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Causes for Balochistan backwardness to end gradually: President QUETTA: President Mamnoon Hussain Tuesday said that there were several causes for backwardness of Balochistan province which would be addressed accordingly.Talking to the editors, columnists and senior journalists at the Governor House here, he also highlighted the role of government in alleviating the backwardness of the province and rejected the criticism of few elements.The President said that the armed people involved in the unrest were surrendering which was a good sign towards development."Local leadership should not allow anyone to become hindrance in the execution of China Pakistan Economic Corridor (CPEC) as Balochistan would be a major beneficiary of the mega project," he emphasized.He said that the CPEC included several other mega projects such as Gwadar Deep Seaport, motorways and power generation projects, adding that Hazara Motorway, Lahore Motorway and Karachi Motorway were parts of the corridor.He said the work on Hazara Motorway had started. "The Chinese engineers have informed me ...

PM directs to file petition in SC against suspension of Kisaan package's provisions ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Tuesday directed the Attorney General to file a petition in Supreme Court against the suspension of certain provisions to facilitate farmers under the Kisaan package after the Election Commission's decision.Chairing a meeting on the issues faced by the agricultural sector and facilitation to farmers, the Prime Minister said the Kisaan package was for the farmers of entire nation and not specific to any region.The Prime Minister said the ...
SC discharges petition seeking elimination of interest ISLAMABAD: The Supreme Court on Tuesday discharged a petition seeking elimination of interest system in the country.A two-member bench of Supreme Court headed by Justice Sarmad Jalal Osmany discharged the petition.Justice Sarmad Jalal Osmany remarked that we could not open a seminary outside the Supreme Court to teach people about the elimination of interest. He also remarked that those who do not want to take interest should not take it while Allah will ask about ...
SECP to promote understanding of financial markets among youth ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) to foster a correct attitude among future investors, is promoting understanding of the risks and rewards of the financial markets among students.In this regard, the SECP has organized a seminar for the students of RIPHAH International University to educate them about issues the people should consider when deciding to invest, and about the common mistakes made by novice investors in safeguarding their interests, according to statement ...
Twitter makes it easier to grab onto hot 'Moments' SAN FRANCISCO: Twitter made it easier Tuesday to seize hot tweets and high-profile posts from the flood of real-time commentary at the one-to-many messaging service.A new "Moments" feature that promised to let people quickly tune into "the best of Twitter" made its debut in the United States with a promise it would spread wider in the coming months.Hundreds of millions of tweets are fired off daily on Twitter, among them comments from world leaders, celebrities ...
Abbas says does not want violence with Israel to escalate RAMALLAH: Palestinian president Mahmud Abbas said Tuesday he wanted to avoid an escalation of violence with Israel, his most direct comments since unrest has spread in recent days."We don't want a military and security escalation with Israel," he said at a meeting of Palestinian officials, according to official news agency Wafa."We are telling our security forces, our political movements, that we do not want an escalation, but that we want to protect ourselves."Copyright AFP (Agence ...


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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln