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FCCI welcomes assurance of Chairman FBR to clear Refund Claims FAISALABAD: Faisalabad Chamber of Commerce and Industry (FCCI) president Engineer Rizwan Ashraf has welcomed the assurance of Chairman Federal Board of Revenue (FBR) to clear all pending Refund Claims (RC) of textile exporters by February 28. In a statement issued here on Friday, he said that huge sales tax RC up to Rs. 102 billion were pending with FBR, adding that chairman FBR would monitor the process of the payments of RCs on daily basis to ensure clearance of all claims. He also demanded that cheque for the amount of refund claim should be collected and same cheque could be returned back to the concerned exporter on completion of its export proceed. Copyright APP (Associated Press of Pakistan), 2015 ...

Pakistani importers buy about 60,000 tonnes soyoil HAMBURG: Pakistani importers have bought about 60,000 tonnes of soyoil, continuing purchases as prices fell sharply this week, European traders said on Friday.The soyoil was thought likely to be sourced in the United States, traders said.The oil was for April/May shipment and follows a separate purchase of about 4,000 tonnes of optional-origin soyoil by Pakistani importers reported on Thursday.Chicago soyoil prices fell to their lowest since December 2008 on Thursday following an announcement by the ...
Weekly inflation down 0.36pc ISLAMABAD: The weekly inflation for the week ended on January 29 for the lowest income group up to Rs 8,000 registered a decrease of 0.36 percent as compared to the previous week.The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 200.71 points against 201.43 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with base ...
SECP to notify regulatory framework for issuance of sukuk ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) shall notify regulations for issuance of sukuk by the corporates soon for developing the capital market and to facilitate fund raising through Sharia- compliant financial products.A statement issued by SECP here Thursday said that the draft regulations were earlier notified to solicit public comments. Currently, sukuk are issued as an instrument of redeemable capital under Section 120 of the ordinance, mainly through private placements.Beside Section 120, no ...
Fodder grown in Kinnow gardens detrimental for crop SARGODHA: Chief Executive Punjab Agricultural Research Board Dr Noor Islam has warned that the cultivation of fodder or other crops in the Kinnow gardens is extremely dangerous for the growth of Kinno crop.Addressing a seminar titled 'Come to save Gardens' at Citrus Research Institute on Thursday, Chief Executive agriculture said that initial spray of board mixture was must for kinno plants.On the occasion the experts gave advices to the cultivators for the prevention of diseases ...
MCCI appreciates cut in interest rate by SBP MULTAN: Multan Chamber of Commerce and Industry (MCCI) hailed cut in interest rate by State Bank of Pakistan (SBP). In a statement issued here on Monday, MCCI president Mian Iqbal Hassan said that cut in the interest rate would help boosting trade in the country. He said that export, production would enhance while industries would revive by this step of central bank. Copyright APP (Associated Press of Pakistan), 2015 ...
Exports of value added products witnessed significant increase ISLAMABAD: Minister for Commerce, Engineer Khurram Dastgir Khan here on Monday said that exports of value added products from the country witnessed significant increase during the current financial year as against the exports of raw material.In a statement issued by the Ministry of Commerce, the minister said that due to the prudent policies of government and successful economic diplomacy the exports of value added products from the country increased which was a healthy sign for ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln