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Defence Minister Khawaja Asif Tuesday severely criticised the United States, saying its flawed policies have pushed the whole region into destabilisation and lawlessness. He was talking to media persons after addressing a two-day international conference on the "Narratives of National Security" organized by the Institute of Strategic Studies, Islamabad (ISSI) in collaboration with United States Institute of Peace, Washington DC (USIP) and Hanns Seidel Foundation (HSF).

The US military likely will keep a slightly larger force in Afghanistan in 2015 than first planned and American troops will have authority to aid Afghan forces in combat if necessary, defence officials said Tuesday. The United States may have to deploy hundreds of additional forces in coming months, beyond the 9,800-strong contingent announced previously, because of a shortfall in troop contributions from Nato members, officials told AFP.
Officials said jet fighters Tuesday killed 20 suspected members of the feared Haqqani network, accused of some of the bloodiest attacks in Afghanistan including a blast that left 57 people dead last weekend. The air strikes were carried out in the Doga Madakhel area of North Waziristan tribal district near the Afghan border, where the military has been mounting an offensive against Islamist militant strongholds since June.
Prime Minister Muhammad Nawaz Sharif arrived here on Tuesday to lead Pakistan's delegation to the 18th Summit of the South Asian Association for Regional Co-operation (SAARC) to present Pakistan's vision of a peaceful neighbourhood with trade and investment being its mainstay. The Prime Minister received a red carpet welcome as he alighted from his special aircraft at Kathmandu's Tribhuvan International Airport.
The weak eurozone economy poses a key threat to global growth, the OECD warned Tuesday, urging more flexibility in fiscal rules for struggling EU members like France and Italy to prevent another recession. Forcing the two major European economies to meet the EU's tough deficit criteria "would likely depress activity further and even risk tipping the euro area into another recession," it said.
Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Tuesday warned of a "bloody revolution". Addressing his party's anti-government sit-in at D-Chowk, he said that the government should stop harassment of his party workers or else there will be a confrontation. "Peaceful protest is our democratic and constitutional right and no one can deny us that right," he added.
Moody's Investors Service yesterday assigned a provisional (P) Caa1 senior unsecured rating to the proposed US dollar Trust Certificates to be issued by The Second Pakistan International Sukuk Company Limited, a special purpose vehicle established in Pakistan, by the Islamic Republic of Pakistan.
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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln