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The Islama-bad High Court on Tuesday directed Ministry of Water and Power, National Electric Power Regularity Authority (Nepra), Water & Power Development Authority (Wapda) and Islamabad Electric Supply Company (IESCO) to submit comprehensive replies in response to a petition challenging Neelum-Jhelum surcharge which has been reflected in monthly electricity bills.

According to a K-Electric (KE) press statement, KE and Faysal Bank Limited (FBL) have entered into an agreement whereby KE customers will be able to pay their bill at any FBL Branch in Karachi through the advanced mechanism of UBPS (Utility Bills Payment System). KE has been entering into accords with different banks over the past few months so as to make the bill payment process simpler for its customers.
The Pakistan Water and Power Development Authority (WAPDA) is currently constructing different hydropower projects of 4,773 megawatt (MW) cumulatively, while three projects of 11,684 MW capacity are ready for construction. The under-construction projects include 969MW Neelum Jhelum Hydropower Project, 106MW Golen Gol, 1410MW Tarbela 4th Extension Hydropower Project, 128MW Keyal Khwar and 2160MW Dasu Hydropower Project (stage-I).
Engineer Mian Mussarat Gul has assumed the charge as Chief Executive Officer Pesco here on Tuesday. Mian Mussarat Gul was performing his duties as Chief Commercial Officer prior to this. Mussarat Gul joined Wapda in 1981 as SDO and performed duty as Xen, SE in different parts of the country. Keeping in view of his out standing performance Mian Mussarat Gul was promoted as Chief Commercial Officer Pesco in 2010.
Japan International Co-operation Agency (JICA) in collaboration with National Transmission and Dispatch Company (NTDC) successfully completed the project for Improvement of Training Capacity on Grid System Operation and Maintenance with more than 3.5 years of co-operation and reported the achievements to Ministry of Water and Power (MoWP).
Noted nuclear scientist Dr Samar Mubarakmand said on Tuesday that government should conduct a study from experts regarding the impact of coal power plants on environment. He was addressing the 16th Convocation of the University of Central Punjab. Governor Punjab, Chaudhry Muhammad Sarwar graced the occasion with his presence as Chief Guest. Dr Samar Mubarakmand and Director British Council Caven Mclaven, were the Guests of Honour.
Minister of State for Privatisation Muhammad Zubair said on Monday the government is making all-out efforts to deal with the challenges of militancy and energy shortage, which are badly affecting economy. Speaking at the inaugural session of the two-day "Public Financial Management" conference organized by the Institute of Chartered Accountants of Pakistan (ICAP), he added that the government is making utmost efforts to improve public financial management.

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln