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Govt asked to take action against LPG mafia ISLAMABAD: Liquefied Petroleum Gas (LPG) Distributors Association Chairman Irfan Khokhar has called upon the government to take action against unethical business forces in the LPG market for extending relief to consumers."The LPG mafia is out to defame the government by passing on unbearable burden onto masses in shape of illegal raises in a quick succession-just Rs 20 raise per kg in a single week," the association's chairman told Friday.He informed the association had been in touch with the chairman OGRA which was supposed to take measures, adding, however, the chairman had assured to make effective measures against the mafia to arrest the rising trend in LPG prices, soon.He suggested the government should grant tax exemptions to LPG importers as part of efforts to encourage them to import more gas, ensuring adequate stocks.Irfan Khokhar alleged the LPG marketing companies were involved in black-marketing and earning illegal profit of Rs 2 billion ...

Cell phone operators expanding 3G, 4G services with more investments ISLAMABAD: The year 2014 has seen investment of US $ 1,789.7 million from Cellular Mobile Operators (CMOs) on account of acquiring and expanding their mobile broadband telecommunication networks.The overall telecom investment during the year reached US$ 1,815 million - almost three times increase from level of US$ 600 million last year.Almost half of telecom investment was in the form of Foreign Direct Investment (FDI) i.e. telecom sector attracted over US$ 903 million of FDI in ...
Efforts afoot to overcome energy crisis: Shahbaz LAHORE: Chief Minister Punjab Muhammad Shahbaz Sharif on Tuesday said the government was utilizing all available resources to overcome energy crisis in the country.Talking to assembly members, he said owing to effective energy policy of the government, the country would be able to generate ample electricity by 2017.He said that overcoming the challenge of electricty shortage would lead to improvement in industrial and agricultural sectors.The Chief Minister said that energy crisis was adversely affecting economic ...
PM slashes power cost by Rs2.19 per unit ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Friday announced reduction in prices of electricity by Rs2.19 per unit."The government will continue to pass on the benefits to the consumers on efficiencies and lowering oil prices," the Prime Minister said in a meeting held here at PM Office.The Prime Minister said the reduction in prices would be reflected in the electricity bills of non-subsidy consumers in the coming months.He also announced cut in price for the ...
Lahore-Karachi double rail track to be operational soon LAHORE: The double railway track between Lahore and Karachi will be operational by December this year.Pakistan Railways sources told APP here on Thursday that the work on doubling the track from Lodhran to Raiwind had been almost completed, however, signal rehabilitation project was underway.Under the project, restoration of block instruments and installation of modern computerised inter-locking system has been completed at Bucheri, Sarhari, Lindo and Shahdadpur railway stations, while the work at Door and Jala ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln