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Over 500 wheat procurement centers established ISLAMABAD: Pakistan Agriculture Storage and Services Corporation (PASSCO) and Provincial Food Department Punjab have established over 500 wheat procurement centers for purchasing wheat during the current procurement campaign as wheat would start arriving in these centers by May 1.All logistics and commercial arrangements have been finalized to kick off the wheat procurement campaign for the current season and sofar 12 percent of sack distribution has been completed, said General Manager Commercial PASSCO, Colonel (r) Tanveer Hussain.Talking to APP on Tuesday, he said that wheat procurement has been started in Sindh and Balochistan Provinces where as distribution of sacks for growers in Punjab has been initiated from April 25.From May 1, he said, that the wheat would start arriving in centers of PASSCO and others by established by the Punjab government which would help growers to sell their produces at official fixed rates.PASSCO has arrange about 8 million bags for the ...

ICCI expresses solidarity with rain victims ISLAMABAD: Local business community in a meeting at Islamabad Chamber of Commerce and Industry (ICCI) on Monday expressed condolences with the bereaved families whose relatives lost thier lives during the mini-cyclonic.During torrential rains in Peshawar and parts of Khyber Pakhtunwava on Sunday which killed about 44 people and wounded more than 200 persons including women and children.President, ICCI,Muzzamil Hussain Sabri said that the whole nation stands with the victim families in this hour of great ...
Sindh CM directs for transparent gunny bags distribution, wheat procurement KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has said that distribution of bardana (gunny bags) and procurement of wheat must be made transparent."I would not tolerate corruption, favoritism and negligence in this regard", this he said when Minister for Food Gianchand Israni presented him a report about distribution of bardana and procurement of wheat in the province.He told the Chief Minister that three food inspectors in Umerkot district have been suspended for corruption in ...
Shahbaz inaugurates wheat harvesting drive 2015 LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has inaugurated wheat harvesting campaign-2015 at village Warah Malik Shah Muhammad Awan adjacent to Lahore here on Saturday.The chief minister launched wheat harvesting campaign by cutting the crop through a traditional sickle and also harvested wheat by driving harvester.After the inauguration of wheat harvesting campaign, he while addressing a gathering of farmers said the PML-N government was fully aware of the problems of farmers and Prime Minister Muhammad ...
Wheat farmers demand special compensation package ISLAMABAD: Rains continuing from mid-March have badly affected the wheat crop in the country, particularly in upper Punjab, making it difficult to meet the target set by the government for the current year.The unusual rains have either fully destroyed the crop or affected grains in terms of quality and weight. The stagnant rain water in fields will affect wheat yield considerably, according to agri experts.Wheat farmers have demanded the government a special package to compensate ...
Mango growers hail steps for exports MULTAN: The patron-in-chief and chairperson Mango Growers Cooperative Society (MGCS), Syed Zahid Hussain Gardezi has welcomed the ban on usage of wooden crates for exports of mango as a step forward for export of value-added exotic fruit from Pakistan while ensuring food safety.In a press statement issued here, the progressive grower said that the decision, mandated with the restrictions clamped under WTO regime enforced in the developed global markets, was also in line with the ...
Chinese President's visit to herald era of economic prosperity: FPCCI ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Sunday welcomed the coming visit of Chinese President Xi Jinping to Pakistan, saying it would further enhance economic and trade cooperation between the two friendly countries, besides boosting the confidence of business community."The Chinese President is arriving here tomorrow on the two-day visit with a large delegation comprising top businessmen, hence providing an opportunity to Pakistani businessmen to explore avenues for developing trade relations ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln