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Loadshedding span to ease in few days ISLAMABAD: Adviser to Prime Minister on Petroleum Dr Asim Hussain said that electricity shortfall will ease in a few days as more furnace oil is being provided to power producers. Talking to a private news channel, he said that Prime Minister Raja Pervaiz Ashraf has directed to provided 28,000 tons of furnace oil to power sector. He said "We imported eight million tons of furnace oil in 2009-10, seven million tons in 2010-11, and only six million tons in 2011-12". Dr. Asim Hussain said that our power production is based on furnace oil; therefore, the electricity generation was affected because less import of the furnace oil. He further said that the prime minister has directed at the last meeting on energy that twenty-eight thousand metric tons furnace oil should be provided to all the power producers when required. He maintained that if the supply is further increased, the generation will reach sixteen thousand megawatts. Copyright APP ...

Power shortfall reduced to 4,240 MW ISLAMABAD: The power crisis in the country is gradually easing as on Wednesday the shortfall has dropped to 4,240 MW from 5,723 MW during the last 24 hours. According to report on daily power generation and load-management position, the total power generation was recorded as 12,221 against the demand of 16,461 MW during the said period. The hydel generation stood at 4,548 MW, WAPDA thermal 1,578 MW and IPPs 6,095 MW. As many as 680 MW was supplied ...
SNGPL employees observe pen down strike LAHORE: Employees of SNGPL (Lahore region) observed pen down strike on Wednesday to condemn attack on the Company's senior supervisor by armed persons. The employees assembled in front of the office and chanted slogans against the armed attack on Rashid Ahmed in which his son was grieviously wounded. The protesters flayed the police for not taking action against the attackers. They regretted that whenever they conducted raids to disconnect illegal connections they faced humiliation at the hands of ...
Shipping activity at Port Qasim  KARACHI: Shipping activity remained active at the Port Qasim during last 24 hours, where four ships carrying containers, cement and edible oil were allotted berths at Qasim International Containers Terminal, Multi Purpose Terminal and Liquid Cargo Terminal on Tuesday. Meanwhile five more ships scheduled to load/offload containers chemical and edible oil also arrived at outer anchorage of Port Qasim during last 24 hours. Berth occupancy was 65 percent at the Port Qasim on Wednesday where total number ...
Govt urged to impose energy emergency  RECORDER REPORT LAHORE: American Business Forum (ABF) President Salim Ghauri has urged the government to impose energy emergency in the country and constitute group with participation of all political parties and stakeholders enjoying mandate to design and execute energy bailout plan. He said energy shortages had pushed up the cost of doing business by at least 15 percent and the margin of many sectors had come down substantially. The present circumstances have made it difficult for the ...


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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