Thousands attended funeral prayers for singer-turned-preacher Junaid Jamshed, who was killed in the PK-661 air crash last week, after which he was laid to rest at Darul Uloom Korangi in Karachi amid tears and sobs.The prayers led by religious scholar Maulana Tariq Jameel were held at AKD Ground, DHA Phase 8, after Zuhr on Thursday (today) amid strict security Continue Reading…
Shahid Kapoor and Sonam Kapoor had some strong contenders to fight with before they were crowned the hottest vegetarians by PETA. Like every year, this year too, the organization has released their winners of celebs who are the hottest vegetarians. Being an animal rights organisation, this is one awards category they hold every year. The organisation has honored a lot of celebs in the past who have taken home Continue Reading…
Apple presents enhanced version of iPhone 7, comes with features of a Plus. The amazing phone packs the most powerful chipset built by Apple till date i.e. Apple A10 that comes with dual core processor setup making Apple iPhone 7 Plus one of the fastest smartphones available in the market. 3GB RAM is embedded to provide users with better performance than the standard built and Apple’s iPhone 7 Plus has a better camera built of 12MP on rear and 5MP on front that allows the user to snap best photographs on both sides of the screen Apple iPhone 7’s camera feature include Phase Detection, OIS, HDR and panorama and both the cameras are capable Continue Reading…
US President-elect Donald Trump said Wednesday he will be “leaving his business” to avoid any appearance of a conflict of interest while in the White House, insisting he was not legally bound to do so.
In a series of Tweets, Trump said he would unveil his plans at a December 15 news Continue Reading…
The Pakistan Army on Wednesday contradicted a news item which it said appeared in a section of media and on social media that Chief of the Army Staff General Qamar Javed Bajwa and Chairman Joint Chiefs of Staff Committee General Zubair Mahmood Hayat met Hussain Nawaz, the son of Prime Continue Reading…
The Canadian federal government’s announcement that technology firms will be allowed to bring in top talent in two weeks will be music to the ears of businesses across the country.
Finance Minister Bill Morneau unveiled the plan this week, aimed at making it easier for growing firms and major companies to get access to the highly skilled foreign talent they need that is not available in Canada.
Canadian technology giants Shopify and Hoot suite were among those lining up to Continue Reading…
The central bank pumped in Rs325.00bn into the banking system on Sept 08, in the open market operation. The injection was made in a one day contract at 5.80pc. The central bank had received bids worth Rs341.50bn.
According to the weekly statement of position of all scheduled banks for the week ended Aug 19, deposits and other accounts of all scheduled banks stood at Rs10,165.79bn after a 0.41pc fall over the preceding week’s figure of Rs10,207.59bn. Compared with last year’s corresponding figure of Rs9,020.41bn, the current week’s figure was higher by 12.70pc.
Deposits and other accounts of all commercial banks stood at Rs10,109.37bn against preceding week’s deposits of Rs10,151.25bn, showing a decrease of 0.41pc. Deposits and other accounts of specialised banks stood at Rs56.43bn, up 0.20pc against previous week’s figure of Rs56.31bn.
Bank borrowing rose by 21.43pc against the previous week
Total assets of all scheduled banks stood at Rs13,891.38bn, higher by 1.93pc over preceding week’s figure of Rs13,627.94bn. Current week’s figure is higher by 9.55pc compared to last year’s corresponding figure of Rs12,679.83bn.
Total assets of all commercial banks stood at Rs13,666.16bn, higher by 1.96pc over previous week’s figure of Rs13,403.46bn, while total assets of specialised banks at Rs225.23bn, were higher 0.33pc over the previous week’sRs224.48bn.
Gross advances of all scheduled banks stood at Rs5,040.71bn, smaller by 0.13pc over the preceding week’s figure of 5,047.52bn. Compared with last year’s corresponding figure of Rs4,566.00bn, current week’s figure is higher by 10.40pc.
Advances by all commercial banks fell to Rs4,877.07bn from previous week’s Rs4,884.05bn indicating a fall of 0.15pc, whereas advances of specialised banks stood at Rs163.63bn against previous week’s 163.47bn.
Borrowings by all scheduled banks increased in the week under review. It rose by 21.43pc to Rs1,742.68bn against previous week’s Rs1,435.13bn. Compared to last year’s corresponding figure of Rs1,696.38bn, current week’s figure is larger by 2.73pc.
Borrowings by commercial banks in the week at Rs1,665.24bn were higher by 22.58pc against previous week’s Rs1,358.52bn. Borrowings by specialised banks stood at Rs77.44bn against the previous week’s Rs76.61bn.
Investments of all scheduled banks stood at Rs7,114.16bn against preceding week’s figure of Rs6,962.69bn, showing a rise of 2.18pc. Compared to last year’s corresponding figure of Rs6,293.03bn, current week’s figure is higher by 13.05pc.
Investments by all commercial banks stood at Rs7,071.73bn, higher by 2.20pc against preceding week’s figure of Rs6,919.64bn, whereas investment by all specialised banks stood at Rs42.44bn against preceding week’s figure of Rs43.05bn.
Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs8,26.51bn against previous week’s Rs758.18bn, showing an increase of 9.01pc. Current week’s figure increased by 13.16pc compared to last year’s corresponding figure of Rs730.38bn.
Cash and balances of all commercial banks stood at Rs823.76bn, higher by 9.12pc over previous week’s Rs754.94bn. Cash and balances of all specialised banks were smaller by 15.04pc at Rs2.75bn against the preceding week’s Rs3.24bn.