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Railways' financial health, performance improving ISLAMABAD: The auction of billboards and signboards sites has contributed Rs 57 million to Pakistan Railways during last year.The activity included auction of 105 sites to nine advertising agencies during first phase when the task was assigned for the first time to commercial branch of the department.The second phase of this activity has also been finalized and further Rs 53 million is to be earned through it which included auction of 200 sites to 21 advertising agencies in 31 cities all over the country.According to Pakistan Railways here, it has adopted numerous measures to reduce losses which included dialogues with donor agencies and foreign funding to purchase new locomotives to increase number of operational locomotives.It said tariff is being regularly rationalized based on the market dynamics mainly to improve occupancy and increase revenue.Moreover, availability of locomotives has been improved through special repair of existing locomotives and procurement of new locomotives. ...

Inter power house connectivity to be completed by Feb 28: FESCO FAISALABAD: Faisalabad Electric Supply Company (FESCO) Chief Executive Officer Rasheed Ahmad Aslam directed engineers to complete the inter connectivity process between FESCO and Chiniot power house by February 28, 2015. During his visit to Chiniot Power House on Friday, he said after completion of inter connectivity, the FESCO will get 55 megawatt electricity from the Chiniot Power House.The electricity would also be included in the national grid which would not only help in improving the ...
Radio Pakistan launches programmes on new digital transmitter ISLAMABAD: Radio Pakistan formally launched programmes on Friday from its new medium-wave digital transmitter set up with the technical and financial assistance of Japan.Minister for Planning and Development Ahsan Iqbal, Information Minister Pervaiz Rashid and Japanese Ambassador Hiroshi Inomata jointly inaugurated the newly installed medium wave transmitter of 500 KW power in Islamabad.Speaking on the occasion Ahsan Iqbal thanked the Japanese government for its magnanimous support for the rehabilitation of Radio Pakistan's MW network. He ...
Govt taking solid measures to overcome natural gas shortage ISLAMABAD: The government has taken several solid measures to overcome the shortage of natural gas in the country by enhancing gas production, import of LNG and natural gas from neighbouring countries.An official of ministry of Petroleum and Natural Resources said that different initiatives including enhancement of indigenous gas production, import of LNG, import of gas from Iran, import of gas from Turkmenistan and promotion of LPG air mix have been taken to meet the gas ...
Transport authority Mirpurkhas announces reduced fares MIRPURKHAS: Secretary District Regional Transport Authority Mirpurkhas, Pervaiz Hassan Qureshi has announced that after significant decrease in petroleum prices, fare for transport plying on various routes from Mirpurkhas has been decreased.In a statement issued here on Wednesday, he informed that new fare for non air conditioned vehicles from Mirpurkhas to Karachi was fixed at Rs. 195.16 and for air conditioned vehicles the fare would be charged Rs. 333.2.Fare of non air conditioned vehicle for Mithi ...


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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 $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln