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JC report to strengthen govt: FCCI FAISALABAD: The report of the judicial commission will certainly give strength to a democratically elected government to work with a renewed commitment and vigor for prosperity and solidarity of the country.Faisalabad Chamber of Commerce and Industry (FCCI) president Engineer Rizwan Ashraf said an election process after every five years provided political parties enough time and opportunities to launch their manifestos to the people.Rizwan Ashraf congratulated Prime Minister Muhammad Nawaz Sharif and Chief Minister Punjab Shahbaz Sharif for handling the critical issue with steadfastness and democratic norms.He hoped that they would now fully concentrate on economic issues, and also welcomed the statement of Imran Khan who had accepted the report of the judicial commission."Now the government and opposition will join hands as both are duty bound to work for welfare and betterment of the people," he hoped. Copyright APP (Associated Press of Pakistan), 2015 ...

Sindh Govt collects Rs55mln as Agri Tax in 2013-14 HYDERABAD: The provincial government has collected Rs. 55 Millions in respected of Agriculture Tax for the year 2013-2014 from 2918 growers of Hyderabad division.The Additional Commissioner-I Sajjad Haider Shah who is also the Convener of the Monitoring Committee of Income Tax Recovery for Hyderabad Division said while presiding over a meeting here on Thursday.Giving details about the recovery of Agriculture Tax, he informed that Rs. 8749619 was receioved from 249 growers of Hyderabad district, Rs. ...
Services trade deficit narrows 13.56pc ISLAMABAD: Services trade deficit during first 11 months (July-May) of current fiscal year 2014-15 narrowed by 13.56 percent to US $2.022 billion from $2.339 billion during same period of last year.The services exports during the period under review increased by 7.95 percent while the imports witnessed a nominal increase of 1.07 percent.The services exports increased from $4.972 billion in July-May (2013-14) to $5.367 billion this year whereas the imports increased from $7.311 billion last year ...
Agriculture records positive trends with 2.9pc growth ISLAMABAD: The overall performance of agriculture sector has recorded 2.9 percent growth during 2014-15 as compared to 2.7 percent during previous year owing to positive development in all related agriculture sub-sectors.The crops witnessed a growth of 1 percent, livestock 4.1 percent, Forestry 3.2 percent and Fishing 5.8 percent.The agriculture's crop sub-sector component which includes important crops, other crops and cotton ginning showed growth of 0.3 percent, 1.1 percent and 7.4 percent respectively.Official sources on Wednesday ...
South Asian countries asked to develop pro-youth policies ISLAMABAD: Chief Executive Officer of Trade Development Authority (TDAP) S.M Muneer here called upon member states of the South Asian Association for Regional Cooperation (SAARC) for developing pro-youth policies to increase opportunities of education and employment for the youth to prohibit of the brain drain from the region.Addressing a seminar on "Youth and entrepreneurship challenges and prospects in South Asia", he said that Pakistan youth was blessed with enormous potential and second to non in ...
Rice export contributes $ 1.53bn in nine months ISLAMABAD: The rice export has fetched foreign exchange of US $ 1.53 billion during three quarters of previous fiscal year.During the period, rice - the second largest staple food crop and also an exportable item - was sown on an area of 28,91000 hectares showing an increase of 3.6 percent over last year area of 27,89,000 hectares.Sources at the Agriculture Division on Tuesday said the rice accounts for 3.2 percent in value added in agriculture ...
Wheat exporters desire clear export policy KARACHI: A market of 500,000 to 600,000 metric tons of wheat exists in Madagascar, Sudan and Yemen.This was stated by a delegation of the exporters of the commodity in a meeting with the Sindh Food Minister, Manzoor Hussain Wassan, here on Tuesday.The members of the delegation were of the view that if the government frame a clear policy then the surplus wheat can be exported to these countries, says an official statement.The Minister informed the ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln