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NEPRA grants license to Reshma power Generation Ltd for 96.96 MW ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has granted power generation license to Reshma Power Generation (Pvt.) Limited (RPGPL) for its 96.96 MW RFO based generation facility.The license was granted in pursuant to Section 15 of the Regulation of Generation, Transmission and Distribution of Electric Power Act (XL of 1997), said a press release issued here on Monday.The sustainable and affordable electric power is a key for socio-economic-development of any Country.The Economic Growth of any Country is directly linked with the availability of safe, secure, reliable and cheaper supply of electricity.Presently, the country is also facing Supply-Demand Gap.More capacity addition at reasonable cost is necessary.In this regard, concrete efforts are being made to set up electric power projects using cheaper fuels including Coal, Liquefied Natural Gas-LNG and Hydel.The construction/installation of new Power Plants is a lengthy laborious task which cannot be completed in days. In fact such activities involve minimum ...

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 ...
Gwadar to become trade point for many shipping routes in region QUETTA: With its sparkling blue waters, Gwadar is set to become a vital trading point as it connects many shipping routes hence Pakistan and China are keen to turn it into a symbol of their expanding cooperation in future.The coming visit of the Chinese president XI Jinping next week will be an occasion when the two friendly countries are expected to give it a further fillip in boosting their economic and cultural cooperation."The Chinese government ...
IESCO issues power suspension programme ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Thursday issued power suspension programme for various areas of its region due to necessary maintenance and routine development work. According to IESCO Spokesman, the power supply of the following Feeders /Grid Stations would remain suspended as under: On 11 April From 08:30am to 04:30pm, Chakri Grid Station will be affected the load of CCT-1 will be shifted at CCT-2, , From 10:00am to 02:00pm, CM Pak Zong, ...
Pakistan Post introduces new mail, financial services ISLAMABAD: Pakistan Post has introduced a number of new computerized mail and financial services during recent past which are competing with private courier services.Senior official of the department told APP that Pakistan Post is providing a number of economical services to meet the present day requirement of postal clientele especially commerce and industry."Pakistan Post having country wide network where others simply cannot reach provides efficient, cost effective, secure services to the people and organizations," he ...


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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