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PIA restructuring on card through strategic partnership: NA told ISLAMABAD: Minister of State for Parliamentary Affairs Sheikh Aftab Ahmad on Thursday informed the National Assembly that a proposal is under consideration to restructure the Pakistan International Airlines (PIA) through strategic partnership.During Question Hour, he said, that Privatization Commission has been tasked to carry forward the process of privatization of core activities of national airline by divesting 26% of its share with complete management.He said the objective is to offset the airline from recurring losses and to improve its service for the travelling passengers.He also enumerated the steps being taken to improve performance of PIA including fleet modernization; closure of non-profitable international routes, and adoption of a comprehensive fuel cost control strategy.The Minister said officers of good reputation service record and relevant experience have been posted on important posts. He said many departments have been merged to improve horizontal coordination of the organization.Sheikh Aftab said that various less economical or ...

3G services witnessing reasonable response amid user-friendly packages ISLAMABAD: Thanks to different user-friendly packages announced by mobile phone operators, the newly introduced 3G services have witnessed a reasonable response and its subscription reached around 2.7 million mark since its launch from April this year.The number is grossly close to 3.37 million broadband users that are available in the country. If uptake remains the same, the number of mobile broadband subscriptions is soon going to cross the number of broadband subscribers within next few ...
Eleven projects ongoing to promote industries in Balochistan: Rao Ajmal ISLAMABAD: Parliamentary Secretary for Industries and Production Rao Muhammad Ajmal Khan Wednesday told the National Assembly that there are eleven ongoing projects worth over Rs 3.8 billion to promote industries in Balochistan.Replying during Question Hours in the House, Rao Ajmal Khan said that allocations for industrial development for Balochistan are much more than Punjab.Regarding the law and order situation in Balochistan, he said that the government would fully support the local and foreign investors if ...
CNG stations fined for overcharging FAISALABAD: The District Administration has fined three CNG station owners with Rs 75000 for overcharging.According to city district government, Assistant Commissioner (AC) city Shah Rukh Niazi conducted raids in different areas of the city and found out that three CNG station owners including Tamoor CNG Satyana Road, Laraib CNG Narwala Road and Akbar CNG Batala Colony were over charging.The AC city imposed a fine of Rs 25000 each on these CNG station owners. Copyright APP ...
IESCO issues power suspension programme ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Tuesday 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:On 22 October From 08:00am to 12:00noon, Dharabi, Jhatla, Lawa, Wanhar, Hassal, Duffer, Sagharpur feedersFrom 09:00am to 12:00noon, Islampura, Valley, Attock Rural, Hameed, C.Mar, Murat, ChabbFrom 09:00am to 01:00pm, Maj. Masood, ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln