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A paramilitary soldier was killed in an exchange of fire with militants who entered Pakistani territory from Afghanistan on Friday, the military said. The incident happened in Muslam Bagh sector in Balochistan near the Afghan border. "About 70 to 80 terrorists intruded from (the) Afghanistan side into Pakistani territory," the military said in a statement. It added Pakistani troops stopped the intruders but during the exchange of fire a paramilitary Frontier Corps (FC) soldier was killed.

The chairman of banking giant HSBC warned on Friday that uncertainty over the economic future of Scotland could lead to "capital flight" if it votes to leave the United Kingdom next month. Writing in British daily The Telegraph, HSBC head Douglas Flint said the currency union with England was an "anchor" for Scotland's stability and leaving it "would be complex and fraught with danger".
Kiev accused Moscow of invading as Russia unilaterally drove a mammoth aid convoy across war-torn east Ukraine on Friday and warned against any attacks on the trucks. The European Union said it "deplored" Russia's decision to order in the convoy without consent and called on Moscow to withdraw the trucks. Scores of white lorries snaked across rebel-held territory after Moscow abruptly called time a week of haggling with Kiev, despite Red Cross officials refusing to provide an escort because of security concerns.
Shia militiamen gunned down 70 people in an apparent revenge attack at an Iraqi Sunni mosque Friday, dealing a blow to government efforts to regain territory seized by jihadist-led militants. The shooting in the Hamreen area of Diyala province will increase already significant anger among Iraq's Sunni Arab minority with the Shia-led government, undermining an anti-militant drive that ultimately requires Sunni co-operation to succeed.
Argentina lashed out Friday at the US judge blocking it from servicing its debt, saying he was "ignorant" of democratic institutions after he branded its move to pay bondholders against his orders illegal. The Argentine government has asked Congress for authority to repay creditors in Buenos Aires instead of New York to circumvent a court order by US District Judge Thomas Griesa that has forced the country into its second default in 13 years.
Acclaimed Indian writer Udupi Rajagopala-charya Ananthamurthy, famed for his novels and poems, died Friday at the age of 82 from renal failure. Ananthamurthy, who wrote in the southern regional language known as Kannada, died in hospital in the high-tech city of Bangalore after being put on life-support when his kidneys failed. He "did not recover from renal failure", a Manipal Hospital spokesman told reporters.
The Karachi share market witnessed another lacklustre session amid thin trading on the last trading day of the week Friday. The benchmark KSE-100 index moved slightly up by 7 points to close at 28,872 points compared to 28,865 points Thursday. "Stocks closed higher amid thin trade on cautious activity in the corporate earnings announcement session after the Senate approved resolution affirming supremacy of the constitution and the parliament," said Ahsan Mehanti, an analyst at Arif Habib.


Index Closing Chg%
Arrow DJIA 17,001.22 0.22
Arrow Nasdaq 4,538.55 0.14
Arrow S&P 1,988.40 0.20
Arrow FTSE 6,775.25 0.04
Arrow DAX 9,339.17 0.66
Arrow CAC-40 4,252.80 0.93
Arrow Nikkei 15,539.19 0.30
Arrow H.Seng 25,112.23 0.47
Arrow Sensex 26,419.55 0.23

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln