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More than 80pc tax target achieved FAISALABAD: Regional Tax Office has achieved more than 80 percent of the recovery target set for the first quarter of 2014-15.Regional tax office source said on Wednesday that Federal Board of Revenue had fixed recovery targets for Regional tax office Faisalabad including Rs. 3992 million income tax, Rs. 1750 million Sales Tax and Rs. 51.100 million Federal Excise duty.Regional tax office recovered Rs. 78.944 million Federal Excise Duty which exceeds the target set.It also got Rs. 3777 million and Rs. 790 million in the heads of Income tax and Sales Tax respectively. Copyright APP (Associated Press of Pakistan), 2014 ...

Pak forex increase to $ 13.40008bn KARACHI: The total liquid foreign reserves of the country increase to dollars 13.40008 billion , said State Bank of Pakistan.According to SBP's weekly statement here on Thursday, the foreign reserves held by State Bank on Oct.3, amounted to dollars 8.85702 billion against the previous weekly balance of $ 8.60908 billion. The net foreign reserves with other banks figured at $ 4.54306 billion against $ 4.60007 billion.During the week ending on October 3, SBP received $ ...
Mobile wallets reach 4.2mn in Q2 CY14 KARACHI: The number of mobile wallets has reached 4.2 million by the end of the second quarter of 2014 (April- June), registering an increase of 11 percent.The mobile wallets are banking accounts which are being opened largely by the previously unbanked population at their nearby shops which are working as branchless banking agents, said State Bank of Pakistan's (SBP) newsletter on branchless banking here on Thursday. It said that overall number of branchless banking (BB) ...
SBP injects Rs15.300bn into market KARACHI: State Bank of Pakistan (SBP) has injected Rs. 15.300 billion into the market for seven days during its open market operation (OMO).The bids offered were of Rs. 25.300 billion. The rate of return will be 9.96 percent, said SBP statement here on Friday. Copyright APP (Associated Press of Pakistan), 2014 ...
All paisa coins ceased as legal tender ISLAMABAD: All decimal coins of paisa 1, 2, 5, 10, 25 and 50 had ceased as legal tender from October 1, 2014, a spokesman of State Bank of Pakistan said on Thursday.State Bank of Pakistan had continuously reminded the general public to exchange the decimal paisa coins from the offices of SBP and commercial/microfinance banks by September 30.However, Rs 1 and above denomination coins would remain legal tender, said SBP spokesman Khubaib Usmani. Copyright APP ...
CDNS saves Rs.60bn in first quarter of current fiscal year ISLAMABAD: The Central Directorate of National Savings (CDNS) has fetched Rs.60 billion during the first quarter of current fiscal year against Rs.44 billion during the same period of previous year 2013.The CDNS has collected Rs.36 billion in month of July and August 2014 against Rs.31 billion in same months of 2013, depicting an increase of 20%,said spokesman and policy expert of CDNS Ghafoor Baloch told APP on Thursday.Replying to a question, he said the CDNS ...
SBP injects Rs 122,200mn into market KARACHI: State Bank of Pakistan (SBP) on Wednesday injected into market Rs 122,200 million for nine days during its open market operation (OMO). The bids offered were of Rs 128,700 million. The rate of return is 9.96 percent, said SBP release. Copyright APP (Associated Press of Pakistan), 2014 ...


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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 $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln