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Auditor General of Pakistan (AGP) has identified in its Report for 2010-11 that privatisation of eight state-owned enterprises (SOEs) was not done in a transparent manner. In its report, AGP states that a special audit of the accounts of eight privatization transactions in the month of April-May 2011 was conducted.

The Auditor General of Pakistan (AGP) has raised 45 major audit objections with regard to National Highway Authority's accounts of which 32 audit observations related to internal control weaknesses, 9 regarding irregularities and non-compliance whereas four related to performance.
The Economic Co-ordination Committee (ECC) of the Cabinet has decided to impose a 5 percent GST on LNG import and exempt it from Gas Infrastructure Development Cess (GIDC). The ECC meeting chaired by Finance Minister Ishaq Dar on Wednesday considered the proposal of Ministry of Petroleum and Natural Resources on exempting LNG import from GIDC and GST. The ECC accorded exemption from GIDC as it was not applicable on imports as recommended by the committee under the convenor ship of secretary Finance with secretary P&NR and chairman FBR as members.
The Economic Co-ordination Committee (ECC) of the Cabinet is expected to approve five-year Textile Policy (2014-19) today (Thursday) envisaging textile exports at $26 billion, besides creating three million jobs, official sources revealed. According to sources, the Textile Policy was on the agenda of the ECC meeting on Wednesday, however due to shortage of time the item would be discussed during the Thursday's meeting.
Bears dominated the Wednesday's proceedings on the Karachi share market and the benchmark KSE-100 index lost another 112 points to close at 30,113 points compared to 30,226 points Tuesday. "A bearish activity was witnessed at KSE amid institutional profit-taking in select stocks across-the-board amid concerns limited foreign interest, energy shortfall for industrial units in textile, fertiliser sectors and political tension in Sindh," said Ahsan Mehanti of Arif Habib.
Bears dominated the Wednesday''s proceedings on the Karachi share market and the benchmark KSE-100 index lost another 112 points to close at 30,113 points compared to 30,226 points Tuesday. "A bearish activity was witnessed at KSE amid institutional profit-taking in select stocks across-the-board amid concerns limited foreign interest, energy shortfall for industrial units in textile, fertiliser sectors and political tension in Sindh," said Ahsan Mehanti of Arif Habib.
Finance ministers and tax chiefs from 51 countries signed an agreement on Wednesday to automatically swap tax information, which Germany's finance minister said heralded the end of tax evasion via secret bank accounts. "Let's make a joint contribution to more transparency and fairness in our globalised 21st century," Wolfgang Schaeuble told a taxation conference of about 100 countries co-ordinated by the Organisation for Economic Co-operation and Development.
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Index Closing Chg%
Arrow DJIA 16,974.31 0.18
Arrow Nasdaq 4,549.23 0.33
Arrow S&P 1,982.30 0.14
Arrow FTSE 6,453.87 0.81
Arrow DAX 9,082.81 0.16
Arrow CAC-40 4,110.64 0.05
Arrow Nikkei 15,553.91 1.46
Arrow H.Seng 23,819.87 1.27
Arrow Sensex 27,098.17 0.81





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln