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FPCCI vehemently condemns terrorist attacks ISLAMABAD: Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Thursday condemned the incidents of bomb blasts in Islamabad and Sibi Railway Station that claimed many precious lives and caused injuries to several innocent people.Talking to APP President Federation of Pakistan Chamber of Commerce and Industry, Zakaria Usman and Vice President SAARC CCI,founder Chairman Pak-US Business Council Iftikhar Ali Malik expressed grief and sorrow over the loss of precious lives in the blasts.Federation President said that unscrupulous elements hatched a conspiracy to discourage the smooth flow of foreign investment in different sectors of the country.He said that disgruntled elements want to sabotage the peaceful atmosphere in the country through such heinous acts."Pakistan, in the wake of war on terror, suffered colossal financial loss of around 3 trillion dollars in terms of infrastructure destruction, buildings, houses, serious set backs in export",he said.Iftikhar Ali Malik said that entire business community stands united ...

Police arrested 70 criminals, arms recovered KARACHI: City police in their ongoing drive against criminals have arrested 70 alleged criminals from different parts of the metropolis during last 24 hours.The police during 100 raids and nine encounters arrested murderers, absconders, drug peddlers, robbers and others for their alleged involvement in various crimes, said a statement on Thursday.The police also recovered different kinds of arms and drugs from their possession.Copyright APP (Associated Press of Pakistan), 2014

TCP directed to purchase seed cotton instead of lint cotton ISLAMABAD: The Federal Minister for Textile Industry has said that in the coming cotton season, the Trading Corporation of Pakistan would be directed to purchase seed cotton (phutti) instead of lint cotton, so that farmers get the maximum benefit, and cotton prices remain stable.In this regard the Ministry of Textile Industry will soon submit a summary to the Economic Coordination Committee (ECC) of the Cabinet for allocating funds for timely intervention in the cotton market, ...

SECP takes action against non-compliant market participants ISLAMABAD: The development of transparent and efficient securities market is one of the prime objectives of the Securities and Exchange Commission of Pakistan (SECP).Accordingly, Securities Market Division of the SECP took enforcement actions and penalized the market participants for non-compliance with the regulatory framework during the month of March.Subsequent to the onsite inspections, enforcement actions were taken against three brokerage houses of the Karachi Stock Exchange Limited.A penalty of Rs500,000 was imposed on KASB Securities ...

CJP inaugurates park, plants a tree ISLAMABAD: Chief Justice of Pakistan Justice Tassaduq Hussain Jillani inaugurated the newly built Park in Supreme Court Islamabad and planted a tree in the newly inaugurated Park here on Thursday. Moreover, on this occasion, other Judges of the Supreme Court also participated in the ceremony and planted trees separately in the newly inaugurated Park established in the area of the Supreme Court.Copyright APP (Associated Press of Pakistan), 2014

Shipping activity at Port Qasim KARACHI: Two ships C.V CMA CGM Wagner and M.T Feng Hai-32 carrying containers and Palm oil were allotted berths at Qasim International Container Terminal end Liquid Cargo Terminal respectively at Port Qasim on Wednesday.Meanwhile three more ships C.V CMA CGM Eiffel, C.V Kerstin-S and M.T Al-Muminah carrying container and furnace oil also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy was managed at the Port at 29% on Wednesday Where four ...

SC restores MPA Arif Gill's membership ISLAMABAD: The Supreme Court on Wednesday restored Arif Mehmood Gill as Member of Provincial Assembly (MPA) of Punjab from constituency PP-59 Faislabad on the basis of having genuine educational documents, withdrawing its suspension notice dated November 25, 2013. The three-member bench headed by Chief Justice Tassaduq Hussain Jillani perused the record produced by the Assistant Controller (Record) of the Board of Intermediate and Secondary Education (BISE), Faisalabad. The applicant's counsel read out the statement of ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln