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Farmers asked to be vigilant against cotton bugs MULTAN: Agriculture experts have advised growers to be vigilant of dusky cotton and red cotton bugs and asked them to consult experts for their in timely control in the cotton belt, particularly from September to November.Timely control on the two bugs is vital to get enhanced production of good quality cotton, agriculture department said in a statement. The bugs not only suck juice from flowers and bolls but also leave dark spots on lint compromising its quality.A agriculture spokesman said the country faced loss worth billions of rupees every year due to production of low quality cotton and added that timely pest control was also necessary in addition to clean picking of cotton, clean storage and proper transportation arrangements to get good quality fibre.Explaining how dusky cotton bug and red cotton bug damage the crop, experts said that adult and pupae of the bugs suck juice from green bolls by ...

FPCCI warns against implications of civil disobedience call KARACHI: Federation of Chamber of Commerce and Industry (FPCCI) is against any call made for civil disobedience as it can have its severe implications on the national economy with direct bearing on the lives of citizens themselves.FPCCI President, Zakaria Usman in a statement on Monday said any attempt to encourage citizens from not paying their utility bills and taxes or asking them to keep on hold their business would further compromise the economy.He said the ...
FPCCI President calls for revival of American GSP status for Pakistan KARACHI: President FPCCI, Zakaria Usman Friday called for the revival of American GSP status to Pakistan; realizing that Pakistan has been playing a front-line role in the war against terrorism and facing serious social and economic problems." GSP status has been expired for a long time and we are still waiting for its revival," he said during a meeting with Chad Peterson, Political and Economic Chief of US Consulate General here at the Federation House, ...
Meezan Bank selects Systems Limited for the implementation of Enterprise Service Bus KARACHI: Systems Limited, an IBM business partner and the region’s premier software house, has been appointed by Meezan Bank, which is Pakistan's first and largest Islamic bank,for the implementation of IBM Integration Bus. With this implementation, Meezan Bank would be able to extensively capitalize on their existing IT investments at remarkably low costs while enhancing business stability and increasing productivity.A formal signing ceremony between Systems Limited and Meezan Bankwas held in July at the bank’s ...
Private sector credit off-take rises to Rs320bn from Rs144bn ISLAMABAD: The private sector credit off-take has increased from Rs. 144 billion to Rs. 320 billion during 2013-14 as more private investment would create more job opportunities.As part of its measures being adopted to reduce unemployment in the country, the government is pursuing fiscal consolidation policies to lower burden on financial resources of banking system and create space for the private sector investment.Highlighting the other measures, sources at Ministry of Planning, Development and Reforms on ...
FPCCI urges politicians to shun differences in national interest KARACHI: President of Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Zakaria Usman on Thursday urged the politicians to overcome their differences in the larger interest of the country.Addressing the flag hoisting ceremony at Federation House here on the 68th Independence Day, he said the country was faced with different economic, social and political problems with direct bearing on the lives of the masses.This, he said must not persist and politicians, being vital stakeholders, ...
Business community fears billion of loss due to August 14 marches ISLAMABAD: The business community has feared that Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) scheduled marches on August, 14 in the federal capital would adversely affect their business.The business community expressed concerns over the frequent processions and demonstrations that disturbed normal civic life in the twin cities of Islamabad and Rawalpind.Wasim Khan, a businessmen said that the leaders of political parties must ensure that commercial activities are not disrupted, adding that they also must ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln