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Power shutdown for Dargai notified PESHAWAR: Due to necessary maintenance work Power supply will remain suspended from 132 KV Dargai grid station in Malakand agency on 14th & 18th August from 5 AM to 10 AM, resultantly the consumers of 11 kV Industrial, Dargai, & Sakha Kot feeders will face inconvenience. It was notified in a press release of the Pesco issued here Monday. Copyright APP (Associated Press of Pakistan), 2012 ...

Shipping activity at Port Qasim  KARACHI: Four ships carrying containers, chemical, furnace oil and edible oil were allotted berths on Qasim International Containers Terminal, Engro Vopak Terminal, FOTCO Terminal and Liquid Cargo Terminal on Sunday. Meanwhile three more ships scheduled to offload furnace oil, general cargo and chemicals are also arrived at outer anchorage of Port Qasim during last 24 hours. Berth occupancy was 75 percent at the Port on Monday where total number of eight ships namely MV. Maersk Kentucky, Anoushka, ...
A big support to private sector: LCCI  RECORDER REPORT LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) Saturday said that the State Bank Pakistan decision to cut interest rate will help stimulate private sector growth and a flagging economy. The LCCI President Irfan Qaiser Sheikh in a statement said the Governor State Bank of Pakistan deserves appreciation for accepting the private sector demand that has been opposing the SBP tight monetary policy stance since long. He, however, called for measures to overcome energy ...
PIAF urges govt to resolve energy crisis  RECORDER REPORT LAHORE: Pakistan Industrial and Traders Association Front (PIAF) while welcoming 1.5 per cent cut in discount rate, urged the government to overcome energy crisis so that the economic benefits of the decision could be achieved. The PIAF Chairman Sohail Lashari on Saturday said that it would have been better if the SBP Governor had slashed the policy rate to single digit for the revival of the economy of the country. He said that the cut in ...
Business community hails cut in key discount rate  RECORDER REPORT KARACHI: The trade and industry community has welcomed the State Bank of Pakistan (SBP)’s move to reduce discount rate by 1.5 percent in its monetary policy announced on Friday. While appreciating the SBP move to slash its benchmark interest rate by 1.5 percent from 12 percent to 10.5 percent for the next two months they said that this step would benefit some sectors, specially the stock sector. They said that discount rates are still on higher ...


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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 $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln