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Business and Economy: Pakistan


Pakistan''s external debt and liabilities posted $1.3 billion decline during first half of the current fiscal year, despite an increase in loan disbursements. The federal government successfully raised some $1 billion from the issuance of a 5-year Sukuk in the international market in November 2014.

Over 200 American investors and businessmen, mostly Pak-Americans, will attend a two-day 3rd Pakistan-US business opportunities conference, beginning here on March 11, sources in Commerce Ministry told Business Recorder on Friday. The conference is being jointly organized by the Commerce Ministry and the US embassy in Pakistan following similar events held successfully in 2012 and 2013 in London and Dubai, respectively.
Prime Minister's Advisor on National Security and Foreign Affairs Sartaj Aziz on Friday underlined the need for making the D-8 platform more beneficial for member states, especially by implementing its accords encompassing Preferential Trade Agreements (PTA). The advisor was talking to D-8 Secretary-General Syed Ali Mohammad Mousavi who called on him here at the Foreign Office.
Minister of State for Foreign Affairs and Regional Co-operation of Uganda Dr Asuman Kiyingi has said that Uganda and Pakistan can build their mutual trade and economic relations on new lines and both are enjoying friendly relations which should be transformed into a strong trade and economic ties.
Marvi Memon, the newly-appointed chairperson of Benazir Income Support Programme (BISP), has convened a brainstorming session of officials on March 8 to improve working and effectiveness of the programme. According to an official circular, all director generals and directors of the headquarters, regional director generals and director headquarters of regional offices as well as all divisional directors are directed to attend the session.
The Pakistan Industrial and Traders Associations Front (PIAF) has castigated the ebbing economy, claiming that it suffers a Rs 22 billion loss annually in taxes solely because of rampant smuggling and erroneous declarations and urged the authorities to act against smugglers.
An emergency meeting of industrialists was held at Site Association of Industry (SAI) office to chalk out a strategy to deal with low gas supply issue. The meeting decided to stage protests and sit-in against persisting low gas pressure which halted industrial wheel.


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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 $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln