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Mobile phone prices rise MUHAMMAD RIAZ & ZAHID BAIGLAHORE: In the backdrop of the Federal Board of Revenue (FBR)'s decision to enhance duties on mobile phone sets both basic and smart, prices of the mobile phone sets have increased by Rs 1,500 to 2,000 in the market.Sources said the SRO issued in this regard by the Board had been crafted in such a way that even cheapest cellphone being imported from China and available in the range from Rs 2500 had come under the higher slab of the sales tax on mobile phones.They said that according to the SRO issued on Friday, FBR has made it obligatory for importers to pay Rs500 in sales tax on basic cellular phones. On the import of smartphones that are described as ones having 4GB basic memory and a touch screen, the importer will pay Rs1, 000 in sales tax at the import stage. Market sources said that ...

Education is key to development, prosperity of country: CM Punjab RECORDER REPORTLAHORE: Punjab Chief Minister Najam Sethi has said that education is the only key to development and prosperity of the country and the nation. He said that poverty and unemployment can be overcome by promoting education. He said that education is an effective weapon against extremism. Najam Sethi said that there is a need to paying special attention to the quality and technical education and all possible steps will be taken for further improving ...

Punjab Cabinet approves wheat procurement drive RECORDER REPORTLAHORE: Punjab Cabinet in its first meeting chaired by caretaker Chief Minister Najam Sethi here on Saturday approved wheat procurement campaign 2013-14. Punjab ministers, chief secretary, secretaries attended the meeting.The cabinet meeting while dwelling on wheat procurement campaign kept four million metric tons as its target.Chief Minister Sethi on the occasion said that all arrangements for wheat procurement had been made, adding that gunny bags would be distributed in the province from April 15, ...

PML-Q to announce party manifesto today RECORDER REPORTLAHORE: Pakistan Muslim League-Q (PML-Q) will announce 'PML Manifesto for Election 2013 on Sunday (today).The PML-Q President Senator Chaudhry Shujaat Hussain, Secretary General Mushahid Hussein Sayed and Senator S.M. Zafar will unfold the salient features of their party manifesto at a function to be held at Muslim League House.PML-Q is fielding its candidates all over the country and optimistic to emerge victorious.Copyright Business Recorder, 2013

ECP orders postponement of PPSC's departmental exams RECORDER REPORTISLAMABAD: The Election Commission of Pakistan (ECP) has directed Chairman, Punjab Public Service Commission (PPSC) to postpone the departmental examination being conducted by it till completion of general elections 2013.It is to be mentioned here that the ECP has constituted more than 400 teams across the country to monitor the general elections 2013. The members of the monitoring teams are district officers, judicial officers and other high ranking officers. Now, including many other requests, ...

Six SC benches formed for next week KHUDAYAR MOHLAISLAMABAD: Six benches of the Supreme Court have been formed to hear important cases at principal seat during the week commencing from April 8.Bench I of Chief Justice Iftikhar Muhammad Chaudhry consists of Justice Gulzar Ahmad and Justice Sheikh Azmat Saeed is constituted.Bench II comprises Justice Nasirul Mulk and Justice Asif Saeed Khan Khosa whereas Bench III consists of Justice Jawwad S Khawaja and Justice Khilji Arif Hussain. Bench IV would be led by ...

Pakistan allowed to export fish meal to Chinese markets ANWAR KHANKARACHI: China allowed Pakistan to export fish meal to its markets for one more year, after its quality inspectors approved the country's fisheries management, sources said on Saturday.China, they said, has enlisted four processing plants to allow their food export to its markets including M/s Kanpa International Sales, M/s Abideen and Company, M/s M A Proteins and M/s Intermarket International.After a thorough evaluation of a fisheries report on Pakistan, four companies, China's General Administration ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln