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Import of LNG to provide big saving to country ISLAMABAD: The import of Liquefied Natural Gas (LNG) would provide a big saving to the country in view of lower petrol imports.An official of ministry of Petroleum and Natural Resources told APP that the import of LNG in transport sector will save billions per annum, generate jobs, protect industry and ensure a clean environment, besides providing cheaper fuel to consumers.He said the initiative would ensure uninterrupted supply of CNG to consumers. He said that initially 300 MMCFD (million cubic feet per day) of LNG will be imported and after six months the import volume will be increased to 400 MMCFD, he added.He said the electricity generation from LNG will cost Pakistan less compared to the power production from diesel.The Compressed Natural Gas (CNG) sector will directly import the Liquefied Natural Gas (LNG) after which no CNG station would face closure," he said.Copyright APP (Associated Press of Pakistan), 2015 ...

IESCO issues power suspension programme ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Thursday issued power suspension programme for various areas of its region due to annual maintenance and routine development work.According to an IESCO spokesman, the power supply of the feeders/grid stations would remain suspended as under:On 27 February 10:30am to 16:30pm, From Kamalabad Grid, Lalazar feeder, Lalazar State, Dh.Bahadar Shah, Sherzaman Cly, Tulsa Road & Surrounding area On 28 February 10:00am to 13:00pm, From Kamalabad, Adyala and Chaklala ...
Dasu project's bank account already exists LAHORE: Pakistan Water and Power Development Authority (WAPDA) here Wednesday clarified that bank account of Dasu Hydropower Project has already been opened. The WAPDA spokesperson strongly refuted a media report stating Dasu project's bank account had not been opened so far that could delay implementation of the project. The spokesperson clarified that news item was contrary to the fact because the bank account for Dasu Hydropower Project had already been opened. Dasu Hydropower Project was ...
Zahid Saeed appointed as head of FPCCI standing committee on pharma KARACHI: President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Mian Mohammad Adrees has appointed Zahid Saeed as Chairman FPCCI Standing Committee on Pharma industry for the year 2015, said a statement on Wednesday.Zahid Saeed with rich experience in the field of pharma industry, as CEO Indus Pharma, is also know as an environmental activist.He had previously served as Chairman Pakistan Pharmaceutical Manufacturers Association besides being member of different FPCCI Standing Committees.Copyright APP (Associated ...
Railways offer, revised competitive freight rates ISLAMABAD: Pakistan Railways were offering revised competitive freight rates regularly to divert freight traffic from road to rail to earn more revenue for the department.In this regard the Ministry of Railways is taking several steps including freight trains are being increased to earn more revenue, tariff is being regularly revised to increase clientele, an official in the Ministry of Railways told APP.The official said that availability of locomotives, through repair, in freight pool has been ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln