Last update: Tue, 25 Oct 2016 06pm

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The International Monetary Fund (IMF) Managing Director Christine Lagarde on Monday urged Pakistani authorities to focus on three priority areas for economic reforms: reinforce economic resilience, raise the growth rate and make growth more inclusive. Speaking here on Monday at an event titled, "Emerging Markets in the Global World", Lagarde advised the authorities to "find guidance from Pakistan's founder, Muhammad Ali Jinnah, who once said: 'With faith, discipline, and selfless devotion to duty, there is nothing worthwhile you cannot achieve'."
Pakistan was praised Monday by IMF chief Christine Lagarde for emerging from an economic crisis and stabilising its economy, after the country completed its bailout programme. The IMF released the last instalment of a $6.6 billion three-year economic bailout package to Pakistan last month. Lagarde, on her first visit to Pakistan Monday, congratulated Prime Minister Nawaz Sharif "on successfully completing the IMF programme which has helped Pakistan restore its macroeconomic stability", according to a statement from Prime Minister's House.
Finance Minister Ishaq Dar said on Monday that after achieving economic stability, the government's focus in now on growth and acknowledged the downside risk to the economy is associated with the external balance of payment position. Speaking at an event "Emerging markets in the world economy", the Finance Minister recounted the condition of the economy when he assumed charge of Finance Ministry and the efforts he made to take the country out of economic morass.
Gunmen stormed a police training centre in Sariab Road Monday, leaving at least 22 people wounded, hours after another attack killed two customs officers and wounded a third, authorities said. No one immediately claimed responsibility for either attack. In Monday night's attack, between four and six gunmen attempted to enter the hostel of a police training centre in a suburban area of Quetta. Authorities said eight trainees were wounded by gunshot, two of whom were in critical condition. The remaining six were injured when jumping off a roof and climbing a wall.
Two children and another civilian were killed along with a soldier in firing across the border between India and Pakistan, officials from both sides said Monday, as tensions soar between the nuclear-armed rivals. Pakistan's military said an 18-month-old girl and another civilian were killed on its side of the border in unprovoked firing by the Indian army.
Europe suffered a new blow when Belgium conceded it could not give the support needed for the EU to seal a landmark free trade deal with Canada by a late Monday deadline. The development deepened the turmoil in a European Union shaken by a series of crises, particularly Britain's shock June Brexit vote, and highlighted growing popular distrust of international trade deals and the leaders who negotiate them. "We are not in a position to sign CETA," Belgian Prime Minister Charles Michel said after brief talks with the country's regional leaders in Brussels broke up without an accord on the Comprehensive Economic and Trade Agreement (CETA).
An easier trend was witnessed on the money market on Monday as the rupee fell modestly against the dollar in process of trading, dealers said. The rupee extended weekend slide versus the dollar, dropping four paisas for buying and selling at Rs 104.84 and Rs 104.85, they said.