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Only low recovery areas, facing load shedding above schedule: Abid ISLAMABAD: Minister of State for Water and Power Chaudhry Abid Sher Ali on Monday informed National Assembly that very low recovery areas were facing load shedding over and above the schedule.Replying to a Calling Attention Notice, the minister said, the feeders where the recovery rate of dues was less than 30 percent, the power outage duration was more than other areas.About long hours load shedding in recent past, he said, it was two weeks back when the IRSA had not released the water share of provinces that had resulted in dip in hydro power generation. "But, we tried to overcome this shortage through other energy resources. Now, the situation is better." The minister explained to the House that at present there was six to seven hours load shedding in cities, nine to ten hours in villages and eight hours in industrial feeder areas."Other than this schedule, load shedding over and ...

ATC acquits five accused over insufficient evidence RAWALPINDI: An Anti-terrorist Court on Monday acquitted five accused in hate speeches case. During a hearing in ATC court No 2, Judge, Asif Majeed Awan acquited Maulvi Muhammad Umer, Muhammad Hafaz, Khalil Nawaz, Fakhar Hussain and Ch Arshad Hussain in the case, saying the evidence against them was not sufficient for further proceedings. The case had been registered against them at police station in Attock and were arrested on charge of delivering hate-speeches and inciting ...
PAF's JF-17 Thunders escort Chinese President's aircraft ISLAMABAD: A formation of eight JF-17 Thunder aircraft of Pakistan Air Force (PAF) escorted the Chinese President, Xi Jinping, who arrived in Pakistan on a two-day official visit on Monday.The Thunder formation, led by Wing Commander Nauman Khalil, escorted the VVIP aircraft of the Chinese President, the moment it entered the Pakistani airspace and remained with it till it landed at PAF Nur Khan Airbase.Later during the welcome ceremony at Nur Khan Airbase, eight JF-17 ...
Chinese president's visit to strengthen Sino-Pak ties: Ashrafi LAHORE: Pakistan Ulema Council central chairman Hafiz Muhammad Tahir Mehmood Ashrafi has said that visit of Chinese president to Pakistan will further strengthen Pak-China relationship.In a statement on Monday, he said that China and Saudi Arabia friendship had significant importance in the foreign policy of Pakistan.He said the visit and agreements in different sectorsincluding energy and transport showed a sound relationship of China and Pakistan.Ashrafi said Saudi Arabia and China always supported Pakistan in hard ...
73 new passports offices being set up: NA told ISLAMABAD: Parliamentary Secretary for Interior and Narcotics Control, Marriyum Aurangzeb on Monday apprised the National Assembly that setting up of 73 new passport offices have been approved which would be operationalized by November to facilitate the masses. Replying to a supplementary question during a Question Hour, she said that out of these new passport offices, 15 would be set up in various districts of Khyber-Pakhtunkhwa. She said that the ministry was actively working on proposal ...
Pak-China cooperation touching new heights: Zafar Ali Shah ISLAMABAD: Former Senator Syed Zafar Ali Shah has said that China's cooperation with Pakistan in diverse fields reached new heights.Talking to a private news channel, the former senator said that Pakistan has also served as a bridge between China and other Muslim countries.He said strong relations with China were a centre of Pakistan's foreign policy.He said that China heavily invested in different fields especially infrastructure development projects as well as Gwadar Port.He said both the ...
Free trade zone to be set up at Gwadar: Michael ISLAMABAD: Minister for Ports and Shipping Kamran Michael has said that a free trade zone would be set up at Gwadar Port for tax free manufacturing.He said 2,281 acres of land had been acquired for this purpose.Kamran Michael said Gwadar port was the deepest along the Arabian Sea, Indian Ocean and Bay of Bengal, Radio Pakistan reported on Monday.He said the federal government would soon inaugurate a project of international airport at Gwadar at a ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln