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ICCI lauds energy agreement among SAARC member countries ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) on Friday welcomed the signing of an agreement among Saarc member countries to allow the cross-border energy trade and termed it a positive development."That would prove beneficial for the power-starved countries of the region including Pakistan."Acting President ICCI M. Shakeel Munir said that South Asia was energy deficient region and enhancing energy cooperation among Saarc countries was a healthy move as it would allow power supply from surplus countries to deficient countries and contribute positively to promoting intra-regional trade as well, said a press release.He said that rising energy crisis in South Asian countries have resulted into serious implications for their economies including slowing down of economic development, hurting industrial productivity, increasing inflation, deepening poverty and causing social instability in the region.Acting President ICCI said that it was the need of the hour that South Asian countries should take initiatives to complement ...

Wheat price be fixed at Rs1500 per maund: Kissan board FAISALABAD: Kissan Board has urged the government to fix wheat's support price at the rate of Rs 1500 per maund (slightly less than 40 kg).In a statement issued here Thursday, Kissan board's district president Mian Rehan ul Haq advocate said that Rs 1300 per maund support price fixed by the government is quite low as prices of inputs including electricity, fertilizers, seed and pesticides soared during this period.Due to such factors wheat growers are unable ...
Citizens advised to seek price lists for food, fruit, vegetable KARACHI: Commissioner Karachi, Shoaib Ahmad Siddiqui has urged the citizens to demand officially approved price lists from all shopkeepers and stall vendors visited by them for purchase of food items.Talking to APP Thursday, he said the administration is conscious of reported rise in the cost of different vegetables in the local markets, despite the fact that these are in-season and there ought to be no shortage of the same."Adequate measures are being taken to ensure ...
Jobs for Metro Bus Service announced ISLAMABAD: Punjab Metrobus Authority has announced jobs for Rawalpindi Islamabad Metro Bus System being launched in the twin cities by January 30, 2015.According to a statement issued here on Wednesday, the authority has sought applications from the eligible candidates for various cadres for a period of three years on contract basis.The authority has asked interested candidates to apply at by December 10.A spokesman of the authority said that applicantions received after due date and ...
President for speedy construction of dry port in Sargodha ISLAMABAD: President Mamnoon Hussain on Tuesday stressed for construction of a dry port and establishment of an industrial estate in Sargodha for enhanced economic activities in the city.Talking to a delegation of Sargodha Chamber of Commerce and Industry here at the Aiwan-e-Sadr, the President called for speedy measures to construction of the dry port to increase the export of Kinnow abroad.He asked the Sargodha Chamber of Commerce to finalize the feasibility report of dry port ...
IDEAS-2014 to boost economic progress KARACHI: The IDEAS-2014 will help boost economic progress as new orders other than the traditional ones are expected to be received owing to a higher number of delegates participating in the event from African countries this time.In a meeting with Sindh Governor Dr. Ishratul Ebad Khan at the Governor House here on Monday, a delegation of the IDEAS-2014 organisers also said that the event to be organised between December 02 and 04, will promote not ...
SECP committed for developing Islamic financial sector ISLAMABAD: In order to develop a robust takaful sector, the Securities and Exchange Commission of Pakistan (SECP) has allowed M/s SPI Insurance Company Limited, formerly known as Saudi Pak Insurance Company Limited, to start window takaful operations.The initiative would help meet the risk mitigation needs of the masses and develop the Islamic financial sector, said SECP press statement issued here.Previously, two conventional insurance companies were allowed to transact takaful business through window operations.Now the takaful ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln