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Govt efforts for energy projects lauded FAISALABAD: Business community here on Wednesday has lauded the efforts of present government to transform energy constrained Pakistan into "energy surplus country" just within a period of two to three years.President Faisalabad Chamber of Commerce and Industry (FCCI) Ch. Muhammad Nawaz appreciated the ground breaking ceremony of 1223-MW power project at Balloki by Prime Minister Nawaz Sharif and said that government has accepted the challenge to fulfill the energy needs with a focussed approach and thus generate cheap and affordable electricity."The government has shown its sincerity by bringing down the construction cost of various projects which also speaks of the commitment of the present rulers to save the national wealth".He said that in Faisalabad, industrial sector is running at 50 to 60 percent of its actual capacity only due to shortage of energy and high cost of doing business. He hoped this new project will not only add sufficient electricity ...

New low-cost battery to store renewable energy ISLAMABAD: A new battery that uses low-cost materials like sodium and magnesium could bring the cost of storing power from renewable sources more affordable, said researchers.The new device's energy density was also found close to that of lithium-ion batteries.Storing electric power from wind and sun for days when the air is still or the sun is down remains a challenge, largely due to cost, Science Daily reported.Today, lithium-ion batteries are the storage technology of choice ...
CCoP in process of privatizing 69 units, 5 privatized: Senate informed ISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi Thursday informed the Senate that the Cabinet Committee on Privatization (CCoP) had approved a broad-based privatization program under which privatization of 69 units and institutions was under consideration."Mode of the privatization is subject to the recommendation of the Financial Adviser and approval of the CCoP, and can differ from transaction to transaction," he said on behalf of the Finance Minister during the question-hour.Since 2013, he ...
Broad-based plan afoot for hydel power generation to meet increased energy requirements MIRPUR (AJK): The AJK government has initiated an integrated phased plan to make the territory self-sufficient in power production besides to extend maximum contribution to the national grid, official sources said.The AJK state is blessed with the huge natural resources for the generation of over 20 thousand megawatt of hydel power, the sources told APP here Tuesday adding that the sitting PPP led AJK government has decided to utilize these resources not only to be ...
PIA receives two airplanes ISLAMABAD: Pakistan International Airlines (PIA) has received two airplanes on Tuesday increasing the fleet size of the national flag carrier to 37.According to a Spokesman, the two aircraft which have been parked at Jinnah International Airport, Karachi include a Boeing 777-200ER and an Airbus A-320.The planes would be put to operation after completion of formalities.PIA's fleet size has doubled since June 2013 and there are plans to further expand it to 40 by the end ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln