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More foreign buyers eye Chinese drones BEIJING: At least five countries are negotiating with China on buying its domestically developed Wing Loong drone."Wing Loong is quite competitive in the international market and we have delivered it to up to three clients," China Daily quoted Ma Zhiping, general manager of China National Aero-Technology Import and Export Corp, at the 50th International Paris Air Show.Ma's company is the biggest exporter of aviation defence products in China and has a strong presence in the military aircraft market. It belongs to Aviation Industry Corp of China, the country's leading aircraft manufacturer.Established in 1909, the Paris Air Show is held every odd-numbered year at Le Bourget Airport in north Paris. This year's show started on Monday and will last through Sunday. Ma said clients' feedback on Wing Loong is "very positive"."They told us that they are satisfied with the drone's performance. Their uses of the Wing Loong have testified to its ...

India's military steps up rescue on monsoon toll fears DEHRADUN: India's military stepped up efforts on Thursday to reach villages and towns cut off by flash floods and landslides in the country's north as officials warned at least 1,000 people may have been killed.Helicopters and close to 10,000 soldiers have been deployed to reach tourists and pilgrims stranded after floods caused by torrential monsoon rains hit the Himalayan state of Uttarakhand at the weekend.The soldiers were mobilizing to "provide leadership, succour, medical, air and ...
Militants kill six soldiers in Matani PESHAWAR: Militants ambushed an army convoy in Matani late on Wednesday killing six soldiers and wounding two others, military officials said.The vehicles were patrolling the Matani area, 25 kilometres (16 miles) south of Peshawar, the capital of Khyber Pakhtunkhwa province, when they came under attack. "Militants used rockets and small arms and an exchange of fire continued for about 15 minutes," a military official said. Six soldiers embraced "martyrdom" and two were wounded, he said, ...
Microsoft mulled buying Nokia unit: report SAN FRANCISCO: Microsoft was in talks to boost its position in the mobile phone market by buying the devices business from Nokia but failed to seal a deal, the Wall Street Journal reported Wednesday.The Journal cited unnamed sources as saying the US technology titan and the pioneering Finnish mobile phone company were involved in serious talks that recently faltered.Microsoft has been striving to gain ground in a global smartphone market dominated by handsets powered by ...
Delegation of Nankana Sahib District Bar Association calls on CJP ISLAMABAD: “The dispensation of justice is a difficult and intricate task, therefore the bench and bar should work hard to provide justice to litigants at their door-steps,” said Chief Justice of Pakistan, Justice Iftikhar Muhammad Chaudhry.The Chief Justice was addressing a delegation of District Bar Association Nankana Sahib headed by its President Ch. Muhammad Anwar Zahid and comprising other office bearers and members who called on the CJP on Wednesday in the Supreme Court, Islamabad.“The ...
Govt striving to revive economy through comprehensive reforms: Dar ISLAMABAD: Federal Minister for Finance, Senator Muhammad Ishaq Dar has said that government under the leadership of Prime Minister, Mian Muhammad Nawaz Sharif was trying to revive Pakistan's economy through comprehensive reforms.Talking to Ambassador of Korea, Choongjoo Choi who called on him here, the minister said that relations between Pakistan and Republic of Korea have always been warm and cordial and friendships between the two countries will further strengthened with every passing day."Business and investment ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln