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LSM output up 3.19pc in 2 months, 5.27pc in August ISLAMABAD: The country's large scale manufacturing (LSM) sector has witnessed growth of 3.19 percent during the first two months of current fiscal year as compared to the corresponding period of last year.The provisional Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 113.46 points during July-August (2014-15) against 109.96 points during July-August (2013-14), according the data of Pakistan Bureau of Statistics (PBS).The highest growth of 2.50 percent was witnessed in the indices provided by Provincial Bureaus of Statistics (PBoS) followed by the indices of Ministry of Industries that increased by 0.76 percent while the indices monitored by Oil Companies Advisory Committee (OCAC) witnessed nominal negative growth of 0.07 percent.On year-to-year basis, the industrial growth increased by 5.27 percent during August 2014 as compared to August 2013 while on month-to-month basis,the industrial growth increased by 2.16 percent during August 2014 when compared to growth of July 2014, the ...

Governor welcomes PAT decision on sit-in LAHORE: Punjab Governor Chaudhry Muhammad Sarwar on Wednesday welcomed Pakistan Awami Tehrik (PAT) step to end its sit-in at D-Chowk Islamabad, and termed it a sensible decision. Talking to United Business Group (UBG) Chairman Iftikhar Ali Malik here, the governor said the PAT's decision would pave the way for political stability and subsequently strenthen the ecomony at all levels. The governor also felicitated the UBG chairman on landslide victory of his group in the annual ...

ISE-10 index stays bullish ISLAMABAD: The Islamabad Stock Exchange (ISE) on Wednesday witnessed bullish trend as the ISE-10 index was down by 33.96 points to close at 4133.90 points.A total of 2,000 shares were traded, which showed a growth of 98,700 shares, when compared with previous day's trading of 100,700 shares.Out of 154 companies, share prices of 91 companies recorded increase while those of 63 companies decreased and no company remained stable in Wednesday's trading.The share price of Indus ...

LHC dismisses Dr Basit's plea against NAB LAHORE: A Lahore High Court division bench Wednesday dismissed a petition filed by senior lawyer Dr Abdul Basit challenging a National Accountability Bureau (NAB) notice for return of Double Shah scam amount.The bench comprising Justice Syed Mazahar Ali Akbar Naqvi and Justice Syed Iftikhar Hussain Shah heard the matter which was pending since 2011.Earlier, Dr Abdul Basit submitted that four commission agents associated with Double Shah case entrusted Rs 33 million to him for being ...

Govt promoting sale of effective, quality of generic drugs: NA told ISLAMABAD: Parliamentary Secretary for National Health Services, Regulations and Coordination Dr Darshan Wednesday informed the National Assembly that the government was promoting sale of effective and quality generic drugs at affordable prices to the patients.Replying during Question Hour in the House, Dr Darshan said that after the promulgation of Drug Regulatory Authority of Pakistan (DRAP) act, registration process of generic drugs has been revamped and strengthened to ensure safety, efficacy and quality of drugs. He ...

Audit of electricity overbilling to be completed in three days: NA told ISLAMABAD: Minister for Water and Power Khawaja Muhammad Asif Wednesday assured the National Assembly that commercial audit of electricity overbilling was expected to be completed during the next two to three days.Speaking during Question Hour in the House, he said that apart from possibility of fudging, consumption of more power by consumers during load- shedding free period of about a month and abolition of slabs for consumers also led to increase in electricity bills.Khawaja Asif ...

Metro Bus Project to be completed by January 31: Senate told ISLAMABAD: Minister of State for Interior and Narcotic Control Muhammad Baleegh-ur-Rehman on Wednesday informed the Senate that Metro Bus Project will be completed January, 31.Replying during Question Hours, he said, the project was expected to complete on December 25, but due to sit-ins of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT), the project was delayed for one month only.He said contractors of the project, demanded the government to give six moths more time for ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln