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US has best economic cards amid 'volatile few weeks': Obama NEW ORLEANS: President Barack Obama said on Thursday that the United States economy is strong and urged the U.S. Congress to quickly pass a budget and prevent a government shutdown to avoid contributing to global economic uncertainty."It's been a volatile few weeks around the world. There's been a lot of reports in the news, and stock markets swinging, and worries about China and about Europe," Obama said in a speech."But the United States of America, for all the challenges we still have, continues to have the best cards. We just have to play them right," he said.Copyright Reuters, 2015 ...

Govt takes various initiatives for promotion of education: Baligh ISLAMABAD: State Minister for Education and Training Muhammad Baligh ur Rehman on Thursday informed the Senate Standing Committee on Federal Education and Professional Training that present government took various initiatives for promotion of education and allocated more funds for research and development as compared to past.The committee meeting was held under the chairmanship of Senator Rahlia Magsi at Parliament House.Briefing the committee, the minister said, Higher Education Commission and other related department are arranging seminars ...
PML-N takes bold decision to contest by-elections: Siddiqui ISLAMABAD: Special Assistant to the Prime Minister Irfan Siddique Thursday said that the Pakistan Muslim League (PML-N) had taken a bold decision to contest by-elections. "The Pakistan Tehreek-e-Insaf (PTI) should now accept the challenge," he said talking to Pakistan Television. Irfan Siddiqui he said the decision to go to the court of people was taken in a meeting chaired by Prime Minister Muhammad Nawaz Sharif. "Our umpire are people of Pakistan," he added.He said Sardar ...
FAP for practical steps to stable rupee, increase exports KARACHI: The Forex Association of Pakistan's (FAP) Thursday urged the government to compensate exporters by offering maximum rebate in utilities to enhance their margin of profit instead of further devaluing rupee.The rebates to the exporters should be linked to increase in their exports volume, FAP President Malik Muhammad Bostan said talking to APP.Malik opined tht further devaluation would increase the country's import bill and push inflation high while the government would have to pay more ...
PAC directs AGP to conduct special Audit of COMSATS University ISLAMABAD: Public Accounts Committee (PAC) Thursday directed the Auditor General of Pakistan (AGP) to conduct a Special Audit of the COMSATS University.The PAC met here under the chairmanship of Syed Khursheed Ahmed Shah and discussed audit paras of the Finance Division for year 2009-10. All members of the committee were present in the meeting.The Chairman, Syed Khursheed Ahmed Shah said that COMSAT university had inked agreement with a British University without prior approval. It has ...
Saira for urgent action to improve family health ISLAMABAD: Minister of State National Health Services, Regulation and Coordination Saira Afzal Tarar Thursday said population welfare program is priority agenda of the present government.Addressing the national seminar on Population Family Welfare, she said Pakistan's current population is estimated at 191 million. "Population growth rate is 1.92% annually that means a net annual addition of 3.5 million persons in the existing population."She added this scenario presents a daunting challenge to national efforts of economic development ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln