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WAPDA, China's 3 Gorges ink MoUs on cooperation in water conservation, training programmes ISLAMABAD: Water and Power Development Authority (WAPDA) and China's Three Gorges Corporation (CTG) signed two Memoranda of Understanding on private partnership in development of hydropower and water conservation, and cooperation in training and education.Chairman WAPDA, Zafar Mahmood and Chairman of Board of Directors of CTG, Lu Chun inked the documents, which was witnessed by Prime Minister Muhammad Nawaz Sharif in a ceremony held here at the PM House.The MoU on hydropower and water conservation is meant to encourage private investment in infrastructure development of ongoing and future energy projects.The objective of the MoU on training is to establish a framework to assist the parties in collaboration through open programmes in training and education on the basis of reciprocity and mutual and public benefits.Under the MoU, all educational activities will be focused on six fields including Chinese Language Immersion Program, Vocational and Technical Education, Schools, Training, Exchange and Technology Transfer.The ceremony ...

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 routine maintenance and development work.According to an IESCO spokesman, the power supply of the feeders/grid stations would remain suspended as under:On March 12 at 9am to 2pm from Jhelum Grid Station Sana Ullah Shaheed feeder, Cantt Area, CMH, Rohtas Road,On March 13 and 15 at 9am to 1pm from D.S.Bilawal Grid Station Dhurnakka feeder, ...
688 mobile phones provided to FESCO sub-divisions for reading FAISALABAD: On the special directives of Federal Secretary for Water and Power Muhammad Younas Dhagga, the latest 688 mobile phones sets have been provided to 52 sub-divisions of the Faisalabad Electric Supply Company (FESCO) for mobile reading.Now electricity consumers of Faisalabad, Chka Jhumra, Jaranawala, Chiniot and Sammundari would receive mobile reading bills as the FESCO has started mobile reading by December 2014.According to Chief Executive Officer FESCO Rashid Ahmed Aslam, now meter readers would take ...
NHA striving for early construction of Peshawar Northern bypass ISLAMABAD: National Highway Authority (NHA) attached top priority to the early construction of Peshawar Northern bypass, an official of NHA said on Friday.The official said that completion of the 34 kilometre project would ease traffic burden on the roads inside Peshawar city and link to Peshawar-Islamabad Motorway with G.T. Road.The official said that bottlenecks in the project were sorted out in collaboration with the provincial government which would prove helpful in its early completion.He said ...
Pakistan's PSO imports 7pc less fuel oil over March to May SINGAPORE: Pakistan State Oil has bought 830,000 tonnes of fuel oil for delivery over March to May, 7 percent lower than the same period last year.PSO imports between 85 and 90 percent of the country's fuel oil and petrol, but it has been forced to cut purchases because it has not been paid by its customers.The tender to buy 10 65,000-tonne high sulphur grade cargoes was awarded at premiums ranging from $21 to $26 a ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln