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Apropos 'Alibaba surges in Wall Street debut' carried by Business Recorder on Saturday, the world seems to have been stunned by the market debut of this company - Alibaba. According to reports, by raising $25.02 billion, Chinese online giant Alibaba broke the record for the largest initial public offering in history, after investment underwriters exercised the option for 48 million extra shares, bringing the total to 368 million.

Can one imagine the amount of gas being wasted in large central air-conditioning plants when correct technology would have saved up to 40 percent gas? A typical large hospital using our precious and scarce gas for 5,000 tons air-conditioning could have generated up to 4 MW power free of fuel costs if efficient combined heat and power systems had been designed to supply both 5,000 tons air-conditioning and up to 4 MW power load!
Apropos 'Border dispute overshadows Xi' India trip' carried by Business Recorder in its yesterday's issue, it is interesting to note that New Delhi has chosen this occasion to raise a highly contentious issue. According to reports, Indian Prime Minister Narendra Singh Modi informed Chinese President Xi Jinping about his concerns in relation to a tense situation on Sino-India border.
There is a highly positive development in the midst of political impasse in the country. According to reports, Pakistan People's Party (PPP) has asked Pakistan Muslim League-Nawaz (PML-N) to constitute a permanent Parliamentary Committee on National Security with a view to thoroughly deliberating national security and foreign policy issues with all stakeholders, including the military.
According to DCO Chiniot, Irshad Ahmed, after 1992's deluge it is the worst flood that has affected 132 villages in the three tehsils and destroyed crops over 57,546 acres of land. The calamity is profound, indeed. Rains and flooding have wrought massive destruction in Azad Jammu and Kashmir and Punjab. The Kashmir occupied by India also presents a similar picture. It is heartening to note that Prime Minister Nawaz Sharif and Punjab Chief Minister Shahbaz Sharif seem to have appreciated the criticality of the situation. They have been telling flood-affected people that they will continue their efforts until all flood-hit families are rehabilitated and get due compensation for their losses.
Dr Tahirul Qadri had asked people to scribble banknotes. He wanted people to write 'Go Nawaz Go' slogan on every currency note to step up pressure on an embattled prime minister to quit without any further loss of time. Later, he suspended his campaign following a strong reaction of the central bank to his utterly unlawful move. The following is the full text of a gazette notification that explains why Qadri's and similar moves fall in the category of illegal and unlawful activities.
The lead editorial on the above subject (September 11, 2014) is both timely and to the point. Fertilizer and captive power plants must be made to pay a tariff that would ensure that demand is no more than what can (or should) be supplied!

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln