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FESCO issues shutdown notice FAISALABAD: The Faisalabad Electric Supply Company (FESCO) has issued a shutdown notice for necessary repair, maintenance and expansion of electricity lines.According to the notice issued by the company, power supply from Al-Habib feeder emanating from 132-KV Jaranwala grid station will remain suspended from 8 am to 1 pm while Bagh feeder originating from 132-KV Jhang-1 grid station will observe shutdown from 10 am to 4 pm on Sunday (October 26).Copyright APP (Associated Press of Pakistan), 2014 ...

PPL following string of gas discoveries distributes 125pc cash dividends KARACHI: Consequent to significant gas and condensate discoveries made by Pakistan Petroleum Limited (PPL) the company has distributed 125% cash dividend to its shareholders during fiscal year that ended this June.Chairman, PPL, Waqar A Malik addressing its 63rd Annual General Meeting here Friday said the company besides payment of final cash dividend of 75% on ordinary share capital also paid an interim cash dividend of 50% to its shareholders during fiscal year 2013-2014.Attributing this to ...
PIA restructuring on card through strategic partnership: NA told ISLAMABAD: Minister of State for Parliamentary Affairs Sheikh Aftab Ahmad on Thursday informed the National Assembly that a proposal is under consideration to restructure the Pakistan International Airlines (PIA) through strategic partnership.During Question Hour, he said, that Privatization Commission has been tasked to carry forward the process of privatization of core activities of national airline by divesting 26% of its share with complete management.He said the objective is to offset the airline from recurring losses ...
3G services witnessing reasonable response amid user-friendly packages ISLAMABAD: Thanks to different user-friendly packages announced by mobile phone operators, the newly introduced 3G services have witnessed a reasonable response and its subscription reached around 2.7 million mark since its launch from April this year.The number is grossly close to 3.37 million broadband users that are available in the country. If uptake remains the same, the number of mobile broadband subscriptions is soon going to cross the number of broadband subscribers within next few ...
Eleven projects ongoing to promote industries in Balochistan: Rao Ajmal ISLAMABAD: Parliamentary Secretary for Industries and Production Rao Muhammad Ajmal Khan Wednesday told the National Assembly that there are eleven ongoing projects worth over Rs 3.8 billion to promote industries in Balochistan.Replying during Question Hours in the House, Rao Ajmal Khan said that allocations for industrial development for Balochistan are much more than Punjab.Regarding the law and order situation in Balochistan, he said that the government would fully support the local and foreign investors if ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln