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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 national asset.PSM sources sharing details of the meeting between PSM's CEO and the delegation on Tuesday said the latter was also informed that all necessary measures have been adopted for up-gradation, automation, capital repair and maintenance works on priority basis.CEO informed the PSM clients that efforts were being made to ensure continuous delivery of the best quality products to the consumers.On the occasion members of the delegation suggested provision for such meeting between them and ...

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, ...
Shipping activity at Port Qasim KARACHI: Four ships arrived at the Port to load/ offload containers at QICT, cement at MW, palm oil at LCT, LPG at VTL on Friday, port sources said here on Saturday.Berth occupancy was maintained at 85% at the port on Friday where twelve ships namely M.V KPS-I Alican Bey - Powership, M.V NPS Mosa, M.V Martha Schulte, M.V Tessa, M.V Ocean IV (Barge), M.T Turk Gaz, M.V Xin Minib (Barge), M.T Histria Agata, M.T Sona ...
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:Sept 27 from 9am to 2pm, Al-Noor Colony, Muslim Town, Asghar Mall feeders, Sept 29 from 9am to 1pm, Rehmatabad-I, AOWHS,Rawalpindi-III, Kashmir Road, FECHS, Jhanda feeders from 9am to 2pm, E-Block, B-Block, 4th ...


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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