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Pakistan needs more wheat imports despite recent buys HAMBURG: Private buyers in Pakistan still need more wheat imports after a disappointing local harvest despite heavy purchases in recent months of mainly Russian and Ukrainian supplies, European traders said on Monday.But a weakening exchange rate means Pakistan's importers are waiting for further wheat price falls before making purchases, traders said.Traders said purchases of around 300,000 tonnes in the coming months are possible if prices and exchange rate movements permit."Purchase inquiries are being made for November and December shipment but deals in the short term will be difficult in view of the falling exchange rate in the past few days," one European trader said."I estimate Pakistan has bought around 780,000 tonnes of wheat for import so far this year for bulk and container shipment up to September/October/November 2014.""I expect purchases this year to reach 1.1. million tonnes."Pakistan's last reported purchase was of 55,000 tonnes from Russia/Ukraine at $260.50 a tonne ...

SBP reminds public to exchange decimal coins ISLAMABAD: Sate Bank of Pakistan (SBP) has reminded the general public to exchange the decimal coins of Paisa 1,2,5,10,25 & 50 from the field offices of SBP BSC and commercial / microfinance banks branches by last working day of September 30.According to a statement of Central Bank for awareness of the general public, SBP has advised the Commercial /Microfinance Banks to display posters/banners at their branches for exchange of decimal coins.It may be recalled that ...

Notice issued to Minahjul Quran director on ministers plea LAHORE: The Lahore High Court Monday adjourning hearing of a petition, challenging a sessions court order to register a case against the Prime Minister and 20 others over the Model Town incident, issued notices to respondent Director Administration Minhaj ul Quran Jawad Hamid for August 26.The court also ordered Advocate General Punjab to file a reply and submit arguments.Justice Mehmood Maqbool Bajwa passed the orders on a petition filed by Federal Information Minister Pervaiz Rashid, ...

Sindh CM seeks report on accident killing 11 persons KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has sought an inquiry report about the fatal accident in which 11 people were killed near Khairpur.The CM has directed Commissioner Sukkur to submit an inquiry report within three days about the road accident which occurred near Khairpur on Monday.Copyright APP (Associated Press of Pakistan), 2014

Sindh govt to distribute free of cost wheat among drought affectees KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has announced to distribute wheat free of cost among the affectees of drought in Tharparkar and Achhro Thar.Sindh Government has taken this step in compliance with the decision of the provincial cabinet's meeting presided over by Patron-in-Chief of Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari and PPP Co-chairman Asif Ali Zardari here at the Bilawal House on Sunday, said an official statement here on Monday.The Chief Minister ...

Furniture exports up 16.31pc ISLAMABAD: Exports of furniture from the country increased by 16.31 percent during July 2014 compared to the same months of last year.The country earned $0.770 million from the exports of furniture compared to the $0.662 million in July 2013, according to data of Pakistan Bureau of Statistics (PBS).On month-on-month basis, the exports of furniture increased by 8.30 percent in July 2014 when compared to the exports of $771 in June 2014, the data revealed.It is ...

Halal meat export increases to US $ 230.2mn last year ISLAMABAD: Halal meat export has fetched foreign exchange of US $ 230.2 million during 2013-14, showing almost 9 per cent increase as compared to same period last yearThe export of Halal meat during fiscal year 2012-13 was US $ 211.1 million, however, the steps being taken by government in the sector resulted in registration of growth.Sources at Pakistan Bureau of Statistics (PBS) on Monday said during last fiscal year, the export of other food items ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln