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Rehabilitation, special repair of 177 locomotives being managed: Railways ISLAMABAD: Pakistan Railways is managing rehabilitation and special repair of 177 locomotives through Public Sector Development Programme (PSDP) at a cost of Rs. 11.289 billion.The repair of non-operational locomotives would improve their reliability and performance and ultimately proved to be an earning entity for the organization.According to an official information here on Tuesday, procurement of 58 locomotives has also been approved and contract awarded to a Chinese company. So far all 58 locomotives have been arrived in Pakistan.Furthermore, tender for the procurement of 55 locomotives (4000-4500 HP) out of 75 locomotives is at an advance stage and will be decided in near future.With regard to a pilot project for manufacturing of five 3000 HP DE locomotives at Locomotive Factory, Risalpur, the Department said contract agreement has been signed and Letter of Credit (LC) established. So far, five locomotives have been turned out and the project is expected to be completed ...

Karachi Port registers record container handling KARACHI: Karachi Port witnesses a record handling of containers during the month of May 2015 and it reflects the favourable policies practiced by Karachi Port Trust under the leadership of Chairman KPT Vice Admiral (R) Shafqat Jawed.The port has registered handling of 160,649 TEUs (Twenty Equivalent Unit) of cumulative imports and exports containers at its two terminals, the Karachi International Container Terminal (KICT) and Pakistan International Container Terminal (PICT) surpassing the previous handling of 156,254 ...
SNGPL to ensure transparency through computerized new gas connections ISLAMABAD: General Manager Sui Northern Gas Pipeline Limited (SNGPL) Islamabad Region Ejaz Ahmad Chaudhry on Monday said that new gas connections would be provided through computerized system to facilitate the consumer as well as ensure transparency.Talking to APP, he said that the new gas connections would only be provided on first come and first serve basis.He said that merit is the top priority as the whole procedure is computerized and all new connections are provided ...
Taking steps to overcome energy crisis: SEPCO SUKKUR: Sukkur Electric Power Company (SEPCO) is taking all possible steps to overcome the energy crisis, however, the crisis can be overcome with the cooperation of consumers only, said spokesman for SEPCO here on Monday.He said that the general public is requested to save the energy by means of less consumption especially during the peak hours, from 6.00 P.M. to 11.00 P.M. While petrol pumps and jewellery shops have also been asked for avoiding the ...
Fesco issues shutdown programme FAISALABAD: The Faisalabad Electric Supply Company (FESCO) has issued shutdown programme for necessary repair, maintenance and expansion of electricity lines.According to the programme issued here on Saturday, power supply from Musa Khail, Chidro and Aba Khail feeders emanating from 132-KV Mianwali grid station will remain suspended from 7:30 am to 1:30 pm while Sehrash Textile Mills, HAR Textile Mills, Mukhtar Textile Mills, Pakka Anna and Nia Lahore-1 feeders originating from 66-KV Nia Lahore grid station ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln