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'Business community plays pivotal role in textile industry' FAISALABAD: Faisalabad Chamber of Commerce and Industry (FCCI) president Engineer Rizwan Ashraf said on Sunday said the business community played a pivotal role in making the city a hub of textile industry. Addressing a seminar organized by Rastgar on Compressed Air for Economy and Efficiency, he said the business community, engineering and allied sectors had to work hard to develop a strong industrial base and due to their collaborated efforts the city was internationally known.He paid the best tributes to Imtiaz Rastgar of Rastgar Company and said he played a key role in introducing modern engineering technologies in local industry. Imtiaz Rastgar, in his address, said Faisalabad had been put on a way to progress and prosperity.Copyright APP (Associated Press of Pakistan), 2015 ...

TDAP apprises NA body of reasons for drop in exports KARACHI: National Assembly Standing Committee on Commerce here Friday visited Trade Development Authority of Pakistan (TDAP) and the MNAs were briefed about the issues being faced by the exporters; leading to decrease in exports in fiscal year 2014-15.TDAP's Chief Executive Officer (CEO) S.M.Muneer informed the NA Committee that both electricity and gas crisis in the country badly affected the manufacturing process.He also pointed out that water shortage created by water mafia in the city has ...
Gwadar Port to be connected with railway network ISLAMABAD: Pakistan Railways is focussing on connecting Gwadar Port with railways network and establishing new dry port at Havelian to generate revenues.The government is committed to make Pakistan Railways a profitable organization and a number of steps are being taken in this regard, an official in the Ministry of Railways told APP.Pakistan Railways is involving private parties in commercial management of four passenger carrying trains and cargo express trains, he added.He said right mix of ...
Growers issued cotton picking guidelines MULTAN: Agriculture experts have issued a set of guidelines to farmers for picking of clean cotton to enable them earn good profit.Agriculture spokesman said in a statement on Thursday that good quality cotton can be obtained to attract premium price provided that farmers strictly follow guidelines from picking to transportation and ginning process.Farmers should start picking cotton only when bolls are completely open as fibre in partially opened bolls can have its colour affected after ...
APTMA vows to enhance textile exports ISLAMABAD: All Pakistan Textile Mills Association (APTMA) and other associations of textile industry wanted to enhance their exports provided government extends support and create conducive environment in this regard."We are committed to enhancing the country's exports of textile products which had decreased by 1.76 percent in pervious fiscal year (2014-15)",Vice Chairman APTMA-Punjab Region Sheikh Muhammad Akbar told APP on Monday.He said that APTMA has reposed full confidence in the policies of the government and specially ...
ICCI for constructing new dams ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has urged the government for focusing on the construction of more dams, especially in flood-prone areas to cope with flash floods and generating cheap energy.In a statement on Monday ICCI President, Muzzamil Hussain Sabri, said that devastating floods due to recent rains have highlighted urgent need of constructing more dams and water reservoirs in the country.He said due to lack of dams and water reservoirs country has ...
Date for ST, FED return extended to August 21 ISLAMABAD: Federal Board of Revenue (FBR) has extended the date for submission of Sales Tax and Federal Excise return up to August 21 2015 for the tax period July, 2015 for all registered persons.The extension has been granted under section 74 of Sales Tax Act, 1990 and Section 43 of the Federal Excise Act 2005, according to statement issued by FBR.However, it is clarified that there will be no change in the date of payment ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln