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Lahore-Karachi double rail track to be operational soon LAHORE: The double railway track between Lahore and Karachi will be operational by December this year.Pakistan Railways sources told APP here on Thursday that the work on doubling the track from Lodhran to Raiwind had been almost completed, however, signal rehabilitation project was underway.Under the project, restoration of block instruments and installation of modern computerised inter-locking system has been completed at Bucheri, Sarhari, Lindo and Shahdadpur railway stations, while the work at Door and Jala Mari railway station was in progress.Likewise, installation work under Shahdara-Lodhran Project for modernization of signal system at several stations was going on speedily, while the installation work has been completed at Piran Ghaib and Riazabad railway stations.The sources also informed that unsafe un-manned level crossings were being converted to be gated and manned level crossings with the help of the provincial governments.In Punjab, 75 level crossings were under the process of up-gradation with the estimated ...

People welcomes cut in fuel prices LAHORE: Residents, transporters and traders have welcomed further reduction in fuel prices announced by the government and termed it a direction toward prosperity.Talking to APP on Tuesday, they said that other petroleum goods prices would also decrease.Nabeela Aslam, a housewife, said three rupees cut in fuel items is a good signal. However, it would be complete and meaningful only when its impact was visible on essential commodities,she added.Jafar Nauman,an industrialist said, Pakistan Muslim League-Nawaz led ...
PAEC to generate 40,000 MW electricity by 2050 KARACHI: Chairman, Pakistan Atomic Energy Commission (PAEC), Muhammad Naeem has said that the government has assigned to PAEC a target of generating around 40,000 Megawatts of electricity by 2050 to help resolve the electricity crisis being faced by the country."We are confident about achieving this target within the stipulated period as all the requisite projects and plans are in place for this purpose", he added.He expressed these views while speaking as chief guest at the ...
56 oil, gas discoveries made; 31,000 bopd oil, 500 mmcfd gas added in system in 2 years 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 ...
Minister assures to help strengthening of logistics support services KARACHI: Federal Minister for Ports & Shipping, Kamran Michael has assured all support to strengthen shipping and logistics support services in the country with equal attention towards infra structure.Addressing the concluding ceremony of the 5th Professionals Shipping, Logistics & Supply Chain Management Conference & Exhibition Wednesday evening, he said concerns expressed and recommendations forwarded by the speakers during the conference will be accorded due attention.Federal Minister for Ports and Shipping assuring that grievances of the ...


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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