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Efforts being made to improve railway system: Saad ISLAMABAD: Federal Minister for Railways, Khawaja Saad Rafique Tuesday said that all out efforts were 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 Minister said that railway track system was being repaired so that improvement could be made without further loss of time.He said that the people could afford railway tickets with better facilities.To a question, he said that the people of all the provinces would enjoy the benefits of China-Pak Economic Corridor (CPEC).Khawaja Saad Rafique said that the people would have better rail links to reach Afghanistan and Iran besides promoting business to Turkey and other ...

Developed countries should play role to check global warming: Minister ISLAMABAD: Federal Minister for Climatic Change, Senator Mushahid ullah Khan Tuesday said that developed countries should play role to check global warming affecting environment of many under-developed countries of the world including Pakistan.Talking to Pakistan Television channel, he said that Pakistan was also facing the challenges emerged due to global warming, adding that early warning system about the changing weather could help prevent the people from the big disaster.He said that there was need to ...
PAF fully capable of defending country's sovereignty: Air Chief  KARACHI: We are absolutely aware about the defence of our motherland and PAF is fully capable of defending our sovereignty, said the Air Chief, while addressing the Convocation Ceremony of No 28 Air War Course held at Air War College, Faisal, on Tuesday. Air Chief Marshal Sohail Aman, Chief of the Air Staff, Pakistan Air Force, was the chief guest at the ceremony, a PAF Media Affairs statement said. While addressing the graduating officers, the ...
Eurozone to discuss new Greece request BRUSSELS: Eurozone finance ministers will hold an emergency conference call Tuesday to discuss a last-minute proposal by Athens, just hours before Greece's current bailout expires, Eurogroup head Jeroen Dijsselbloem said."Extraordinary Eurogroup teleconference tonight 19:00 (1700 GMT) Brussels time to discuss official request of Greek government received this afternoon," Dutch finance minister Dijsselbloem said in a tweet.Greek Prime Minister Alexis Tsipras requested a two-year rescue deal with the European Union to save the crisis-hit country, just ...
Novartis to test new pricing model with heart failure drug BASEL: Novartis plans to test a novel pricing model with some customers when it launches its keenly awaited new heart failure drug Entresto, the Swiss company's head of pharmaceuticals said on Tuesday. Entresto, also known as LCZ696, is the first new drug in decades for helping patients whose lives are in danger because their hearts cannot pump blood efficiently. As a result, it is widely expected to generate billions of dollars in annual sales. How ...
Turkey says 'ready to help' Greece out of economic crisis ANKARA: Turkey on Tuesday said it was "ready to help" Greece out of its escalating financial crisis as its embattled neighbour edged closer to default. "We are ready to help Greece survive its economic crisis with cooperation in tourism, energy, trade," Turkish Prime Minister Ahmet Davutoglu said in the capital, Ankara. "We want Greece to be strong... Therefore Turkey will be positive toward any proposal for cooperation," he said in televised comments. Davutoglu added that ...


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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln