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Chief of Army Staff (CoAS) General Raheel Sharif chairing a Corps Commander's Conference on Tuesday reaffirmed that the armed forces are fully capable respond to any threat. According to ISPR, the conference was satisfied over a noticeable change in the security situation of the country, adding, "[Pak Army] is fully prepared to respond to an entire spectrum of threat".

The head of the Taliban's Qatar-based political office has stepped down, a statement said, a high-profile resignation within leadership ranks highlighting growing discord over the movement's recent power transition. Underscoring the deepening internal divisions, Tayeb Agha stepped down on Monday as head of the Taliban's political office, set up in Qatar in 2013 to facilitate peace talks.
President Ashraf Ghani has described terrorism as common threat for both Afghanistan and Pakistan and said that Pakistan as a neighbouring country has responsibility to cooperate with Afghanistan in fighting Taliban and other terrorist groups to reduce violence in Afghanistan. Addressing a video conference from his hospital bed in Germany to media outlets, the Afghan president said that confirmation of the death of Mullah Omar by Afghanistan government had forced Taliban to confirm his death.
Three persons killed while 19 injured in unprovoked Indian Boarder Security Forces (BSF) firing on civil population in Bujwat sector of Sialkot working boundary Tuesday morning. The firing is still continuing on different sectors of working boundary Sialkot. A large number of houses had also been damaged in ruthless firing of Indian BSF on civil population on boarder villages of Bujwat.
Pakistan would be unable to capture its textile exports share in the global market if the government continues to burden the sector with heavy taxes and energy tariff, which makes it uncompetitive with other regional competitors. A delegation of All Pakistan Textile Industry (APTMA) met with Finance Minister Ishaq Dar and expressed its concerns over a decline in country's textile and clothing exports.
All Pakistan Textile Mills Association (APTMA) has deferred the August 7 strike of the textile industry for a month after an assurance from Federal Finance Minister Ishaq Dar to resolve industry's viability issues by August 31. APTMA Chairman S M Tanveer while chairing a general body meeting of the members here on Tuesday made this announcement in a press conference at the Punjab office.
Some major trade defence laws were revamped by Senate on Tuesday after 25 years to enable the country to compete in the international market with all the protection of 21st century. The bills which were unanimously passed by the Senate include, (1) the Safeguard Amendments Bill, 2015, (2) The Countervailing Duties Amendment Bill, 2015, (3) The Anti-Dumping Duties Bill, 2015 (4) The National Tariff Commission Bill, 2015.
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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 $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln