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TDAP committed to ensure maximum incentives to exporters  FAISALABAD: The Trade Development Authority of Pakistan (TDAP) is determined to ensure maximum incentives and facilities to exporters. This was stated by TDAP CEO S.M. Munir while talking to a delegation of Faisalabad Chamber of Commerce & Industry (FCCI) which met him at Iqbal Rice Mills, Chiniot, on Saturday. He said that business community and industrialists have to play their proactive role to achieve the cherished objective of progress and prosperity. He acknowledged the importance of Faisalabad in national economy and said that TDAP would ensure representation of Faisalabad in important policy decisions at its level. Earlier, Engineer Suhail Bin Rashid President FCCI briefed TDAP Chief about the problems confronted by the local business community and said the government should particularly encourage the value-added sector that was playing an instrumental role in earning precious foreign exchange for the country. The meeting was also attended by former president FCCI Mian Javed ...

IP rights crucial for competitive economy: DG IPO ISLAMABAD: Director General Intellectual Property Organization (IPO) Aamir Hassan Saturday said intellectual property rights were crucial for competitive economy in the backdrop of ongoing globalization.A comprehensive strategy and action plan regarding IP rights has been finalized and sent to the Cabinet Division for approval, he said in a statement."Media can play pivotal role in raising awareness of the menace of counterfeiting and piracy affecting the rights of consumers and investors," he added.The Director General said ...
SECP undertakes strict monitoring & vigilance of corporate sector KARACHI: The Chairman Securities and Exchange Commission of Pakistan (SECP) Tahir Mahmood has said that the SECP has been remaking its Standard Operating Procedures (SOPS) and procedures to ease the regulatory compliance.He was addressing a joint press conference here on Friday to highlight the recent achievements and developments of the SECP.Commissioner Specialized Companies Division Imtiaz Haider, Commissioner Insurance Asif Arif and Commissioner Securities Market Division Zafar Abdullah were also present at the occasion.Tahir Mahmood said ...
Pakistan net foreign investment rise 6 percent KARACHI: Pakistan received $669.8 million in foreign direct investment in the first nine Month of the current 2013/14 fiscal year compared with $631 million received during the same period a year earlier.Foreign direct investment rose by 6 percent during July-March, according to the State Bank of Pakistan.In March 2014, foreign direct investment rose to $63.5 million.Net foreign direct investment in the fiscal year of 2012/13, which ended in June, was $1.456 billion. Copyright Reuters, 2014 ...
Listed companies allowed to hold meetings through videoconferencing ISLAMABAD: In order to facilitate shareholders and to ensure their participation in meetings, the Securities and Exchange Commission of Pakistan (SECP) has allowed listed companies to hold general meeting through video conferencing facility."Listed companies can hold general meetings through videoconferencing with a view to providing larger participation and lowering attendance costs for shareholders. The facility will allow shareholders residing at different locations to participate in meetings", a statement of the Commission issued here on Thursday ...
Wheat rate to be increased next year, says Bosan DERA MURAD JAMALI: Federal Minister for Food and Agricultural, Sikandar Hayat Bosan Thursday said the government would increase wheat rate next year, adding that it would purchase all quantity of wheat produced this year. He was addressing at Farmers Convention in Dera Allahyar, the district headquarters of Jaffarabad. He said, "We are aware of difficulties and problems faced by peasants. The government did not increase wheat price due to high price hike," adding that however, ...
Bosnia Ambassador for promoting trade ISLAMABAD: Bosnia enjoys quota free market access to European Union and Pakistan should promote trade relations with Bosnia for getting enhanced market share in European countries.This was stated by Ambassador of Bosnia, Nedim Markarevic while addressing business community at Islamabad Chamber of Commerce & Industry here on Thursday.He said Sarajevo Business Forum being held from May 14-15 provides a good platform to Pakistani entrepreneurs to meet with their counterparts and they should participate in that ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln