Just in:  

You are here: Home»Week at a Glance»

Week Highlights


Prime Minister Nawaz Sharif on Saturday said the present government in Pakistan is pro-business and pro-investment friendly regime which would welcome the Chinese investment for addressing the energy issues. The Prime Minister was addressing Pakistan-China Energy Forum which was largely attended by over 50 prominent Chinese investors. The Prime Minister said that he was leading the government to pull the country out of the economic meltdown.

Prime Minister Nawaz Sharif was apprised on Saturday that Neelum-Jhelum hydropower project would be completed by 2016 as work on the transmission line is yet to start. While travelling from Beijing to Shanghai by high speed train along with his entourage, the Prime Minister held four meetings with various delegates and discussed different development and power projects.
Pakistan and China signed eight documents of co-operation in various areas of economy here Friday for furthering already strong economic and technical ties between two friendly countries. The first pact pertaining to an ambitious long term project approximately costing $18 billion that would include building around 200 kilomters tunnels was Pak-China Economic corridor.
Prime Minister Muhammad Nawaz Sharif Friday said that the government desires to develop Gwadar Port on 'Hong Kong model' and it may be given special status through necessary legislation to ensure speedy execution of the project. In a meeting with President China Overseas Port Holding Company Limited Sun Ziyun, the Prime Minister said there should be no delay in the infrastructural development of Gwadar and assured government's all-out co-operation to the companies engaged in Gwadar's development.
Pakistan and International Monetary Fund (IMF) have reached an agreement for a $5.3 billion new programme under an Extended Fund Facility (EFF) subject to the fulfilment of prior actions, which are considered to be quite harsh. The agreement was announced by Finance Minister Ishaq Dar and IMF Mission chief Jeffrey Franks here Thursday after 2-week-long difficult negotiations.
The rising foreign debt payments, mainly to the IMF, swallowed over $4 billion from the country's foreign exchange reserves during last fiscal year (FY13). Bankers said the country's forex reserves are likely to further decline as some more and major debt payments to the IMF are scheduled in the first quarter of current fiscal year (FY14).
Pakistan and China are to sign Memorandum of Understanding (MoUs) during the ongoing visit of Prime Minister Nawaz Sharif for setting up of oil storage facility, an oil refinery and distribution points for transmission of oil and gas to western regions of China from Gwadar, well informed sources told Business Recorder.
  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  4 
  •  5 
  •  6 
  •  7 
  •  8 
  •  9 
  •  10 
  •  Next 
  •  End 
  • »


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln