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President felicitates Venezuelan president on election ISLAMABAD: President Asif Ali Zardari on Friday congratulated Nicolas Maduro on his election as President of the Bolivarian Republic of Venezuela.In his letter of felicitation, the President said the election of Mr. Nicolas Maduro was a befitting tribute to his political sagacity and a manifestation of the trust and confidence which the people of Venezuela had reposed in his leadership.On Pak- Venezuela bilateral ties, the President said that two countries enjoyed friendly relations which were destined to grow further in the years to come.He said that he looked forward to working with the newly elected President of Venezuela to further strengthen relations between the two countries.The President also expressed his best wishes for the personal well-being of the President of Venezuela and for the continued progress and prosperity of the people of the Bolivarian Republic of Venezuela.Copyright Reuters, 2013 ...

Senate approves telecom reform bill with changes MEXICO CITY: A major reform bill to increase competition in Mexico's phone and television markets, dominated by Carlos Slim's America Movil and Emilio Azcarraga's Televisa, was approved by the Senate in the early hours of Friday with some changes.Senators early on Friday made a change that will allow companies to suspend, pending appeal, fines or orders issued by Mexico's competition authority.That waters down the initial bill, which sought to put an end to companies using ...
Spain recognises Maduro as Venezuela's new president MADRID: Spain has recognised the Venezuelan authorities' decision to confirm Nicolas Maduro as the winner of Venezuela's tight presidential election after initially expressing doubts over the outcome of the vote."Now that the constitutional and legal procedures have ended, the government of Spain respects the National Election Board's proclamation of Nicolas Maduro as the president-elect of the Republic of Venezuela," the foreign ministry said in a statement late on Tuesday.Spain's Foreign Minister Jose Manuel Garcia Margallo ...
Capriles urges talks with Venezuelan government CARACAS: Venezuelan presidential election runner-up Henrique Capriles on Tuesday urged the government to open a dialogue after the vote, whose result he disputes, plunged into deadly protests."We are ready to open a dialogue with the government so that the crisis can be ended in the coming hours," Capriles said, addressing his remarks to acting President Nicolas Maduro's government, after demonstrations over the disputed election left at least seven people dead and dozens injured.Copyright AFP (Agence ...
Seven dead in Venezuela vote protests: official CARACAS: Violent protests over the outcome of Venezuela's presidential elections to replace late president Hugo Chavez have left at least seven dead and 61 injured, the attorney general said Tuesday."The most serious thing is that in these violent actions, seven Venezuelans died," said Attorney General Luisa Ortega, adding that 61 were injured. So far, 135 people have been arrested, she said. Copyright AFP (Agence France-Presse), 2013 ...
Peru economy grows 4.9pc LIMA: Peru's economy grew 4.9 percent in February from the same month a year ago, official data showed on Monday in a result that was lower than the 5.7 percent forecast in a Reuters poll. Copyright Reuters, 2013 ...
Chavez heir wins Venezuela vote, opposition cries foul CARACAS: Venezuela's acting President Nicolas Maduro was declared the winner of the election to succeed his late mentor Hugo Chavez by a razor-thin margin late Sunday, but his rival refused to concede defeat.The contested result plunged the deeply divided oil-rich South American country into uncertainty, with the heir of Chavez's socialist revolution declaring victory and opposition leader Henrique Capriles demanding a recount.Fireworks erupted after the National Electoral Council announced that near complete results showed Maduro ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln