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PIAF rejects recent increase in petrol prices  RECORDER REPORT LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) on Tuesday rejected the recent increase in petrol prices that is bound to jack up the prices of daily use items to unprecedented level. The PIAF Chairman Sohail Lashari urged the government to desist from making any increase in the petroleum prices as the economy is already facing multiple challenges and cannot afford any further hike in POL prices. He said that an acute shortage of electricity has pushed the trade and industry to the wall while the unemployment graph is going up with every passing day. He said that only few days back, the government announced some relief by cutting the prices of petroleum products but now again they are planning a huge increase of about Rs 7 per litre which is a sheer injustice. He said that PIAF had for the last many months been calling on the concerned government circles to ...

Electricity shortage reaches 6,000MW mark  ABDUL RASHEDD AZAD ISLAMABAD: The electricity shortage in the country has reached 6,000 Megawatts (MW) due to damage of Muzaffargarh Power Plant transmission lines which would be completely restored within two days, Water and Power Ministry officials said. Six pylons (towers) of 500kv transmission line were uprooted due to thunderstorm and rains resultantly affecting 220kv transmission line passing underneath which further damaged 13 towers on the same transmission line. The official said that Management was forced to suspend ...
Power plants oil supply increased to 25,000MT from 12,000MT MUZAFFARGARH: Oil supply to power plants in the country has been increased to 25‚000 metric tonnes from 12‚000 metric tonnes to operate them at maximum capacity and no plant running on fuel is closed due to oil shortage, Federal Information Minister Qamar Zaman Kaira said on Monday. Talking to newsmen along with Water & Power Minister Ch. Ahmad Mukhtar in Muzaffargarh‚ he said windstorm damaged 500KV and 220KV main electricity lines few days back in Muzaffargarh‚ ...
PTCL introduces Broadband Students Basic Package KARACHI: The Pakistan Telecommunication Company Limited (PTCL) has introduced an exclusive Broadband 'Student Basic Package' with an offer of free Wi-Fi, designed to meet the ever growing needs of students. A statement of the organization said here on Monday that this special package comes at a price of Rs. 1,099 only with 1Mbps unlimited Broadband downloading and Wi-Fi absolutely free. It maintained that PTCL's Student Package is a popular Broadband Internet service in the country available in ...
Governor releases Rs.28.8mn for tannery water supply KARACHI: Governor Sindh Dr. Ishratul Ibad Khan has released an amount of Rs38.4 million for laying of an exclusive water pipeline to the Tannery Zone of Korangi Industrial Area (KIA) in order to provide water to the export-oriented leather industries. ThePC-I of the project has already been prepared by the Karachi Water and Sewerage Board (KWSB) and the contract for the project has been awarded to a local firm following tendering process. After the completion of ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln