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Obama to give keynote address to African Union ADDIS ABABA: Barack Obama will be the first-ever US president to address the African Union on Tuesday, in the culmination of a short tour of the region that has seen him focus on security and human rights.After visiting Kenya, the country of his father's birth, Obama is in the Ethiopian capital, the seat of the pan-African body, where he has already praised the country as a key partner in the war against Al-Qaeda-affiliated Shebab militants in Somalia."Part of the reasons we've seen this shrinkage of Shebab in East Africa is that we've had our regional teams," Obama said, referring to African Union and Somali government troops."We don't need to send our own Marines in to do the fighting: the Ethiopians are tough fighters," Obama said, adding: "We've got more work to do. We have to now keep the pressure on."After talks on Monday with Ethiopian Prime Minister Hailemariam Desalegn, whose ...

Buildings damaged, one missing in Indonesian earthquake JAYAPURA: A powerful magnitude 7.0 earthquake rocked remote eastern Indonesia on Tuesday, seismologists said, damaging several buildings and leaving one person missing.No tsunami warning was issued after the quake, which struck inland in a mountainous, jungle-clad area of Papua province that is sparsely populated. The tremor hit at 6:41 am (2141 GMT Monday), almost 250 kilometres (150 miles) west of the provincial capital Jayapura at a depth of 52 kilometres, the US Geological Survey said."The ...
Clinton pledges to be America's renewable energy president WASHINGTON: Hillary Clinton laid out ambitious plans Monday to invest in solar and other renewable energy if elected US president, drawing a contrast with her fossil fuel-loving Republican rivals."We will make America the world's clean energy superpower," she declared at a campaign event in Des Moines, Iowa, unveiling highlights of a concept she said could ultimately impact every American household.But she declined to weigh in on the controversial Keystone XL pipeline that would send Canadian ...
EU foreign chief in Saudi for talks on Iran, Yemen RIYADH: EU foreign affairs chief Federica Mogherini held talks in Saudi Arabia Monday to explain the agreement she helped broker on Iran's nuclear programme, and to push for an end to Yemen's war.Mogherini met with Foreign Minister Adel al-Jubeir in the latest visit by a top Western official aimed at easing Saudi concerns over the deal with its regional rival.On Tuesday she flies to the Islamic republic to discuss implementation of the July 14 Vienna ...
Sardar Qayyum always struggled for emancipation of humanity: Pervaiz ISLAMABAD: Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid Monday said that former Azad Jammu and Kashmir president Sardar Abdul Qayyum Khan had always struggled for emancipation of humanity.Addressing a reference in memory of the veteran Kashmiri politician here, the minister said, "One cannot believe that Sardar Abdul Qayyum is no more alive. He had a larger than life personality with enormous achievements." He said Sardar Qayyum was like a river which not ...
PML-N to work for further strengthening of institutions: PM ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Monday said that Pakistan Muslim League-Nawaz would work for further strengthening of institutions, Constitution and good governance.After the report of the inquiry commission and reaction of the political forces, a way forward for the stability and strength of the political and democratic system was to be charted out, he added.The Prime Minister was chairing a high level consultative meeting with cabinet members and PML-N leadership, said a press release.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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln