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Govt announces Rs1.3bn Ramzan Package ISLAMABAD: The government has announced Rs. 1.3 billion Ramzan Relief Package in order to provide quality essential commodities on subsidized rates during Ramazan.It is aimed at ensuring relief to people who will get these items on lower rates in holy mont as compared to the open market.Addressing a press conference on Thursday, Minister for Industries and Production, Ghulam Murtaza Jatoi said that under the package 18 daily used items would be provided on subsidized rates through Utility Stores Corporation (USC) network across the country.The USC, he said would also provide more than 1000 quality items on 5-10 percent discount rates as compared to retail market prices during the holy month for the relief of the masses, specially the poor segment of the society.The Minister recalled that Prime Minister Muhammad Nawaz Sharif had initiated the Ramzan Package during 1991 and after that all governments had followed it.This time despite financial constraints, ...

NBP ensures superlative ATM services for its customers during Ramzan & Eid holidays ISLAMABAD: The National Bank of Pakistan (NBP), being the nation's bank has taken special measures to ensure superlative Auto Teller Machine (ATM) services to facilitate its valued customers twenty four hours in seven days (24/7) during the holy month of Ramzan & Eid holidays acoss the country, a senior offical of the bank said."The NBP takes immense pride in being the Nation's Bank, keeping in view our responsibility to the nation, we are fully committed ...

Positive steps ensure 2.9pc growth in agri sector this year ISLAMABAD: The overall performance of agriculture sector has recorded a growth of 2.9 percent during 2014-15 as compared to 2.7 percent last year due to positive steps in all related agriculture sub-sectors.During the period, crops witnessed a growth of 1.0 percent, livestock 4.1 percent, forestry 3.2 percent and fishing 5.8 percent.The agriculture's crop sub-sector component which includes important crops, other crops and cotton ginning showed growth of 0.3 percent, 1.1 percent and 7.4 percent respectively.A ...

No power outage during Sehr, Iftar, Traweeh: Khawja Asif ISLAMABAD: Minister for Water and Power, Khawja Asif on Thursday announced new timetable of load-management during holy month of Ramazan by ensuring uninterrupted supply of electricity to consumers during Sehr, Iftar and Traweeh.Addressing a press conference here, he said that Prime Minister Nawaz Sharif has directed to ensure hassle-free power supply to the consumers at `Iftar' and `Sehr' during the holy month of Ramazan.The Minister said that the power supply to industries will be suspended ...

Shipping activity at Port Qasim KARACHI: Four ships C.V CMA CGM Rabelais, C.V Maersk Hartford, M.V Eastern Star and M.T GSW Frontier carrying containers,iron ore and palm oil were allotted berths at Qasim International Container Terminal.These ships berthed at iron ore & coal and Liquid Cargo Terminal respectively at Port Qasim on Wednesday.Berth occupancy was observed at the Port at forty seven percent on Wednesday,where seven ships namely C.V CMA CGM Rabelais, C.V Maersk Hartford,M.V Panorama, M.V Eastern Star, M.I ...

JCR maintains entity of NBP Leasing KARACHI: JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the entity ratings of the NBP Leasing Limited (NBPL) at `A+/A-1' (single A plus /A-One).The previous rating action was announced on June 24,2014, said press release here on Thursday. NBPL is a wholly owned subsidiary of National Bank of Pakistan (NBP). The ratings of NBPL derive strength from its association with NBP, which is one of the largest commercial banks operating in the country.Access to capital ...

PTDC offers 35pc discount during month of Ramadan ISLAMABAD: Pakistan Tourism Development Cooperation (PTDC) offers up to 50 percent discount on accommodation in PTDC motels and hotels during the holy month of Ramadan.PTDC offers can be enjoyed at its Ayubia, Naran, Balakot, Saidu Sharif, Kalam, Miandam, Chitral, Booni, Bamburet (Kalash Valley), Mastuj, Phandar, Gupis, Gilgit, Hunza, Sost (Pak-China border), Rama Lake, Skardu, Khaplu and Besham resorts. Sehri and Iftar dinner would be available at all the resorts during the holy Month. It is ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln