said.Seven other children were injured in the blaze which destroyed the vehicle.The van was carrying 24 children to a private school in Gujrat, about 112 kilometres (70 miles) north of the eastern city on Lahore, when it caught fire, local police chief Dar Ali Khattak told AFP."The fire erupted in the vehicle when the children were only a few kilometres from their school," he said.The blaze was apparently caused by a spark when the driver of the dual-fuel van switched from gas to petrol, he said, adding that the fuel gas cylinder was intact.The children were aged between five and 15 years old, he said, adding that a female teacher also died.Another police official, Abid Khan, said the driver fled after the fire.Five of the injured children were in serious condition, ...

11 dead as Philippine troops clash with militants MANILA: Eleven people were killed in the southern Philippines early Saturday as troops clashed with a militant group blamed for the country's deadliest terror attacks, the military said.The fighting left seven Filipino marines dead and nine others wounded on the island of Jolo, said Colonel Jose Cenabre, a local military commander.Four members of the Abu Sayyaf group were also killed in the firefight, Cenabre, the commander of a marine brigade in the area, said in ...
IP project, all other agreements to be pursued: FO ISLAMABAD, ALI HUSSAIN: Pakistan’s foreign policy will not change with Pakistan Muslim League-Nawaz (PML-N) coming into power and all agreements signed by the former government, including Iran-Pakistan gas pipeline project, will be pursued, Foreign Secretary Jalil Abbas Jilani declared on Friday.Addressing a weekly press briefing along with Pakistan ambassador to China Khalid Masood, Jilani said that Pakistan was facing worst energy shortage and it will pursue all available options, including the Iran gas pipeline project, ...
Two arrests after UK fighter jets escort PIA plane LONDON: British police arrested two men on a Pakistan International Airlines plane after fighter jets were scrambled to escort it to a London airport on Friday following an "incident".Police said the men were detained on suspicion of endangering an aircraft after the plane, which was carrying 300 passengers from Lahore to Manchester in northwest England, was diverted to Stansted airport outside London."Two men have been arrested on suspicion of endangerment of an aircraft," police in ...
45 Indian fishermen released KARACHI: Pakistan released 45 Indian fishermen on Friday, a prison official said, following an order from the prime minister as a goodwill gesture.The fishermen boarded a bus to the eastern city of Lahore from where they will cross into India through the Wagha border."We have released 45 Indian fishermen today on the orders from the higher authorities," Sunil Shah, a senior jail official at the Landhi District Jail, told AFP.Caretaker Prime Minister Mir Hazar Khan ...
Three gunned down in Manghopir KARACHI: At least three people have been killed when unknown gunmen opened fire in Manghopir area of the metropolis, rescue sources said Friday. They said that the incident took place in Pakhtunabad area of Manghopir. The bodies were being shifted to a nearby hospital. Identities of the deceased and motive behind the killings were yet to be ascertained.     Copyright INP (Independent News Pakistan), 2013   ...

 



 
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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%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln