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Dar discusses financing options with Chairman, Exim Bank ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar met Chairman US Exim Bank Fed Hochberg and his team in Washington Friday and discussed financing options in Pakistan.According to a message received here from Washington here, the Finance Minister thanked President Exim Bank on approval of financing facility for repair of PIA engines.The Finance Minister also informed the Chairman Exim Bank that Pakistan has now become eligible for International Bank for Restructuring and Development loans as a result of improvement in macro indicators and Pakistan's rating from Stable to Positive by independent agencies like Moody's.Finance Minister, therefore, asked Exim Bank to reconsider Pakistan's rating and offer terms being offered to other countries in the region.Chairman US Exim Bank, Fred Hochberg appreciated the much improved performance of Pakistan economy and expected that in the annual country assessment due in Fall, Pakistan will have a better risk assessment.Chairman Exim Bank recalled that Pakistan had ...

Pakistan, China enjoying deep-rooted friendship: Pervaiz ISLAMABAD: Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid Friday said Pakistan and China were enjoying strong, deep-rooted and all weather friendship."The bilateral friendship is not only at the state level, but people-to-people, which is getting further strength with each passing day," he said while talking to different news channels.He termed the upcoming visit of Chinese President Xi Jinping to Pakistan of 'great significance,' during which agreements on different projects would be signed.The ...
Europe stocks close sharply lower PARIS: Europe's main stock markets finished sharply lower on Friday, with London's benchmark FTSE 100 index ending the day down 0.93 percent to 6,994.63 points.Frankfurt's DAX 30 index tumbled 2.58 percent to 11,688.70 points, while the CAC 40 in Paris slumped 1.55 percent to 5,143.26 points. Copyright AFP (Agence France-Presse), 2015 ...
Osborne: IMF/G20 meetings more gloomy due to Greek situation WASHINGTON: The Greek financial crisis has helped make the mood at international financial talks in Washington this week "notably more gloomy," British finance minister George Osborne said on Friday. "It's clear now to me that a misstep or a miscalculation on either side could easily return European economies to the kind of perilous situation we saw three to four years ago," he told reporters on the sidelines of meetings of officials from the Group of ...
OPEC should consider return to oil quotas-delegate LONDON: OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, to prevent oversupply hitting prices should Iran increase its oil exports following a deal over its nuclear work, an OPEC delegate said. A proposal to reintroduce quotas would spark a fierce debate in the Organization of the Petroleum Exporting Countries as national prestige and market share are at stake.After refusing to cut output last year, OPEC is pumping much more ...
TSX drops with oil price; banks weaken TORONTO: Canada's main stock index was broadly lower on Friday as heavyweight oil and gas shares retreated on a drop in oil prices, while banks also took a hit. Crude prices came under pressure from signs that supply is still growing, and the benchmark index's energy group retreated 0.4 percent.In the group, Suncor Energy Inc fell 0.4 percent to C$39.92, and pipeline company Enbridge Inc declined 0.5 percent to C$64.08. Oil has bounced off March ...


Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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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 $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln