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Turkmenistan offers support for energy sector ISLAMABAD: Vice-Premier and Minister of Foreign Affairs of Turkmenistan, Rashid Meredov said on Friday that his country was ready to provide electricity to Pakistan as Turkmenistan was rich in electricity generation by gas thermal plants.During the meeting with Federal Minister for Water and Power, Khawja Muhammad Asif held here, he said it was also decided that joint working group would hold meeting in this regard in October to prepare feasibility of projects.The Minister said that energy was life line for this region and cooperation in energy sector would strengthen geo-political relations of both countries, adding, both countries have brotherly ties and common heritage.He also welcomed the extended support of Turkmenistan and expressed determination that Pakistan would pursue energy related projects on fast track.The Minister also informed that proposal presented by Turkmenistan were doable and dedicated transmission line could be installed to meet the energy needs of the country.Copyright APP (Associated ...

Telecom sector revenues to reach Rs800bn in five years ISLAMABAD: The current telecom sector revenues of around Rs. 580 billion are expected to increase Rs. 800 billion in the next five years.These revenues are also expected to touch Rs. 1200 billion mark by 2025 and this increase will be dominated by contribution through mobile broadband.As estimated by consultants working with Ministry of Information Technology and Telecommunications, the auction of 3G/4G spectrum has already contributed to national exchequer and national economy as the government has ...
Business community problems to be address on priority: IESCO Chief ISLAMABAD: Chief Executive Officer Islamabad Electric Supply Company (IESCO) Muhammad Yousaf Awan on Friday assured the business community that their power loadshedding programme in business areas would be finalized with mutual consultation.The CEO expressed these views in a meeting with representatives of Rawalpindi-Islamabad Chamber of Commerce here, said a press release.Yousaf Awan assured them that their issues related to electricity would be addressed on priority basis.The traders apprised the CEO about load-shedding and electricity related ...
PESCO notifies additional loadshedding at Hattar Grid Station PESHAWAR: Peshawar Electric Supply Company (PESCO) Friday notified additional loadshedding at 132 KV Hattar Grid Station due to necessary maintenance work.The consumers of 11 KV Hattar-I, Neelum Steel, Surag Gali, Hattar-3,Wah Noble feeder will face inconvenience from August 10, 10 AM to 6 AM on August 11 (Duration 20 hours).During this period additional load shedding will be carried out despite of routine load shedding, it said and sought co-operation from consumers.Copyright APP (Associated Press of ...
Around 81,000 employees working in Pakistan Railways: NA told ISLAMABAD: Parliamentary Secretary of Pakistan Railways Syed Muhammad Ashiq Hussain Shah Friday informed the National Assembly that presently, 81,568 employees are on pay roll of Pakistan Railways and sanctioned strength is above 95,000.Replying to a question, during Question Hour in the Lower House, Syed Muhammad Ashiq Hussain Shah said that it was not correct that railway employees were performing trains operation duties in shifts.Ashiq Hussain said that their duties are of technical nature and are ...


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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