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76 shopkeepers fined, one sent to jail KARACHI: The divisional and district administration Karachi has challaned 76 shopkeepers and fine of Rs.108,500/- were imposed while one shopkeeper was arrested for continuous profiteering.According to a statement issued here on Thursday, during crackdown, the administration fined 47 milk sellers, 10 food items grocers, three fruits sellers, 10 chicken sellers, one flour seller and five vegetables sellers.The action against profiteers were taken in the areas including Saddar, Civil Line, SITE, Garden, Baldia, Ferozabad, Jamshed Quarters, Gulshan Iqbal, Gulzar Hijri, Liaquat Abad, Nazimabad, North Nazimabad, Orangi, Ibrahim Hyderi, Model Colony, Bin Qasim, Landhi, Korangi and New Karachi.Commissioner Karachi Shoaib Ahmed Siddiqui has said that the operation against profiteers will continue till the sale of essential items is not ensured according to officially approved price list.Copyright APP (Associated Press of Pakistan), 2014


American, Pakistani universities partnership to help educational ties WASHINGTON: Cooperation between American and Pakistani institutions of higher learning will help students and faculties to benefit from diverse linkages in the areas of policy and research, top officials from George Mason University and Pakistan's National University of Science and Technology emphasized at an event.The GMU welcomed a three-member visiting delegation from NUST, headed by its Rector Muhamad Asghar at a reception in Fairfax, hosted by Siddique Sheikh, Chairman of Pakistan American Business Association. Congressman ...

SBP injects Rs 122,200mn into market KARACHI: State Bank of Pakistan (SBP) on Wednesday injected into market Rs 122,200 million for nine days during its open market operation (OMO). The bids offered were of Rs 128,700 million. The rate of return is 9.96 percent, said SBP release. Copyright APP (Associated Press of Pakistan), 2014

FBR collects Rs.549bn revenues in first quarter of current financial year ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs.549 billion till September 30, 2014 in the first quarter of current fiscal year 2014-15 against the collections of Rs.481 billion taxes in the same period of last fiscal showing an increase of 14 percent, a senior official of the board said.Member Inland Revenues and Spokesman of the FBR, Shahid Hussian Asad told APP here on Wednesday that the FBR as collected Rs.230 billion revenues in the ...

ISE-10 index stays bullish ISLAMABAD: The Islamabad Stock Exchange (ISE) on Wednesday witnessed bullish trend as the ISE-10 index was down by 35.04 points to close at 4432.10 points.A total of 2,000 shares were traded, which showed a negative growth of 500 shares, when compared with previous day's trading of 1,500 shares.Out of 149 companies, share prices of 89 companies recorded increase while those of 60 companies decreased and no company remained stable in today's trading.The share price of ...

SECP gets re-elected to Global Securities Regulatory Board ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) got re-elected to the International Organization of Securities Commissions (IOSCO) Board on Wednesday at the organization's Annual Conference in Rio, Brazil."This will be the SECP's second consecutive term to represent the Asia-Pacific region within the Board 2014-2016 after the successful completion of first term on the Board 2012-2014", said a statement issued by the Commission here today.The IOSCO is a global standard setting body for securities ...

SBP issues guidelines to banks for increasing agri-financing KARACHI: State Bank of Pakistan (SBP) has issued guidelines on value chain contract farmer financing to encourage banks to extend credit to small and marginalized farmers by leveraging on the strengths of inter-relationships that exist in the agriculture value chain.These guidelines will serve as a basis for banks to develop mutually beneficial relationship between the banks, farmers and the value-chain agent, said SBP statement here on Wednesday.Contract farming assumes an extensive number of arrangements along ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln