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Saudi-led Gulf OPEC members will reject pressure to shoulder the cost of cutting oil production alone despite warnings that prices risk sliding further, officials and analysts say. Saudi Arabia, Kuwait, the United Arab Emirates and Qatar, which pump more than half of OPEC's 32 million barrels of daily output, want a solid commitment from all other producers, especially non-OPEC member Russia, to agree to production cuts across the board.

The International Monetary Fund is expected to approve inclusion of China's yuan in its SDR basket of elite currencies on Monday, rewarding Beijing's strong pursuit of the global status. The IMF executive board is scheduled to meet Monday to decide on the recommendation by staff experts earlier in November to include the yuan, also known as the renminbi, alongside the US dollar, euro, Japanese yen and British pound in the grouping.
The Auditor General of Pakistan (AGP) has unearthed burdening of electricity consumers by National Electric Power Regulatory Authority (Nepra) by including Independent Power Producers (IPPs) capital cost of $5.481 billion in tariff as a special favour to investors.
Pakistan Telecommunication Authority (PTA) has recommended Federal Board of Revenue (FBR) that sales tax being charged at the time of registration of IMEI numbers by cellular mobile operators (CMOs) may result in multiple taxation on same mobile phone sets.
China and Pakistan would soon sign an agreement aimed at ensuring transparency in the implementation of energy and infrastructure projects under the China-Pakistan Economic Corridor (CPEC) which is an important part of China's One Belt One Road Initiative.
The Parliamentary Committee on the China-Pakistan Economic Corridor (CPEC), while on a visit to Gwadar, Sunday inspected the Western route of the CPEC. The Parliamentary Committee members led by CPEC Parliamentary Committee Chairman, Senator Mushahid Hussain Sayed, toured the under-construction Western route on a military helicopter escorted by senior officials of the FWO and NHA, as well as local commanders of the CPEC Special Security Division of the Pakistan Army and the Frontier Corps.
Bears dominated the Karachi stocks market throughout the week amid continued foreign selling. The benchmark KSE-100 index ended the week 2.6 percent down at 32,960 points.


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln