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Rs558mn to be spent for vegetables, pulses produce MULTAN: A sum of Rs558.87 million will be spent under two projects for increasing the produce of vegetables and pulses in Punjab.An amount of Rs410.87 million will be spent on the project to enhance vegetables production while another Rs148 million for pulses, assistant director agriculture information Naveed Asmat Kahlon said in a meeting with progressive growers on Tuesday.The project for vegetables production, besides others, would mainly focused on enhancing production of potato, garlic, tomato and chilli.Kahlon said that vegetables and pulses are an important part of our daily menu and launch of the project to increase their production would not only help bring food security but would also cut our bill on import of these items.The two projects would help, to some extent, meet the food requirements of the growing population, he added.Kahlon said that the pulses project was launched because most of the growers consider pulses unimportant and usually ...

S. M. Munir nominated as member BoD EPZA KARACHI: Prominent leader of the business community, S. M. Munir has been nominated as Member, Board of Directors of Export Processing Zone Authority (EPZA).A notification has been issued by Federal Ministry of Industries and Production that Chief Executive, TDAP S. M. Muneer has been given additional responsibilities as member Board of Directors EPZA, said a statement issued on Tuesday.President, Karachi Industrial Alliance, Mian Zahid Hussain, President KATI, Syed Farukh Mazhar, and others have congratulated S. ...
Services trade deficit up by 56.48pc in 11 months ISLAMABAD: Services trade deficit during first 11 months of fiscal year 2013-14 has increased by 56.48 per cent with 20.83 per cent decrease in their exports and negative growth of 7.33 per cent in imports against last year.However, on year-on-year basis, the services trade deficit decreased by 127.93 per cent in May 2014 when compared to that in the same month of last year, according to the latest data of Pakistan Bureau of Statistics (PBS).According ...
FPCCI supports privatization of bleeding SOEs ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has lauded the decision of the government to sell shares of different bleeding state owned entities (SOEs), including Pakistan International Airlines (PIA) with management control."Privatization is an integral part of the on-going process of economic reforms, which must be carried out very cautiously," said Naima Ansari, Vice President FPCCI, speaking to the business community here.She said sale of shares and transfer of management control ...
Weekly Inflation goes up ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on July 17 for the lowest income group up to Rs. 8,000 registered increase of 0.34 percent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 206.68 points against 205.97 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with base 2007-2008=100, covering ...
Fish exports increase 15.25 percent ISLAMABAD: The exports of fish and fish preparations witnessed increase of 15.25 percent during the first eleven months of the fiscal year 2013-14 compared to the corresponding period of last year.The exports of fish and fish preparations during July-May (2013-14) were recorded at $335.732 million against the exports of $291.301 million in July-May 2012-13, according to the data of Pakistan Bureau of Statistics (PBS).Meanwhile, on year-on-year basis, the seafood exports from the country increased by ...
Exports of sports goods increase by 7.49pc ISLAMABAD: Recently ended fiscal year recorded an increase of 7.49 per cent in the exports of sports goods whereas it increased by 50.83 per cent in May 2014 over May 2013.The data released by Pakistan Bureau of Statistics (PBS) showed that the sports goods worth $324.697 million were exported during July-May (2013-14) compared to the exports of $302.082 million in July-May (2012-13).The major contribution in rise of sports goods are footballs, which increased by 36.12 ...


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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