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No Load-shed during Eid Holidays KARACHI: K-Electric in its press note has announced that the company will yet again exempt its customers from any load-shed during the Eid holidays. Following its tradition, the company has exempted load-shed during Eid for the last 5 years, and this year will be no different.Giving details the press statement said that there will be no load-shed starting Sunday 5th October till the 8th of October. However, in an area as vast as Karachi and its surrounding areas, there might be an occurrence of fault which should not be mistaken with load-shedding, says KE.KE has stated that their Rapid Response Team would be on alert and would be ready to serve its customers round the clock. In case of faults, customers are advised to log their complaints on 118, or register their complaint via SMS on 8119.Copyright Business Recorder, 2014 ...

Shipping activity at Port Qasim KARACHI: Three ships C.V MSC Vidhi, C.V Safmarine Nagmai and M.T Autaurus carrying containers and palm oil were arranged berths at Qasim International Container Terminal and Liquid Cargo Terminal respectively at Port Qasim (PQ) on Monday, port sources said here on Tuesday.Two more ships with container and palm oil also arrived at the outer anchorage of Port Qasim during the last 24 hours.Berth occupancy was reported at the Port at 50% on Monday, where seven ...
Pakistan Steels achieves 22pc capacity utilization mark KARACHI: Pakistan Steel Mills has already achieved 22% of capacity utilization (CAPU) till September 20 and is expected to touch 45-50% mark by next month, said its Chief Executive Officer, Major General (Retd.) Zaheer Ahmed Khan.Talking to delegation of the clients of Pakistan Steel Mills at Operations Building, Bin Qasim, he said a financial re-structuring package worth Rs. 18.5 billion have been recently given to PSM by the Government of Pakistan, for the revival of ...
Illegal Gateway Exchanges raided: PTA ISLAMABAD: Pakistan Telecommunication Authority (PTA), in its ongoing efforts to control grey trafficking has unearthed illegal gateway exchanges in Chicha Watni and Harappa.According to details, successful operations against grey operators were carried out along with team of Federal Investigation Agency (FIA) in Jinnah Town Harappa and Chicha Watni Distt. Sahiwal.During the raid, 12 operational illegal VoIP exchange comprising DSL and EVO connections, laptops and hundreds of SIMs were confiscated.Three accused have been arrested and are ...
Shipping activity at Port Qasim KARACHI: Three ships arrived at Port to load/offload containers QICT, vegetable oil at MW, steel coils at MW on Saturday.Berth occupancy was maintained at 75% at the port on Saturday where a Twelve ships namely M.V KPS-I Alican Bey - Powership, M.V Maple, M.V NPS Mosa, M.V Marttime Newanada, M.V Maule, M.V Mandrian Ocean, M.V Beagle-VI are currently occupying berths to load/offload containers, cement, steel coils, vegetable oil , palm oil, paraxylene, MEG, rape seed, ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln