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Privatisation Commission has reportedly termed the disparity in prices of imported steel products, especially those from China, the principal reason behind difficulties in the sale of finished products of Pakistan Steel Mills (PSM), it was learnt.

The final price of the imported Liquefied Natural Gas (LNG) will be in the range of $10 to $11 per Million British Thermal Unit (MMBTU), it is learnt. The procurement price from Qatar as publicly announced by Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi is 8 dollars per mmbtu which can be calculated at 13.5 percent of the current Brent price.
Although staying volatile, the Karachi share market extended gains Wednesday, adding 371 points or 1.23 percent to the 100-index to close at 30,605.06 points. From Tuesday's 30,233.87, the benchmark KSE- 100 index moved in volatility to hit the intraday high and low of 30,950.92 and 30,021.37 points, respectively.
Although staying volatile, the Karachi share market extended gains Wednesday, adding 371 points or 1.23 percent to the 100-index to close at 30,605.06 points. From Tuesday''s 30,233.87, the benchmark KSE- 100 index moved in volatility to hit the intraday high and low of 30,950.92 and 30,021.37 points, respectively.
Ministrery of Planning, Development and Reforms is unlikely to meet the Public Sector Development Programme (PSDP) target for the current fiscal year 2014-15 due to non-availability of funds, it is learnt. According to sources, following a tight cash release policy for development projects, the Planning Commission released only Rs 249.9 billion - 47% funds - during the first nine months of the current fiscal year.
Religious seminaries have urged the federal government to issue a directive to scheduled banks - through the central bank - to allow religious seminaries to open and operate their bank accounts. Secretary Religious Affairs Suhail Aamir informed a sub-committee of the Public Accounts Committee (PAC) on Wednesday that religious seminaries are complaining that commercial banks are not allowing them to open or operate bank accounts on suspicion of involvement in extremist activities.
Pakistan has received an amount of $499.049 million from the International Monetary Fund (IMF) as a tranche of Extended Fund Facility (EFF). Last Friday, the Executive Board of the IMF completed the sixth review of Pakistan's economic performance under a 36-month loan programme and accordingly approved the immediate disbursement of an amount equivalent to SDR 360 million for Pakistan. "The sixth tranche of the IMF program have been received by the State Bank of Pakistan on 31st March, 2015," chief spokesman SBP confirmed.
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Index Closing Chg%
Arrow DJIA 17,698.18 0.44
Arrow Nasdaq 4,880.23 0.42
Arrow S&P 2,059.69 0.40
Arrow FTSE 6,809.50 0.54
Arrow DAX 12,001.38 0.2
Arrow CAC-40 5,062.22 0.57
Arrow Nikkei 19,034.84 0.90
Arrow H.Seng 25,082.75 0.73
Arrow Sensex 28,260.14 1.08





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln