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Business and Economy: Pakistan


The Pakistan Economy Watch (PEW) on Sunday said that continued political instability had compromised government's ability to generate revenues which would result in increased debt burden inflation, and mass unrest.

ImagePak-China Joint Chamber of Commerce and Industry (PCJCCI) President Shah Faisal Afridi here Sunday urged the local SMEs to participate in China International SME Fair-2014 (CISMEF) to be held at Guangzhou city of Guangdong in October this year.
Voicing concern over the clashes between the workers of Pakistan Tehreek-i-Insaf (PTI), Pakistan Awami Tehreek and the law-enforcement agencies in Islamabad, Multan Chamber of Commerce and Industry's President Khawaja Muhammad Usman appealed to the government and the protesting parties to show flexibility to end the current political impasse.
Punjab Governor Chaudhry Muhammad Sarwar has said that the government accords great importance to business community and is making hectic efforts to boost economic growth in the country. He was speaking at a dinner given by newly-elected Chairman of United Business Group, Iftikhar Ali Malik, at his residence here Saturday night.
All the chambers of commerce and industries across the country including Federation of Pakistan Chamber of Commerce and Industry Sunday vehemently condemned vandalism by the activists of Pakistan Awami Tehrik and Pakistan Tehrik-i-Insaf and termed it a conspiracy against the country.
The business community of federal capital on Sunday expressed deep concern over the continued closure of their shops due to sit-ins of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT). Islamabad Chamber of Commerce and Industries (ICCI) President, Shoban Khalid said that sit-ins, marches were causing huge financial loss to the capital Markets.
Drug Regulatory Authority of Pakistan's (DRAP's) recent decision to register Sovaldi came at a time when globally patent battles over the lucrative market for the treatment of Hepatitis C are escalating and the end result of these legal scrambles can bring bad news for the patients in lower and middle income countries like Pakistan, according to stakeholders here.


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln