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Rs 492.8m earmarked for 27 social welfare projects PESHAWAR: Khyber Pakhtunkhwa Minister for Finance, Hamayun Khan Friday announced allocation of Rs 492.8 million for 27 projects of Social Welfare and Women Development projects in fiscal year 2012-13. The minister stated this during speach for budget 2012-13 here at the assembly's floor on Friday. Speaking on the occasion, he said the amount would be utilized for the welfare projects including schemes for well being and safeguarding of destitute women, orphans, children, beggars, drug addicts and special persons. The following targets have been envisaged for the year including establishment of ten vocational center in the province, special education for 90 disabled children, training to 2500 destitute women and provision of shelter and skill to 60 destitute women and 50 orphans. Copyright APP (Associated Press of Pakistan), 2012 ...

PR retrieves Rs5bn land MULTAN: Pakistan Railways (PR) has retrieved land worth Rs 5 billion from the illegal occupants. According to a report available with APP, railways administration has retrieved 2204.586 acres agriculture, commercial and residential land uptil now from private and government departments and institutions during a grand operation started in January. The cost of the retrieved land is over Rs 5 billion, the report added. Before the launch of the operation, 5,323 acres railway land was under illegal occupaton and ...
Provincial govt allocates Rs510.7m for minerals exploration PESHAWAR: Khyber Pakhtunkhwa Minister for Finance, Hamayun Khan said Friday Rs 510.7 million were allocated in 2012-13 budget for the exploration and promotion of mineral resources in the province. In his budget speech here, the minister said a model quarry will be established for the exploration of mineral in district Buner. He said that for inviting private sectors to invest in mineral development exploration, data of existing resources would be compiled. He said that allocated amount would be ...
Power firm launches drive to recover Rs39bn dues HYDERABAD: The management of Hyderabad Electric Supply Company (HESCO) has launched a massive campaign for recovery of its outstanding dues of Rs 39 billion. Out of Rs 39 billion, various departments of the federal and provincial governments have a liability of more than Rs 27 billion while the private consumers have to pay outstanding dues of Rs 12 billion, a HESCO spokesman informed here on Friday. On the directives of Chief Executive Officer HESCO Muzaffar Ali Abbasi, ...
Oil companies invited to explore energy-deficient Pakistan ISLAMABAD: An energy-deficient Pakistan offers rich opportunities for investment in the gas sector given the presence of massive and proven gas and coal reserves waiting to be explored in Pakistan. "Pakistan is currently facing considerable energy shortage due to a rising domestic demand and conditions are ideal for leading gas and oil companies to go in Pakistan and capitalize on opportunities for energy exploration," said High Commissioner for Pakistan to Malaysia Masood Khalid while visiting Pakistan's ...
KP Govt earmarks Rs 2,799.913mn for irrigation PESHAWAR: The government of Khyber Pakhtunkhwa allocated a sum of Rs 2,799.913 million for irrigation sector for the financial year 2012-13. The finance minister told the provincial assembly that for financial year 2012-13 Rs 2,799.913 million has been earmarked against the revised estimates of Rs 2,654.567 million for the year 2011-12. He said that Khyber Pakhtunkhwa is a food deficient province. Since agriculture is the major water harvester, therefore sustainability of this sector directly depends on timely ...
KP govt allocates Rs4704.274m for regional development PESHAWAR: The Khyber Pakthunkhwa Government has allocated Rs 4704.274 million for 35 projects of regional devlopment including 22 ongoing and 13 new projects in budget 2012-13, said Finance Minister Hamyun Khan in his budget speech on Friday. In his address at assembly floor, the Minister said the area development projects play a significant role in enhancing agricultural productivity, natural resource management and rural development. Its goal is to contribute to poverty reduction in the targeted areas through ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln