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APTMA for uninterrupted power supply to meet export orders  RECORDER REPORT LAHORE: Chairman All Pakistan Textile Mills Association (Aptma) Ahsan Bashir has said that the textile industry is not being supplied with uninterrupted electricity supply despite lowest domestic demand at present.   He said the industry is usually in dire need of electricity in this season to meet export orders from around the world. But the industry is facing with six hours a day load shedding at present.   According to him, the Ministry of Water & Power had assured the Aptma of complete exemption from load shedding after 10th Muharram, requesting to bear with the situation until 10th of Muharram.   However, he added, the decision to this effect is yet pending on the part of the ministry. He has demanded the Ministry of Water & Power to restore uninterrupted electricity supply to the textile industry, as the energy security is prime concern of the industry.   Especially, said Chairman Aptma, in view of the shortage of ...


FBR’s three-year strategic plan hailed  RECORDER REPORT LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has appreciated the Federal Board of Revenue (FBR) for proposing its three-year strategic plan to reduce the sales tax from 16 to 10 per cent; corporate tax 35 to 30 per cent and reduction in tax rate for association of persons and individuals.   FPCCI Regional Chairman Sheikh Abdul Waheed Sandal and Vice President Azhar Majeed Shaikh in their joint statement on Wednesday said that ...

SSGCL to restore gas to CNG stations tomorrow morning  KARACHI: Sui Southern Gas Company Limited (SSGCL) has decided to restore gas supply to CNG stations in Sindh at 09 a.m. on Thursday after improvement in the SSGCL line pack.   On Tuesday, SSGCL had announced to suspend the gas supply to CNG stations for two days till 0900 hours of Friday.   Copyright APP (Associated Press of Pakistan), 2012

Lahore Stock Exchange gains 6.81 points  LAHORE: The Lahore Stock Exchange on Wednesday witnessed bullish trend by gaining 6.81 points as the LSE-25 Index opened with 4108.31 and closed at 4115.12 points.   The market's overall situation also corresponded to an upward trend as it remained at 6.546 million shares to close against previous turnover of 5.025 million shares, showing a upward move of 1.521 million shares. While, out of the total 105 active scrips, 37 moved up, 21 shed values and 47 ...

Acting Governor Sindh takes notice of fire incident  KARACHI: Acting Sindh Governor Nisar Ahmed Khuhro has taken notice of Wednesday's fire incident in the State Life Building here where the offices of the Karachi Electric Supply Company (KESC) are also located.   A statement said that he has also sought an immediate report from the Managing Director of the KESC in this regard.   The Acting Governor further directed that there should be a complete inquiry regarding the fire incident.   A young man was killed when he jumped ...

Fruit, vegetable export increase by 4.21, 10.97pc  ISLAMABAD: Fruit and vegetable export from the country during the first four months of current financial year recorded increase of 4.21 percent and 10.97 percent respectively.   During the period from July-October 2012 about 120,794 metric tons fresh fruits of different varieties worth US$ 81.48 million exported as compared to the 135,323 metric tons valuing US$ 78.18 million during the same period of last year.   According the data of Pakistan Bureau of Statistics (PBS), during first four months ...

LCCI concerned at surge in crime rate  RECORDER REPORT LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) Tuesday expressed grave concern over deteriorating law and order situation and called for stringent measures to control the situation that is getting out of hand with every passing day.   The LCCI President Farooq Iftikhar, senior Vice President Irfan Iqbal Sheikh and Vice President Mian Abuzar Shad in their joint statement said that an alarming increase in daylight robberies and dacoities is not only hitting businesses hard ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln