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Ministry of Water and Power is stated to have prepared the Electricity Act 2015, according to which private electricity market will be developed for trading, generation and distribution of electricity across Pakistan. This is indeed a right step in the right direction. But, the challenge is the implementation of the concept into reality in a given time frame and its sustainability which has always been a major issue in Pakistan.

After failing for years to win a single order for the Dassault-built Rafale fighter jet, France has scored a string of multi-billion-euro wins in recent weeks and is on a quest for more. Global appetite for the jets has surged as a result of the United States' diminishing influence in the Arab world along with wider security concerns over the rise of Islamic State insurgents - which Paris is more than happy to assuage. Egypt, India and Qatar have all just signed contracts.
Agriculture has traditionally been a source of economic growth in Pakistan. It provides employment to 65% population and accounts for approximately 22% and 70% of the country's GDP and its export earnings, respectively. It also contributes to the industrial base of the country and produces 90% of Pakistan's food and fibre requirements. With three earth filled dams, 19 barrages, 12 link canals, 43 irrigation canals extending over a length of 58,500 kilometers and nearly 100,000 water courses, Pakistan has a huge irrigation system.
"I am so very, very disappointed."
This winter, snow and rainfall in KP, the Punjab, and western Balochistan lasted much longer than usual; both foretell unusually high water flow into the river system this summer. The fact that storage capacity of the dams has been contracting because, during the winter they are dredged on paper, not in reality, will make it a far more challenging scenario.
Dutch navigation company TomTom aims to become a main provider of technology for self-driving cars as it charts its way back to success after seven lean years, chief executive Harold Goddijn said. Goddijn told Reuters that an overhaul of tom-tom's digital mapping architecture lies behind a renaissance that has seen its automotive division win big contracts in recent months, prompting analyst upgrades and a 40 percent surge in its shares.
Scottish nationalists are on course to make historic gains in Thursday's general election and win unprecedented influence in Westminster, ironically energised by their defeat in last year's independence referendum. Over 55 percent of Scots said "No" when asked "should Scotland become an independent country?" in September, seemingly delivering a hefty blow to the Scottish National Party (SNP) that was created in 1934 with the express purpose of splitting from Britain.

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 04, 2015
Reserves $17.491 bln