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IDB to invest $ 264mn for procurement of locomotive ISLAMABAD: Islamic Development Bank (IDB) is likely to invest 264 million dollar for procurement of Locomotives and doubling of Track.Government of Japan through Japan International Cooperation Agency (JICA) has also shown interest to revitalization of Karachi Circular Railway (KCR) at an estimated cost of 2.6 billion dollar.Pakistan and China had also signed an MoU for construction of China Pakistan Economic Corridor (CPEC), said an official of PR while talking to APP.Up-gradation of existing railway track from Karachi to Peshawar via Rohri, Multan, Sahiwal, Lahore, Rawalpindi would be part of MoU.Under the agreement, development of Dry Port and Cargo handling facilities at Havelian would be made operational.The whole investment will be dealt as a soft loan on mutually agreed terms and conditions and contracts will be awarded through open bidding in accordance with Public Procurement Rules. Copyright APP (Associated Press of Pakistan), 2014 ...

IESCO issues power suspension notice ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Friday issued a power suspension programme for various areas of its region due to necessary maintenance and routine development work.According to an IESCO spokesman, the power supply of the following feeders/grid stations would remain suspended as under:-April 14 (Monday) from 09:00am to 02:00pm, Garmala, Kashmir Colony, Rathian, Sangohi, Nathwala.From 10:00am to 04:00pm, Diewanpur, Kaniawala, Chak Jani, Chakri, Karam Khan, Dheri Piran, Pir Chak, Chitt, Chak Muhaid, Shumali, ...
Shipping activity at Port Qasim KARACHI: Two ships C.V CMA CGM Wagner and M.T Feng Hai-32 carrying containers and Palm oil were allotted berths at Qasim International Container Terminal end Liquid Cargo Terminal respectively at Port Qasim on Wednesday.Meanwhile three more ships C.V CMA CGM Eiffel, C.V Kerstin-S and M.T Al-Muminah carrying container and furnace oil also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy was managed at the Port at 29% on Wednesday Where four ...
Country needs cheaper electricity for its industrial and agricultural growth ISLAMABAD: Former Secretary Petroleum Dr. Gulfraz Ahmed has said that Pak-China economic corridor will be beneficial for the whole region.Talking to Radio Pakistan, he said that the plan envisages a railway line, an oil pipeline, road network and a gas pipeline.Central Asian countries can also benefit from this economic corridor. Gaddani power project will produce cheaper electricity through coal, he added.An economist Dr. Asim Ullah Bakhsh said energy crisis has affected the economic growth of ...
Power shortfall surges to 2,200 MW ISLAMABAD: The power shortfall in the country again surged to 2,200 MW as the total generation on Tuesday was recorded at 9,300 MW against the demand of 11,500 MW at 0930 hours.According to daily data released by National Transmission and Dispatch Company Limited (NTDC), the hydel generation stood at 1,770 MW, Thermal 1,330 and Independent Power Producers (IPPs) 6,200 MW.Copyright APP (Associated Press of Pakistan), 2014 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln