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Pakistan Steel receives Rs2.125bn more from govt KARACHI: Pakistan Steel Mills has received Rs. 2.125 billion out of Rs 2.875 billion of 4th installment of 1st tranche of its restructuring package of Rs 18.5 billion approved by the Federal Government.A PSM release said that the amount of Rs. 2.125 billion released by Federal Finance Ministry has been utilised for payment of thirty days' salary (half of June and half of July) to PSM employees. Letters of Credit (L/Cs) for procurement of raw materials will be opened, and the remaining amount will be used for capital repairs and payment of utility bills, that is, SSGC, KWSB and K-Electric bills.Pakistan Steel Management is in continuous contact with the Ministry of Finance through Ministry of Industries and Production for the release of remaining amount of Rs. 750 million of 1st tranche. On its receipt, the salary for half month of July will be disbursed to the employees.Pakistan Steel management is ...

IESCO issues power suspension programme ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Friday issued power suspension programme for various areas of its region due to necessary maintenance and routine development work.According to IESCO Spokesman, the power supply of the following Feeders / Grid Stations would remain suspended as under: August 31 From 07:00am to 10:30am, From Zero Point Grid Station I-8/2,HC-1, G-9 Express, G-9/2, G-9 Mkz, AIOU, G-8/1, PTCL, T&T, G-9/3 feeders and surrounding areas.Copyright APP (Associated Press of ...
Shipping activity at Port Qasim KARACHI: Two ships C.V CMA CGM Moliere and C.V APL Oman carrying containers were took berths at Qasim International Container Terminal at Port Qasim on Thursday, August 28. Meanwhile two more ships C.V ER Denmark and M.T AI-Salam-II with containers and 62,560 tonnes diesel oil also arrived at outer anchorage of Port Qasim during the same day.Berth occupancy at the Port remained at 50% where seven ships namely C.V APL Oman, C.V Safmarine Ngarni, C.V ...
Shipping activity at Port Qasim KARACHI: Six ships C.V Verdi, C.V Safmarine Ngami, C.V Maersk Columbus, M.V Ince Ilgaz, M.T Desh Prem and M.T Genuine Hercules carrying containers, 59,550 tonnes rape seeds, 68,430 tonnes furnace oil and 11,522 tonnes chemicals were allotted berths at Qasim International Container Terminal. Grain & Fertilizer Terminal, FOTCO Oil Terminal and Engro Vopak Terminal respectively at Port Qasim on Wednesday, August 27. Meanwhile two more ships with containers and furnace oil also arrived at outer ...
IESCO issues power suspension programme ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Thursday issued power suspension programme for various areas due to routine maintenance and development work.According to IESCO Spokesman, the power supply of the following Feeders/Grid Stations would remain suspended as under:August 30 From 06:00am to 10:00am, A-Block, E-Block, New Mulper,Ghosia Colony, Said Pur, T&T, Sadiq Abad and Faiza Abad feedersAugust 30 From 07-00am to 10-00am, CM Pak Zong, Bahria Enclave & Chatta Bakhtawar feeders, Zong Office, Bahria ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln