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National Security Committee (NSC) has approved, in principle, a project to acquire as many as eight Chinese submarines. Rear Admiral Mukhtar Khan informed National Assembly's Defence Committee that eight Chinese submarines would be purchased from Chinese companies. He said financial negotiations for the purchase of these submarines are in an advance stage between Naval Headquarters and the federal government.

The newly-appointed Chief Executive Officer (CEO) of Engineering Development Board (EDB), Tariq Chaudhry on Tuesday assumed the charge of his office. Well-informed sources told Business Recorder that government did not take the Minister for Industries and Production, Ghulam Murtaza Jatoi into confidence on the appointment of new CEO EDB who is supposed to start a cleanup operation in the tariff section of the organisation as the entire industry is facing hurdles.
The killings of security personnel and civilians have declined by 37 percent since the launch of the Zarb-e-Azb operation and National Action Plan (NAP). The data available at the South Asia Terrorism Portal, an independent organisation that records incidents of violence and killings, shows that as many as 3,677 civilians and security personnel were killed in 2013.
Karachi Metropolitan Corporation (KMC) staff removed barriers and concrete structures erected outside Bilawal House as part of security measures on late Tuesday night following the instructions of former president and PPP Co-Chairman Asif Ali Zardari to Singh government to remove the same, a private TV channel reported.
The Singh High Court on Tuesday dismissed a petition seeking disqualification of Pakistan Tehreek-e-Insaf Chairman Imran Khan and MNA Dr Arif Alvi. A division bench, headed by Chief Justice Faisal Arab, dismissed the petition for not being maintainable.
US lobbyist Mark Siegel, a key witness in the Benazir Bhutto murder case, has refused to come to Pakistan to record his statement in the high-profile case. According to reports, an Anti-Terrorism Court (ATC) had summoned Mark Siegel to appear on Tuesday (yesterday). However, the US journalist refused to come to Islamabad over security concerns.
International donors pledged $3.8 billion on Tuesday to help alleviate war-torn Syria's humanitarian crisis, which Kuwait's emir warned was the worst in "modern history". UN chief Ban Ki-moon told participants at the meeting in Kuwait that four out of five people in Syria were living in "poverty, misery and deprivation".


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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 20, 2015
Reserves $16.132 bln