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PSO resumes fuel oil imports after skipping in January SINGAPORE: Pakistan State Oil (PSO) has resumed fuel oil imports for delivery over the first and second quarters after skipping them in January, a tender document posted on its website showed.The state-owned company is seeking a total of 830,000 tonnes, or a monthly average of 277,000 tonnes. PSO had previously deferred some cargoes from December to January, and imported only low-sulphur grades for February and March.PSO is seeking 10 65,000-tonne cargoes of high sulphur fuel oil for delivery over March to May and three 60,000-tonne cargoes for April to May delivery. The tender will close on Feb. 25.PSO bought via tenders a total of 4.48 million tonnes of fuel oil in 2014, and the country generates a third of its electricity through the burning of the heavy distillate. Copyright Reuters, 2015

Israel ready to act 'with force' after border attack: PM JERUSALEM: Israel is ready to react forcibly wherever it comes under attack, Prime Minister Benjamin Netanyahu said on Wednesday after an anti-tank missile struck an army vehicle on the Lebanese border. "The IDF is ready to act with force on any front," Netanyahu said, warning that Israel's response to any attack would be harsh.Copyright AFP (Agence France-Presse), 2015

RECORDER REPORT: KSE close of day KARACHI: Karachi Stock Exchange (KSE) 100 index closed lower on Wednesday having 34386.86 points with a negative change of 151.59 and volume of 162,991,660 shares.High and Low were 34621.58 and 34353.78 respectively. Total volume traded in the market was 234,729,810 shares with 367 total traded companies out of which 101 were up 246 were down and 20 were unchanged.Construction and Materials (Cement) were the top traded sector with total traded volume of 45,547,000 shares. It ...

Japan to provide $19mn for Security, Energy saving projects ISLAMABAD: The Japanese government will provide grant aid of US$19 million (1,934,000,000 Yen) to Pakistan for two projects aiming at improving security at seaports and saving energy in water supply system.The bilateral agreements for Detailed Design Portion of the Project for Energy Saving in Water Supply System in Lahore and the Project for Security Improvement in Karachi Port and Port Qasim were signed by Secretary Economic Affairs Division, Muhammad Saleem Sethi and Japanese Ambassador, Hiroshi ...

Poroshenko presses Putin to rein in Ukraine rebels KIEV: Ukrainian President Petro Poroshenko said on Wednesday he had written a letter to Russia's Vladimir Putin demanding that Moscow rein in eastern separatist fighters in his war-torn ex-Soviet republic.Poroshenko said his letter also requested that Russia release female Ukrainian pilot Nadia Savchenko, who claims she was abducted by pro-Russian fighters before being put in a Moscow prison and starting a hunger strike."On Monday, I sent a letter to President Putin whose main elements included ...

Cement exports up 3.99pc in 1st half of 2014-15 ISLAMABAD: The cement exports from the country witnessed an increase of 3.99 percent during first half of current fiscal year as compared to the corresponding period of last year.The exports during the period under review were recorded at $268.699 million compared to the exports of $258.4 million in July-December (2013-14), according to the latest data of Pakistan Bureau of Statistics (PBS).Similarly gems exports also surged by 52.12 percent during the period July-December 2014-15 against same ...


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Arrow DJIA 17,387.21 1.65
Arrow Nasdaq 4,681.50 1.89
Arrow S&P 2,029.55 1.34
Arrow FTSE 6,811.61 0.60
Arrow DAX 10,628.58 1.57
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Arrow Sensex 29,571.04 1.00

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln