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1st unit of 969 MW Neelum Jhelum project to complete by Dec 2015 ISLAMABAD: The first unit of 969 MW Neelum Jhelum is expected to complete by December 2015 as around 65-70 per cent work on this important project has been completed so far.According to official sources, the project would formally be commissioned in 2016 and would add 969 MW cheap hydel electricity to the national grid system.The Neelum-Jhelum Hydroelectric Project is being constructed over Neelum river. Once completed, the project would contribute about 5.15 billion units of electricity annually to the national grid.Annual benefits of the project have been estimated at Rs 45 billion and it is scheduled to be completed by 2016.They said the Neelum-Jhelum project would help the country in meeting its growing energy requirements. It would produce 969MW electricity after commissioning.The sources said that the project was government's priority and required funds had been released for it.Expressing satisfaction over the pace of work, they said that the project was ...

CNG stations to remain open during Eid holidays: APCNGA ISLAMABAD: The All Pakistan CNG Association (APCNGA) on Wednesday said Compressed Natural Gas (CNG) would be available across the country for twenty-four hours during Eid ul Azha holidays.The All Pakistan CNG Association (APCNGA) Chairman Gayyas Paracha told APP that the detailed schedule would be annouced on Friday.Oil and Gas Regulatory Authority official Muhammad Afzal said that official notification was not issued yet. He said, however notification and detailed schedule was likely in one or two ...
No Load-shed during Eid Holidays KARACHI: K-Electric in its press note has announced that the company will yet again exempt its customers from any load-shed during the Eid holidays. Following its tradition, the company has exempted load-shed during Eid for the last 5 years, and this year will be no different.Giving details the press statement said that there will be no load-shed starting Sunday 5th October till the 8th of October. However, in an area as vast as Karachi and ...
Shipping activity at Port Qasim KARACHI: Three ships C.V MSC Vidhi, C.V Safmarine Nagmai and M.T Autaurus carrying containers and palm oil were arranged berths at Qasim International Container Terminal and Liquid Cargo Terminal respectively at Port Qasim (PQ) on Monday, port sources said here on Tuesday.Two more ships with container and palm oil also arrived at the outer anchorage of Port Qasim during the last 24 hours.Berth occupancy was reported at the Port at 50% on Monday, where seven ...
Pakistan Steels achieves 22pc capacity utilization mark KARACHI: Pakistan Steel Mills has already achieved 22% of capacity utilization (CAPU) till September 20 and is expected to touch 45-50% mark by next month, said its Chief Executive Officer, Major General (Retd.) Zaheer Ahmed Khan.Talking to delegation of the clients of Pakistan Steel Mills at Operations Building, Bin Qasim, he said a financial re-structuring package worth Rs. 18.5 billion have been recently given to PSM by the Government of Pakistan, for the revival of ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln