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China does not plan to use either its new Asian Infrastructure Development Bank (AIIB) or Silk Road fund to finance the $46 billion Pakistan-China Economic Corridor, with money to come from both countries instead, a senior diplomat said on Friday. President Xi Jinping's trip to Pakistan next week is expected to focus on the corridor, a planned network of roads, railways and energy projects linking Pakistan's deepwater Gwadar port on the Arabian Sea with China's far-western Xinjiang region.

Out of the total $45 billion investment in Pakistan, China will invest up to $37 billion in various energy projects while give $8 billion concessional loan for infrastructure development projects of Pak-China Economic Corridor project.
Pakistan needs a "huge amount of financing" for infrastructure and energy projects and China is ready to announce help when President Xi Jinping visits next week, a foreign ministry official said Friday. Islamabad has for decades been Beijing's closest ally in South Asia, and China - which is expanding its influence in the region - is a major trading partner and key supplier of military technology to Pakistan.
The government has disbursed the entire budgeted Rs 183 billion power sector subsidy in just eight months and there is no possibility of a further reduction in subsidy by 0.1 per cent of GDP stipulated as a prior condition in the sixth review under the Extended Fund Facility uploaded on the IMF website.
The country's current account deficit maintained downtrend and fell 46 percent in the first nine months of this fiscal year, ie, FY15 compared to the same period of last fiscal year. According to State Bank of Pakistan (SBP), current account posted a $1.456 billion deficit during July-March of FY15 compared to $2.692 billion in the corresponding period of last fiscal year (FY14), depicting a decline of $1.236 billion.
The second LNG cargo ship from Qatar is due to dock at EPTL's LNG terminal on April 21 with the government still claiming that it has not yet signed a firm deal with Doha.
Finance Minister Ishaq Dar has said the government was keen to resolve all issues of investors so that they could support government's efforts to achieve higher growth and generate employment opportunities in the country. He said the government was determined to expanding the tax base and will ban grant of tax exemptions so as to provide a level playing field.
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Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
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Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln