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Weekly Inflation up 0.19pc ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on July 24 for the lowest income group up to Rs. 8,000 registered increase of 0.19 percent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 207.07 points against 206.68 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 17 urban centers and 53 essential items for all income groups and combined.The SPI for the combined group increased by 0.15 per cent as it went up from 215.7 points in the previous week to 216.03 points in the week under review.As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed increased of 7.52 percent.As compared to the last week, the SPI for the ...

SECP seeks comments to amend Credit Rating Companies Rules ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has revised the existing Credit Rating Companies Rules, 1995, for better governance of the credit rating agencies (CRAs).The draft rules have been notified in the official gazette vide SRO. No 642(I) 2014 to elicit public comments.The rules are also available on the SECP's official website (www.secp.gov.pk) for review and comments by the public, says a statement issued by the commission here Thursday.The CRAs play an important ...
FBR for dispute resolution committee to resolve tax issues ISLAMABAD: The Federal Board of Revenue (FBR) Thursday said that it would not take any measures that might create harassment in the business community, urging businessmen to cooperate with tax department for improving the tax revenue of the country."Communication gap between FBR and the taxpayers is the main hurdle in improving tax revenue and a Dispute Resolution and Advisory Committee comprising representative of FBR and ICCI should be formed to resolve tax issues amicably," Syed ...
FPCCI reposes confidence in prudent economic policies of PM ISLAMABAD: Federation of Pakistan Chamber of Commerce and Industry, (FPCCI), an apex body of chambers in the country Thursday reposed confidence in prudent economic policies of Prime Minister Nawaz Sharif to put country on track leading to progress, prosperity and development.FPCCI Chief Zakaria Usman told APP that "we all office bearers of the federation, the presidents of its affiliated chambers and their attached trade associations are grateful to Prime Minister for acceding to their legitimate ...
Industrial Zones Face Load-shed During Sehr & Iftar: KE Spokesman KARACHI: K-Electric in its press statement has clarified its position after a news report was published regarding load-shed in the industrial area of SITE.According to the press statement, Karachi’s demand has hit a mesmerizing 3,000 MW which is a record high, and in order to cater the growing needs of the commercial and residential consumers especially during the holy month of Ramadan, the industrial zones face load-shed only during the peak Sehr & Iftar time.Giving ...
Cotton production target to be achieved: KCBF chairman KARACHI: Karachi Cotton Brokers Forum (KCBF) Chairman Naseem Usman has expressed his confidence that the cotton production target of 15.10 million bales for the next season (2014-15) will be achieved due to increase of over 300,000 acres cultivation area for the crop.Talking to APP, Naseem Usman said that the government's conducive policies had put the economy on the right track.He lauded the federal government's efforts to overcome electricity shortages. He said viable power projects initiated ...
Pakistani importers buy 35,000 T Black Sea sunflower seed HAMBURG: Pakistani importers have purchased about 35,000 tonnes of sunflower seed to be sourced from the Black Sea region, excluding Bulgaria, European traders said on Wednesday.It was purchased at about $430 a tonne c&f with 44 percent oil content for October shipment, traders said.Bulgaria has suffered heavy rain this summer, which may have damaged some crops, analysts say. Traders said they believed the sunflower seed bought by Pakistan would be sourced in Romania.Pakistani importers previously ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln