Tag: deposits

Thar coal deposits can bring breakthrough in power sector

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article image STAFF REPORT IBD: Amid the fast depleting hydle power generation in Pakistan, the domestic coal is going to be the cheapest source of power generation when compared with imported coal, LNG, furnace oil and high speed diesel. Domestic natural gas, although cheaper than coal, is fast becoming a scarce commodity. Unsustainably rising electricity costs and limited foreign exchange reserves have forced policymakers to concentrate on a domestic resource that is in abundance and whose…Read More

Raast Islamic Banking attracts Rs14b deposits

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STAFF REPORT KHI: The Bank of Khyber Raast Islamic Banking was started in 2003 and now it is enjoying the confidence of masses by having more than Rs. 14 billion deposits in its Branches and has also awarded financial facilities amounting to more than Rs. 8 billion and due to general public confidence our Islamic Banking Group assets are more than Rs. 23 billion. "Our Raast Islamic Banking Branch profit for the period of January-November 2013 is Rs. 378 million which will increase in…Read More

Thar coal deposits to generate 1000MW

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article image MONITORING REPORT IBD: Pakistan can generate at least 1000 MWs out of Thar Coal reserves, however, at least $115 billion are required to materialise this project."Thar contains 175 billion tons reserves of coal, out of which 1000 MW power may be generated for the next 30 years," said Dr Samar Mubarakmand, Member of the Science and Technology Planning Commission, in a recent interview to a private channel.He revealed that the Thar coal project will become operational in December 2013…Read More