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Business and Economy: Pakistan


Secretary Commerce of United States Penny Pritzker called on Federal Minister for Commerce Khurram Dastgir Khan and discussed plans to expand bilateral trade and investment flows into Pakistan. The areas of co-operation include diversifying agricultural production, increasing trade in services, promoting entrepreneurship, enhancing intellectual property protection and increasing dialogue between our respective private sectors.

Prime Minister Nawaz Sharif has said Pakistan is committed to strengthening economic ties with the United States. He was addressing a ceremony in connection with Pakistan-United States Economic Partnership Week in Islamabad on Monday. Nawaz Sharif said, "Our relations with the United States constitute an important component of the Pakistan''s foreign policy."
Belarus Ambassador Andrei Ermolovich met Chief Minister Muhammad Shahbaz Sharif on Monday to talk about matters of mutual interest and bilateral relations. The chief minister told his guest that there was a vast scope of co-operation between Pakistan and Belarus in the trade and economic sectors and also stressed the need for exchange of maximum delegations between the two countries.
Provincial Minister for Home Colonel Shuja Khanzada (Retd) has said that protection of Chinese working on various projects in Punjab is the responsibility of the government and Special Protection Unit headed by Deputy Inspector General besides officers and Jawans of Rangers are providing them foolproof security. He said this during a meeting with the Chinese Consul General Yu Boren who met him, here today. Political Secretary of the Consul General and Secretary Internal Security of the Interior Ministry Colonel Wajahat Hamadani was also present on the occasion.
The Senate Monday passed "The Privatisation Commission (Amendment) Bill, 2015 and The Provincial Motor Vehicles (Amendment) Bill, 2015". As many as six bills were introduced and five resolutions were passed by Senate on private members day. Similarly, 10 reports of various standing committees were also laid before the House. Senator Syed Sughra Imam of Pakistan Muslim League-Nawaz (PML-N) moved "The Privatisation Commission (Amendment) Bill, 2015" in the House. The House passed the bill without any opposition.
ImageThe Punjab Industrial Estates Development and Management Company is organising a three-day Punjab Industrial Expo-2015 between April 3 and 5 at the Expo Centre in Lahore. Chairman SM Tanveer said the Expo-2015 which was meant to promote industrial potential of the Punjab would be bigger than that of 2014 in terms of participation of companies and guests. That was because up to 160 leading industries and foreign companies and delegates were expected to take part in the event.
In a giant leap towards further strengthening the industry-academia linkage, the Lahore Chamber of Commerce and Industry and the Lahore School of Economics on Monday inked a memorandum of understanding (MoU) paving the way for a joint research and seminars on the economic issues. Chamber's President Ijaz A Mumtaz and Rector of Lahore School of Economics Dr Shahid Amjad Chaudhry inked the memorandum on behalf of their respective organisations, with former Water and Power Development Authority Tariq Hameed being also present.
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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln