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Business and Economy: Pakistan


The country received $764 million external resources during the first quarter of the current fiscal year (July-September) against the budgeted $7.4 billion, data released by the Economic Affairs Division showed here on Wednesday. China emerged as the largest donor disbursing $295 million out of $1.462 billion budgeted for the current fiscal year. The second largest disburser of assistance was Asian Development Bank with $160 million with a total of $1.092 billion budgeted from the Bank for the current financial year.

Danish trade delegation in a meeting with Punjab Chief Minister Shahbaz Sharif here on Wednesday has shown interest for investment in various sectors in Punjab. Led by Danish Ambassador in Pakistan Jesper Moller Sorensen, the first official-level trade delegation of Denmark currently visiting Pakistan met Punjab Chief Minister and discussed matters regarding promotion of bilateral co-operation in trade, investment, livestock & dairy development, renewable energy, environmental protection, engineering, technology, mining and other sectors.
The Capital Development Authority (CDA) has chalked out a comprehensive plan to clean the sit-in venue after an end of Pakistan Awami Tehreek (PAT)'s sit-in in Islamabad. "The CDA sanitation, environment, roads, water supply and other relevant directorates have dispatched their staff to the sit-in venue but would launch a major operation after the PAT management removes all the tents and vacates the area", said Director Sanitation Sardar Khan while talking to Business Recorder.
Benazir Income Support Programme (BISP) has started midterm review of its Pakistan Social Safety Net project to track down possible flaws and find ways to improve its performance. An official told Business Recorder on Wednesday that the officials would go through the project to evaluate its performance and then suggest solutions in a comprehensive report to improve it further.
Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to take the private sector on board on pace of work on energy projects because their completion is directly linked to local and foreign investment in the country. PIAF Chairman, Malik Tahir Javaid was talking to a group of industrialists called on him to register their complaints about the unavailability of gas. He said the shortage of gas and electricity has not only affected the local investments but also sent a negative signal abroad.
Dr Helmut Koerber, a renowned German International trainer on Energy Management, has urged the industrial sector of Pakistan to adopt the world's best energy conservation practices to diminish the affects of prevailing energy crisis in Pakistan.
The Lahore Chamber of Commerce and Industry (LCCI) has urged the Punjab government to declare Ferozepur Road industrial area (FRIA) as "Industrial Estate." This demand was raised by the LCCI Vice President Syed Mahmood Ghaznavi while talking to the 10-member delegation of Ferozepur Road Industrial Association (FRIA) led by its patron-in-chief Adnan Butt here on Wednesday at the LCCI. Chairman FRIA Mubasher Naseer Butt, Senior Vice Chairman Khawaja Shahzeb Akram, Vice Chairman Khalid Mahmood and Aamir Anwar were also present on the occasion.


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln