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2.5mn subscribers using 3G services ISLAMABAD: Around 2.5 million subscribers has opted for 3G services being provided by mobile phone operators after its launch in April this year while this number is expected to rise further in due course.This number is grossly close to 3.34 million broadband users that were available in Pakistan before 3G services.Not to mention, it took Internet Service Providers (ISPs) around eight years to take current broadband subscription to 3.37 million mark.Mobile companies figures on Friday showed that 3G adoption has been tremendous during early months considering the limited coverage from telecom operators in the country, the subscribers size of 2.5 million in short span of time is more than what they were originally expecting.The figure of 2.5 million subscribers is derived through a definition according to which a cellular subscriber who has carried out a paid 3G data activity during last 90 days is considered a 3G user.This definition of ...

1st unit of 969 MW Neelum Jhelum project to complete by Dec 2015 ISLAMABAD: The first unit of 969 MW Neelum Jhelum is expected to complete by December 2015 as around 65-70 per cent work on this important project has been completed so far.According to official sources, the project would formally be commissioned in 2016 and would add 969 MW cheap hydel electricity to the national grid system.The Neelum-Jhelum Hydroelectric Project is being constructed over Neelum river. Once completed, the project would contribute about 5.15 billion units of ...
CNG stations to remain open during Eid holidays: APCNGA ISLAMABAD: The All Pakistan CNG Association (APCNGA) on Wednesday said Compressed Natural Gas (CNG) would be available across the country for twenty-four hours during Eid ul Azha holidays.The All Pakistan CNG Association (APCNGA) Chairman Gayyas Paracha told APP that the detailed schedule would be annouced on Friday.Oil and Gas Regulatory Authority official Muhammad Afzal said that official notification was not issued yet. He said, however notification and detailed schedule was likely in one or two ...
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 ...
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 ...


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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