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TDAP to be made corporate entity LAHORE: Trade Development Authority of Pakistan (TDAP) will be purged of work shirkers to turn it into a corporate entity having close coordination and liaison with all the chambers of commerce in the country. The TDAP Chief Executive Officer S.M. Muneer this assurance to business leaders here at Lahore Chamber of Commerce and Industry on Monday. The Authority, he added, would be revamped to ensure that no one dares to flout the rules. "I will purge corrupt elements and convert the entity from a bureaucratic institution to a true business organisation," he vowed. S.M. Muneer said that all efforts were being put in place to make the TDAP a world class organization to facilitate the business community and educate the government on economic challenges. He said that being a businessman, he well understood problems of exporters and prompt actions would be taken to remove any hurdle to exports. Pakistan had ...

LSE looses 66.08 points LAHORE: Lahore Stock Exchange here Monday witnessed bearsh trend by losing 66.08 points, as the LSE Index-25 opened with 5512.47 points and closed at 5446.39 points. The market's overall situation also did not correspond to an upward trend as it remained at 1.792 million shares to close against previous turnover of 3.200 million shares, showing a downward slide of 1.407 million shares. While, out of the total 95 active scrips 14 moved up, 38 shed ...

PTC contributes more than Rs 17 billion in government taxes in Q1 ISLAMABAD: Pakistan Tobacco Company (PTC) has announced its quarterly results for the first quarter ending March 31, 2014.According to the financial results released, the company contributed more than Rs. 17 billion in Government revenues on account of excise duty, sales tax and income tax, which depicts a 21% increase over the same period last year."This impressive growth in tax contribution even surpassed company's net turnover growth. The company also declared a profit of merely Rs. ...

ECSP directed to complete Nawaz Sharif Kidney Hospital by June 30 ISLAMABAD: Finance Minister Senator Ishaq Dar has directed the Engineering Consultancy Services Punjab (Pvt) Limited to complete the Nawaz Sharif Kidney Hospital, Swat by the end of this fiscal year.He was chairing Technical & Financial Committee meeting at Lahore regarding the construction of Nawaz Sharif Kidney Hospital Swat.The minister directed the ECSP to take all measures to install the equipment at the hospital by June 30.It was decided in the meeting that the Khyber Pakhtunkhwa ...

Sindh implementing educational projects worth Rs37bn ISLAMABAD: Over 150 schemes costing an amount of over Rs.37 billion were being implemented across the Sindh education sector.The schemes were aimed at enhancing girls' enrolment, reopening closed schools, improving standard of the education and ensuring basic amenities at the educational institutions in the province, Radio Pakistan reported.Also, Over 900 primary schools were being upgraded to middle school. Girls' enrolment is being enhanced by reopening 400 closed schools through rural support programme.Computer education has also ...

Walk to create awareness about obesity on Thursday ISLAMABAD: An organization, Vagus Cosmetics, is organizing a walk on April 24 (Thursday), to create awareness among people about obesity and its implications on human health.The walk, under the title "Say No To Obesity", is aimed at creating awareness among masses about the health epidemic that kills millions around the world.Pakistan is one of the countries where obesity is increasing which may cause certain other diseases, including heart conditions, ,said spokesman of Vagus.The walk would ...

Geographic information system is being established in Thar ISLAMABAD: Over seventeen schemes costing an amount of over thirty billion rupees were being carried in Sindh for coal and energy development to meet the national as well as provincial energy requirements.Radio Pakistan quoting sources said that geographic information system was being established in Thar, besides establishing communication network in the coal field in the area.Sources informed Radio Pakistan that transmission line costing twenty two billion rupees was also being laid besides construction of link ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln