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Petroleum Minister Shahid Khaqan Abbasi announced on Monday that the PML-N government will inject 200 million cubic feet per day (mmcfd) of Liquefied Natural Gas (LNG) into system from today (Tuesday).

The government has decided to supply entire imported cargo of 147,800 cubic meters of LNG to M/s Pak Arab Fertilizer, a joint venture of Arif Habib Group and Fatima Group, at $10.90 per MMBTU; of which the price of gas is $8 per MMBTU and $2.90/offloading tolling charges for usage pipeline network of gas marketing companies.
Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi asked the stock markets management to remain alert and always immediately dispel/clarify any rumours pertaining to the Stock Exchanges. Further, he asked the Stock Exchanges to promptly report any unusual activity to the Commission.
The Karachi share market nose-dived Monday shedding 3.44 percent to seven-month low weighed mainly by foreign selling. Marking a fifth straight consecutive fall, the KSE-100 index shed 1,031 points to 28,927.04 points from 29,957.83 of Friday last.
The Karachi share market nose-dived Monday shedding 3.44 percent to seven-month low weighed mainly by foreign selling. Marking a fifth straight consecutive fall, the KSE-100 index shed 1,031 points to 28,927.04 points from 29,957.83 of Friday last.
China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week. The 2 million barrel Very Large Crude Carrier (VLCC), Tai Hung San, left the Yemeni port of Ash Shihr on Sunday. Trading sources said the vessel was chartered by China's state-backed oil trader Unipec. Tanker data listed it as being run by Glasford, the shipping-arm of PetroChina.
The Federal Board of Revenue (FBR) has assured All Pakistan Textile Mills Association (APTMA) to issue condonation of textile mills against sales tax on cotton imported during March 1-18, 2013 to clear their amount of sales tax paid as input tax in their subsequent tax period.
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Index Closing Chg%
Arrow DJIA 17,976.31 1.49
Arrow Nasdaq 4,947.44 1.15
Arrow S&P 2,081.24 1.22
Arrow FTSE 6,891.43 0.53
Arrow DAX 12,086.01 1.83
Arrow CAC-40 5,083.52 0.98
Arrow Nikkei 19,411.40 0.65
Arrow H.Seng 24,855.12 1.51
Arrow Sensex 27,975.68 1.88





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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 13, 2015
Reserves $16.273 bln