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China to establish Bio-Tech Research Lab in Pakistan MULTAN: Chinese Ambassador to Pakistan Sun Weidong said on Saturday that China would establish Bio-Tech Research Laboratory in Pakistan under a joint venture programme to promote agriculture sector in the country.Paying a visit to Cotton Research Station Multan, he said that Chinese President paid a successful visit to Pakistan, in recent past. He observed that both the countries were enjoying brotherly relations.Sun Weidong stated that bio-tech research lab would offer excellent opportunities to carry out joint study and research and also enhance maximum cooperation between scientists of both countries. He observed that high quality cotton would be produced.About Pak-China economic corridor, the envoy maintained that it would benefit masses, two countries as well as the whole region. He said that there would be maximum cooperation between the countries in the realm of science, technology, agriculture, power sector and other infrastructure. Sun Weidong claimed that both countries would reap numerous achievements.Earlier, ...

Incentives in textile sector to boost exports to $26bn ISLAMABAD: The incentive of Rs. 64.15 billion cash subsidy to textile and clothing sector under textile policy would boost exports to $ 26 billion by 2019.The package announced under the policy (2015-19) carries special duty-drawback rates, duty exemption on plants and machinery, subsidy on long-term loans and also development subsidies.Finance Division will provide Rs.40.6 billion over five years for duty drawback, technology up-gradation and brand development etc. while another Rs. 23.5 billion will be provided ...
IESCO issues power suspension programme ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Wednesday issued power suspension programme for various areas of its region due to necessary maintenance and routine development work. According to IESCO Spokesman, the power supply of the following Feeders / Grid Stations would remain suspended as under:On July 2, Morning 06:00am to 12:00noon From Bahg Grid, All O/G feeders with N/Pura, N-Pura-II, Harighel, Duhli, Bagh, Sudden Gali,On July 2 and July 7, from 06:00am to 10:30am ...
Govt to construct nine hydel power stations ISLAMABAD: Khyber-Pakhtunkhwa government has decided to construct nine hydel power stations in different areas.According to Radio Pakistan quoting official sources that 305 million rupees have been allocated for this purpose.Three of these hydel power stations are located in Chitral, two each in Upper Dir and Mansehra and one each in Lower Dir and Shangla districts.These power stations on completion will generate 660 MW electricity.Copyright APP (Associated Press of Pakistan), 2015 ...
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 by the company, power supply from Noor Mehal feeder emanating from 132-KV Mureedwala grid station will remain suspended from 8:00 a.m. to 3:00 p.m. while New Sitiana and Old Sitiana feeders originating from 132-KV Sitiana grid station will observe shutdown from 8:00 a.m. to 2:00 p.m. on Tuesday (June 30, 2015). ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln