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A recent survey on security-related matters showed that leading foreign investors in the country have developed a positive perception of security environment in the terrorism-hit Pakistan, especially after the launch of initiatives like Zarb-e-Azb and Karachi operation. The survey was conducted during June 2015 picking members of the Overseas Investors Chamber of Commerce and Industry (OICCI), said the OICCI in a statement issued Tuesday.

Some major trade defence laws were revamped by Senate on Tuesday after 25 years to enable the country to compete in the international market with all the protection of 21st century. The bills which were unanimously passed by the Senate include, (1) the Safeguard Amendments Bill, 2015, (2) The Countervailing Duties Amendment Bill, 2015, (3) The Anti-Dumping Duties Bill, 2015 (4) The National Tariff Commission Bill, 2015.
Trade Development Authority of Pakistan (TDAP) did not succeed in regularising expenditure of Rs 112.58 million incurred in 2003 outside the jurisdiction of Export Marketing Development Fund (EMDF). While examining the audit accounts of TDAP, sub-committee of Public Accounts Committee (PAC) observed that the authority under different names spent the fund outside the scope of EMDF Rules whereas permission was not obtained from the competent authority.
A Chinese delegation from Xinjiang province visited Trade Development Authority of Pakistan (TDAP) office and held a detailed meeting with the TDAP officials on Tuesday. Dr Usman, Director General, represented TDAP and Director General of Commercial Section of Xingjian represented the Chinese delegation. A 16-member delegation consisting of investors from logistics, petroleum and real estate industry sectors showed keen interest in trade, investment and economic co-operation between Xinjiang and Pakistan.
Prime Minister Muhammad Nawaz Sharif on Tuesday said his government had given priority to development in Balochistan as the province would play a central role in progress of the country. Talking to Chief Minister Balochistan Dr Abdul Malik Baloch who called on the Prime Minister here at the PM House, he said Balochistan is the main beneficiary of China Pakistan Economic Corridor (CPEC) projects.
Provincial Minister for Labour and HR Raja Ashfaq Sarwar has said that due to upgradation of syllabus for skill training institutes and demand based latest technical training of youth by Punjab government, the labour exports from the province to foreign countries including UAE have increased 10 percent this year. Oil and gas companies of UAE have demanded skilled workers from Punjab for completion of its infrastructure and development projects. A roadmap is being finalised to meet UAE demand for which a high level delegation of technical experts led by CEO Punjab Skills Development Fund (PSDF) Ali Sarfraz will visit UAE soon to discuss the details of the agreement, he added.
The country is set to undergo yet another strike today (Wednesday) by traders against the controversial 0.3 percent tax on banking transactions. One of two traders'' groups was divergent on the strike but unanimous on the issue but kept their shops padlocked on August 1 almost across the country and now the other group is set to abandon their businesses for one more day. It will be the second within five days of August.
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune-July
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln