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Bilateral trade with UK to be enhanced up to 3bn pounds: Khurram ISLAMABAD: Federal Minister for Commerce, Engineer Khurram Dastgir Khan Wednesday expressed the government's resolve to enhance bilateral trade with United Kingdom up to 3 billion pounds in the coming years saying that currently, Pakistan's trade with England stands at 2 billion pounds out of which Pakistan's exports are 1.4 billion pounds.He said that the Ministry of Commerce was looking for new high-growth sectors of exports to give a new boost to Pak-Britain trade."The Ministry is promoting the export of high value-added textile products to England while there is a great scope of import of sophisticated services and consultancies from England", the minister said while meeting with Syed Ibn-e-Abbas, Pakistan's High-Commissioner-designate to England who will assume his responsibilities in the first week of September.England has a huge Pakistani diaspora which is settled there since decades. They are working in every sector and provide huge revenue through the remittances they send back ...

LSE downs by 20.49 points LAHORE: Lahore Stock Exchange here Wednesday witnessed bearish trend by losing 20.49 points, as the LSE Index-25 opened with 4948.35 points and closed at 4927.86 points. The market's overall situation, however, corresponded to an upward trend as it remained at 953,840 shares to close against previous turnover of 932,700 shares, showing an upward move of 21,140 shares. While, out of the total 78 active scrips six moved up, 31 shed values and 41 remained equal. ...

LSM output grows 4 percent in FY 2013-14 ISLAMABAD: The country's Large-Scale Manufacturing (LSM) output grew by 3.95 percent during the fiscal year 2013-14 compared to last year.The Quantum Index Numbers (QIN) of LSM stood at 121.66 points during July-June (2013-14) as compared to 117.04 points in July-June (2012-13), according to the latest data of Pakistan Bureau of Statistics (PBS).Meanwhile, on year-on-year basis, the LSM grew by 0.25 percent in June 2014 compared to the production of June 2013. The data showed that ...

Textile policy 2014-15 to be announced next month ISLAMABAD: Ministry of Textile and Industry would announce new textile policy 2014-15 in first week of September 2014 to plan the future strategy for textile industry and to facilitate the small industry for the economic development of the country.Talking to APP here Wednesday, Spokesman of Textile Ministry Kanwar Usman said that new textile policy would be comprehensive which would provide facility and benefit the small industries.He said that an amount of Rs.82 billion has been ...

PM striving to shun negative politics: Saira Tarar ISLAMABAD: Minister of State for Health Services, Regulation and Coordination, Saira Afzal Tarar on Wednesday appreciated the positive approach of Prime Minister Muhammad Nawaz Sharif to shun negative politics in the country.Commenting on Prime Minister address at the National Assembly today, the minister said that the PM rightly said that the parliament was representative of 200 million people and majority was supporting democracy which was unprecedented.She said that Nawaz Sharif has said that the government ...

Power shutdown notified PESHAWAR: Due to necessary maintenance work, power supply will remain off from 132 KV Gadoon Amazai Grid Station on August 27, 28, 30 from 0800 AM to 0800 PM, resultantly consumers of 11 KV Murghaz, Mania, feeders will face inconvenience, said PESCO authorities on Wednesday. Power supply will remain off from 132 KV Swabi Grid Station on August 27, 28 ,30, 31from 0700 AM to 0100 PM, resultantly consumers of 11 KV Munsab Dar, Charbagh, ...

Partly cloudy weather forecast KARACHI: Met Office on Wednesday forecast partly cloudy weather in the metropolis during the next 24 hours.The maximum temperature is expected to remain in the range between 32 to 34 degree centigrade, the weather forecast said.The weather report said that mainly hot/very hot and dry weather is likely to prevail elsewhere in Sindh and Balochistan region.However, rain/thunderstorm is likely to occur at isolated places in Kalat division and at one or two places in Zhob, ...


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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