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PIA restructuring on card through strategic partnership: NA told ISLAMABAD: Minister of State for Parliamentary Affairs Sheikh Aftab Ahmad on Thursday informed the National Assembly that a proposal is under consideration to restructure the Pakistan International Airlines (PIA) through strategic partnership.During Question Hour, he said, that Privatization Commission has been tasked to carry forward the process of privatization of core activities of national airline by divesting 26% of its share with complete management.He said the objective is to offset the airline from recurring losses and to improve its service for the travelling passengers.He also enumerated the steps being taken to improve performance of PIA including fleet modernization; closure of non-profitable international routes, and adoption of a comprehensive fuel cost control strategy.The Minister said officers of good reputation service record and relevant experience have been posted on important posts. He said many departments have been merged to improve horizontal coordination of the organization.Sheikh Aftab said that various less economical or ...

3G services witnessing reasonable response amid user-friendly packages ISLAMABAD: Thanks to different user-friendly packages announced by mobile phone operators, the newly introduced 3G services have witnessed a reasonable response and its subscription reached around 2.7 million mark since its launch from April this year.The number is grossly close to 3.37 million broadband users that are available in the country. If uptake remains the same, the number of mobile broadband subscriptions is soon going to cross the number of broadband subscribers within next few ...

Imran Khan should follow Qadri to call off sit-in: Akbar ISLAMABAD: Political leaders said it is the time that Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan should follow the decision of Qadri to resolve all issues through parliament.Talking to Radio Pakistan, former vice president of Pakistan Tehrik-e-Insaf (PTI) Akbar S. Babar said the intra-party elections of PTI were totally fraud and deserving candidates were unable to get the party tickets for general elections, 2013.Now, Imran Khan is involved in politics of sit-ins and demanding the resignation ...

PM strongly condemns Hazarganji firing incident ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Thursday strongly condemned the incident of firing at a passenger bus in Hazarganji area of Quetta's outskirts that left eight people dead and injured several others.The Prime Minister deplored the loss of lives and extended condolences to the bereaved families.Copyright APP (Associated Press of Pakistan), 2014

President condemns firing on bus in Quetta ISLAMABAD: President Mamnoon Hussain on Thursday while strongly condemning the incident of firing on a bus in Quetta expressed his deep shock over the loss of precious lives.The President prayed to Allah Almighty to shower his blessings on those who lost their lives.Copyright APP (Associated Press of Pakistan), 2014

Around 200 NWA IDPs to be imparted skills training, employment  facilitation ISLAMABAD: Around 200 women and men from North-Waziristan Agency (NWA), temporarily residing in District Bannu due to ongoing Operation Zarb-e-Azab, will be imparted employable skills training and employment facilitation.The two United Nations organizations - United Nations Development Programme (UNDP) and International Labour Organization (ILO) have joined hands to initiate the process under Community Resilience Project for NWA Displaced Families.In his comments on the development, UNDP Country Director, Marc-Andr? Franche elaborated that UNDP and ILO have ...

Mild quake felt in Peshawar, Azad Kashmir PESHAWAR: A mild earthquake measuring 4.8 on international Richter magnitude scale jolted Peshawar, its surroundings and parts of Azad Kashmir on Thursday morning.According to meteorological office the epicenter of the quake was in the mountainous range of Azad Kashmir.No loss to life or property was reported in the earthquake.Copyright APP (Associated Press of Pakistan), 2014


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln