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Projects to start producing energy by 2017: Shehbaz LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif Friday said the government had diverted all available resources to accomplish energy projects being implemented on war footing to mitigate energy dearth.This he said while having a meeting with senior officials of a Chinese energy company in which matters regarding setting up of energy projects especially gas-based power houses were discussed.The chief minister said special incentives were being offered to investors for projects in the energy sector and besides traditional methods, efforts were being made for generation of electricity from alternative sources. He said, work was being carried out on projects of energy generation through coal, gas, hydle, solar, biogas, biomass, wind and other sources. He said, planning had been made for the production of 3,600 megawatt electricity through gas and the provincial government would set up 1200 megawatt gas-based energy projects in Bhikhi, Sheikhupura with its own resources while federal government establish ...

TDAP apprises NA body of reasons for drop in exports KARACHI: National Assembly Standing Committee on Commerce here Friday visited Trade Development Authority of Pakistan (TDAP) and the MNAs were briefed about the issues being faced by the exporters; leading to decrease in exports in fiscal year 2014-15.TDAP's Chief Executive Officer (CEO) S.M.Muneer informed the NA Committee that both electricity and gas crisis in the country badly affected the manufacturing process.He also pointed out that water shortage created by water mafia in the city has ...

SBP injects Rs1075bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs 1075 billion into money market for seven days through its open market operation (OMO). The rate of return accepted is 6.51 percent per annum, said SBP statement. Copyright APP (Associated Press of Pakistan), 2015

Camps at cattle market to ensure presence of disease free animals only KARACHI: Sindh livestock department has established 15 camps at Cattle Market off Super Highway to ensure that cattle reaching Karachi, for sacrificial purpose during Eid-e-Qurban, are disease free.Secretary for livestock and fisheries department, Noor Muhammad Laghari here on Friday informed a meeting that the camps manned by veterinary doctors would help to ensure that cattle failing to meet the health standards are not allowed to put for sale."This is crucial for public health safety and ...

PM disussses by election in NA-122 with Ayaz Sadiq ISLAMABAD: Former Speaker National Assembly Sardar Muhammad Ayaz Sadiq called on Prime Minister Muhammad Nawaz Sharif here at the PM House.A statement from the press section of the PM House said political matter and by-elections in NA-122 were discussed."The Prime Minister appreciated the role of Sardar Ayaz Sadiq as the Speaker of the National Assembly and grace and courage shown by him during the trial of the case in election tribunal," the statement said.Copyright APP ...

Gwadar Port to be connected with railway network ISLAMABAD: Pakistan Railways is focussing on connecting Gwadar Port with railways network and establishing new dry port at Havelian to generate revenues.The government is committed to make Pakistan Railways a profitable organization and a number of steps are being taken in this regard, an official in the Ministry of Railways told APP.Pakistan Railways is involving private parties in commercial management of four passenger carrying trains and cargo express trains, he added.He said right mix of ...

Haji Ghulam Bilour calls on PM ISLAMABAD: Haji Ghulam Ahmed Bilour, MNA of Awami National Party called on the Prime Minister Muhammad Nawaz Sharif here at the PM House on Friday.The matters relating to national affairs were discussed during the meeting, a PM House statement said issued here.Copyright APP (Associated Press of Pakistan), 2015


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln