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Pakistan is likely to disregard PPRA rules to ensure $35 billion Chinese investment in energy sector projects within the next five years, well informed sources told Business Recorder. The source claimed this assurance has been given to Vice Administer of National Energy Administration (NEA) of China Zhang Yuning at a recent meeting of the first Energy Planning Working Group of China-Pakistan Economic Corridor held on April 15, 2014 in Islamabad.

Minister for Water and Power, Khawaja Asif said on Wednesday that ghost of circular debt is still haunting despite making heavy payment by the government. Some power plants were still lying idle for fear of circular debt. Talking to the mediapersons after the signing ceremony of 50MW wind energy projects, Minister for Water & Power, Khawaja Asif said the tug of war between federal government and power thieves was going on and power plants were lying idle due to fear of increase in the circular debt.
The Supreme Court on Wednesday directed the federal government that the process of 3G/4G spectrum auction should be carried out without any interruption. A three-member bench headed by Justice Jawwad S. Khawaja resumed the hearing of a petition filed by Khurram Shehzad Chughtai, an IT expert, who had sought a court order for the government to complete the process of auctioning 3G spectrum licences on an urgent basis.
Pakistan People's Party (PPP) has submitted two calling attention notices to the National Assembly Secretariat on the auction for 3G and 4G licences and a new soaring circular debt. The notices submitted by PPP MNAs Dr Azra Fazal, Imran Zafar Leghari, Shazia Atta Marri, Dr Nafisa shah and Shahida Rehmani on Wednesday state: "We would like to bring the attention of this august house towards the rising menace of circular debt of Rs 286 billion under rule 88 of rules & procedures of national assembly."
Bulls roared back on the back of the news of a meeting between Prime Minister Nawaz Sharif and former President Asif Ali Zardari on Wednesday. The KSE-100 Index witnessed a jump of 362 points to close at 29,458 points amid healthy volumes. During the intraday trading, the index touched 29,474 highest and 29,095 lowest levels. The trading side also registered growth and the volumes at the ready counter rose to 391.632 million shares from 386.665 million shares.
Bulls roared back on the back of the news of a meeting between Prime Minister Nawaz Sharif and former President Asif Ali Zardari on Wednesday. The KSE-100 Index witnessed a jump of 362 points to close at 29,458 points amid healthy volumes. During the intraday trading, the index touched 29,474 highest and 29,095 lowest levels. The trading side also registered growth and the volumes at the ready counter rose to 391.632 million shares from 386.665 million shares.
The Economic Co-ordination Committee (ECC) of the Cabinet on Thursday (today) is expected to allow gold import through select major gold importers, well-informed sources in the Commerce Ministry told Business Recorder. The ECC headed by the Finance Minister Ishaq Dar had extended a ban on the import of gold till April 30, 2014 and directed the Commerce Ministry to bring a summary to the meeting.
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Index Closing Chg%
Arrow DJIA 16,424.85 1.00
Arrow Nasdaq 4,086.23 1.29
Arrow S&P 1,862.31 1.05
Arrow FTSE 6,584.17 0.65
Arrow DAX 9,317.82 1.57
Arrow CAC-40 4,405.66 1.39
Arrow Nikkei 14,417.68 3.01
Arrow H.Seng 22,696.01 0.11
Arrow Sensex 22,277.23 0.92





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln