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The Supreme Court on Monday repeated its previous order but with a minor amendment, issuing notices to provincial Chief Secretaries to give their reaction to purchase of electricity from national grid in bulk and paying the bills through National Finance Commission (NFC) Award besides controlling pilferage and ensuring equitable power supply to consumers in their respective jurisdictions.

Prime Minister Nawaz Sharif's upcoming visit to China will be highly significant in further cementing Sino-Pak bilateral ties and enhancing economic co-operation besides helping to ease energy crisis in Pakistan, Chinese Ambassador Sun Weidong said here on Monday.
British Prime Minister David Cameron on Sunday promised to increase the quantum of bilateral trade to £3 billion by 2015 and vowed to stand together with Pakistan in the war against terror to help chalk out a peace deal in Afghanistan.
The Planning Commission is reported to have decided to replace the existing tariff system with a new tariff rationalisation mechanism with a focus on export-led growth and import liberalisation, sources told Business Recorder on Sunday. The decision was taken at a meeting presided over by Minister for Planning Commission, Ahsan Iqbal.
The National Assembly on Sunday approved as many as 19 demands for grants of Rs 183.364 billion for Cabinet Division after rejecting 115 cut motions tabled by opposition through majority votes. The demands for grants of the Cabinet Division and its attached departments moved by the Finance Minister Ishaq Dar for the next fiscal year in the National Assembly were opposed by the opposition parties.
The government will not get loans from the International Monetary Fund (IMF) on dictated conditions and details of the loaning agreement with the IMF will be shared with parliament and it will also be displayed on the Finance Ministry's website, Finance Minister Ishaq Dar on Sunday declared in the National Assembly. The PPP government, he said, had obtained loans worth $8.5 billions in one go, but Pakistan's honour demanded that loans should be repaid and "this year $3 billion in loans will be paid to the IMF", he said.
The Ministry of Petroleum has initiated audit and scrutiny of the past five years in all the state-run oil/gas companies, it is learnt. According to reliable sources in the ministry on the directions of Shahid Khaqan Abbasi, Federal Minister for Petroleum and Natural Resources, a special audit of the Sui Southern Gas Company Limited (SSGCL), Sui Northern Gas Pipelines Limited (SNGPL), Oil and Gas Development Company Limited (OGDCL), Government Holding Private Limited (GHPL) and other attached departments will commence.


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

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