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PRs to outsource more trains to control losses ISLAMABAD: Pakistan Railways has outsourced three trains and would soon outsource additional trains to control losses and improve its performance. Shalimar, Rohi and Hazara Express have been outsourced while a new Business Express was also launched as a joint venture with the private sector to facilitate the passengers. According to Pakistan Railways here on Monday, it has adopted measures and was making efforts to recover outstanding amount due from other departments and companies. It introduced new signaling system on the network to minimize detentions and saving in fuel expenditure. The other step was reaching out to private sector to utilize idle capacity in the Railway system through Track Access Policy. The strategy of railway administration is to repair and maintain existing locomotives and procurement of new locomotives and in this regard, efforts were being made to get sufficient funds from government for rehabilitation of required locomotives, rolling stock, and purchase of spares parts and ...

Shipping activity at Port Qasim KARACHI: Brisk shipping has been observed at the Port Qasim during last 24 hours, where five ships carrying containers and LPG were allotted berths at Qasim International Containers Terminal and Engro Vopak Terminal respectively on Sunday. Meanwhile four more ships scheduled to offload chemicals also arrived at outer anchorage of Port Qasim during last 24 hours. Berths occupancy was 55% at the Port Qasim on Monday where total number of six ships namely MV.Lantua Arrow, MSC Ayala, ...
KP considers to hire Turkish experts services for transport uplift  PESHAWAR: Khyber Pakhtunkhwa Minister for Information, Mian Iftikhar Hussain on Sunday termed the transport system of Turkey is a best one of the world and hinted to hire the services of Turkish transport's experts to bolster the Khyber Pakhtunkhwa transport system. He expressed these views during visit to bus terminal in Istanbul, Turkey, says a press release here on Sunday. Commissioner Peshawar Division and Secretary Transport were also present on the occasion. The minister was told that 360 ...
Local auto parts industry suffer losses due to import of used cars  LAHORE: The local production of cars has registered a massive reduction of 22,000-25,000 units owing to import of 50,000 used cars in one year, besides hurting the domestic auto parts vending industry to the tune of Rs 27 billion. The domestic auto parts manufacturers are feeling the brunt of this trend as the demand for locally produced vehicles has slowed down, which is evident from the fact that size of local market has shrunk to currently ...
30pc industrial units remain closed as gas pressure drops  RECORDER REPORT KARACHI: In SITE industrial area, 25 to 30 per cent industrial units remained closed on the third consecutive day as gas pressure dropped. Chairman, SITE Association of Industry (SAI), Muhammad Irfan Moton has said that industry is suffering huge losses due to continuous closure. He said that industries had to meet their export commitments in time and for which they needed uninterrupted supply of gas, water and electricity. He said that the industrial production had stopped on ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln