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Mobile phone imports increase by 15.86pc in 11 months ISLAMABAD: Mobile phone imports in Pakistan have increased by 15.86 % in first eleven months of fiscal year 2014-15 and reached US $ 653.808 million.The mobile phone exports were US $ 564.293 million in same period last year.As per figures issued by Pakistan Bureau of Statistic, on year on year and month on month basis, the mobile phone imports into the country increased by 20.72% and 3.27% as compared to imports in May 2014 and April 2015 respectively.Phone imports during May 2015 were US $ 58.033 million as compared against imports of US $ 48.072 million in May 2014 and US $ 56.194 million in April 2015.Overall telecom imports also saw increase of 10.37% during July to May 2014-15 as compared to same period last year. Total imports were recorded at US $ 1.265 billion as compared to US $ 1.146 billion in same period last year.Similarly, on year on ...

Businessmen urged to explore business in CARs RAWALPINDI: The business community on Tuesday was urged to explore business opportunities in the Central Asian Republics (CARs) as vast avenues are lying unexplored in the region."The businessmen should concentrate more on exploring vistas for business in the CARs", said President Rawalpindi Chamber of Commerce and Industry (RCCI) Syed Asad Mashadi said addressing a meeting of the chamber here.Mashadi pointed out that strategic location of Pakistan needs be utilized for expanding and strengthening of the ...
Philippine opens quota of 50,000 metric tons rice from Pakistan KARACHI: Phillipine has given a share to Pakistan and offered to import 50,000 metric tons rice from the South Asian country. According to details, Philippines' The National Food Authority (NFA) has invited its private sector to participate in import of an aggregate volume of 805,200 metric tons of rice under the minimum access volume (MAV) for this year. The total import volume comprises 755,200 Mt of country-specific quota (CSQ) and 50,000 MT of omnibus origin ...
Mobile phone imports up by 15.86pc in 11 months ISLAMABAD: The mobile phone imports into the country increased by 15.86 percent during first 11 months of the year 2014-15 over the same period of last year.The imports of mobile phones into the country during July-May (2014-15) were recorded at $653.808 million against the imports of $564.293 million during same period of last year, according to the data of Pakistan Bureau of Statistics (PBS).On year on year and month on month basis, the mobile phone ...
ICCI for strong anti-smuggling measures to boost local industry ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday called upon the authorities to take strong anti-smuggling measures as rising phenomenon of smuggling was undermining the local industry and causing harmful consequences for the national economy.President Islamabad Chamber of Commerce and industry (ICCI) Muzzamil Hussain Sabri said that national exchequer was reportedly losing around Rs.120 to 150 billion annually due to smuggling of many items.He stressed upon the government to pay urgent attention to ...
Envoy invites Osaka businessmen to explore Pak sports goods market ISLAMABAD: Pakistan's ambassador to Japan, Farukh Amil met the senior officials of Mizuno Corporation on Monday in Osaka and invited them to visit Sialkot for exploring potential of sports goods market for cooperation between the two countries.During his meeting with representative director of Mizuno Corporation Masaharu Kato and the top executives of the company, he apprise them of the potential of sports goods production in Pakistan.He invited them to visit Sialkot in particular where they ...
Govt to enact new Geographical Indication Law for indigenous Pakistani products: Khurram ISLAMABAD: Minister for Commerce, Engr. Khurram Dastgir Khan said Thursday that the Ministry would enact a new Geographical Indication Law to bring distinction to indigenous Pakistani products."Geographical Indication law and the registration of products at domestic and international level will give international recognition to the Pakistani products which have some unique attributes associated with them", he said in a statement issued by the Ministry of Commerce here.The Minister said that Geographical Indications are place names ...


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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln