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LAHORE: Pakistan Industrial & Trader Association Front (PIAF) here Tuesday demanded of the government to make federal budget 2012-13 business friendly for economic revival in the country. PIAF Chairman Sohail Lashari said that Budget-2012-13 should be friendly for trade and Industry as well as tax-free. Lashari said that energy crisis, inflation, unemployment, law and order, and high cost of doing business have hit the economy. He said the government would have to allocate sufficient funds for Kalabagh Dam, Thar Coal Project, and early completion of Pak-Iran Gas Pipeline project. PIAF Chairman urged the government to ensure availability of water to the agriculture sector and cheap electricity to trade and industry. He said, the government should develop consensus among and the federating units by convincing them that this was the only way out of ongoing power crisis. He said that government should also launch coal based power projects. PIAF Chairman urged the government to pave way to ...

ISLAMABAD: The Large Taxpayers Unit (LTU) of the Federal Board of Revenue (FBR) on Tuesday attached all the bank accounts of the Pakistan Telecommunication Authority (PTA) to recover outstanding Rs.3.6 billion income tax liability. According to an FBR statement, the PTA was served with a recovery notice under Section 138(10 of the Income Tax Ordinance 2001, to deposit the outstanding liabilities by May 28, but it failed to do so. Accordingly, various teams were formed by Chief ...
LAHORE: Federal Minister for Railways Haji Ghulam Ahmed Bilour said on Tuesday that a 12-kilometre railway track from Chaman to Spin Boldak would be laid as the government had given approval for this purpose. Addressing a press conference here at Railways Headquarter, he said that a project to double railway track from Okara to Lalamusa had been approved and work on this project would soon be started. He said that though railways was facing financial crisis due ...
ISLAMABAD: Minister for Water and Power Syed Naveed Qamar on Tuesday said that Zorlu Enerji Wind Power plant would start supplying 56.6 MW electricity to the national grid station by December. Talking to media persons after signing Financial Close ceremony of 56.6 MW Zorlu Enerji Wind Power Project being set up at Jhimpir (Sindh) here, he said that now physical construction would be started on the project after the financial close. Some machinery has already been ...
ISLAMABAD: The electricity shortfall in the country on Tuesday remained at 6,000 MW as the total generation was recorded as 11,462 MW against the 17,462 MW demand during the last 24 hours. According to the report on daily power generation and load-management position, the hydel generation stood at 3,821 MW, WAPDA thermal 1,489 MW and Independent Power Producers (IPPs) 6,152 MW. As many as 710 MW was supplied to Karachi Electric Supply Company (KESC), the report added. Copyright ...
KARACHI: Shipping activity remained active at the Port during last 24 hours, where three ships carrying containers, chemical and edible oil were allotted berths at Qasim International Containers Terminal, Engro Vopak Terminal and Liquid Cargo Terminal on Monday. Meanwhile four more ships scheduled to load/offload containers and furnace oil also arrived at outer anchorage of Port Qasim during last 24 hours. Berth occupancy was 30% at the Port on Tuesday where total number of three ships namely ...
ISLAMABAD: The export of cement from the country during the first ten months of current financial year registered an increase of 3.50 percent and recorded at 6,985,500 metric tons as compared to 7,619,299 metric tons during the same period of last year. According the data of Pakistan Bureau of Statistics (PBS), the country earned US$ 387.268 million during the period from July-April 2011-12 as against US$ 374.156 million during the same period of last year. Meanwhile, during ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln