Provincial surplus helps contain fiscal deficit

A Rs255bn provincial surplus helped the federal govt to contain the fiscal deficit at Rs852bn in July 2013-March 2014.

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Top Stories

Reserves hit 12-month high at $11.75bn

Pakistan' forex reserves rose to a 12-month high after inflow of $2bn through Eurobond sales, the State Bank reported.

Sindh’s revenue grows 14pc

Sindh Revenue Board during the first nine months of FY14 collected Rs27.127 billion in revenue.

ADB approves $400m for energy

This is the second ADB loan for Pakistan in the energy sector in five months.

Stocks manage to add 70 points

Stocks rebounded on Thursday after a choppy day with the benchmark KSE-100 index closing at 28,786.74.

Govt borrows Rs1 trillion in a month

The govt again went beyond its target to borrow through PIBs mounting debt close to Rs1 trillion in one month.

Licence auction fetches $1.12bn

The auction of 3G, 4G licences fetched $1.12bn, putting it very close to the expected $1.2bn target set by the govt.

Pakistan joins the 3G club

Zong wins 4G licence; Mobilink claims 10MHz band for 3G; Ufone, Telenor happy with 5MHz

Highlights

Better management govt’s top priority

Fiscal sustainability cannot be achieved without sound fiscal and financial management, said Finance Minister Ishaq Dar.

Heavy military spending hurting India, Pakistan: US report

“Kashmir remains a potential global flashpoint that could escalate into a nuclear war very quickly.”

UK to provide £200m for enterprise, asset growth

UK’s Department for International Development will provide £200m for enterprise and asset growth initiative in Pakistan.

Citizens reduce power consumption as prices go up

Forty-two per cent respondents of the survey claim to have witnessed instances of power theft.

Diamer-Bhasha will be top priority: new Wapda chief

Mehmood explained his working agenda, putting launch of 4,500MW Diamer-Bhasha Dam project on top of his priority list.

Local drugmakers cashing in on MNCs’ departure

Some seven local pharmaceuticals have already inititated projects costing Rs3 billion to Rs5bn in the last 2-3 years.

Bullion rates
City Gold (24-ct) Silver
Karachi 41,914 630.00
Multan 41,490 686.00
Exchange Rates

Exchange Rates for Currency Notes

CountriesSelling (Rs.)Buying (Rs.)
U.S.A. 99.35 99.60
U.K. 166.20 166.40
Euro 136.85 137.10
Japan 0.9600 0.9700
Saudi Arabia 26.40 26.60
U.A.E. 26.95 27.15
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