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Prime Minister Nawaz Sharif Saturday said the ongoing operation in Karachi was against criminals and not against any particular political party. Talking to the members of business community here at the Sialkot Chamber of Commerce and Industry, the Prime Minister said the Karachi operation would be taken to its logical conclusion.

Sensing economic indicators' movement in a favourable direction, the State Bank of Pakistan (SBP) on Saturday announced a cut in key policy rate of 50 basis points (bps) from 8.5 percent to 8.0 percent. The Central Board of Directors of SBP, met this week-end under the chairmanship of Governor State Bank of Pakistan Ashraf Mehmood Wathra and after detailed deliberations on economic indicators, decided to further ease monetary policy stance for the next two months.
Economic Co-ordination Committee (ECC) of the Cabinet has allowed Petroleum Ministry to supply imported LNG to fertilizer sector after fulfilling power sector's needs. Official documents available with Business Recorder reveal that the ECC was informed that a persistent shortfall in gas supply in the SNGPL system led to a heavy gas curtailment in various gas consuming sectors, including fertilizer.
Speaking on the occasion of the launch of National Aviation Policy 2015 here yesterday, Prime Minister has said that the aviation policy was one of the most modern and finest policies that had been formulated after consultation with all stakeholders. Prime Minister Sharif said the working of the PIA must be improved to make it a modern and dynamic airline and directed the finance ministry to release the required funds.
The United Kingdom High Commissioner to Islamabad Philip Barton has reportedly left for London, a day after discussing issues regarding MQM chief Altaf Hussain's controversial statements and progress in the Dr Imran Farooq murder case with Interior Minister Chaudhry Nisar Ali Khan in Islamabad.
Pakistan has firmly stated that lifting the moratorium on death penalty would not impact the much coveted GSP plus status. This was stated by Foreign Office spokesperson Tasnim Aslam at a weekly press briefing here on Thursday. Replying to a question about the European Union's (EU) concerns on capital punishment in Pakistan, she said Pakistan has its own legal system which contains death penalty within the parameters of international laws.
The government authorities on Wednesday hanged nine more jailed murderers, officials said, taking the number of convicts executed over the past two days to 21, as the European Union condemned the executions. The latest round in Punjab brings to 48 the total number of convicts hanged since Pakistan resumed capital punishment in December after Taliban militants gunned down 154 people, most of them children, at a school in Peshawar.
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln