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ECC allows TCP to sell balance cotton stock procured in 2014-15 ISLAMABAD: The Economic Coordination Committee of Cabinet (ECC) Wednesday allowed Trading Corporation of Pakistan (TCP) to sell balance cotton stock procured in 2014-15.The ECC, which met here under the chairmanship of Minister for Finance Senator Mohammad Ishaq Dar, also approved two-month salaries for Pak Steel Mills employees.Approval was also accorded by the meeting for pending payment to transportation company concerned on account of supply of wheat to Afghanistan.The ECC further approved the Government of Pakistan (GoP) guarantee for raising of Rs 100 billion through launch of Sukuk for Neelum Jhelum.The meeting allowed WAPDA to raise commercial financing of Rs 144 billion for Dasu-I from local banks through conventional/Islamic mode of financing.The ECC also gave go ahead to the Ministry of Petroleum and Natural Resources for establishment of subsidiaries for import and handling of LNG. Copyright APP (Associated Press of Pakistan), 2015 ...

PAC refers Evacuee Trust Property's case to NAB ISLAMABAD: The Public Accounts Committee on Tuesday referred Evacuee Trust Property Board`s case to National Accountability Bureau, pertaining to award of work for construction of Parking Plaza at Lahore for probe.The Meeting was chaired by Dr Azra Afzal Pechuho and reviewed the audit paras of Ministry of Religious Affairs and Interfaith Harmony (Evacuee Trust Property Board) for the fiscal year 2010-11.During the meeting, DG audit briefed the committee that Evacuee Trust awarded work for construction ...
US diplomat briefs shipping companies on US visa procedure KARACHI: Pakistan National Shipping Corporation (PNSC) arranged a briefing for the shipping companies by US Vice Consul General James Allman Gulino about the procedure to get US visa.Economic Officer of the US Consulate in Karachi, D. Richard Rasmussen, PNSC's Chairman Arif Elahi, PNSC's Executive Director, Brig Rashid Siddiqi, the Director Ports and Shipping, owners of private shipping companies and their representatives attended the briefing, said press release here on Tuesday. James Allman Gulino, speaking on ...
FBR aiming at 1.8 million filers within year ISLAMABAD: Federal Board of Revenue (FBR) is close to achieving target of 1 million filers of tax returns while efforts are afoot to take the figure to 1.8 million within a year.This was stated by Member Inland Revenue Policy Rehmatullah Wazir while briefing officers of National Defence University (NDU) during a visit to FBR.Member Customs, FBR Nasir Masroor Ahmed also spoke on the occasion and gave the visiting officers an overview of the roles and ...
Wheat exports post 100pc increase in four months ISLAMABAD: Wheat exports from the country during first four months of current financial year registered 100 percent increase as compared to the corresponding period of last year.About 1,061 metric tons of wheat were exported during the period from July-October, 2015 and earned US$ 0.220 million, said data of Pakistan Bureau of Statistics here Tuesday.Meanwhile, exports of rice also witnessed 10.78 percent increase during the period under review as compared to same period of last year ...
ICCI for enhancing oil storage capacity ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday called for increasing petroleum storage capacity in the Gilgit-Baltistan (GB) to ensure uninterrupted operations and early completion of the economic corridor and mega projects.President ICCI, Atif Ikram Sheikh called for boosting GB petroleum storage capacity by 1000 percent which could help masses as well as armed forces in case of an emergency.Talking to a group of businessmen from Gilgit-Baltistan, he said that oil supply to ...
FPCCI appreciates 'TDAP for holding record number of 100 single country expos in a year' LAHORE: President Federation of Pakistan Chamber of Commerce and Industry Muhammad Adrees Sunday lauded the Trade Development Authority of Pakistan (TDAP) for successfully holding a record number of 100 single country expos in foreign countries to promote Pak products and attract foreign investors to Pakistan.Talking to APP, he said TDAP Chief Executive SM Muneer organised a total of 118 expos of which 100 in foreign countries. He said during the foreign expos, a majority of ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln