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SC rejects petitions challenging ET's decision ISLAMABAD: The Supreme Court (SC) on Wednesday canceled the petitions challenging the decision by Election Tribunal.A three-member bench led by Chief Justice Nasirul Mulk announced his decision regarding the petition against the Election Tribunal's decision.The bench observed that the court doesn't have the authority to declare Election Tribunal's decision void.The petitions were filed by Sheikh Rasheed, Raza Hayat, Muhammad Riaz Malik, Afzal Khokhar and others. The court rejected the petitions stating that the interim decision by Election Tribunal can't be challenged at the High Court level and therefore, the decision cannot be declared void. Copyright APP (Associated Press of Pakistan), 2014

ISE-10 index stays bearish ISLAMABAD: The Islamabad Stock Exchange (ISE) on Wednesday witnessed bearish trend as the ISE-10 index was down by 40.86 points to close at 3727.57 points.According to the ISE data, a total of 24,800 shares were traded, which showed a positive growth of 17,100 shares, when compared with previous day's trading of 7,000 shares.Out of 145 companies, share prices of 59 companies recorded increase while those of 86 companies witnessed decrease.The share price of Ferozsons Laboratories ...

Wasan visits Sukkur jail, checks security measures SUKKUR: Sindh Prisons Minister, Manzoor Hussain Wasan visited the Central Jail Sukkur to review the security arrangements here on Wednesday.During his visit to Central Jail the minister reviewed security arrangements and went round different barracks and protection wall.On the occasion, he also enquired the prisoners regarding food quality and medical facilities being provided to them. Manzoor Hussain Wasan directed the jail officials to beef up security of the jail. Talking to mediamen, Minister said that ...

Pak-China trade volume touches $12.8bn mark in 10 months: Envoy ISLAMABAD: Chinese Ambassador Sun Weidong Wednesday said trade volume between Pakistan and China was registered at $ 12.8 billion during the last 10 months, showing 10 percent increase than the corresponding period of last year.Addressing students and faculty members during his visit to the National University of Science and Technology (NUST), he said that Pak-China relations were an example for the other countries. "Our friendship is stronger than iron friendship and it's based on mutual ...

PCB to donate 4th one dayer's gate money to Peshawar victim families, rebuilding school ABU DHABI: Pakistan cricket officials decided to go ahead with Wednesday's fourth day-night international against New Zealand in Abu Dhabi saying the match gate money will go to the families of the dead and for the rebuilding of the school targetted by the terrorists on Tuesday in Peshawar. The Taliban attacks on an army-run school had left 141 dead, 132 of them school children.The Pakistan Cricket Board (PCB) said it cannot postpone the one-day international ...

Commuters demand cut in fares in accordance with decrease in fuel prices ISLAMABAD: The commuters in twin cities of Islamabad and Rawalpindi have demanded adjustment of transport fares in accordance with reduction in fuel prices.The commuters said that the government twice announced cut in petroleum products but the transporters have not decreased even Rs.2 per stop.They are still charging Rs.15 per stop while it was reduced to Rs.13 by the Regional Transport Authority.Muhammad Fahim, a commuter said that the government has reduced the POL prices but the ...

Killing innocent children, teachers an act of savageness, PUC issues Fatwa ISLAMABAD: Pakistan Ulema Council (PUC) on Wednesday strongly condemned the attack carried on school in Peshawar, saying that killing of innocent children and teachers was barbaric and an act of savageness."Linking killing of innocent human beings with Islam and Jihad can only be termed as ignorance and it has no room in Islam," Chairman of PUC, Hafiz Muhammad Tahir Mahmood Ashrafi said.In a Fatwa issued by Darul Aftah of PUC on Wednesday following an unfortunate ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln