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The Eco-nomic Coordination Committee (ECC) of the Cabinet has approved a Rs 1 billion sovereign guarantee for Pakistan International Airlines (PIA). An official said the meeting presided over by Finance Minister Ishaq Dar also allowed National Transmission and Distribution Company's (NTDC) to take National Electric Power Regulatory Authority's (NEPRA) approval for 74 MW electricity being imported from Power Generation and Transmission Management Company, (TAVANIR), Iran.

Karachi Stock Exchange saw another lacklustre session Tuesday following selling pressure due to ongoing political uncertainty in the country. The benchmark KSE-100 index shed 276 points to close at 28,244 points compared to 28,519 points Monday. Analysts said the market was volatile on the second trading day of the week and the market lost further ground during the last hour of trading as the political turmoil intensified.
Karachi Stock Exchange saw another lacklustre session Tuesday following selling pressure due to ongoing political uncertainty in the country. The benchmark KSE-100 index shed 276 points to close at 28,244 points compared to 28,519 points Monday. Analysts said the market was volatile on the second trading day of the week and the market lost further ground during the last hour of trading as the political turmoil intensified.
The meeting of Pakistan-India Indus Water Commissioners has ended in a stalemate, as India bluntly refused to make any change in its stance over four hydropower projects being built on Chenab River in Indian held Kashmir. Talking to reporters, Indus water commissioner, Asif Baig Mirza said "We have decided to go for International court of justice (ICJ)." The final futile round of talks was held here on Tuesday and the Indian delegation headed by K Vohra Indus Water Commissioner, is leaving for New Delhi today (Wednesday).
National Electric Power Regulatory Authority (Nepra) on Tuesday allowed power distribution companies (Discos) to increase tariff by 43 paisa per unit for July 2014 under the monthly fuel adjustment mechanism. This decision was taken by the regulator in a public hearing presided over by its Vice Chairman, Habib Ullah Khilji, on a petition filed by the Central Power Purchasing Agency (CPPA).
Prime Minister Muhammad Nawaz Sharif witnessed the signing ceremony of financing agreements of US 588.4 million dollars and US 76.4 million dollars with the World Bank for construction of Dasu Hydropower Project and Sindh Agricultural Growth Project.
The Ministry of Finance (MoF) has released Rs 2.125 billion of Financial Restructuring Package to Pakistan Steel Mills (PSM) for the salaries and procurement of raw material. Sources told Business Recorder on Tuesday that the fourth tranche of the approved financial restructuring package for the country's largest steel producing plant had transferred the amount into its account for the disbursement of salaries and other financial needs.
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Index Closing Chg%
Arrow DJIA 17,106.70 0.17
Arrow Nasdaq 4,570.64 0.29
Arrow S&P 2,000.02 0.11
Arrow FTSE 6,822.76 0.70
Arrow DAX 9,588.15 0.82
Arrow CAC-40 4,393.41 1.18
Arrow Nikkei 15,521.22 0.59
Arrow H.Seng 25,074.50 0.37
Arrow Sensex 26,442.81 0.02





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln