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Governor State Bank of Pakistan Ashraf Mahmood Wathra unveiled a Rs 20 commemorative coin at State Bank of Pakistan Museum on Friday to mark "Pakistan-China Year of Friendly Exchange 2015." The ceremony was also attended by Dr Mu Yong Peng Vice Consul General Chinese Consulate, Chinese media and dignitaries.

Civil Aviation Authority (CAA)-Pakistan is likely to face an average financial loss of around US $480,000 per day after the recommendation made by the European Aviation Safety Agency (EASA) to the foreign airlines for not using Pakistan's airspace, due to potential terrorist threats; it was learnt here on Friday. According to sources, the recommendation was based on the reports of National Aviation Authorities (NAA), which indicated the existence of an increased risk to the safety of international civil flights, due to potential terrorist attacks in Pakistan.
The Federal Board of Revenue (FBR) is examining a proposal to further increase sales tax on the import and local supply of four petroleum products ie motor spirit including High Octane Blending Component (HOBC); kerosene oil; light diesel and high speed diesel oil from February 1, 2014.
The effective rate of sales tax is 4 percent of 60 major sectors/industries during 2014-15 against the existing standard rate of 17 percent sales tax. According to the data compiled by the FBR here on Friday, the FBR has finalised a sector-wise comparative report on the effective rate of sales tax of 60 major sectors during July-December (2014-15) against the corresponding period of 2013-14.
Prime Minister Nawaz Sharif on Friday suspended Managing Director National Transmission and Dispatch Company (NTDC) Tahir Mahmood and General Manager of National Power Control Centre (NPCC) Mohammad Saleem over the massive nationwide power blackout last week. On January 24, the entire country plunged into darkness after Baloch insurgents destroyed Uch-Sibi transmission line.
The Azad Jammu and Kashmir (AJ&K) government has decided to offer 48 MW Jagran-II hydropower project for rebidding after a controversy emerged in the award of the project. Chaudhry Yasin, Minister for Irrigation, AJ&K, who is also head of the AJK hydroelectric board, told Business Recorder that he took this decision at a meeting of the board to ensure transparency in the award of this important project.
The trade and industry was all praise as the federal government Friday reduced the cost of bank borrowings for exporters. The 'welcome' move, as president FPCCI Mian Idrees called it, envisages a downward revision by 1.5 percent of the annual financing rates and services charges under the central bank's Export Finance Scheme (EFS) and Long Term Financing Facility (LTFF).
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Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
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Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln