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Finance Minister Ishaq Dar on Wednesday left for Beijing to attend the Memorandum of Understand-ing (MoU) signing ceremony of Asian Infrastructure Investment Bank, (AIIB) as well as to alleviate the concerns of Chinese with respect to power projects. The minister will sign the document for Pakistan as founding member. The ceremony is scheduled to be held on October 24 at Beijing.

Federal Minister for Water and Power Khawaja Muhammad Asif has said that commercial audit report on electricity over-billing is expected to be completed within the next two to three days. The Minister said this while replying to supplementary questions of the members during a question-hour session of the National Assembly.
The Supreme Court was informed Wednesday that Mari Petroleum Limited - an exploration and production (E&P) company working at Zarghun block - will pay the first production bonus of $0.5 million to Balochistan government. A three-member bench led by Justice Jawwad S Khawaja resumed the hearing of a petition of President Tehsil Bar Association, Tando Adam, who had claimed that oil and gas companies of District Sanghar were causing environmental pollution in the vicinity instead of providing infrastructure, jobs and gas facilities to the local population.
Stocks showed strong recovery led by select scrips Wednesday and the benchmark KSE-100 index gained 246 points to close at 29,940 points compared to 29,694 points Tuesday. For the last six sessions, the market remained negative on political uncertainty and profit-taking in select scrips. However, on Wednesday, the market showed some recovery as PAT announced to end sit-in and the SC allowed privatisation of OGDCL.
Stocks showed strong recovery led by select scrips Wednesday and the benchmark KSE-100 index gained 246 points to close at 29,940 points compared to 29,694 points Tuesday. For the last six sessions, the market remained negative on political uncertainty and profit-taking in select scrips. However, on Wednesday, the market showed some recovery as PAT announced to end sit-in and the SC allowed privatisation of OGDCL.
The Federal Board of Revenue (FBR) has assured Overseas Investors Chamber of Commerce and Industry (OICCI) to take up the issue of bilateral sales tax refund/adjustment between federation and provinces at forums like Council of Common Interest (CCI) or Finance Ministry's level in broader consultation with provinces.
The World Bank has strongly suggested to the government to design a mass media campaign to promote online registration of new entrepreneurs and investors with the Securities and Exchange Commission of Pakistan (SECP), Federal Board of Revenue (FBR) and Employees Old-age Benefits Institution (EOBI) under virtual One-Stop Shop (OSS).
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Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln