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Pakistan on Tuesday warned that the US-India nuclear deal will have a detrimental impact on deterrence stability in South Asia and declared that it reserves the right to safeguard its national security interests. "We have taken a careful note of statements made and agreements reached between the United States and India on issues having global and regional impact during President Obama's visit to India," said Prime Minister's Adviser on National Security and Foreign Affairs Sartaj Aziz.

Suspected militants in Indian held Kashmir on Tuesday killed an army colonel and a police officer during a gun battle outside the restive region's main city of occupied Srinagar, police said. Another police officer later died of injuries sustained in the firefight, while two suspected 'rebels' were also killed during the encounter, an officer said.
Prime Minister Nawaz Sharif chaired an important meeting here on Tuesday which discussed important national issues, including energy situation and progress on the implementation of the National Action Plan (NAP) to combat terrorism. The meeting was attended by Chief Minister Punjab Shahbaz Sharif, Minister for Finance Ishaq Dar and Minister for Interior Chaudhry Nisar Ali Khan.
The Sindh Assembly on Tuesday asked the federal government to continue 650 megawatts of power to Karachi and feared that the electricity cut would hit public life severely. As the federal government's Power Purchase Agreement (PPA) with K-Electric expired this month, opposition and treasury jointly asked Islamabad that the cut would not help resolve power crisis in the country either.
The government is to release Rs 40 billion to Pakistan State Oil (PSO) for opening a Letter of Credit (LC) to import furnace oil and other petroleum products, Petroleum Ministry officials told Business Recorder here on Tuesday. Officials said that within next one week four ships carrying furnace oil will dock at Karachi Port. According to them, the Ministry of Finance has directed National Bank of Pakistan (NBP) to facilitate PSO in opening LCs with international fuel suppliers.
The government cannot use privatisation proceeds for financing fiscal deficit, as law requires utilisation of 90 percent of mobilised resources on debt retirement and 10 per cent on poverty alleviation. Chairman Privatisation Commission Muhammad Zubair, who agreed to the proposed amendment in the privatisation law regarding the post-audit of each transaction, stated that "we must meet the requirements of law whether some one likes it or not".
The government has decided to announce an upfront tariff for transmission line projects to be funded by the private sector, sources close to Minister for Water and Power told Business Recorder. Giving the details, the sources said, the Economic Co-ordination Committee (ECC) of the Cabinet approved a policy to attract private sector investment in transmission line projects on 30th October, 2014.
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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 $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln