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Ministry to facilitate Textile industry for enhancing capacity ISLAMABAD: The Ministry of Textile Industry has embarked upon a plan to get on board all stakeholders to comprehensively execute the textile policy and revisit the concern of industries to facilitate them for enhancing their capacity in order to boost exports.The meeting of Federal Textile Board (FTB) will be held soon to discuss the issues being faced by industrialists and the ministry to addresses these issues, an official of Ministry of Textile Industry said while talking to the APP here on Thursday."Value addition is top priority of the government in textile sector to double the exports in the sector for the economic revival of Pakistan," he said.He stressed the need for formulating a comprehensive and long-term policy adding that both the government and industry were committed to fully exploiting the potential of all related sectors of textile aiming at to boost its exports for benefit of the country.He said the ...

FBR clarifies it has not taken any advance from banks ISLAMABAD: The Federal Board of Revenue (FBR) Thursday rejected some reports in the press which stated that FBR was collecting advance from banks and paying 15 percent markup on it to add to its revenue collection.It is hereby clarified that the FBR has not taken any advance from the banks and compensation is being paid in only those cases where Appellate Tribunal, High Court and Supreme Court have set aside demand created and collected by ...
Pak set to meet bumper white gold production as arrivals reach 14.7 million bales MULTAN: Country's white gold production may touch the highest mark since 1947 as arrivals of seed cotton (Phutti) at ginneries across Pakistan reached 14.7 million bales till Mar 1, 2015 with picking of cotton was still in progress.The year 1991-92 was the first cotton season when country had witnessed a bumper yield of just over 12.8 million bales, a record that was broken in 2005 and in 2012 when production crossed 14 million bales of ...
China to import $4 to 5 million jewellery from Pakistan KARACHI: Gems and Jewellery Trade Association of China (GJTAC) here signed memorandum of understanding (MoU) with All Pakistan Gems and Jewellery Association (APGJA for import of jewellery and gems from Pakistan valuing dollars 4 to 5 million.The MoU, signed at Expo Centre Karachi on Friday, the second day of 9th ExpoPakistan 2015, is aimed at promoting Pakistan's gems and jewellery in China and for transfer of technology to Pakistan by providing modern machinery for precious ...
Govt urged to pay ST refund immediately KARACHI: Chief Executive Trade Development Authority of Pakistan (TDAP) S.M.Muneer has said that the business community can convert the mud into gold as Pakistan is very rich in natural resources. Situation is improving, however the government shall have to support the businessmen.Speaking at the first International Textile Conference & Awards 2015 here on Saturday, he urged the government to refund the sales tax (ST) to the businessmen without further delay."If the government refunds this amount ...
Up to $7mn fruits, vegetable exports orders expected from Expo KARACHI: Five to seven million dollars import orders for fruits and vegetable are expected to be received before the end of 4-day 9th Expo Pakistan 2015 that began on Thursday last at Expo Centre Karachi.Waheed Ahmed, Chairman, FPCCI Standing Committee on Fruits and Vegetable Exports, and Co-chairman, All Pakistan Fruits and Vegetable Importers, Exporters and Merchants Association talking to APP at the Expo on Friday said that fruits and vegetable exports have increased 15 percent ...
Weekly inflation down by 0.48pc ISLAMABAD: The weekly inflation for the week ended on February 26 for the lowest income group up to Rs. 8,000 decreased by 0.48 percent as compared to the previous week.The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 198.87 points against 199.82 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 ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln