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Import of LNG to provide big saving to country ISLAMABAD: The import of Liquefied Natural Gas (LNG) would provide a big saving to the country in view of lower petrol imports.An official of ministry of Petroleum and Natural Resources told APP that the import of LNG in transport sector will save billions per annum, generate jobs, protect industry and ensure a clean environment, besides providing cheaper fuel to consumers.He said the initiative would ensure uninterrupted supply of CNG to consumers. He said that initially 300 MMCFD (million cubic feet per day) of LNG will be imported and after six months the import volume will be increased to 400 MMCFD, he added.He said the electricity generation from LNG will cost Pakistan less compared to the power production from diesel.The Compressed Natural Gas (CNG) sector will directly import the Liquefied Natural Gas (LNG) after which no CNG station would face closure," he said.Copyright APP (Associated Press of Pakistan), 2015

IESCO issues power suspension programme ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Thursday issued power suspension programme for various areas of its region due to annual maintenance and routine development work.According to an IESCO spokesman, the power supply of the feeders/grid stations would remain suspended as under:On 27 February 10:30am to 16:30pm, From Kamalabad Grid, Lalazar feeder, Lalazar State, Dh.Bahadar Shah, Sherzaman Cly, Tulsa Road & Surrounding area On 28 February 10:00am to 13:00pm, From Kamalabad, Adyala and Chaklala ...

All set for Kinno Export board constitution SARGODHA: Federal Secretary for Information and Broadcasting Mohsin Shahnawaz Ranjha said in order to address the problems of Kinno cultivators the government has completed planning for setting up Kinno Export Board in the district. Mohsin Ranjha was chairing a meeting here on Thursday attended by provincial chief SMEDA Raja Hassnain Javed, EDO agriculture Ramzan Niazi, President Kinno grower association Hamid Saleem Warriach. Copyright APP (Associated Press of Pakistan), 2015

Ambassador Jilani highlights Pakistan's growth, investment prospects WASHINGTON: Highlighting Pakistan's tremendous economic prospects, Ambassador to the United States Jalil Abbas Jilani has said the country is on way to registering a heartwarming five plus economic growth rate this year.The ambassador was addressing a gathering of business and political leaders in Delaware, where he also spoke to around 600 students from various institutions, articulating Pakistan's policies, its economic outlook and the vital role the country plays for peace and stability in the region.He ...

Labour bill to be moved in PA: Sarwar LAHORE: Provincial Labour Minister Raja Ashfaq Sarwar on Thursday said,an amended bill of labour laws would soon be moved in the Punjab Assembly."After the approval of laws, protection of labour rights and incentives to their families will be ensured", he added. Talking to APP, he said, the PML-N government has accorded high priority to the workers rights and is making effective legislation to secure their welfare. He said a hefty amount of Rs2 billion has ...

IHC arranges reference to pay tributes to late Rana Bhagwandas ISLAMABAD: Islamabad High Court (IHC) has arranged a condolence reference to pay tributes to former Judge of Supreme Court and former Chairman of Federal Public Service Commission (FPSC), Rana Bhagwandas, who passed away in Karachi the other day.At the reference, Chief Justice IHC and Judges considered death of late Judge as a great loss to judicial fraternity.They expressed sorrow and offered condolence to the bereaved family.Copyright APP (Associated Press of Pakistan), 2015

Rs8bn allocated for development projects in Attock ATTOCK: State Minister for Parliamentary Affairs, Sheikh Aftab Ahmad has said that Punjab government has allocated more than eight billion rupees for different development projects in district.He said this during his visit to under construction 2.6 km long road from Session Chowk to Polytechnic College Attock.The development funds would be utilized for repair, dualisation and construction of new roads across the district, he added.During the visit he said that 34 percent construction work of the ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln