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At least 80,000 people marched through central London on Saturday to protest against low wages and public spending cuts introduced to reduce Britain's deficit, organisers said. The Trades Union Congress (TUC), a federation of the country's main trade unions, said thousands more gathered in Glasgow and Belfast as part of the "Britain Needs A Pay Rise" event.

Sui Southern Gas Company's (SSGC) Board of Directors (BoD) has reportedly approved a proposal regarding the issuance of Standby Letter of Credit (SBLC) of $50 million in favour of Elengy Terminal Pakistan Limited (ETPL) to cover six months of capacity charges with majority vote, well informed sources told Business Recorder.
The Finance Ministry has reportedly asked the Tax Reforms Commission (TRC) to suggest proposals to reform tax system for improving dismally low tax-to-GDP ratio before March 2015 for inclusion in budget for the next fiscal year, according to an official. Chairman TRC Syed Masood Ali Naqvi told Business Recorder that this was an inaugural meeting and parameters of the working were decided.
Prime Minister Muhammad Nawaz Sharif said on Saturday that the people have given five-year mandate to the PML-N and no effort will be spared during this term for the uplift and prosperity of the masses besides steering the country out of crises and putting it on the road to progress and development.
India said Saturday it was freeing diesel prices from government control, marking another step to ease the state's grip on the economy and propel reforms by the new pro-business government. Prime Minister Narendra Modi's administration also hiked natural gas prices to spur exploration in the fuel-import dependent nation. Huge energy imports contribute to India's trade deficit.
The Egyptian government has signed a contract with six international firms to carry out the dredging of the new Suez Canal, the head of the Suez Canal Authority said on Saturday.
US stocks extended their rebound from this month's bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the US earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines. The S&P 500's streak of weekly losses was its longest since August 2011, and the index still is off 6.2 percent from its September 18 record high.

 



 
Index Closing Chg%
Arrow DJIA 16,380.41 1.63
Arrow Nasdaq 4,258.44 0.97
Arrow S&P 1,886.76 1.29
Arrow FTSE 6,310.29 1.85
Arrow DAX 8,850.27 3.12
Arrow CAC-40 4,033.18 2.92
Arrow Nikkei 14,532.51 1.40
Arrow H.Seng 23,023.21 0.53
Arrow Sensex 26,108.53 0.42





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln