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Clarifying that he had never said that his government would overcome electricity challenge within six months, Prime Minister Nawaz Sharif on Friday expressed his resolve to overcome power shortages during his governing party's tenure. In his speech that he delivered at the ground-breaking ceremony of the 1,180-megawatt Bhikki Power Plant here Friday, Nawaz Sharif said: "the sportsman-turned politician [in reference to Imran Khan] should never use foul language."

The Econo-mic Co-ordination Committee (ECC) of the Cabinet has approved quarterly report (January to June 2015) on Energy Sector Reforms prepared by the Ministry of Water and Power under the supervision of Finance Ministry's Economic Reforms Unit. Well informed sources told Business Recorder that the Council of Common Interests (CCI) on July 27, 2013 had approved National Energy (Power) Policy 2013.
An accountability court on Friday issued arrest warrants for former managing director (MD) of Power Infrastructure Board (PPIB) in a multi-billion Rental Power Projects (RPPs) scam. The accountability court judge, Nisar Baig, while hearing the RPPs case against 12 accused, who include former prime minister Raja Pervaiz Ashraf, issued arrest warrants for former MD PPIB Fayyaz Elahi for not appearing before the court.
Muttahida Qaumi Movement (MQM) on Friday agreed to withdraw the resignations of its Senators, members National Assembly and Sindh Assembly after getting an assurance from the government in relation to its grievances. This was announced during a news conference by Finance Minister Ishaq Dar along with MQM's leader Dr Farooq Sattar and other senior leaders from both sides.
The Supreme Court on Friday directed the Registrar apex court to submit Senate Chairman Raza Rabbani's ruling regarding the resignations of Pakistan Tehreek-e-Insaaf (PTI) and Muttahida Qaumi Movement (MQM) legislators from national and provincial assemblies. A three-member bench, headed by Justice Anwar Zaheer Jamali, heard the case related to resignation of MQM and PTI legislators.
Finance Minister, Senator Ishaq Dar, has directed all the ministries to finalise their annual targets backed by realistic plans, well informed sources told Business Recorder. Presiding over a recent meeting of cabinet sub-committee on production and exports, the Finance Minister said committee will lay exclusive focus on these sectors to meet their special needs in the evolving global market conditions.
The government and traders (All Pakistan Anjuman-e-Tajran Khalid Pervez Group) failed on Friday to reach any consensus over row on the withholding tax on banking transactions and called off any further dialogue. The government gave a clear answer that it is ready to slash the WHT ratio to 0.2 percent; it can consider reducing to even 0.1 percent.
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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln