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Pakistan Railway's massive drive against ticketless passengers KARACHI: In a massive drive against ticketless travelling in Karachi Railway Division, a record 11,205 passengers were apprehended for travelling without ticket during the month of May.The drive was carried out by Divisional Commercial Officer (DCO) Nasir Nazeer following the instructions from the Railway Minister Saad Rafiq for rooting out the menace of ticketless travelling which was causing loss to national exchequer.The DCO during different raids recovered over Rs 10.008 million as fine and fare from 11,205 passengers who were travelling without ticket. According to the DCO, the trains which were raided for ticketless passengers included Awam Express, Pakistan Express, Allama Iqbal Express, Karakoram Express and other trains.In April 2015, the DCO apprehended 10,985 ticketless passengers and recovered over Rs 8.516 million.Copyright APP (Associated Press of Pakistan), 2015 ...

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 ...
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 ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln