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Pakistan and India have agreed to hold foreign secretary-level talks on August 25, 2014 in Islamabad to carry forward the dialogue process. According to Foreign Office spokesperson Tasnim Aslam, Indian Foreign Secretary Sujatha Singh spoke to Foreign Secretary Aizaz Ahmad Chaudhry over telephone on Wednesday. "During the conversation, it was agreed that the two foreign secretaries would meet in Islamabad on August 25, 2014 to carry forward the dialogue process," she said.

The World Bank on Wednesday offered India up to $18 billion in financial support over the next three years while lavishly praising new right-wing Prime Minister Narendra Modi's "ambitious vision" for the country. Modi's Hindu nationalist Bharatiya Janata Party was elected in May with the biggest electoral majority in three decades on pledges to revive India's sluggish economy, ousting the scandal-tainted, left-leaning Congress party.
The Shiv Sena MPs' stir against the management of Maharashtra Sadan in New Delhi, the Maharashtra government's guesthouse, has taken an ugly turn. Reports that Sena MPs, in a fit of collective rage, forced a staff member, who belonged to the minority Muslim community, to eat a roti, thus forcing him to break his Ramazan fast, sent shock waves through political circles.
Pakistan People's Party (PPP) co-chairman and former president of Pakistan Asif Ali Zardari held a meeting with US Vice President Joe Biden here, a private TV reported. In more than one-hour meeting, which was also attended by other members of the US Congress, both the leaders discussed the ongoing military operation Zarb-e-Azb in North Waziristan.
Privatization Commission Board has approved the appointment of United Bank Limited and Ernst & Young-led consortium as financial advisers (FAs) to undertake the Privatization of Faisalabad Electric Supply Company (FESCO) and Northern Power Generation Company Limited (NPGCL). The Board has also approved Dubai Islamic Bank-led consortium as financial advisers for strategic privatization of Pakistan International Airlines (PIA).
The UN Human Rights Council on Wednesday launched a probe into the Gaza offensive, backing calls by the Palestinians to hold Israel to account despite fierce opposition from the Jewish state. The decision came after a marathon seven-hour emergency session of the top UN human rights body, where the Israelis and the Palestinians traded accusations over war crimes.
The rupee depicted a mixed trend against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee gained 14-paisa versus the dollar for buying and selling at Rs 98.70 and Rs 98.72, they said.
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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln