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ImageFederal Minister for Planning and Development Ahsan Iqbal has said that China wants to relocate some of its industries to Pakistan. Addressing a news conference along with Information and Broadcasting Minister Pervez Rashid, Ahsan Iqbal said that the government was identifying industrial clusters for relocating of Chinese industries.

Chinese President Xi Jinping has said that Pakistan and China should stand shoulder to shoulder and work hand in hand to open up an even brighter future of bilateral relations. In an article on the eve of his visit to Pakistan, the Chinese President wrote:
The Karachi stocks market ended the week on a positive note with KSE-100 index gaining 2.7 percent to close at 33,235 points compared to 32,351 of the preceding week. The daily trading volumes averaged on 296 million shares, registering an increase of 23 percent, Week-on-Week (WoW).
The Karachi stocks market ended the week on a positive note with KSE-100 index gaining 2.7 percent to close at 33,235 points compared to 32,351 of the preceding week. The daily trading volumes averaged on 296 million shares, registering an increase of 23 percent, Week-on-Week (WoW).
Futures spread remained in the positive zone by gaining 59 basis points to 10.62 percent compared to 10.03 percent of the preceding week. The week under review saw the average trading volume increasing by 9.2 percent to 40.98 million shares from 37.54 million of the previous week. The traded value averaged on Rs 3.515 billion, up 1.8 percent from Rs 3.452 billion, Week-on-Week.
The Federal Board of Revenue (FBR) and Pakistan Banks Association (PBA) will discuss issues of refunds and withholding tax collection by banks with emphasis on "Filers and Non-Filers" at the PBA office Karachi on Monday(April 20).
China Three Gorges Corporation, International Finance Corporation (IFC), an arm of World Bank, and Silk Route Fund would establish a fund for Pakistan titled South Asia Investment Fund (SAIF) which will provide funding for 4500 MW Diamar Bhasha Dam, well informed sources told Business Recorder.

 



 
Index Closing Chg%
Arrow DJIA 18,034.93 1.17
Arrow Nasdaq 4,994.60 1.27
Arrow S&P 2,100.40 0.92
Arrow FTSE 7,052.13 0.82
Arrow DAX 11,891.59 1.74
Arrow CAC-40 5,187.59 0.86
Arrow Nikkei 19,634.49 0.09
Arrow H.Seng 27,094.93 2.02
Arrow Sensex 27,886.21 1.95





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln