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Ministry of Water and Power has said that the government is ready to facilitate K-Electric for meeting electricity requirements of Karachi but the company does not want to renegotiate already expired agreement. Secretary Water and Power Mohammad Younas Dhaga stated during the meeting of Senate Standing Committee on Finance presided over by Saleem Mandviwala that K-Electric wants to resolve its problems through political instead of professional mode.

Senate Standing Committee on Finance has expressed serious concern on bringing serious tax crimes/tax evasion and taxation offences into the ambit of money-laundering - part of the proposed Anti Money Laundering (AML) amendment Bill - due to fear that it would be misused. Chairman of the Committee Saleem Mandviwalla said how he could support making tax regime as part of the AML Bill when entire committee has expressed serious concern and opposed its inclusion in the law primarily because of its misuse fear.
Consul General of the Islamic Republic of Iran Syed Hamayun Amir Khalili has said that work on the Iran-Pak gas pipeline project has restarted. He further said that Iran is also keen in extending co-operation to Pakistan in prevention of floods, construction of dams, promotion of trade and other sectors. He stated this while talking to Khyber Pakhtunkhwa Assembly Speaker, Asaid Qaiser here on Wednesday. Secretary, Provincial Assembly, Amanullah Khan and Additional Secretary, Nasrullah Khan were also present on the occasion.
Govt will sign a deal next month to import gas shipments from Qatar for the next 15 years, a top Pakistani energy official said Wednesday, an agreement that should help tackle country's's chronic gas shortages. The flexible contract will allow Pakistan to import between 200 and 400 million standard cubic feet per day (mmcfd), said Mobin Saulat, head of state-run Inter State Gas systems, which oversees the pipelines.
The Securities and Exchange Commission of Pakistan (SECP) has imposed restrictions on the research analyst/research entity not to promise or assure favourable review in their research reports to a company or industry or sector or group of companies or business group, as consideration to influence business relationship or for the receipt of compensation or other benefits. According to the SECP's Research Analyst Regulations, 2015 issued through SRO.709(I)/2015, the SECP has explained the restrictions for Research Analyst Compensation and Conduct of Business, etc.
Bulls dominate the proceedings at the Karachi bourse Wednesday adding another 402 points to the benchmark 100-index led by oil stocks. The KSE-100 index rose to 35,676.50 points from Tuesday's 35,274.66 that proved to be the session low. The trading turnover further contracted by three percent and stood at 352.72 million shares valuing, however, higher at Rs 13.925 billion or $136 million.
Bulls dominate the proceedings at the Karachi bourse Wednesday adding another 402 points to the benchmark 100-index led by oil stocks. The KSE-100 index rose to 35,676.50 points from Tuesday''s 35,274.66 that proved to be the session low. The trading turnover further contracted by three percent and stood at 352.72 million shares valuing, however, higher at Rs 13.925 billion or $136 million.
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IndexClosingChg%
ArrowDJIA 17,751.39 0.69
ArrowNasdaq 5,111.73 0.44
ArrowS&P 2,108.57 0.73
ArrowFTSE 6,631.00 1.16
ArrowDAX 11,211.85 0.34
ArrowCAC-40 5,017.44 0.81
ArrowNikkei 20,302.91 0.13
ArrowH.Seng 24,619.45 0.47
ArrowSensex 27,563.43 0.38





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln