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Co-Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari on Saturday held the federal government responsible for the power crisis. He said that the Pakistan Muslim League - Nawaz (PML-N) had promised to end load shedding within 6 months but it's been 2 years since they are in power and the crisis is still there. He said that the protest will continue.

The Meteorolo-gical Department has forecast that it is expecting the heatwave to return on Sunday with temperatures crossing 40 degrees Celsius again. The Met Department said it is expecting another spike for Sunday and Monday when temperatures are expected to reach 41 degrees Celsius. The Meteorological Department adds, that until a weather system forms in the Arabian Sea there is no chance of rainfall in Karachi.
Prime Minister Nawaz Sharif has decided to give targets to every ministry and for this purpose he will sign performance contracts with each and every Minister by the first week of July, 2015. Sources privy to the development said that Minister for Planning and Development Ahsan Iqbal has been tasked to get the targets for the next year from ten important ministries, draw up the format of performance contracts to be signed and as an incentive the Ministry that would achieve all its targets during the year would be rewarded with Rs one billion as prize money.
A syndicate of big banks is giving a fresh credit line of Rs 7.5 billion at 2 percent above KIBOR to the Power Holding Company as it is not able to pay interest on the Rs 134 billion of Term Finance Certificates, it is reliably learnt. The interest had fallen due at the end of February this year. And, banks were afraid that as over 90 days had elapsed - they would have to classify the amount of principal plus interest, as per State Bank regulations, as a non-performing loan.
Pakistan has decided to contact the UK government to seek evidence and sources used in making a BBC documentary, which accuses Muttahida Qaumi Movement (MQM) of receiving funding from India, said Interior Minister Chaudhry Nisar Ali Khan on Thursday. After his meeting with UK High Commissioner Philip Barton, Interior Minister told media persons that following the advice of the UK high commissioner, he will write a letter to the British government today (Friday), requesting it to give access to Pakistan to evidence and sources on which BBC prepared its report.
Prime Minister Nawaz Sharif has directed the Interior Ministry to thoroughly investigate the claims made in the BBC report pertaining to the Muttahida Qaumi Movement (MQM) receiving funding from India, and sought an early report in this regard. Interior Minister Chaudhry Nisar Ali Khan and Special Assistant to Prime Minister Nawaz Sharif on National Security and Foreign Affairs, Tariq Fatemi met the premier at the PM House on Thursday.
National Electric Power Regulatory Authority (NEPRA) has decided to dispatch a four-member fact-finding committee to ascertain the reasons behind current power crisis in Karachi and claims of K Electric with respect to investment. Though Nepra has claimed that it is sending the fact-finding team on its own, insiders claim this action has been taken on the instructions of the federal government which is being severely criticised for not resolving the power crisis.
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln