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Textile exports increases 2.94pc in April ISLAMABAD: The textile exports from the country increased by 2.94 percent in April against the exports of same month of last year.The exports of textile group in April, were recorded at $1.081 billion against the exports of $1.05 billion in April 2014, according to Pakistan Bureau of Statistics (PBS).Similarly on month on month basis the textile group exports in April also increased by 4.6 percent from $1.033 billion in March 2015 to $1.081 billion in April.The exports of textile group during first 10 months of the year 2014-15 however decreased by 1.21 percent as compared to the exports of same period of last year.The overall textile group exports during the period under review were recorded at $11.281 billion as compared to the exports of $11.42 billion in July-April (2014-15).The textile products that witnessed increase in trade included cotton carded or combed export of which increased by 2.49 percent, by going ...

FBR implemented 88.75pc decisions of Federal Tax Ombudsman LAHORE: Federal Board of Revenue, (FBR) and its field offices implemented 88.75 per cent decisions of the Federal Tax Ombudsman.According to FTO annual report 2014 published recently, FTO secretariat received a total of 1624 complaints last year compared to 1898 in 2013 of which 1548 were decided during the period under review. A total of 1374 decisions were implemented by the FBR and its field offices. The remaining were either challenged before the President of ...
Weekly inflation increases by 0.29pc ISLAMABAD: The weekly inflation for the week ended on May 28 for the lowest income group up to Rs 8,000 registered an increases of 0.29 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 203.98 points against 203.39 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with base ...
Industrial Carnival draws large number of people HYDERABAD: The Third Industrial Carnival 2015 organised by Hyderabad Chamber of Commerce and Industry (HCCI) attracted a large number of people from Hyderabad and its adjacent areas.The carnival commenced from May 21 and will end on May 30. Its aim is to promote local economy and industries, said a statement released here on Thursday.Majority of people found quiz show and other programmes most attractive and beneficial where they won prizes worth thousands rupees.Among other prizes, ...
Exports show 23pc increase after GSP Plus status: TDAP RAWALPINDI: The country's exports have registered 23 % increase after gaining GSP plus status from the European Union, said Resource Person of Trade Development Authority (TDAP) Ahmed Fasih here on Thursday.He was addressing a seminar jointly organised by Rawalpindi Chamber of Commerce and Industry (RCCI) and TDAP on "Impacts of GSP plus status on country's economy." Director General TDAP Khalid Rasool, President RCCI Syed Asad Mashahadi and a number of RCCI members attended the seminar.Dispelling ...
100 basis point cut in Policy Rate to spur business activities: ICCI ISLAMABAD: Islamabad Chamber of Commerce and Industry on Monday welcomed the 100 basis point cut in policy rate to bring it down from 8pc to 7pc and termed it a positive initiative as it will decrease cost of doing business, encourage new investment and spur better economic growth in the country.President, Islamabad Chamber of Commerce and Industry(ICCI),Muzzamil Hussain Sabri said after the recent recession, many countries made drastic cuts in policy rates to restore economic ...
APTMA for using textile industry growth potential for jobs creation LAHORE: All Pakistan Textile Mills Association (APTMA) on Monday urged the government to utilise growth potential of textile industry for employment creation. Association's Chairman S.M. Tanveer stated here that he had put forward budget proposals which also stressed the need to operationalize closed capacity by providing guaranteed uninterrupted energy supply to export-oriented textile industry at competitive rates. Fiscal incentives including zero rating tax holiday, interest support for new investments in all textile sectors should be ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln