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The Nandipur power project is said to be the victim of confusion that prevailed in the Ministry of Water and Power (MoWP) for the past two years with no one aware of who was calling the shots in the ministry. There are reports that the controversial Nandipur Power Plant has again been shut down as no electricity is being purchased from 425MW plant.

Pakistan Friday expressed its desire to initiate strategic dialogue at foreign ministers-level with the Republic of Korea to further enhance bilateral cooperation in the fields of information technology, cyber space consultations, defence, agriculture, trade and economy. The proposal was exchanged during the 9th round of the bilateral political consultations between Pakistan and the Republic of Korea held at the Foreign Office.
Israel is set to open a mission in Abu Dhabi as part of an international green energy body, Israeli officials said Friday - its first official presence in the United Arab Emirates. The mission will operate under the International Renewable Energy Agency, of which Israel is a member, foreign ministry spokesman Emmanuel Nahshon told AFP. Establishing a permanent presence in Abu Dhabi will not change Israel's official relationship with the UAE, which does not recognise Israel and has no diplomatic ties with the Tel Aviv.
Pakistan State Oil(PSO) and Qatargas have agreed to revise the price of Liquefied Natural Gas(LNG) after ten years and, in case of disagreement between the parties, the contract will be annulled, sources close to Secretary Petroleum and Natural Resources told Business Recorder. The Economic Co-ordination Committee (ECC) of the Cabinet is expected to approve $16 billion deal (Sale Purchase Agreement (SPA) between PSO and Qatargas on Monday.
Thursday's merger of Pakistan Mobile Communications (Mobilink) and Warid Telecom would have positive implications on the country's telecom industry, said market analysts Friday. In a report issued here analysts at Topline Research rated the impact of what they said landmark transaction between the country's two leading cellular firms as 'neutral' to 'positive' on local telecom industry.
The Competition Commission of Pakistan (CCP) has asked two leading telecom companies, which have decided to merge, to submit pre-merger application under Section 11 of the Competition Act and seek approval from the Commission. In this regard, the CCP has issued letters to Chief Executives of the two telecom companies here on Friday on the issue of pre-merger notification under Competition Act, 2010.
Federal government has refused to grant waiver to the KPK-financed projects from approval of Central Development Working Party (CDWP) and Executive Committee of National Economic Council (ECNEC), saying that this condition is applicable to all development projects.


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln