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Govt to setup 31 police stations/lines in KP PESHAWAR: The Government of Khyber Pakthunkhwa announced construction of 31 police stations/posts and police lines in fiscal year 2012-13 to bolster security environment, says Finance Minister Engr Hamayun Khan on Friday. In his budget speech here, he said that the government has allocated Rs 3725 million for Home Department to complete 31 schemes and construction the said projects. In this new sector, projects pertaining to Police, Prisons, and Prosecution Departments and Rescue 1122 have been integrated. In the Police Department's related schemes, main emphasis will be on completion of ongoing programs. Massive allocations have been envisaged under the third phase of Police Support Development Program, with the aim to strengthen Police department for constructing Police infrastructure in the province i.e. Police stations/posts/lines and procure requisite equipment to fight in order to, improve security and safeguard against terrorism. A mega project on strengthening rule of law will also be implemented with the assistance of UNDP. The ...

KP allocates Rs12180mn for education sector PESHAWAR: The Government of Khyber Pakthunkhwa has allocated Rs 12180 million for promotion of education sector for fiscal year 2012-13 in the budget. This was stated by Finance Minister Hamayun Khan while presenting budget here on Friday. He said education is an essential tool for human resource development, and a necessary ingredient for sustainable socio-economic growth, adding that investment in education contributes to accumulation of human capital, which is essential for higher income and sustainable economic ...
Govt allocates Rs.72m for Labour Dept PESHAWAR: Finance Minister Khyber Pakthunkhwa Engr Hamayun Khan on Friday announced Rs.72.290 million for Labour Department in budget for year 2012-13. The Minister said, in his budget speech, that the Labour Department had an important role in maintaining the supervisory and regulatory standards for employees of both the formal and informal sectors. The department's development portfolio focuses upon establishment of child and bonded labour unit and construction of building for its directorate. An allocation of Rs.72.290 million has ...
4,655 MW power shortfall recorded  ISLAMABAD: The electricity shortfall in the country on Thursday remained at 4,655 MW as the total power generation was recorded as 12,045 MW against the demand of 16,700 MW during the last 24 hours. According to report on daily power generation and load-management position, the hydel generation stood at 4,673 MW, WAPDA thermal 1,398 MW and IPPs 5,974 MW. As many as 700 MW was supplied to Karachi Electric Supply Company (KESC), the report further said. The hydel ...
Forex reserves slips to $ 15.536bn  KARACHI: Country's foreign exchange reserves have plunged by $ 470 million to around $ 15,536 billion as on June 1, 2012 on foreign payments. According State Bank of Pakistan here Thursday, the foreign exchange reserves held by the Central Bank decreased to $ 11.244 billion while reserves held by banks dropped to about $ 4.292 billion dduring the week. Copyright APP (Associated Press of Pakistan), 2012 ...
110,059 cars produced this year; 9.1pc growth registered  ISLAMABAD: Pakistan has produced 110,059 cars during first three quarters of current fiscal year as compared to 100,870 units during the same period last year, showing 9.1 percent growth. The automobile industry seems to be less buoyant in comparison with the corresponding period of last year as its four sectors showed mixed trends of growth during the period. Pakistan Automotive Manufacturing Association (PAMA)'s data said on Thursday that buses, cars, Light Commercial Vehicles (LCVs) and two/three wheelers ...
Commercial exporters: SRO 191, audit condition withdrawn  RECORDER REPORT KARACHI: The Federal Board of Revenue (FBR) has, in principle, decided to withdraw SRO 191 and an audit condition for commercial importers paying 3 percent value-addition tax with immediate effect. Sources said that now, FBR would not asked registered persons to collect NTNs or CNICs of unregistered buyers or sellers. Pereviously, FBR had been pressing registered persons to provide details of unregistered buyers in their monthly sales tax returns. A round of talks was held between tax ...


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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