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Business and Economy: Pakistan


The Punjab Board of Investment & Trade (PBIT), on the directives of the Chief Minister Punjab Shehbaz Sharif, in consultation with the Iranian Consulate in Lahore organised a 3-day visit of a delegation led by Minister for Food Bilal Yasin to Iran.

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed the Khyber Pakhtunkhwa Board of Investment and Trade (KP-BoIT) to strictly follow the government laws and procedures, whether federal or the provincial, while offering investment projects to private entrepreneurs and entering into agreements etc for this purpose.
The CPI inflation eased to 1.72 percent in August 2015 over the same month of last fiscal year due to substantial reduction in transportation cost following dwindling oil prices in the international market. The Consumers Price Index (CPI) figures, released by Pakistan Bureau of Statistics (PBS) on Tuesday, stated that inflation rate was recorded at 1.76 per cent during July-August 2015 over the same period of last fiscal year and 0.24 percent in August 2015 over previous month.
Trade Development Authority of Pakistan (TDAP) is organising country's largest trade exhibition WEXNET 2015 at the Expo Centre in Lahore from December 4 to 6. It will be the ninth edition of WEXNET aimed at promoting women entrepreneurs to encourage and enhance their capacity building for their valuable contribution in the export sector of the country.
Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan has said the tribesmen had paid sacrifices for the prosperity of Pakistan and peace of the entire region and the time has come to take steps for the welfare of the tribal people and urged international community to come forward and play their due role in the development of FATA.
Prime Minister Nawaz Sharif chaired a meeting to review the progress on the development projects of Murree. The Prime Minister was briefed about details and preparatory work undertaken on different projects in the light of decisions made in the meeting held at Murree on July 3, 2015.
The country faced $130 million export loss on Tuesday, following the countrywide strike observed by associations from service sector against the imposition of eight per cent minimum tax on service providers. Talking to Business Recorder, Asim Saeed Khan, Chairman, Pakistan International Freight Forwarders Association said that inward and outward movement of cargos from Sialkot, Lahore, Faisalabad & Karachi remained suspended.
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Banking Review 2014

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