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Pakistan on Saturday denied its fighter jets are taking part in the Saudi-led operation in Yemen and declared that any decision to become part of the war will be taken after a visit of a high level delegation to Riyadh, which is due in the next 48 hours.

Arab leaders gathered in Egypt Saturday for a charged summit overshadowed by the unprecedented Saudi-led offensive against Yemeni rebels and amid calls for a joint-Arab military force to confront militants.
Arab air strikes against Iranian-backed rebels in Yemen could last up to six months, Gulf diplomatic officials said Saturday, voicing fears that they could face retaliation at home by Iran. Initially Saudi Arabia and its allies had anticipated a one-month air campaign but "it could last five to six months," an official said. He said the three-day-old campaign had been successful so far, destroying targets including 21 Scud missiles.
UN Secretary General Ban Ki-moon urged Arab leaders on Saturday to resolve the Yemen conflict peacefully after a Saudi-led coalition launched a military intervention against Shiite rebels. "It is my fervent hope that at this Arab League summit, leaders will lay down clear guidelines to peacefully resolve the crisis in Yemen," he told the summit in the Egyptian resort of Sharm el-Sheikh.
The much-awaited government-to-government (G2G) Sale Purchase Agreement (SPA) between Pakistan and Qatar for the import of Liquefied Natural Gas (LNG) is likely to be signed during the first week of next month, said Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi here on Saturday. The minister further said the 150,000 cubic meters (cbm) or 60,000 tons of commissioning cargo the Belgium-flagged FSRU ship, M/v Exquisite, brought to Engro's Elengy terminal Thursday was procured by the private sector, M/s Pak-Arab Fertilizer, at a Brent Index based price of $8 per Million British Thermal Unit (mbtu).
The government has decided to supply 100 mmcfd RLNG to 412 MW M/s Rousch Power, as allocation made to Nandipur power plant will take time to receive gas owing to technical modification of the plant, well-informed sources told Business Recorder.
The country has achieved the revised cotton target of 13.48 million bales set for the outgoing season (2014-15), but will fall short of the original target of 15.1 million bales. The government had set initial target of 15.1 million bales for the current season (2014-15), however later the target was revised three times to finally set it at 13.48 million bales due to multiple issues including water shortage, rains/floods, and shortage of certified seed. The government has set cotton production target for the next season (2015-16) at 15.49 million bales.


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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
WeeklyMarch 13, 2015
Reserves $16.273 bln