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Prime Minister Nawaz Sharif received a warm welcome here Wednesday on his arrival on a three-day official visit on the special invitation of Saudi King Salman Bin Abdulaziz Al Saud. Leaving aside protocol norms and as a special gesture King Salman Bin Abdulaziz Al Saud, accompanied by his entire cabinet received the Prime Minister and his entourage at the King Khalid International Airport.

The first meeting of Joint Chiefs of Staff Committee (JCSC) of the year was held at the Joint Staff Headquarters here on Wednesday with General Rashad Mahmood, Chairman Joint Chiefs of Staff Committee (CJCSC) in the chair. The meeting was attended by Chief of Army Staff (CoAS) General Raheel Sharif, Naval Chief, Admiral Muhammad Zakaullah, Chief of Air Staff, Air Chief Marshal Tahir Rafique Butt, Secretary Defence and senior military officers from the three services.
The polling for Senate elections is being held today (Thursday). The Election Commission of Pakistan (ECP) has notified that the polling for the Senate elections will be held at Parliament House, Islamabad and at the four provincial assemblies. The ECP has announced that Senate elections will be held through secret ballot.
Pakistan Tehreek-i-Insaf Chairman Imran Khan on Wednesday threatened that he would dissolve Khyber Pakhtunkhwa legislative assembly if his party MPAs violated the party line in the Senate elections. "We would go to any extent, including dissolving KP legislative assembly, if it is proved that provincial lawmakers affiliated with PTI acted in defiance of party's decision in the Senate polls.
While hearing Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan's plea, the election tribunal on Wednesday ordered verification of votes in NA-122 constituency through the National Database and Registration Authority (NADRA). The PTI chairman in his petition had requested that record of NA-122 was not thoroughly verified and it was not cleared in the report either rigging took place in the election or not, thus, the record should be verified from the Nadra.
The Gwadar Port Authority (GPA) on Wednesday admitted that the port is enjoying free zone status, with huge incentives, including a 100 percent tax exemption on import and export, but failed in attracting investment. This was stated by GPA Chairman Dostain Jamaldini while briefing the National Assembly Standing Committee on Ports and Shipping, which met with Syed Ghulam Mustafa Shah in the chair here on Wednesday.
Exim Bank of China has reportedly agreed to extend mixed credit of $6.5 billion for two 1100MW each nuclear power plants to be set up at Karachi coast, sources told Business Recorder. ECNEC had approved the project at a cost of Rs 958.8 billion with FEC of Rs 727.8bn on February 21, 2013. Pakistan Atomic Energy Commission (PAEC) entered into contract agreement with M/s CNNC China for construction of the project at a cost of RMB 49bn ($7.903 billion). The ground breaking ceremony of the project was held on November 26, 2013.
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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 $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln