thanx a lot for ur kind replies.
Now I m convinced that u pakwheelers really are experts.
Anyway i ve talked to some mechanics. All the experienced ones agree that the problem is with the engine "sucking oil" (whatever that means). Anyway I m not going for an engine swap.
I live in abbottabad but doing my MS Computer Engg from Islamabad and I am planning to go to pindi for engine overhaul since here the mechanics are good but they are very expensive. Can u believe here they charge Rs. 1000 for a gasket change (exclusive of parts).
Now please guide me an HONEST charade expert in pindi who is not expensive and can also bore (and put sleeves) and repair the turbo.
I am looking forward to driving my car after engine is fixed. It will INSHA ALLAH become a thorough bred again..