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PIA's annual loss reduced to Rs18bn: Shujaat Azeem ISLAMABAD: Adviser to the Prime Minister on Aviation Affairs, Shujaat Azeem has said that annual loss of PIA had reduced to Rs 18 billion from Rs 31.5 billion during previous year, due to the concrete steps of present government to improve PIA's performance.He said that PIA was paying Rs 3.29 billion interest on legacy loans that were taken in 1992.Talking to media persons here in Islamabad, he said that ten more narrow body Airbuses and five ATR aircraft would be inducted in Pakistan International Airlines (PIA) in the end of December this year.The Chairman PIA, Nasir Jafar was also present.PIA had received delivery of its 8th A-320 aircraft acquired on long term Dry Lease from General Electric, Shujaat Azeem added.He said that the induction of more aeroplanes in PIA would help boost its performance and generate more revenue.He said that government would soon introduce new Aviation Policy. The government is ...

IESCO issues power suspension programme ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Friday issued a power suspension programme for various areas of its region due to necessary maintenance and routine development work.According to an IESCO spokesman, the power supply of the following feeders / grid stations would remain suspended as under:On 5 November 09:00am to 02:00pm, Fazal Ghee, G-10/2, Treat, Company Bagh, Gharial, Patriata feedersOn 6 November 09:00am to 02:00pm, Intl. School, G-10/4, University, Pindi Point, Barrian, Upper Topa ...
CNG stations reopens in Sindh on Friday KARACHI: The Compressed Natural Gas- CNG Stations in Sindh reopened on Friday at 8am, after 24 hours closure.According to schedule issued by Sui Southern Gas Company (SSGC), Limited two-day closure of all CNG stations were announced in Sindh due to curtailed supply of gas from various gas fields.First and second shut down begun on October 28 and 30 at 8am, respectively.The CNG supply was resumed on October 29 and 31 at 8 am, respectively, after ...
Samsung Galaxy Note 4 launch event dazzles Lahore LAHORE: Samsung’s latest innovation –the Galaxy Note 4 was launched through a Star-studded event-cum-concert, to create a delightful fanfare in Lahore. The Note 4 is the latest edition of a series of Android Smart Phablets from Samsung’s ongoing journey of innovation. The participants also had the opportunity to learn and experience the breakthroughs in digital convergence technologies featured in the Galaxy Note 4. The guest-list at the launch ceremony included a mesmerizing galaxy of ...
Inquiry facility missing at station KHANPUR: The railway station of Khanpur lacks the basic facility of trains' inquiry since long and despite repeated requests by public.DS Railway, Sukker division had ordered to set up an inquiry room at the station in response to public grievances but the directive has not materialised to date.Consequently, people cannot get proper information regarding trains arrival and departure timings.Local political circles have demanded provision of this important facility.Copyright APP (Associated Press of Pakistan), 2014 ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln