Just in:  

You are here: Home»Top Stories»

Top Stories


President-designate Asian Infrastructure Investment Bank (AIIB) Jin Liqun said on Wednesday that the China Pakistan Economic Corridor (CPEC) project is going to benefit not only Pakistan but also the entire region. Speaking at a joint news conference with Finance Minister Ishaq Dar during his first foreign tour after becoming President-designate of AIIB, Jin Liqun was hopeful that India would also support the project because it would lead to regional connectivity.

Prime Minister Nawaz Sharif Wednesday said the economy of the country was turning around with good growth rate and the government was committed to providing conducive economic environment to private sector. Talking to Jin Liqun, President Designate Asian Infrastructure Investment Bank (AIIB) here at the PM House, the Prime Minister said the government had invested a lot of resources in energy sector.
The Supreme Court on Wednesday upheld the death sentence of Mumtaz Qadri, the killer of governor Punjab Salmaan Taseer, as well as restored a terrorism clause dropped by Islamabad High Court (IHC) in March. A three-judge bench headed by Justice Asif Saeed Khosa and comprising Justice Mushir Alam and Justice Dost Muhammad Khan heard two appeals: one moved by Advocate Nazir Akhtar on behalf of Mumtaz Qadri, and other moved by the federal government against the IHC verdict.
"The criminal application filed by the convict is dismissed and the criminal appeal filed by the state is allowed, the conviction and sentence allowed by the trial court are restored," Justice Asif Saeed Khosa, head of a three-member Supreme Court bench hearing appeals, said. The court also restored Qadri's terrorism conviction removed by a lower court in March.
Chairman Privatisation Commission Mohammad Zubair will announce Pakistan's power sector privatisation programme at a roadshow being held in Washington on Thursday (October 8). The Chairman arrived in the US capital this week accompanied by PC Secretary Ahmad N Sukhera, Secretary Ministry of Water and Power, Mohammad Younus Dagha and Senior Advisor Nepra Hussnain Zaigham to participate in the event.
Public Accounts Committee (PAC) Wednesday directed the Auditor General of Pakistan (AGP) to present the audit report which raised objection on the Rs 480 billion payment to Independent Power Producers (IPPs). The committee further directed Federal Board of Revenue (FBR) to submit copies of all SROs withdrawn in past years and also directed to replace the legal team of FBR.
The federal government is reluctant to convene a Council of Common Interest (CCI) meeting to resolve controversy between Center and Sindh government on the use of imported LNG for power projects in Punjab, it was learnt. Sources in the Inter-provincial Co-ordination Ministry on condition of anonymity said the Prime Minister has not asked them to schedule a CCI meeting after abrupt cancellation of last meeting scheduled for August 24, 2015 without giving any reason.


Index Closing Chg%
Arrow DJIA 17,050.75 0.82
Arrow Nasdaq 4,810.79 0.41
Arrow S&P 2,013.43 0.88
Arrow FTSE 6,374.82 0.61
Arrow DAX 9,993.07 0.23
Arrow CAC-40 4,675.91 0.18
Arrow Nikkei 18,141.17 0.99
Arrow H.Seng 22,354.91 0.71
Arrow Sensex 26,845.81 0.70

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

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