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Oil jumped about 5 percent on Thursday, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears of a bigger Middle East battle that could disrupt world crude supplies. The military operation against Houthi rebels, who have driven the president from Yemen's capital Sanaa, has not affected oil facilities of major Gulf producers.

The Port Qasim Authority (PQA) Thursday successfully docked the long-awaited LNG FSRU vessel at Port Qasim amid tight security arrangements. The Belgium-flagged M/v Exquisite brought to Engro's newly-built $135 million Elengy Terminal about 148,517 cubic meters (cbm) of Liquefied Natural Gas (LNG) that would be added to the national grid this afternoon after regasification.
The Cabinet Committee on Privatisation in its meeting chaired by Finance Minister, Senator Ishaq Dar here on Thursday, approved strategic sale of 97 percent shares of Heavy Electrical Complex (HEC) to Cargill Holdings Ltd for Rs 905 million, far in excess of the reserve price set by the Privatisation Commission Board and the Cabinet Committee on Privatization. The Government of Pakistan retains 3 percent of the shares.
Bears kept dominating the Karachi share market which shed another 407.54 points in Thursday's trading. The KSE-100 index slid to 30,678.97 from 31,086.51 points Wednesday. The intra-day high and low were recorded at 31,359.54 and 30,172.93 points, respectively.
Bears kept dominating the Karachi share market which shed another 407.54 points in Thursday''s trading. The KSE-100 index slid to 30,678.97 from 31,086.51 points Wednesday. The intra-day high and low were recorded at 31,359.54 and 30,172.93 points, respectively.
Ministry of Water and Power has reportedly requested Finance Ministry to urgently release Rs 9 billion to Kot Addu Power Company (Kapco) for a Standby Letter of Credit (SBLC). A senior official of Finance Ministry told Business Recorder that a request to this effect has been received recently from Water and Power Ministry and is under consideration.
The Sindh government led by Chief Minister Syed Qaim Ali Shah has reportedly decided to challenge the import of Liquefied Natural Gas (LNG) and its utilisation, TAPI gas utilisation and provision of natural gas to M/s Engro Fertilizer at concessional rates at the Council of Common Interests (CCI), well informed sources in Petroleum Ministry told Business Recorder.
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Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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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 13, 2015
Reserves $16.273 bln