Turkey issues final warning to Syria

The Turkish Foreign Minister says there will be nothing left to say to neighbour Syria if military operations against civilians continue.

Turkish leaders, who once backed President Bashar al-Assad, have repeatedly urged him to end violence and make reforms after street protests against his 11 years in power erupted five months ago.

Assad has broadened a military assault to crackdown on the street uprisings demanding his removal since the start of the Muslim fasting month of Ramadan on August 1, when daily protests against 41 years of the Assad family rule gathered momentum.

Govt borrows 155 pc more from banks

The government has borrowed 155 percent more only in five months than a target set for the whole year. The budget target was 166 billion rupees but loans of 418 billion rupees have been taken by the government.

According to SBP report, Govt loans from central bank stand at Rs 336 billion and it took Rs 82 billion from other banks. While in the same period, private sector got loans of Rs 70.86 billion.

Inflow Of $2.40m Recorded In Local Stocks

Both local and foreign investors showed purchasing tendency in investing in Pakistani stock markets, pushing it to a high of the last five months, while the companies and mutual funds favoured selling.
The foreigners collectively invested $2.40million in Special Convertible Rupee Accounts (SCRA) while banks and institutions also sold shares of around $37million.
Friday inflow is recorded at Rs100million. On the other hand, the local companies bought shares of Rs1.50million. Average volume of the local market fell by 9 percent.

Business Foreign Investment Declines By 25 Per Cent

TrendPK.com KARACHI: Foreign investment has fallen since the beginning of the current fiscal year, and collective decline in the first five months was by 25 per cent over last year.
The State Bank reported on Wednesday that Foreign Direct Investment (FDI) could not improve and fell steeply by 52 per cent.
The official [...]

New Monitory Policy on Tuesday: Saleem Raza

Pakistan: State Bank of Pakistan Governor Saleem Raza says that new monitory policy will be announced on Tuesday.

He said foreign exchange reservoirs had reached to the stage of five months from three weeks. Addressing a ceremony in Islamabad, State Bank Governor maintained that national economy was improving, adding that exports and credit demand were increasing. He told that foreign exchange reservoirs are enough to fulfill the needs for five months.