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Prime Minister Nawaz Sharif has directed State Bank of Pakistan (SBP) and federal enforcement agencies to take effective steps towards eliminating terrorism financing, official sources told Business Recorder. Prime Minister gave these directions to the SBP and law enforcement agencies during the federal cabinet meeting on 24 August after a detailed discussion on the National Action Plan (NAP) - 6 days before Dr Asim Hussain, former Federal Minister for Petroleum and Natural Resources and a close aide of former President and Co-Chairman PPP, Asif Ali Zardari, was given into the custody of Rangers.

Karachi Corps Commander Naveed Mukhtar met Sindh Chief Minister Qaim Ali Shah and Governor Ishratul Ebad, and discussed the law and order situation. The meeting comes in the backdrop of arrest of Sindh Higher Education Commission on charges of terror financing. Sindh Chief Minister Qaim Ali Shah publicly criticised Sindh Rangers for Dr Asim's arrest and said that he, being the head of targeted operation, should have been taken into confidence. Sources add that law and order situation also came under discussion in the meeting.
Chief of Army Staff (COAS) General Raheel Sharif on Tuesday called on Prime Minister Nawaz Sharif and discussed with country's security situation, ongoing targeted operation in Karachi, rehabilitation work in FATA and the recent visit of US National Security Advisor Susan Rice. Reports said the two leaders exchanged views about the Afghanistan situation.
Managing Director (MD) Sui Southern Gas Company (SSGC) Khalid Rahman informed a parliamentary panel on Tuesday that officials detained by Rangers were involved in funding militant groups. "Eight officials of SSGC top management have gone underground after the recent action by Rangers and I am the only one left in the Company," Khalid Rahman informed National Assembly Standing Committee on Petroleum and Natural Resources here on Tuesday.
World stock indexes and commodities slumped on Tuesday as weak Chinese data revived fears about the effect of China's economic health on the global economy and fuelled more market turmoil. Oil prices settled down sharply, with Brent falling back below $50 a barrel on concerns about global demand for petroleum and ending a three-day rally that pushed crude up more than 20 percent.
Poly-GCL Petroleum Group of China has agreed with Ocean Pakistan Limited (OPL) to invest $500 million in exploration of oil/gas sector of Pakistan. The two companies reached an agreement during a recent visit of a seven-member delegation of Poly-GCL Petroleum Group delegation led by Chairman, Barton Yu.
Pakistan has categorically conveyed to the US that skepticism over the ongoing counter-terrorism operations will not be in anybody's interest, as the country's security forces are conducting an across-the-board military operation against all terror outfits, including the Haqqani network. This was stated by a senior government official privy to the discussions held during the recent visit of US National Security Adviser Susan Rice to the country.
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln