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Shipping activity at Port Qasim KARACHI: four ships C.V CMA CGM Tosca, C.V Mersk Detroit, M.V Basat and M.T GPT-1 carrying containers, palm oil and furnace oil took berths at Qasim International Container Terminal berth # 7 and 9, Multi Purpose Terminal and FOTCO Oil Terminal respectively at Port Qasim on Wednesday, 15 June, 2015.Meanwhile, three more ships carrying phosphoric acid, LNG and Containers also arrived at outer anchorage during last 24 hours.Berth occupancy was managed at the Port at forty seventy one percent on Wednesday, where ten ships namely C.V CMA CGM Tosoa, C.V Maersk Detroit, M.V White Fin, M.V Basat, M.V Mu Dong Song, M.V Pan Rapido, M.T Exquisite, M.T Bunga Azalea, M.T GPT-land M.T Norgas Invention were occupied at PQA berths to load/offload containers, cement, general cargo, urea, LNG, Palm oil, furnace oil and chemicals respectively during last 24 hours.Cargo throughput during last 24 hours stood at 100,622 tonnes comprises 63,512 tonnes ...

Shahbaz for increasing revenue of province LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif Wednesday said that there is a need for increasing revenue of the province to provide maximum facilities to the citizens.He said this while presiding over a meeting which reviewed the performance of Punjab Revenue Authority. Chairperson Punjab Revenue Authority Dr Raheel Ahmad Siddiqui gave a briefing to the meeting.He said that Punjab government has taken effective measures for ensuring transparent and proper utilization of funds. He said that ...

SBP accepts Rs 53.864bn bids for sale of PIBs KARACHI: State Bank of Pakistan (SBP) on Wednesday accepted bids of Rs 53.864 billion for the auction of Pakistan Investment Bonds (PIBs) with maturing period of 3, 5, 10 and 20 years. The coupon rates will be 9.75 %, 9.25 %, 9.75% and 10.75 %, said SBP statement here. Copyright APP (Associated Press of Pakistan), 2015

Agriculture records positive trends with 2.9pc growth ISLAMABAD: The overall performance of agriculture sector has recorded 2.9 percent growth during 2014-15 as compared to 2.7 percent during previous year owing to positive development in all related agriculture sub-sectors.The crops witnessed a growth of 1 percent, livestock 4.1 percent, Forestry 3.2 percent and Fishing 5.8 percent.The agriculture's crop sub-sector component which includes important crops, other crops and cotton ginning showed growth of 0.3 percent, 1.1 percent and 7.4 percent respectively.Official sources on Wednesday ...

Banks disburse Rs 368.7bn agriculture credit in ten months ISLAMABAD: The banks in the country have disbursed Rs 368.7 billion agriculture credit during first ten months of previous fiscal year which was 73.74 percent of overall annual target of Rs 500 billion.The disbursement was 27.84 percent higher than of Rs. 288.387 billion made during corresponding period last year.Sources in Agriculture Division on Wednesday said the decision has been taken to facilitate farmers' community as the government has seriously focused on bringing improvement in real ...

LSE gains 16.56 points LAHORE: The Lahore Stock Exchange (LSE) here Wednesday witnessed bullish trend by gaining 16.56 points as the LSE Index-25 opened with 6239.77 points and closed at 6256.33 points. The market's overall situation also corresponded to an upward trend as it remained at 1.480 million shares to close against previous turnover of 960,000 shares, showing an upward move of 520,200 shares. While, out of the total 86 active scrips 31 moved up, 8 shed values and ...

NBP role in accelerating home remittances highlighted KARACHI: National Bank of Pakistan (NBP) has been playing a pivotal role in accelerating home remittances business. Global home remittance significantly contribute to the economic growth, livelihood and prosperity of Pakistanis all around the world.NBP over a couple of years is equally playing a major role in helping the growth of home remittances to Pakistan through its streamlined and trusted services, said Khalid Bin Shaheen, Senior Executive Vice President and Group Chief, GHRMG and Chairman, ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln