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Major parts of Sindh and Balochistan on Sunday plunged into darkness following tripping of a national grid's transmission line. According to details, the National Transmission and Dispatch Company's (NTDC) 500KV transmission line from Guddu to Dadu tripped due to heavy fog in the early hours of Sunday, causing a sudden massive power breakdown in various parts of Sindh, including Karachi and Balochistan.

Belarus blocked online stores and news websites Sunday, in an apparent attempt to stop a run on banks and shops as people rushed to secure their savings. The Belarussian currency was dragged down by the slide of the Russian ruble last week, leading authorities to impose draconian measures, forbid price increases even for imported goods, and warn people against panic.
Karachi share market remained subdued during the week that ended on December 19, 2014, due to a heinous terrorist attack on Peshawar's Army Public School and political instability. The benchmark KSE-100 index closed at 31,011.15 points, down by 578.67 points or 1.8 per cent (WoW) basis.
Karachi share market remained subdued during the week that ended on December 19, 2014, due to a heinous terrorist attack on Peshawar''s Army Public School and political instability. The benchmark KSE-100 index closed at 31,011.15 points, down by 578.67 points or 1.8 per cent (WoW) basis.
The Federal Board of Revenue (FBR) has received a strong recommendation of a Regional Tax Office (RTO) to conduct comprehensive audits of each electric power generation company (GENCO) falling in the jurisdiction of various Large Taxpayer Units (LTUs) and RTOs to check evasion of sales tax on supply of electricity. Sources told Business Recorder here on Sunday that the FBR Member Taxpayer Audit has received a report on the huge revenue potential of electric power generation companies and recommendation of comprehensive audit by the RTO Peshawar.
Oil-rich Gulf countries on Sunday blamed "irresponsible" non-Opec producers for a plunge in global crude prices, but voiced confidence that markets would rebound. World prices have fallen almost 50 percent since June, mainly due to a supply glut, the weak global economy and a strong US dollar. UAE energy minister Suhail al-Mazrouei, in a clear reference to shale and sand oil output from North America and other emerging energy markets, attributed the price dive to "newcomers".
Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down. Crude prices had dropped more than 10 percent in the trading week ended December 12. That was largely responsible for a 3.5 percent drop in the S&P 500, as investors fled stocks over concerns about energy-sector bonds, corporate earnings, and expectations for world economic demand.

 



 
Index Closing Chg%
Arrow DJIA 17,959.44 0.87
Arrow Nasdaq 4,781.43 0.34
Arrow S&P 2,078.54 0.38
Arrow FTSE 6,576.74 0.48
Arrow DAX 9,865.76 0.81
Arrow CAC-40 4,254.43 0.30
Arrow Nikkei 17,635.14 0.08
Arrow H.Seng 23,408.57 1.26
Arrow Sensex 27,701.79 1.21






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyDecember 22, 2014
Reserves $14.042 bln