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CPEC to bring significant improvement in country's health conditions ISLAMABAD: China Pakistan Economic Corridor (CPEC) project has envisaged many public welfare schemes which will help improve health of the people and ensure they get other basic needs of life."It is the involvement of private sector which will steer forward the vision of leadership of both the countries and materialize the development of this corridor which will prove to be a fate for future," Director General, Pak-China Institute, Fazal-ur-Rehman said.He made it clear that the corridor project was spread over entire Pakistan from South to North having several projects of energy, infrastructure, health, education and clean drinking water. On a few misconceptions in media and some political circles, he said China Pakistan Economic Corridor was not a name of any single road or rail alignment. He said it was neither aimed at competing with other ports, nor was being ventured on loan money, he said.Rehman said that besides health and ...


Nandipur power plant to be fully functional by May ISLAMABAD: Managing Director Nandipur Power Project Muhammad Mehmood on Friday said that 425 MW Nandipur Power Project would be fully operationalized by May.Talking to APP here he said that three units of the project have already been commissioned while fourth unit combine circles was being tested.Currently, the plants was generating 300 MW, he added.The MD said that with the operationalization of fourth unit of combine circle, the plant would supply 425 MW electricity to the ...

Top leaders in IoK held after pro-Pakistan rally SRINAGAR: Police arrested a prominent separatist leader in Indian occupied Kashmir (IoK) on Friday after he headlined at a rally where supporters waved Pakistani flags and chanted pro-Pakistan slogans.Masarat Alam Bhat, who was released in March after several years behind bars, was arrested at his home in the main city of Srinagar, a day after police registered a case against him for "anti-national" activities."He (Bhat) has been arrested after a case for unlawful activity was ...

Liquid foreign reserves reach US$16,818.4mn KARACHI: State Bank of Pakistan on Thursday announced that total liquid foreign reserves held by the country stood at US$16,818.4 million on 10 April 2015.The break-up of the foreign reserves position is as following: foreign reserves held by SBP stood US$11,758.7 million; net foreign reserves held by banks were US$5,059.7 million; and total liquid foreign reserves stood US$ 16,818.4 millionDuring the week ending 10 Apri l2015, SBP's Liquid FX Reserves increased by US$142 million to ...

Four govt officers detained for 90 days KARACHI: The Pakistan Rangers, Sindh on Thursday produced four government officers before Anti Terrorism Court (ATC) and informed it about their 90-day preventive detention for interrogation about their allegedly involvement in land grabbing and china cutting .The personnel of Pakistan Rangers, Sindh, along with their counsel produced the Director land Najam-uz-Zaman, KMC recovery officer Abdul Qawi, Muhammad Ali and Muhammad Anwar Farooqi and informed the court that the accused were picked up on the indication ...

Five killed in different city incidents KARACHI: Five people, including two students, were killed in different mishaps in the metropolis on Thursday.Two young students, Ghazia, 13, and her brother, Ahsan, 15, were killed when a speeding dumper-truck hit them in Ahsanabad, Gulshan-e-Maymar while going to attend their examination. The driver fled soon after the accident. The bodies were shifted to Abbasi Shaheed Hospital for medico-legal formalities.A woman, Zaibunnisa, 26, wife of Sikandar, committed suicide by consuming a poisonous substance in Gulistan-e-Johar, ...

Preedy Police SHO shot dead KARACHI: The Station House Officer (SHO) of Preedy Police Station was gunned down here on Thursday.The police sources said that the armed men targeted SHO Ijaz Khawaja in his car at Korangi Road near Akhtar Colony. He was rushed to Jinnah hospital where he succumbed to his injuries.The police has registered a case and started investigation.In another incident a lady Vice Principal of a private medical and dental college was critically injured in firing by ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln