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CM approves release of Rs 2.5bn to achieve wheat procurement target KARACHI: Sindh Chief Minister, Syed Qaim Ali Shah Thursday approved release of Rs 2.5 billion to procure 200,000 tons of wheat to achieve the procurement target."I want fair distribution of 'bardana' and small growers must be given due share."These directives he issued to Minister for Food Gianchand Israni while presiding over a joint meeting of Food and Finance departments here at CM House, said a statement on Thursday.The meeting was attended by Sindh Minister for Food Ginachand Israni, Secretary Finance Sohail Rajput and concerned senior officers of Food department.The Food Minister briefing the CM said that 836,000 tons of Wheat has been procured so far and the remaining procurement is in progress.The CM Sindh asked him about the progress of the procurement of 200,000 tons he had announced on the floor of Sindh Assembly.The Food Minister apprised the CM Sindh that the funds for more procurement are yet to be ...

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 2014 to $1.081 billion in ...
FBR collects Rs.2091bn revenues upto May 20 of current FY ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs.2091 billion upto May 20,2015 of current Fiscal Year 2014-15 against the collections of Rs.2600 billion taxes in the same period of last fiscal showing an increase of 17 percent, a senior official of the board said.Member Inland Revenues (IR) and Spokesman of the FBR, Shahid Hussian Asad told APP here on Wednesday that the FBR has performed well in tax collection with over 17 percent ...
FBR implemented 88.75pc decisions of Federal Tax Ombudsman ISLAMABAD: 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 Tuesday, 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 President of Pakistan and through ...
Mangoes starts capturing space in capital' fruit markets ISLAMABAD: Mangoes popularly known as the `King of Fruits' have started capturing space in the fruit markets of capital with its different varieties.Mangoes are usually arrived in the markets during the month of May and this delicious summer fruit is liked by the people of all ages.Pakistan is an important mango growing country in the world as soil and climatic conditions here are highly suitable for mango growth.Talking to APP, Azam Khan, a vendor said, ...
Industrial output grows 2.49pc in 9 months ISLAMABAD: The country's large scale manufacturing (LSM) sector has witnessed growth of 2.49 percent during the first nine months of current fiscal year as compared to the corresponding period of last year.The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 125.57 points during July-March (2014-15) against 122.52 points during same period of last year, according the data of Pakistan Bureau of Statistics (PBS).The highest growth of 5.23 percent was witnessed in ...
Pak importer buys 40,000 tonnes soybeans from Argentina HAMBURG: A Pakistani importer has bought about 40,000 tonnes of soybeans to be sourced from Argentina, European traders said on Monday.The soybeans were for shipment in August, they said.Copyright Reuters, 2015 ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln