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The country is facing load shedding of around 10 to 12 hours in the cities owing to 6,000 MW shortfall between demand and supply with the Ministry of Water and Power not ready to share any details of power shortages facing the country today but conceded that load shedding has increased dramatically during the last few days. Ministry of Water and Power, National Transmission and Distribution Company (NTDC), and National Power Control Center (NPCC) have reportedly strictly prohibited the staff from sharing electricity demand-supply statistics with media, this correspondent was informed in no uncertain terms.

A Chinese court on Friday fined British drugmaker GlaxoSmithKline 3.0 billion yuan ($490 million) following a nearly year-long bribery probe, the company said. The firm's former head of China operations, Mark Reilly who would be deported, and four other ex-officials were given suspended sentences of between two and four years in prison, the official Xinhua news agency said.
National Assembly's Standing Committee on Finance has decided to get a briefing from the International Monetary Fund (IMF) on the overall economic situation. A meeting of the Standing Committees chaired by its chairman Omar Ayub Khan decided to request the Finance Ministry to arrange a briefing of the IMF for the committee. The meeting also decided to form a sub-committee on tax reforms and expressed serious reservations on the "Credit Bureau Act".
A buying frenzy sent Alibaba shares sharply higher Friday as the Chinese online giant made its historic Wall Street trading debut. Alibaba leapt from an offering price of $68 to $92.07 in the first trades, then headed to nearly $100 before settling back at the close to $93.89, a hefty gain of 38 percent.
Sentiment at the Karachi share market remained negative for third consecutive day and the benchmark KSE-100 index shed another 78 points to close at 30,016 points Friday compared to 30,094 points Thursday. Analysts said the market remained volatile on the last trading day of the week and declined by 0.3 percent.
Sentiment at the Karachi share market remained negative for third consecutive day and the benchmark KSE-100 index shed another 78 points to close at 30,016 points Friday compared to 30,094 points Thursday. Analysts said the market remained volatile on the last trading day of the week and declined by 0.3 percent.
The country has failed to take full advantage of the Generalised System of Preferences (GSP) Plus status granted by the European Union (EU) as textile exports registered a decline for last several months of the current calendar year, official sources revealed. Textile exports to the EU were expected to surge by up to $1billion a year after securing the GSP+ status, effective from January 1, 2014, however the textile sector remained stagnant and witnessed a decline during the last several months of the current year.

 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08





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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln