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A massive earthquake killed more than 1,200 people Saturday as it tore through large parts of Nepal, toppling office blocks and towers in Kathmandu and triggering a deadly avalanche at Everest base camp. Officials said at least 1,170 people are known to have died in Nepal, making it the quake-prone Himalayan nation's worst disaster in more than 80 years.

The Prime Minister Nawaz Sharif spoke to the Prime Minister of Nepal Sushil Koirala from London and extended his deep condolences on the massive earthquake that struck Nepal Saturday morning resulting in extensive loss of life and property. On PM's directions relief goods, including medicines, doctors and nurses as well as tents and blankets etc are being sent to Kathmandu.
Finance Minister Ishaq Dar has said that all political parties would be taken into confidence over China-Pakistan Economic Corridor (CPEC) on the return of Prime Minister Nawaz Sharif from his visit abroad Speaking at a news conference along with Secretary Finance Dr Waqar Masood and Chairman Employs Old-Age Benefit Institution (EOBI) here on Saturday, the Finance Minister said that all the heads of political parties would be given a briefing by Ministry of Planning, Development and Reforms on the return of the Prime Minister from his visit abroad.
The budget preparation exercise (2015-16) kicked off here at the Federal Board of Revenue (FBR) with specific focus on measures meant for providing major relief to the general public during the next fiscal year. Sources told Business Recorder here on Saturday that the FBR House remained open on April 25 for initiating budget preparation exercise.
Pakistan Muslim League-Nawaz (PML-N) Saturday said that Pakistan Tehreek-e-Insaf (PTI) was unable to provide any plausible evidence to the General Election Inquiry Commission (GEIC), as it failed to quantify the effect of the alleged irregularities on the votes cast for or against the candidates of various political parties. The GEIC formed to probe alleged rigging in general election on April 23 said in its order that certain allegations have been made against PML-N and MQM by Pakistan Tehreek-e-Insaf (PTI) and Jamaat-e-Islami, (JI) respectively.
European finance ministers on Saturday backed efforts to fight rampant tax avoidance by multinationals in the wake of the LuxLeaks scandal, but European Union members face tough negotiations to work out the details. Under a new plan the bloc's 28 countries would share tax deals agreed with some of the world's biggest multinationals, ending the secrecy that allowed member states to often compete against each other to attract business and investment.
Thousands of Australians and New Zealanders on Saturday thronged the beaches of Turkey's Gallipoli peninsula to remember the heroism and sacrifice of their forefathers in the World War I campaign against the Ottoman Empire 100 years ago. Troops from the Australian and New Zealand Army Corps (ANZAC) launched their first amphibious assaults on the peninsula in what is now western Turkey on April 25, 1915, splashing through the waters into a rain of Ottoman gunfire.
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln