TUESDAY 18 September 2012 
World Market Watch
 FTSE 100 5,893.52

 DAX 7,403.69

 CAC 40 3,553.69

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Prime Minister Raja will try to buy more time: hearing today \ Business Recorder
Prime Minister Raja Pervez Ashraf today (Tuesday) will appear before the Supreme Court in National Reconciliation Ordinance (NRO) implementation case with his coalition partners and request the apex court to give him more time, it is learnt. This decision was taken at a meeting of Pakistan Peoples' Party (PPP) and its coalition partners held at Aiwan-e-Sadr on Monday night, which was co-chaired by Co-Chairman PPP President Asif Ali Zardari and Prime Minister Raja Pervez Ashraf.


IMF, Pakistan to thrash out thorny issues in Dubai \ Tribune

ISLAMABAD:Islamabadís capacity to repay its $11.3 billion International Monetary Fund (IMF) bailout package will be on top of the agenda when Pakistan and the IMF begin their first round of meetings in Dubai next Tuesday (September 25).

Rs50bn released under PSDP \ The News

ISLAMABAD: The government has released Rs50 billion for completing the social sector development projects under its Public Sector Development Programme (PSDP) for 2012-13, according to figures released by the Planning Commission on Monday.The funds were released for different projects of infrastructure, social sector development, Earthquake Reconstruction and Rehabilitation Authority (ERRA) and others.The amount has been released for 1,083 developmental, projects including 344 projects falling in infrastructure, 671 of social sector development and 68 other projects of human welfare in the country.The amount was released against the total allocated funds of Rs233 billion under the annual PSDP 2012-13.


SSGC to get $200m from World Bank next week \ The News

KARACHI: The Sui Southern Gas Company (SSGC) has started hiring consultants for the natural gas efficiency project as the gas utility is expected to receive $200 million from the World Bank in the coming week, an official said on Monday.

Non-availability of gas: around 80 percent industrial units remain closed in Karachi \ Business Recorder

All the industrial units operating on gas or generating their own power by using gas remained closed in the seven industrial estates of the Metropolis on Monday owing to non-availability of gas. Industrial workers reached company on duty as per schedule. However after some time they were asked to go back to their homes. The biggest sufferers were the daily wage workers.
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