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Shuja urges elites to pay taxes, proposes raise in property tax MULTAN: Punjab Minister for Finance, Excise and Taxation Mujtaba Shuja Ur Rahman has urged the elites to pay taxes to contribute their due share to strengthening the economy of the country.Addressing at the Multan Chamber of Commerce and Industry (MCCI) late on Friday night, the minister recalled that an attempt to levy tax on luxury houses in three big cities was responded with filing of 800 petitions in the High Court.He said that provincial government does not wish to burden the poor with taxes and all out efforts were being made to provide them relief, however, it was also a fact that 80 per cent of the provincial government's revenue come from the federal divisible pool and rest of the 20 per cent is generated by the province through taxation.He said that the property tax which should have been the leading contributor in revenue generation stands second after motor vehicle ...

ATM card holders demand proper maintenance of facility ISLAMABAD: The Auto Teller Machine (ATM) card holders Saturday appealed the authorities concerned to ensure proper maintenance of the facility owned by public and private sector banks."ATMs are considered to be a source of relief for the consumers in need of fast cash, but they have in fact become a source of annoyance, particularly on salary days," a number of ATM card holder said while talking to APP.Those, who often visit ATM kiosks to get ...
SBP injects Rs98.900mn in market KARACHI: State Bank of Pakistan on Friday injected Rs. 98.900 million in market during its open market operation ; with 10.04pc rate of return.The bids offered of the 07-days injection were of Rs 115.900 million, said SBP release here. Copyright APP (Associated Press of Pakistan), 2014 ...
Pak forex increase to $ 13.43905bn KARACHI: The total liquid foreign exchange reserves of the country have increased to dollars 13.43905 billion from previous week's balance of $ 13.13208 billion, said a State Bank of Pakistan.According to SBP weekly statement issued here on Thursday, the foreign reserves held by State Bank on May 23 amounted $ 8.64905 billion against the previous week's balance of $ 8.32003 billion and the net foreign reserves held by other banks were $ 4.790 billion.The Central ...
SBP injects Rs 92.650bn into market KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs 92.650 billion into the market for four days during its open market operation ; with 10 % rate of return. The bids offered for injection amounted Rs 95.150 billion, said SBP statement.Copyright APP (Associated Press of Pakistan), 2014 ...
SBP injects Rs414bn in market KARACHI: State Bank of Pakistan on Friday injected Rs. 414 billion into market for seven days on 10.11 percent rate of return during its open market operation.The bids offered for this injection were of Rs. 498,200 million, said SBP press release here on Friday. Copyright APP (Associated Press of Pakistan), 2014 ...
Higher agricultural credit disbursement during July-April KARACHI: State Bank of Pakistan (SBP) has said that the banks during first 10 months of the current fiscal year (July- April 2014), disbursed Rs 288.4 billion or 76% of their annual agricultural credit target of Rs 380.0 billion.The figures are 11.3% higher than Rs 259.1 billion during the corresponding period last year, said a press release issued by SBP here on Thursday.The outstanding portfolio of agricultural loans increased by Rs 35.3 billion (14.4%) i.e. ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln