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Japan to extend technical support to Auto parts manufacturing industry by end of this month ISLAMABAD: Japan International Cooperation Agency (JICA) would extend technical support to Auto parts manufacturing industry of Pakistan by end of this month, Engineering Development Board (EDB) sources said.According to EDB, the Project for Technical Support to Auto Parts Manufacturing Industry would be initiated by the end June 2015 by the Small and Medium Enterprises Development Authority (SMEDA) and the Japan International Cooperation Agency (JICA) with local consultants and engineers, such as PAAPAM (Pakistan Association of Automotive Parts and Accessories Manufacturers).Based on the minutes of meetings on the Detailed Planning Survey on the Project signed on October 1, 2014 between SMEDA and JICA, JICA held a series of discussions with SMEDA and relevant organizations to develop a detailed plan of the Project.Both parties agreed that SMEDA, would be responsible for the implementation of the Project in cooperation with JICA, coordinate with other relevant organizations and ensure that the self-reliant operation of ...

Rs52bn allocated for Dasu Hydropower Project ISLAMABAD: The Government is focusing on developing additional resources of energy to overcome energy shortage in the country.For this purpose, it will invest 248 billion rupees on different power projects during the next financial year.According to Radio Pakistan quoting official sources that fifty-two billion rupees have been allocated for Stage 1 of Dasu Hydropower Project which will produce 2160 MW of electricity, twenty-one billion rupees have been earmarked for land acquisition and construction of Lot ...
Axact, a money laundering case due to disguised source of income: Official informs Standing Committee ISLAMABAD: Standing Committee on Information Technology and Telecommunications on Thursday was informed that Axact was a money laundering case as it was disguising the original source of income.Its investment in a private television channel was aimed at making its black money into white, said Chief Management Officer of Federal Board of Revenue (FBR) while briefing the Commitee here in the Parliament House.He said that Axact and Bol cannot be treated separately because the black money ...
Shipping activity at Port Qasim KARACHI: Four ships C.V CMA CGM Rabelais, C.V Maersk Hartford, M.V Eastern Star and M.T GSW Frontier carrying containers,iron ore and palm oil were allotted berths at Qasim International Container Terminal.These ships berthed at iron ore & coal and Liquid Cargo Terminal respectively at Port Qasim on Wednesday.Berth occupancy was observed at the Port at forty seven percent on Wednesday,where seven ships namely C.V CMA CGM Rabelais, C.V Maersk Hartford,M.V Panorama, M.V Eastern Star, M.I ...
PTDC offers 35pc discount during month of Ramadan ISLAMABAD: Pakistan Tourism Development Cooperation (PTDC) offers up to 50 percent discount on accommodation in PTDC motels and hotels during the holy month of Ramadan.PTDC offers can be enjoyed at its Ayubia, Naran, Balakot, Saidu Sharif, Kalam, Miandam, Chitral, Booni, Bamburet (Kalash Valley), Mastuj, Phandar, Gupis, Gilgit, Hunza, Sost (Pak-China border), Rama Lake, Skardu, Khaplu and Besham resorts. Sehri and Iftar dinner would be available at all the resorts during the holy Month. It is ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln