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First shipment of LNG to help supply-demand gap: Abbasi KARACHI: Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi here on Saturday said the import of liquified natural gas (LNG) through Engro's LNG terminal at Port Qasim will help the country to fill the supply and demand gap of natural gas and cut the electricity generation cost to half by replacing furnance oil. "The country's total natural gas production is 4,000 mmcfd, with shortfall of 600 mmcfd and this LNG terminal has capacity of handling 600 mmcfd. We can produce electricity at Rs 10 per unit against the cost of Rs 18 to Rs 20 per unit from furnace oil. This would save at least $ one billion per annum for Pakistan Government", Abbasi said. Shahid Khaqan Abbasi, flanked by Minister of State for Petroleum and Natural Resources Jam Kamal Khan, was speaking to the electronic and print media at the LNG vessel at Port Qasim after witnessing ...

Dar reviews options regarding working of SME bank ISLAMABAD: Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting on Saturday to review various options regarding the future working of SME bank including its merger.The meeting was attended by senior officials from SME bank, State Bank of Pakistan (SBP), Finance Division and National Bank of Pakistan said a press release.President SME bank Ihsan ul Haq Khan gave a presentation on the current position of SME bank and also dilated on its future prospects ...

Terrorism to be eliminated in totality all over country: COAS  RAWALPINDI: "We are taking menace of terrorism head on and will go anywhere in the country to eliminate it in totality," said Chief of Army Staff (COAS) General Raheel Sharif on Saturday. Addressing the third convocation of Combined Military Hospital (CMH) Lahore Medical College, he said, "We have to collectively put in efforts to give our next generation a terror free country, to provide them conducive environment, to help them apply their knowledge and creativity ...

PR making efforts for its uplift LAHORE: Federal Minister for Pakistan Railways, Khawaja Saad Rafique has said that PR and its management was making untiring efforts for uplift of the department.Addressing the closing ceremony of the 60th Inter-divisional Athletics Championship organized by Pakistan Railways Sports Board here at Railways Stadium on Saturday, he said that in next financial year about Rs 20 million would be set aside as sports grant so that sports facilities could be improved further.He said that a ...

UN staff evacuated from Yemen capital: aid workers SANAA: At least 200 UN staff and other expatriates were evacuated from the Yemeni capital on Saturday, as an Arab coalition pressed a bombing campaign against Shiite rebels in the city, aid workers said."More than 200 staff of the United Nations and foreign embassies and firms left through Sanaa airport on Saturday afternoon," one aid worker told AFP, without specifying their destination.Another source confirmed the evacuation of UN staff, saying that only "personnel necessary for ...

61 dead in 3 days of clashes in Yemen's Aden: health official ADEN: At least 61 people have been killed in three days of fighting between Shiite rebels and loyalist militia in Yemen's main southern city Aden, a senior health official said Saturday."There are at least 61 people dead and 203 wounded," Aden health department director Al-Kheder Lassouar told AFP, raising an earlier toll of 54 killed.The situation has become increasingly tense in Aden, with supporters of Huthi rebels, under fire from a Saudi-led coalition elsewhere, clashing ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln