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Pakistan buys about 50,000 T soybeans from United States HAMBURG: Pakistani importers have bought about 50,000 tonnes of soybeans from the United States, an unusual transaction that could signal a move away from canola and soymeal buying to more soybean imports, European traders said on Monday.The purchase was made for February 2015 shipment from the U.S. Gulf, traders said."Pakistani oilseed crushers are starting to calculate that the profit margins of importing soybeans are more attractive than importing canola (rapeseed)," a European trader said. "Soybeans have a larger meal yield than canola and this would enable some of Pakistan's strong demand for soymeal for animal feed to be met with local production."Pakistan currently makes large imports of soymeal, especially from neighbouring India, and also buys from Argentina.It imports canola from Canada and Australia as well, and rapeseed from the Black Sea region."The higher meal yield of soybeans make the bean imports more attractive and I expect that Pakistan will import ...

Rice export increases 8.32pc in five months ISLAMABAD: Rice exports from the country during first five months of current financial year registered an increase of 8.32 percent as compared to the same period of last year.During the period from July-November, 2014 about 1,303,644 metric tons of rice worth $738.602 million exported which witnessed an increase of 8.32 percent as compared to the exports of corresponding period of last year.According the data released by Pakistan Bureau of Statistics, rice exports during the first ...
Weekly Inflation down by 0.04pc ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on December 18 for the lowest income group up to Rs. 8,000 registered decrease of 0.04 percent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 203.45 points against 203.37 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 ...
Pak-China trade volume touches $12.8bn mark in 10 months: Envoy ISLAMABAD: Chinese Ambassador Sun Weidong Wednesday said trade volume between Pakistan and China was registered at $ 12.8 billion during the last 10 months, showing 10 percent increase than the corresponding period of last year.Addressing students and faculty members during his visit to the National University of Science and Technology (NUST), he said that Pak-China relations were an example for the other countries. "Our friendship is stronger than iron friendship and it's based on mutual ...
Government allows sugar mills to export 500,000 MT ISLAMABAD: The Government has allowed sugar mills to export 500,000 MT sugar as per the terms and conditions.Accordingly, the State Bank of Pakistan has advised authorized dealers (ADs) to process the export of sugar cases as per following mechanism.The ADs will forward the requests of Sugar Mills through their respective Departmental /Business/Group Heads to the Director, Exchange Policy Department, State Bank of Pakistan, Karachi for approval quoting the reference of the circular letter along with ...
Govt will protect interests of sugar sector: Dar ISLAMABAD: Finance Minister Ishaq Dar on Sunday said that the government will protect the interests of sugar consumers, mills and sugarcane growers.In a statement here, he directed the committee on issues of sugar producers to finalize its suggestions within three days to give relief to the sugar mill owners.The committee comprises senior representatives of the Ministry of National Food Security, Ministry of Commerce, FBR and the Pakistan Sugar Mills Association.The Minister said that a balance ...
LPG marketing companies accused of indulging in black marketing, artificial shortages ISLAMABAD: President Liquified Petroleum Gas (LPG) Distributors Association Irfan Khokhar on Saturday appealed to the government, Ministry of Petroleum and Natural Resources and OGRA to take strict action against black marketing, illegal profiteering and violation of rules by LPG marketing companies.In a statement, he said LPG marketing companies made an unjustified increase of Rs 20 per kg in LPG prices while domestic cylinder prices were raised by Rs 250 and those of commercial cylinder by ...


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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
WeeklyDecember 22, 2014
Reserves $14.042 bln