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People welcomes cut in fuel prices LAHORE: Residents, transporters and traders have welcomed further reduction in fuel prices announced by the government and termed it a direction toward prosperity.Talking to APP on Tuesday, they said that other petroleum goods prices would also decrease.Nabeela Aslam, a housewife, said three rupees cut in fuel items is a good signal. However, it would be complete and meaningful only when its impact was visible on essential commodities,she added.Jafar Nauman,an industrialist said, Pakistan Muslim League-Nawaz led government is looking committed to facilitate people in meaningful manner but the concern authorities should also help the government to implement new prices.Absar Aleem, Waseem dar, Tahir Naeem and some other businessmen said "The government has reduced petroleum prices keeping in view the inflation rate, while the sit-ins and protests are causing huge loss to the national economy,".They said the government is looking to pursue the agenda of providing relief to the people, and does ...

PAEC to generate 40,000 MW electricity by 2050 KARACHI: Chairman, Pakistan Atomic Energy Commission (PAEC), Muhammad Naeem has said that the government has assigned to PAEC a target of generating around 40,000 Megawatts of electricity by 2050 to help resolve the electricity crisis being faced by the country."We are confident about achieving this target within the stipulated period as all the requisite projects and plans are in place for this purpose", he added.He expressed these views while speaking as chief guest at the ...
56 oil, gas discoveries made; 31,000 bopd oil, 500 mmcfd gas added in system in 2 years ISLAMABAD: The Ministry of Petroleum and Natural Resources is following an innovative and radical strategy to achieve self-sufficiency in oil and gas sector by stepping up local exploration and production activities."During the tenure of present government, 56 discoveries have been made since June 5, 2013 and 1,010 bcf (billion cubic feet) reserves of gas and 16 million US barrels reserves of oil have been discovered, while 16 findings are under evaluation," official sources in the ...
Minister assures to help strengthening of logistics support services KARACHI: Federal Minister for Ports & Shipping, Kamran Michael has assured all support to strengthen shipping and logistics support services in the country with equal attention towards infra structure.Addressing the concluding ceremony of the 5th Professionals Shipping, Logistics & Supply Chain Management Conference & Exhibition Wednesday evening, he said concerns expressed and recommendations forwarded by the speakers during the conference will be accorded due attention.Federal Minister for Ports and Shipping assuring that grievances of the ...
PIA to transport 55,800 intending pilgrims to Saudia ISLAMABAD: Pakistan International Airlines (PIA) would transport 55,800 intending pilgrims to Saudi Arabia including 43,600 through 148 Pre-Hajj flights and 12,200 through regular flights, said official sources on Tuesday.The flight operation, commenced from August 16, was being conducted with fleet of Boeing 777, Airbus 310 and Airbus 330 aircraft from seven major cities of Pakistan included Karachi, Lahore, Islamabad, Peshawar, Quetta, Multan and Sialkot.The Pre-Hajj operation will culminate on September 17.While the airline's Post Hajj ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln