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Politics & Policy


Rail fare not to be raised: Saad LAHORE: Pakistan Railways Minister, Khawaja Saad Rafique Monday said train fare was not being increased despite a raise in petroleum prices.Talking to the media at PR headquarters after a ceremony here on Monday, he said the PR would have to face a loss of 19 per cent due to increase in fuel prices, however, it was decided not to raise fare of trains and the PR would bear this burden.He said no suggestion of privatisation of the department was under-consideration and there was no need of it now as the department had come out of crisis with efforts of its employees and officers.He appreciated trade unions for their cooperation in restoration of the PR adding that it was their cooperation which changed its direction from privatisation. The minister said that time was not far away when employees would enjoy bonuses."However, at present, we are unable to give anything special to ...

Sindh CM orders release of Rs 120mn for power cabling of water pumping stations KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has ordered release Rs 120 million for new electric cabling of five major pumping stations of Karachi Water Sewerage Board (KWSB) to ensure uninterrupted operation of the pumping stations."The funds are being released for KWSB only in the interest of Karachiites to resolve water supply issues", he said while presiding over the 5th meeting of KWSB here Saturday.The meeting was attended by Sindh Chief Secretary Siddique Memon, ...
Govt committed to promote agri sectors: Qaim Ali Shah KARACHI: Chief Minister Sindh Syed Qaim Ali Shah has said while inaugurating livestock, dairy fisheries, poultry, and agriculture exhibition (LDFA-2015) at Expo Center here Saturday that Sindh government is fully committed to promote and support agriculture, livestock, dairy and other sectors and will provide incentives and facilities to investors.The exhibition will showcase the investment opportunities in agriculture sectors of Sindh and bring the Government and the investors on one single platform for collaborative functioning.Syed Qaim ...
ATC extends Mirza's bail till June 10 KARACHI: An Anti-Terrorism Court (ATC) on Saturday extended the pre-arrest bail to Dr Zulfiqar Mirza and his associates until 10th June 2015 in a case pertaining to attack on Darakhshan Police Station.Former Home minister Sindh Dr Zulfiqar Mirza arrived at ATC with his counsel under tight security of Ranger's scout. Lawyers of Dr Mirza requested the court to extend his pre-arrest bail. The ATC judge after hearing arguments extended pre-arrest bail to Dr Zulfiqar Mirza ...
Polling for LG election 2015 concludes, counting of ballot papers starts PESHAWAR: Polling for Local Government election 2015 was peacefully concluded in Khyber Pakthunkhwa and counting of ballot papers was started in presence of polling agents of the candidates. The polling was started at 8AM in all 24 districts except Kohistan and was peacefully ended at 5pm. However, voters within the premises of polling stations were allowed to cast their votes. Later, the counting of ballot papers was started in presence of the polling agents of ...
Consensus on CPEC great political achievement PESHAWAR: Member Provincial Assembly, Akbar Hayat Khan on Friday said that evolving a broad based political consensus on China-Pakistan Economic Corridor Project (CPEC) project at All Parties Conference (APC) was a great achievement of the present elected government.In a statement here, the PML-N leader said credit for this goes to Prime Minister Nawaz Sharif and his team for evolving a broad based political consensus and removing the concerns of opposition parties on this great project.He ...
PML-N leadership deserves appreciation for evolving consensus on CPEC route: Balochistan CM ISLAMABAD: Balochistan Chief Minister Dr Abdul Malik Baloch on Friday said that the Pakistan Muslim League-Nawaz (PML-N) leadership deserved appreciation for evolving consensus on the China-Pakistan Economic Corridor (CPEC) route.Talking to a news channel, he said building consensus on the project route was a major breakthrough achieved in the second All Parties Conference (APC) held here. "Its credit goes to Prime Minister Muhammad Nawaz Sharif. I laud the PML-N leadership for resolving the issue and ...


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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln