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Govt urged to control line losses, power theft  RECORDER REPORT LAHORE: The Lahore Chamber of Commerce and Industry on Saturday urged the government to control line losses, electricity theft, and inefficiency in recovery of dues and help stop political interference in energy sector that has reduced the country’s economic growth by 3-4 per cent in the last two years. According to the LCCI President Irfan Qaiser Sheikh said that the US report about the political interference in the energy sector is an eye-opener for all as it is not only the economy that has been facing a meltdown-like situation but the entire country is in grip of multiple challenges due to an acute energy shortage. He said that there is no second opinion about it that an effective governance is critical to economic reforms but if the political interference continues to undermine the decision-making then how one can expect an economic turnaround in coming years. Sheikh said that the Lahore Chamber ...

Businessmen urge SBP to bring mark-up rate to single digit  RECORDER REPORT KARACHI: The business community has urged the State Bank of Pakistan (SBP) to announce a reduction in the markup rate and bring it in single digit in the forthcoming Monetary Policy. They said that markup rates in Pakistan were too high as compared to the others countries in the region. They said that the availability of cheaper money would reduce cost of doing business which was extremely high in Pakistan. They said cut in markup rates would ...
Shipping activity at Port Qasim  KARACHI: Three ships arrived at Port Qasim on Friday carrying containers at QICT, chemical at EVTL, LPG at SSGC. Berth occupancy was maintained at 71% at the Port Qasim on Saturday where a total of ten ships namely M.V Fisher-D, M.V Hawk, M.V BBC Arizona, Zulu M.T Malibu, M.T Gas Husky are currently occupying berths to load/offload palm oil, project cargo, chemical, cement, containers, LPG was handled at Port Qasim last 24 hours. Cargo handling operation were ...
Producers raise LPG price by Rs19 per kg  KARACHI: Local producers of liquefied petroleum gas (LPG) have increased prices by Rs 19,000 per ton in accordance to a rise in its international prices (Saudi Armaco Contract Price). This was stated by the pattern in chief of All Pakistan LPG Distributors Association Abdul Hadi Khan here Friday. New prices are effective from August 3, 2012. He said per kilogram price of LPG has been raised by Rs 19 while 11.8 kg cylinder has been increased by ...
Bilour demands 2200 MW electricity for KP ISLAMABAD: Minister for Railway Haji Ghulam Ahmed Bilour Friday demanded of the federal government to enhance the electricity supply to Khyber Pukhtunkhwa from current 1300 megawatts to 2200 MW to cope with province's power needs. In this regard, the railways minister called on Minister for Water and Power Chaudhry Ahmed Mukhtar and conveyed people's sentiments on the situation created out of the prolonged power outages. He said KP province produces around 3200 MW of electricity but it ...


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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln