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Energy-starved Pakistan relies on a multitude of dams and barrages to prevent Himalayan rivers from flooding and help meet its power needs, but their failure to prevent disaster four years running is making some experts question their utility. Every year since 2010, which saw the worst floods in Pakistan's history, the country has experienced catastrophic inundations that kill hundreds and wipe out millions of acres of prime farmland, harming the heavily agrarian economy.

A three-member Pakistani delegation of water experts reached Himachal Pradesh town on Sunday to inspect an upcoming hydropower project in the Lahaul Valley, an official said. "The delegation, led by Pakistan's Indus Waters Commissioner Mirza Asif Beg, would visit the 120-MW Miyar hydropower project near Udaipur town in Lahaul-Spiti district on Monday," Central Water Commission regional director P. Dorje Gyamba, who is accompanying the team, told media here. The project is being commissioned by private firm, Moser Baer, in the Miyar Valley on a tributary of the Chandrabhaga River.
After two consecutive optimistic weeks, the Karachi share market witnessed negative sentiments during the last week ended on September 19, 2014 amid uncertainty on political and economic front. The benchmark KSE-100 index shed 29 points (WoW) to close at 30,016 points end of the week compared to 30,045 points a week earlier. However, average traded volumes at the KSE surged by 25 per cent WoW as investors preferred to book profit.
After two consecutive optimistic weeks, the Karachi share market witnessed negative sentiments during the last week ended on September 19, 2014 amid uncertainty on political and economic front. The benchmark KSE-100 index shed 29 points (WoW) to close at 30,016 points end of the week compared to 30,045 points a week earlier. However, average traded volumes at the KSE surged by 25 per cent WoW as investors preferred to book profit.
The futures spreads stood negative (-4.98 per cent) after a 1306 basis points decline during the outgoing week ended on September 19, 2014. However, despite some decline in futures spread trading activity on the future counter witnessed an upward trend and average daily volumes reached 19.77 million shares, up by 37.5 per cent.
Iranian Deputy Oil Minister Ali Majedi called on Islamabad to expedite accomplishment of the 700-kilometer-long Pakistani side of the gas pipeline with Iran. "Iran is waiting for Pakistan's practical measures to complete the IP gas pipeline," Majedi said. He urged the Pakistani officials to try to remove the obstacles as promised before, and said, "It will certainly be a step forward."
A controversy stirred up at Lahore's Allama Iqbal International Airport on Sunday when the Customs officials recovered some smuggled items from PIA staff of the flight PK-758 that had arrived at the airport from London. Some staff members refused to fly the plane from Lahore to Manchester as a protest, but when some senior officials of the national airline intervened into the matter, they agreed to fly the aircraft.

 



 
Index Closing Chg%
Arrow DJIA 17,172.68 0.62
Arrow Nasdaq 4,527.69 1.14
Arrow S&P 1,994.29 0.80
Arrow FTSE 6,773.63 0.94
Arrow DAX 9,749.54 0.51
Arrow CAC-40 4,442.55 0.42
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,955.49 1.44
Arrow Sensex 27,206.74 0.43






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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