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Iran nuclear talks to resume May 12 in Vienna: EU BRUSSELS: Negotiations seeking a definitive accord on Iran's nuclear programme will resume on May 12 in Vienna, the European Union and Tehran said Tuesday.EU negotiator Helga Schmid and her Iranian counterparts Abbas Araghchi and Majid Takht Ravanchi "will resume their work on 12 May in Vienna," the EU diplomatic service said in a statement.The political leaders of the other world powers involved in the negotiations will join the talks on May 15, the statement said.Iran's Deputy Foreign Minister Abbas Araghchi, speaking on state television in Tehran, confirmed the plans."We will resume negotiations next Tuesday up to Friday when the G5+1 (global powers) will join us and we will arrive at some conclusions," said Araghchi, who is part of an Iranian tean currently taking part in expert-level talks in New York, on the margins of a UN disarmament summit.Iran and the G5+1 -- the five permanent members of the UN Security ...

Political instability prevents foreign investment in country: Khaqan ISLAMABAD: Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi Tuesday said foreign investment did not come when there was political instability in the country.Sit-ins of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) had inflicted a huge loss to the national economy and masses, as the Chinese President could not visit Pakistan in September 2014, due to these sit-ins, he said while talking to a news channel.The minister said if sit-ins were not ...
Treasury yields hit 5-month highs; stocks, dollar fall NEW YORK: Long-term US Treasury yields hit their highest level of 2015 on Tuesday as investors reassessed the chances of a September interest rate hike by the US Federal Reserve, while global stock prices fell on uneasiness about US and Asian growth. The stand-off between Greece and its creditors also curbed appetite for equities. "Greece is not going to get sorted out any time soon. At the moment, I'm more bearish than bullish and I ...
Corps Commanders take serious notice of RAW's hand in terrorism in Pakistan RAWALPINDI: The Corps Commanders' Conference on Tuesday took serious notice of Indian intelligence agency, RAW's involvement in whipping up terrorism in Pakistan.Chief of Army Staff (COAS), General Raheel Sharif presided over the Conference held here at General Headquarters.Speaking to the forum, the COAS said with an overwhelming support of the entire nation, operation Zarb-e-Azb has inflicted significant damage on terrorists.Emphasizing the continued precision targeting of terrorists, squeezed in isolated pockets in FATA, the COAS directed ...
Solar energy to bring revolution in industrial sector: Baleegh-ur-Rehman ISLAMABAD: Minister of State for Education, Training and Standards in Higher Education Muhammad Baleegh-ur-Rehman Tuesday said that solar power would bring a revolution in industrial sector.Talking to PTV, he said 100 megawatt electricity, produced through the Bahwalpur solar power project, has been added in the national grid."Bahawalpur is a suitable place for this plant because it is desert area where sunrays are available in sufficient quality and quantity," he said.Baleegh said that this solar project ...
Innovation, research must to enhance competitiveness in economy: Ahsan ISLAMABAD: Federal Minister for Planning, Development and Reforms Ahsan Iqbal Tuesday said innovation and research with adoption of new technology was needed to enhance competitiveness in economy. "International economic institutions and media now consider Pakistan as an emerging economy and recent $46 billion huge investment from China in infrastructure and energy attract the international community to invest here," he said addressing the 13th convocation of University of Engineering and Technology (UET) Taxila.The minister said the ...


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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 04, 2015
Reserves $17.491 bln