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Admiral Zakaullah awarded Nishan-e-Imtiaz ISLAMABAD: Chief of Naval Staff, Admiral Muhammad Zakaullah, was awarded Nishan-e-Imtiaz (Military), one of the highest military honours of the country, in recognition of his long meritorious services, exceptionally commendable performance and inspirable devotion to duty Admiral Zakaullah, in all his professional pursuits, has exhibited dynamic leadership skills backed by impeccable moral strength, remarkable professional competence and high sense of responsibility. His exemplary conduct instilled inspiration amongst subordinates and contributed profoundly in development of Pakistan Navy, according to a press release issued by Pak Navy. Admiral Zakaullah was commissioned in June 1978 and won the coveted Sword of Honour from Pakistan Naval Academy. He was also awarded Chief of the Naval Staff Gold Medal at his graduation. During his distinguished career, the Admiral attained vast experience of operational, training and Command assignments.His command appointments included Command of a Destroyer and 25th Destroyer Squadron, Commandant Pakistan Naval Academy, Commander Pakistan Fleet ...

Latvia mourns dead as it marks supermarket disaster anniversary RIGA: Flags flew at half mast Friday across Latvia as it marked the first anniversary of a supermarket roof cave-in that killed 54 people in the country's largest peacetime loss of life.The Maxima store disaster in a suburb of the capital Riga also injured 40 others and left the EU member of two million people reeling. No charges have yet been brought. President Andris Berzins described the collapse in the Zolitude district as "mass murder" ...
WHO confirms DR Congo Ebola-free status GENEVA: The World Health Organization confirmed Friday that the Democratic Republic of Congo was Ebola-free, as 42 days had passed since the last case in an outbreak that killed at least 49 people.The DRC outbreak, which began in August, involved a different strain of Ebola from the one that has claimed more than 5,400 lives in west Africa."The Democratic Republic of Congo is now considered free of Ebola transmission," the UN health agency said in ...
Ukraine shelled from Russian territory: Kiev KIEV: Ukraine's military on Friday accused Russia of shelling its territory for the first time since the signing of a nominal ceasefire in early September."Over the past day, for the first time since the signing of the Minsk agreement, the shooting of Ukrainian territory restarted from the side of the Russian Federation," said Ukrainian military spokesman Andriy Lysenko.Copyright AFP (Agence France-Presse), 2014 ...
Obama vows 'more fair and just' immigration to US WASHINGTON: Pledging to fix America's "broken" immigration system, President Barack Obama offered five million undocumented migrants protection from deportation Thursday, allowing families to emerge from the shadows and seek work permits.In a move that infuriated his Republican critics, Obama said nearly all undocumented people living in country for more than five years and who have a child who is a US citizen or legal permanent resident can apply for three-year work authorization.The president also broadened ...
Britain's Prince Charles to speak out as king: report LONDON: Britain's Prince Charles plans to make "heartfelt interventions" in national life when he becomes king, the Guardian newspaper reported Thursday, citing sources close to the outspoken heir to the throne.The prince, who has long courted controversy with what some see as political meddling, will remain "true to his beliefs and contributions," an unnamed source told the newspaper."Rather than a complete reinvention to become a monarch in the mould of his mother, the strategy will ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln