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Betting on the settlement of circular debt that will relieve the entire energy chain, shareholders in Karachi Electric Supply Corporation are feeling perkier than ever before. The firms stock has been rallying of late, mostly on the pretext of expected reforms by the incoming government in both generation and distribution sector.
Punjabs third-time Chief Minister Shahbaz Sharif is not known for mincing his words. His can-do approach and affinity for personally leading the charge in government initiatives is familiar to all; but then so is the fact that he often promises the moon in his enthusiasm.
Nawaz Sharif made history yesterday by taking charge of the country for the third time. Investors and businesses are expecting the seasoned politician to spur economic activities by channeling the right policies.
You may as well call it the coolest metal; silver boasts the highest thermal and electrical conductivity among all known metals. In simple words, its distinguishable as the metal that would heat up least for a given measure of heat passed through it.
The ongoing fiscal year has entered its final few weeks, and it is now abundantly clear that the Public Sector Development Programme (PSDP) will remain underfunded this year, too.
Despite massive under utilisation of PSDP funds during FY13 so far, cement dispatches in the country have stayed firm. Recall that the PSDP funding went beyond 100 percent of the total allocation in FY12, whereas for 10MFY13, the PSDP release has so far been only 57 percent.
Sustainable economic development necessitates the ready availability of electricity, development of road, rail, port and communication networks and adequate supplies of fuels that drive industry.


Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln