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Zahid Saeed appointed as head of FPCCI standing committee on pharma KARACHI: President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Mian Mohammad Adrees has appointed Zahid Saeed as Chairman FPCCI Standing Committee on Pharma industry for the year 2015, said a statement on Wednesday.Zahid Saeed with rich experience in the field of pharma industry, as CEO Indus Pharma, is also know as an environmental activist.He had previously served as Chairman Pakistan Pharmaceutical Manufacturers Association besides being member of different FPCCI Standing Committees.Copyright APP (Associated Press of Pakistan), 2015

PPP not to support proposed amendment in existent senate election procedure KARACHI: Vice President of Pakistan Peoples Party Parliamentarians (PPPP), Sherry Rehman has registered her party's reservations regarding the proposed constitutional amendment to modify existent election procedure for senate.In a statement on Wednesday, she said at the current stage when polling schedule for the upper house had already been announced any amendment even to the election procedure is not possible.The PPP leader said her party stood against horse-trading in every sense, and did welcome cooperation to ...

Mir Zafarullah Jamali calls on Shahbaz Sharif LAHORE: Former prime minister Mir Zafarullah Khan Jamali called on Punjab Chief Minister Muhammad Shahbaz Sharif here on Tuesday.Matters of mutual interest and the country's situation were discussed in the meeting.Speaking on the occasion, the chief minister said the nation and concerned institutions were marching forward in the war against terrorism and a decisive war was being fought against terrorists.He said implementation of the National Action Plan was yielding positive results and every Pakistani was ...

Political parties should discourage horse trading practice: Zaeem ISLAMABAD: Leader Pakistan Muslim League Nawaz (PML-N) Zaeem Qadri Tuesday said that it was the responsibility of all political parties to discourage the practice of horse trading in elections.Talking to a news channel, he said that PML-N had always remained in favor of discouraging this practice.The proposed constitutional amendment in this regard was supported by all the political parties, he added.Regarding formation of judicial commission to probe the rigging allegation of PTI, Zaeem said the ...

SBP injects Rs 45.4bn into market KARACHI: State Bank of Pakistan (SBP) on Tuesday injected Rs 45.4 billion into market for three days during its open market operation.The rate of return accepted is 8 percent per annum. The bids offered amounted Rs 57.4 billion, said an SBP statement. Copyright APP (Associated Press of Pakistan), 2015

SBP accepts Rs 16.9bn for outright purchase of GIS KARACHI: State Bank of Pakistan (SBP) Tuesday accepted Rs 16.9 billion while conducting open market operation- outright purchase of GIS from SBP.The bids offered for GIS-12 issue amounted Rs 31.925 million, said an SBP statement.Copyright APP (Associated Press of Pakistan), 2015

PM shares grief with widow of late justice Rana Bhagwandas ISLAMABAD: Prime Minister Muhammad Nawaz Sharif has said that Rana Bhagwandas, late former judge of the Supreme Court of Pakistan, was a man of honour, conviction and the finest of human virtues.In a letter of condolence addressed to the widow of late Bhagwandas, the Prime Minister told her that her personal loss was irreparable and prayed for her to bear it with courage, patience, equanimity and fortitude."He was a judge with impeccable character, flawless integrity, ...


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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 $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln