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Power Supply

  • NEA: 347 MW
  • Private Sector: 314 MW
  • India: 316 MW
  • Loadshedding: 300 MW
  • Demand : 1272 MW
  • Soure : NEA

Bank

Bangladesh’s GDP Growth Hits 7.28 PC In FY17

Country’s economic growth reached a record 7.28 percent in the current fiscal year 2016-17 (FY17), according to Bangladesh Bureau of Statistics (BBS). The government had set a growth target of 7.2 percent for FY17 fiscal. “The GDP growth finally stood at 7.28 percent in the last fiscal, the highest ever…


Bank of China’s 1st branch launched in Pakistan

Bank of China has formally launched its operations in Pakistan, with its first branch inaugurated in Karachi on Tuesday. Bank of China Chairman Chen Siqing said it was "a great honour" for the bank to be launching in Pakistan, observing that the Karachi branch was its first in South Asia.…


Central bank injects funds

China's central bank injected 561.35 billion yuan ($84.6 billion) into the market via various tools in October to maintain liquidity. The People's Bank of China (PBC), the central bank, said 498 billion yuan was added via the medium-term lending facility (MLF) to keep interbank liquidity stable. The funds will mature…


China’s GDP to hit 6.8% in 2017: IMF

China's GDP growth will reach 6.8 percent in 2017, but the country still needs to deepen its structural reforms and address debt, the IMF said Tuesday. The world's second-largest economy showed some signs of improvement and gained further momentum in the first half of 2017, according to the IMF World…


Bank recap plan to push GDP growth to 7% in FY19: Report

The government's recapitalisation plan for public sector banks is likely to propel credit growth by up to 700 basis points to 15 per cent and as consequence push up GDP numbers to 7 per cent in the next fiscal, says a report. The government recently unveiled a Rs 2.1 lakh crore,…


Central bank injects more funds

China's central bank made a net cash injection via open market operations for the fifth consecutive day Monday in an effort to ease a temporary cash strain. The People's Bank of China (PBC) pumped 200 billion yuan ($30 billion) through reverse repos, a process by which the central bank purchases…


World Bank report: Hydro important part of private infrastructure development in Pakistan

A recent report on private investment in infrastructure development, released by the World Bank Group, offers some insights into hydro, including the fact that investments in two hydropower plants in Pakistan helped boost that country into the top five. The January-June 2017 Private Participation in Infrastructure Half Year Update cites…


NIC Asia cyber heist, Bank’s weakness helped criminals to hack into its system

A cyber attack on NIC Asia Bank, which reportedly lost millions of rupees last week in the biggest-ever cyber heist in Nepal, was imminent, as the banking institution had allowed staff of the Information Technology (IT) Department to use computers deployed for SWIFT transaction to perform tasks like checking personal…


British inflation hits over five-year high in September

The British key inflation rate climbed to 3 percent, hitting its highest for more than five years in September, the Office for National Statistics (ONS) released on Tuesday. The Consumer Prices Index (CPI) measure of inflation rose from 2.9 percent in August driven up by higher food prices and increases…


Afghanistan becomes a member of the AIIB

Afghanistan has obtained permanent membership of the Asian Infrastructure Investment Bank (AIIB), the country's finance ministry reported on its website on Sunday. Afghan Finance Minister Eklil Hakimi received the Certificate of Permanent Membership of the AIIB on the sidelines of the World Bank and International Monetary Fund (IMF) meeting last week…


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