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Li Zhengmao, EVP, China Mobile Communications Corporation meets Dar ISLAMABAD: Li Zhengmao, Executive Vice President, China Mobile Communications Corporation along with his team on Thursday called on the Finance Minister Senator Ishaq Dar and discussed promotion of telececommunication sertor in Pakistan.Zhengmao on the occasion congratulated the Finance Minister and the Minister of State for IT, for holding successful Spectrum Auction in a transparent manner.He said that his Corporation will invest over US $ one billion in telecommunication infrastructure and training of its officials within a period of three years.Reiterating his commitment to expand investment in Pakistan, Zhengmao disclosed that he plans to roll out projects in e-education and e-health.He said a framework agreement for future investment and R&D projects with the Government of Pakistan, will be formally signed for further commitments.Minister of State for IT, Ms. Anusha Rehman, who was also present in the meeting, called for production of mobile sets in Pakistan which will help the local industry ...

CM praises CCTV cameras for wheat procurement centers LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has appreciated installation of CCTV cameras at wheat procurement centers in Gujranwala and said that the system will be extended to all districts of Punjab next year.He observed this while presiding over a high level meeting for review of wheat procurement campaign, here on Thursday.He said interest of small farmers will be safeguarded at any cost and they would be saved from exploitation by profiteers and pilferers.He said ...

Govt working for technical training to youth: Baligh ISLAMABAD: Minister of State for Education, Eng. Muhammad Bligh-Ur-Rehman Thursday said that PML-N government was trying hard to give technical training to its youth.An external and independent Mid Term Review (MTR) of the support to Technical Educational and Vocational Training (TVET) in the country was taken in the presence of two experts from European Union in Ministry of ET&SHE.The objective of the MTR was to access implementation of the project in terms of relevance, efficiency, ...

EU wants to enhance trade ties with Pakistan LAHORE: Ambassador of European Union (EU) Lars Gunnar Wigemark has said the EU wants to enhance trade relations with Pakistan.He was talking to LCCI President Engineer Sohail Lashari during a visit to the Lahore Chamber of Commerce and Industry on Thursday.LCCI vice President Kashif Anwar, Executive Committee members Zafar Mehmood and Talha Tayyab Butt were also present.The Generalized System of Preferences (GSP) Plus had given better market access to the products made in Pakistan to ...

Liquid forex reserves stand at $11,753.8 million: SBP KARACHI: The total liquid foreign reserves held by the country stood at $11,753.8 million on April 18, 2014, said a press release issued by State Bank of Pakistan (SBP) here on Thursday.The break-up of the foreign reserves position was as under.(i) Foreign reserves held by the SBP: $ 7,010.0 million,ii) Net foreign reserves held by banks $ 4,743.8 million,(iii) Total liquid foreign reserves $ 11,753.8 millionDuring the week ending April 18, SBP's liquid FX reserves ...

Power shortfall forces IESCO to 6-8 hours load-shedding ISLAMABAD: The power shortfall in the country has also compelled the Islamabad Electric Supply Company (IESCO) to resort to 6-8 hours scheduled power load-management across its region including twin cities of Rawalpindi and Islamabad.The power shortfall in the country again surged to 2,600 MW as the total generation on Thursday was recorded at 10,100 MW against the demand of 12,700 MW at 0900 hours forcing the power distribution companies to load-management programme.According to daily data ...

Prime Minister to visit UK on April 28 ISLAMABAD: Prime Minister Muhammad Nawaz Sharif would visit the United Kingdom from April 30 to May 2, at the invitation of British Prime Minister, David Cameron to discuss bilateral ties.Foreign Office Spokesperson Tasnim Aslam while giving the details of the visit said, Prime Minister would hold discussions with his British counterpart on matters of mutual interest. He would also hold meetings with select UK cabinet ministers. The Prime Minister would also address an Investment Conference ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln