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Prime Minister Nawaz Sharif chaired an important meeting here on Tuesday which discussed important national issues, including energy situation and progress on the implementation of the National Action Plan (NAP) to combat terrorism. The meeting was attended by Chief Minister Punjab Shahbaz Sharif, Minister for Finance Ishaq Dar and Minister for Interior Chaudhry Nisar Ali Khan.

The Sindh Assembly on Tuesday asked the federal government to continue 650 megawatts of power to Karachi and feared that the electricity cut would hit public life severely. As the federal government's Power Purchase Agreement (PPA) with K-Electric expired this month, opposition and treasury jointly asked Islamabad that the cut would not help resolve power crisis in the country either.
The government is to release Rs 40 billion to Pakistan State Oil (PSO) for opening a Letter of Credit (LC) to import furnace oil and other petroleum products, Petroleum Ministry officials told Business Recorder here on Tuesday. Officials said that within next one week four ships carrying furnace oil will dock at Karachi Port. According to them, the Ministry of Finance has directed National Bank of Pakistan (NBP) to facilitate PSO in opening LCs with international fuel suppliers.
In order to overcome the growing demand of electricity in the metropolis, KE has signed an accord with one of the biggest Engineering and construction companies in China, called China Machinery Engineering Corporation (CMEC), which specialises in construction of power projects in Generation, Transmission and Distribution.
The government has decided to announce an upfront tariff for transmission line projects to be funded by the private sector, sources close to Minister for Water and Power told Business Recorder. Giving the details, the sources said, the Economic Co-ordination Committee (ECC) of the Cabinet approved a policy to attract private sector investment in transmission line projects on 30th October, 2014.
The retiring Chairman Senate Standing Committee on Water and Power, Senator Zahid Khan and Ministry of Water and Power are said to have locked horns over the issue of inauguration of a grid station. On Tuesday, Senator Zahid Khan presided over a meeting of the Standing Committee in a hall of the parliament lodges which was neither attended by the Minister, senior bureaucrat nor any official of attached department.
Dubai airport has soared ahead of London's Heathrow, riding a boom in long-haul flights between Asia and the West to become the world's top international travel hub, it said Tuesday. Traffic at the airport increased 6.1 percent last year to 70.47 million passengers, Dubai Airports said, adding that it expected a further surge in traveller numbers in 2015.
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Index Closing Chg%
Arrow DJIA 17,387.21 1.65
Arrow Nasdaq 4,681.50 1.89
Arrow S&P 2,029.55 1.34
Arrow FTSE 6,811.61 0.60
Arrow DAX 10,628.58 1.57
Arrow CAC-40 4,624.21 1.09
Arrow Nikkei 17,768.30 1.72
Arrow H.Seng 24,807.28 0.41
Arrow Sensex 29,571.04 1.00

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln