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Neelum-Jhelum transmission line to Gujranwala to cost Rs22.582bn ISLAMABAD: The Neelum-Jhelum 500 KW transmission line to Gujranwala will cost around Rs.22.582 billion including Foreign Exchange Component (FEC) of Rs.13.553 billion.Official sources told APP here Thursday that the Economic Coordination Committee (ECC) has also approved last week in principle financing facility of Rs 17 billion from local banks for the laying of 500 KV double circuit transmission line from Neelum Jhelum Hydro Power Plant to Gujranwala.However, they said that it would be subject to approval of terms and conditions of borrowing by the Ministry of Finance.As National Transmission and Despatch Company Limited (NTDCL) is implementing the project through its own resources, the local banks have also shown their willingness to provide funding against sovereign guarantee by the Government.It is pertinent to mention here that first unit of 969 MW Neelum Jhelum Hydro Power Project will be operative by December 2015 for which NTDCL has to complete the priority portion ...

IESCO issues power suspension programme ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Wednesday issued power suspension programme for various areas due to routine maintenance and development work.According to IESCO Spokesman, the power supply of the following Feeders/Grid Stations would remain suspended as under:August 23-24 from 07:00am to 10:00am, Haider Road, Sir Syed Road, GHQ, Bank Road-1&II feeders.Due to electricity maintenance/ development work power supply of the following Feeders would also remain suspended as under:August 21 from 06:00am to 09:00am, ...
Shipping activity at Port Qasim KARACHI: Three ships C.V Posen, C.V Cape Melville and M.T Al-Salam-II carrying containers and diesel oil were arranged berthing at Qasim International Container Terminal and FOTCO Oil Terminal respectively at Port Qasim on Monday.Meanwhile three more ships carrying containers, chemicals and palm oil also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy was managed at the port at forty three percent on monday where six ships namely C.V Posen, C.V Cape ...
Shipping activity at Port Qasim KARACHI: Two ships C.V MSC Antalyo and M.T Argent Aster carrying containers and phosphoric acid were berthed at Qasim International Container Terminal and Engro Vopak Terminal respectively at Port Qasim on Sunday. 17th July. Meanwhile two more ships with containers also arrived at outer anchorage of Port Qasim during last 24 hours.Berth Occupancy was observed at the Port at 50% on Sunday where seven ships namely C.V MSC Antalya, C.V Nilgun. M.V M.V Giovanni Bottigieri, ...
PTEA hails launching vision 2025 FAISALABAD: Pakistan Textile Exporters Association (PTEA) Friday hailed the launching of vision 2025 and termed it the right step to transform the country into an economically strong and prosperous nation and enhance exports to USD 150 billion by 2025.In a statement here, Sheikh Ilyas Mahmood, Chairman and Adil Tahir, Vice Chairman Pakistan Textile Exporters Association said that the country required economic revolution for which the Vision 2025 has provided the base.They appreciated the road map ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln