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The government on Tuesday partially increased the prices of petrol and High Speed Diesel (HSD) while it made no change in prices of other petroleum products. According to an announcement of the Ministry of Finance, the reduction/adjustment in prices has been made through adjusting General Sales Tax (GST) and Petroleum Levy (PL).

A meeting of the Inter Provincial Coordination Committee (IPCC) has reportedly directed Ministry of Petroleum to alleviate the concerns of the Singh government with respect to oil and gas matters, it was learnt.
National Electric Power Regulatory Authority (Nepra) has notified the refunds of Rs 1.23 per unit to the consumers of K-Electric for December 2014 and Rs 2.08 per unit for Power Distribution Companies (Discos) for January 2015. Lifeline consumers are not eligible for refund. K-Electric overcharged consumers in December 2014 whereas Discos sent higher bills to consumers on the estimated cost of furnace oil.
The Federal Board of Revenue (FBR) has enlarged the scope of exemption available for profits and gains derived by a taxpayer from an electric power generation project set up in Pakistan on or after the 1st day of July, 1988.
Finance Minister Ishaq Dar has sent a proposal to the President of Pakistan through the Prime Minister for constitution of the 8th National Finance Commission (NFC) on Tuesday as the government of Singh has now nominated Saleem Mandviwala as its member.
A massive power cut caused chaos and shut down public transport across Turkey on Tuesday, with the government refusing to rule out that the electricity system had been the victim of an attack. The nation-wide power cut, the worst in 15 years, began shortly after 10:30 am (0730 GMT) in Istanbul, the state-run Anatolia news agency quoted the Turkey Electricity Transmission Company (TEIAS) as saying.
After several negative sessions, the Karachi share market on Tuesday made a smart recovery and for the first time in the history of the bourse, the benchmark KSE-100 index gained over 1,300 points in a single-day trading. "Stocks witnessed record surge as SECP dispelled rumours leading to a record one-day fall on Monday" said Ahsan Mehanti director Arif Habib.
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  • »

 



 
Index Closing Chg%
Arrow DJIA 17,776.12 1.11
Arrow Nasdaq 4,900.89 0.94
Arrow S&P 2,067.89 0.88
Arrow FTSE 6,773.04 1.72
Arrow DAX 11,966.17 0.99
Arrow CAC-40 5,033.64 0.98
Arrow Nikkei 19,206.99 1.05
Arrow H.Seng 24,900.89 0.81
Arrow Sensex 27,957.49 0.07





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln