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Turkmen President Gurbanguly Berdimuh-ammadov held a series of meetings with top managers of the fuel and energy complex of the countries involved in the issue of the implementation of the TAPI gas pipeline project (Turkmenistan-Afghanistan-Pakistan-India) in Ashgabat. Industry ministers arrived in the Turkmen capital to participate in the next meeting of the Steering Committee of the TAPI, it was officially announced on Thursday.

Establishment Division's recruitment policy may challenge the statutory provisions of laws/acts of the regulatory bodies/agencies such as Securities and Exchange Commission of Pakistan (SECP), Pakistan Telecommunication Authority (PTA) and Competition Commission of Pakistan (CCP) legal experts told Business Recorder.
The Securities and Exchange Commission of Pakistan (SECP) has said the Frist Prudential Modaraba and First Pak Modaraba by the KASB were being managed by Prudential Capital Management Limited (PCML) and Royal Management Services (Pvt) Limited (RMSL), respectively.
This is with reference to a news item carried by Business Recorder on November 20 stating that KASB Securities Limited was holding Rs 13.5 billion in cash of its clients. The SECP would like to clarify that KASB Securities is holding securities of worth Rs 161 billion out of which securities worth Rs 13.5 billion pertain to its retail clients in the CDC sub-accounts.
The Senate Standing Committee on Water and Power has expressed its serious concerns over the absence of Minister and State Minister for water and power from the committee meeting, saying that they don't seem serious in resolving the protracted electricity crisis. Chairman of the Committee Senator Zahid Khan said the power crisis is an important national issue and the absence of the ministers reflects that they do not want the committee to help them.
US stocks edged higher at midday on Thursday as data showed further strength in the US economy. Factory activity in the US mid-Atlantic region grew at its fastest pace in two decades, US home resales jumped to their highest in more than a year in October, and a gauge of future US economic activity gained.
Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 27.27 points as the ISE Ten Index moved from 4,174.79 to 4,147.52 points. The overall turnover amounted to 50,900 shares as compared to previous volume of 30,200 shares. Total 157 companies participated in buying and selling activity.


Index Closing Chg%
Arrow DJIA 17,719.00 0.19
Arrow Nasdaq 4,701.87 0.56
Arrow S&P 2,052.75 0.20
Arrow FTSE 6,678.90 0.26
Arrow DAX 9,483.97 0.12
Arrow CAC-40 4,234.21 0.75
Arrow Nikkei 17,300.86 0.07
Arrow H.Seng 23,349.64 0.10
Arrow Sensex 28,067.56 0.12

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln