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56 oil, gas discoveries made in 2 years: Ministry ISLAMABAD: The Ministry of Petroleum and Natural Resources is following an innovative and radical strategy to achieve self-sufficiency in oil and gas sector by stepping up local exploration and production activities."During the tenure of present government, 56 discoveries have been made since June 5, 2013 and 1,010 bcf (billion cubic feet) reserves of gas and 16 million US barrels reserves of oil have been discovered, while 16 findings are under evaluation," official sources in the ministry told APP.The country, they said, was moving on a fast track towards achieving autarky in the energy sector as all-out efforts were being made to achieve the target by utilizing conventional as well as non- conventional reserves like tight gas, shale gas, marginal fields and BTU (british thermal unit) gas.Under these steps, additional volume of around 31,000bopd of oil and around 500mmcfd of gas had been added in the system, they added.Elaborating the Petroleum ...

3G, 4G subscribers reach 15.75mn till August ISLAMABAD: The 3G and 4G subscriptions in the country has reached 15.75 million till August this year with a bit slow growth rate due to new taxes on internet services and comparatively sluggish 3G network expansion plans from telcos.During August 2015, mobile phone companies added a total of 1.15 million mobile broadband (3G/4G) users with Zong and Telenor topping the charts.The 3G and 4G services that picked up amazingly during 2014 saw a slow growth ...
FESCO issues shutdown program FAISALABAD: The Faisalabad Electric Supply Company (FESCO) has issued shutdown program for necessary repair, maintenance and expansion of electricity lines.According to the program issued by the company, power supply from Az-Zamin, Johal, Habib Haseeb and Asim feeders emanating from 132-KV Bandala grid station will remain suspended from 9 am to 3 pm on October 05 (Monday). Copyright APP (Associated Press of Pakistan), 2015 ...
IESCO to ensure smooth power supply on Eid ISLAMABAD: Islamabad Electric Supply Company (IESCO) has made special arrangements to ensure smooth and uninterrupted power supply to the consumers during Eid-ul-Azha holidays.Special duties have been assigned to Chief Engineers, officers and officials at Distribution Control Centre Islamabad to monitor the arrangements, said an IESCO spokesperson Wednesday.Chief Engineers would monitor the distribution network for uninterrupted power supply while all complaint offices would also remain open 24 hours to address and redress customers' complaints. IESCO operational ...
PIA's pre-Hajj operations 2015 conclude successfully ISLAMABAD: The Pakistan International Airlines (PIA) pre-Hajj operation of transporting over 55,800 intending Pakistani pilgrims to Saudi Arabia concluded successfully on Saturday .According to Radio Pakistan , all PIA flights departed on time, maintaining an overall punctuality rate of over 96 percent.The airline operated 147 pre-Hajj flights and carried over 43,000 intending pilgrims to Saudi Arabia.PIA also carried more than 12,870 intending pilgrims through its regular scheduled flights to Saudi Arabia.The airline's post-Hajj operation of ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln