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Pakistan's liquid foreign reserves reach $14.45 billion ISLAMABAD: The total liquid foreign reserves held by the country stood at US$14,450.2 million on July 18, 2014.Giving the break-up of the foreign reserves position, a statement of the Central Bank issued here Thursday said that Foreign reserves held by the State Bank of Pakistan stood at US$ 9,398.8 million while the net foreign reserves held by banks were US$ 5,051.4 million on July 18.During the week ending July 18,2014, SBP's Liquid FX Reserves decreased by US$87 million to US$9,399 million compared to US$9,486 million in the previous week.During the week ending July 18, 2014, SBP has made payments of US$ 69 million on account of external debt servicing and other official payments.The SBP did not receive any significant inflows during this week, the statement said. Copyright APP (Associated Press of Pakistan), 2014

Bosan vows to promote agricultural research, transfer of technology ISLAMABAD: Federal Minister for National Food Security and Research (NFSR) Sikandar Hayat Khan Bosan on Thursday said that top priority of the government was to promote the agriculture research and transfer of technology to benefit the small farmers for food security in the country.While talking to media on the inauguration ceremony of "Salage Baling Machine" in PARC headquarters, Sikandar Bosan said the use of latest agricultural technology and innovation will increase farm profitability to the ...

SECP starts 448 show cause proceedings ISLAMABAD: The Enforcement Department of the Securities and Exchange Commission of Pakistan (SECP) has initiated 448 show cause proceedings related to various matters, including violation of takeover laws and non- compliance with legal obligations against companies.According to a statement of the SECP issued here on Thursday, in the recent surge in regulatory alarms and stronger push to pursue individuals for wrongdoings is the result of the implementation of SECP's vision of enforcing corporate securities' laws, ...

SECP seeks comments to amend Credit Rating Companies Rules ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has revised the existing Credit Rating Companies Rules, 1995, for better governance of the credit rating agencies (CRAs).The draft rules have been notified in the official gazette vide SRO. No 642(I) 2014 to elicit public comments.The rules are also available on the SECP's official website ( for review and comments by the public, says a statement issued by the commission here Thursday.The CRAs play an important ...

PML-N accommodates Rashid, Sherpao, Ejazul Haq in electoral reforms committee ISLAMABAD: The Pakistan Muslim League (N) Chief Coordinator Muhammad Siddiq-ul-Farooq said that PML-N accommodated Sheikh Rashid, Aftab Ahmed Sherpao and Muhammad Ejazul Haq in the Parliamentary Committee on Electoral Reforms despite having majority to keep 15 of its members.The PML-N government showed goodwill gesture by voluntarily reducing its representation on the committee to 12 to accommodate three more opposition legislators, he said while talking to APP on Thursday.Siddiq-ul-Farooq said Pakistan Muslim League-Nawaz (PML-N) despite having ...

FBR for dispute resolution committee to resolve tax issues ISLAMABAD: The Federal Board of Revenue (FBR) Thursday said that it would not take any measures that might create harassment in the business community, urging businessmen to cooperate with tax department for improving the tax revenue of the country."Communication gap between FBR and the taxpayers is the main hurdle in improving tax revenue and a Dispute Resolution and Advisory Committee comprising representative of FBR and ICCI should be formed to resolve tax issues amicably," Syed ...

Shipping activity at Port Qasim KARACHI: Three ships C.V CMA CGM Corneillo, C.V Posen and M.T Theresa Mars carrying containers and palm oil were berthed at Qasim International Container Terminal and Liquid Cargo Terminal respectively at Port Qasim on Wednesday.Meanwhile four more ships with containers and furnace oil also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy was observed at the port at 64% on Wednesday where ten ships namely C.V CMA CGM Corneille, C.V Posen, ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln