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Business and Economy: Pakistan


Prime Minister Muhammad Nawaz Sharif witnessed the signing ceremony of financing agreements of US 588.4 million dollars and US 76.4 million dollars with the World Bank for construction of Dasu Hydropower Project and Sindh Agricultural Growth Project.

A World Bank mission would carry out an evaluation of the latest status of the policy actions and reforms put in place for creating growth and investment climate in Pakistan through tariff rationalisation, one-window shop for business registration, effective audit of registered persons, improving revenue collection and federal government support to provinces in expanding the scope of General Sales Tax (GST) on services.
President Mamnoon Hussain has said that rigorous efforts of the present government have resulted into the creation of business and investors friendly environment and assured that the government will continue to make more concerted efforts to bolster trade and economic activities and promote business interests of the country, besides creating enabling environment to the local and foreign businesses in the country.
PIAF-Founders Alliance will start its election campaign by inaugurating its election office on September 02 at Lahore Railway Station near office of Pak Business Express. The decision was made in the meeting of PIAF-Founders Alliance Steering Committee chaired by its Chairman Mian Anjum Nisar.
There is acute shortage of water in Site industrial zones of the city creating serious problems to continue industrial production which is causing delay in meeting production targets, especially in textiles. The industrial area of SITE, which is home to over 3,000 factories, is facing acute shortage of water, resulting in loss of production and closure of some units, said industrialists.
Acting President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Shaukat Ahmed has expressed his concern over the present political situation in the country; maintaining that it has created many economic and social issues for the country.
The Sindh High Court (SHC) on Tuesday sought comments from the Ministry of Ports and Shipping, Environment and Tourism departments and the Sindh government on a petition against construction of a deep sea container port project. The petitioner, Abdul Jabbar, moved the court, submitting that the deep sea container port was being built on the front of residential area in Clifton which will block public access to the Clifton beach.


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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 25, 2014
Reserves $13.925 bln