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Weekly inflation goes down ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on November 6 for the lowest income group up to Rs 8,000 registered decrease of 0.04 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 207.19 points against 207.28 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 decreased by 0.36 per cent as it went down from 214.90 points in the previous week to 214.13 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 increase of 0.39 percent.As compared to the last week, the ...

Traders leaders pin hopes on PM's visit to China LAHORE: Top business leaders and traders on Saturday said that Prime Minister Nawaz Sharif's visit to China would help Pakistan to bring Chinese investment worth billions of dollars in different sectors which would help strengthen the national economy.Chief Executive Trade Development Authority Pakistan S.M. Munir, President Federation of Pakistan Chambers of Commerce and Industry, (FPCCI) Zakaria Usman, Chairman United Business Group and VP SAARC CCI, Iftikhar Ali Malik and presidential candidate for FPCCI Muhammad Adress ...
ICCI honors former Squash Head Coach for his great services ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) on Friday honored the former Pakistan Squash Team Head Coach Jamshed Gul Khan for his matchless services for the promotion of squash in Pakistan.Speaking at a ceremony held in honor of Jamshed Gul Khan, M. Shakeel Munir, Acting President, Islamabad Chamber of Commerce and Industry lauded services of Jamshed and described him one of the best coaches the country had produced in recent times, said an ICCI ...
Cooking oil, steel prices likely to be reduced KARACHI: Ghee, cooking oil and steel prices are likely to be slashed in a couple of days because of the considerable reduction in the petroleum prices by the Federal Government.This was stated by Atif Ikram Shaikh, the chairman of the Pakistan Vanaspati Manufacturers Association and Managing Director Mujahid Steel Re-rolling Industry.Talking to APP here on Thursday, Atif Ikraam Shaikh lauded the recent cut in petroleum prices and termed it a positive step.He said that meetings ...
Pakistan sugar producers seek govt okay to export 1.5mn ton sugar ISLAMABAD: Pakistan's sugar producers have asked the government to allow exports of up to 1.5 million tonnes of sugar to compete with India, which is extending incentives for exports of the sweetener.The country's mills are struggling to process sugar and sell it domestically because of a bumper crop, but would be shipping into a global market already burdened by oversupply."Today we had a meeting with the commerce secretary during which we requested the government to ...
Government announces support price of wheat at Rs 1300 per 40 kg ISLAMABAD: The federal government here on Saturday announced support price of wheat at Rs 1300 per 40 kilogram.In this regard, Finance Minister, Mohammad Ishaq Dar in his capacity as Chairman Economic Coordination Committee of the Cabinet (ECC), has approved support price of wheat at Rs 1300 per 40 kg for the crop year 2014-15.Finance Minister in his brief remarks said that this decision had been taken to facilitate the farmers' community in the country, a ...
Imported LNG will bring happiness in people's life ISLAMABAD: Senior analyst Nawaz Raza has said that 1100 megawatts electricity can be generated through imported LNG and resultantly the problem of power outage could be addressed to some extent.Talking to Radio Pakistan, he said there is a yawning gap between supply and demand of the petroleum products therefore prices of oil are high; however, government is committed to addressing this issue and the energy crisis too.He said that people should pay electricity and gas ...


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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