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Inflation at lowest rate in 12 years ISLAMABAD: Consumer Price Index (CPI) based inflation rate during the year 2014-15 witnessed an increase of 4.53 percent as compared to same period of last year which is the lowest in 12 years.On year-on-year basis, the CPI inflation increased by 3.16 percent in June, 2015 as compared to same month of last year.Similarly on month on month basis the CPI based inflation increased by 0.62 percent in June as against May, 2015, Asif Bajwa, Chief Statistician Pakistan Bureau of Statistics (PBS) said in a press briefing here on Wednesday.He said the PBS collects the retail and the wholesale price and computes the CPI, Wholesale Price Index (WPI) on monthly basis and Sensitive Price Indicator (SPI) on weekly basis.In June, 2015 the CPI, WPI and SPI were increased by 0.62 percent, 1.18 percent and 0.99 percent respectively, he added.The food items that witnessed increase in the prices during the month over ...

Mobile phone imports increase by 15.86pc in 11 months ISLAMABAD: Mobile phone imports in Pakistan have increased by 15.86 % in first eleven months of fiscal year 2014-15 and reached US $ 653.808 million.The mobile phone exports were US $ 564.293 million in same period last year.As per figures issued by Pakistan Bureau of Statistic, on year on year and month on month basis, the mobile phone imports into the country increased by 20.72% and 3.27% as compared to imports in May 2014 and ...
Businessmen urged to explore business in CARs RAWALPINDI: The business community on Tuesday was urged to explore business opportunities in the Central Asian Republics (CARs) as vast avenues are lying unexplored in the region."The businessmen should concentrate more on exploring vistas for business in the CARs", said President Rawalpindi Chamber of Commerce and Industry (RCCI) Syed Asad Mashadi said addressing a meeting of the chamber here.Mashadi pointed out that strategic location of Pakistan needs be utilized for expanding and strengthening of the ...
Philippine opens quota of 50,000 metric tons rice from Pakistan KARACHI: Phillipine has given a share to Pakistan and offered to import 50,000 metric tons rice from the South Asian country. According to details, Philippines' The National Food Authority (NFA) has invited its private sector to participate in import of an aggregate volume of 805,200 metric tons of rice under the minimum access volume (MAV) for this year. The total import volume comprises 755,200 Mt of country-specific quota (CSQ) and 50,000 MT of omnibus origin ...
Mobile phone imports up by 15.86pc in 11 months ISLAMABAD: The mobile phone imports into the country increased by 15.86 percent during first 11 months of the year 2014-15 over the same period of last year.The imports of mobile phones into the country during July-May (2014-15) were recorded at $653.808 million against the imports of $564.293 million during same period of last year, according to the data of Pakistan Bureau of Statistics (PBS).On year on year and month on month basis, the mobile phone ...
ICCI for strong anti-smuggling measures to boost local industry ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday called upon the authorities to take strong anti-smuggling measures as rising phenomenon of smuggling was undermining the local industry and causing harmful consequences for the national economy.President Islamabad Chamber of Commerce and industry (ICCI) Muzzamil Hussain Sabri said that national exchequer was reportedly losing around Rs.120 to 150 billion annually due to smuggling of many items.He stressed upon the government to pay urgent attention to ...
Envoy invites Osaka businessmen to explore Pak sports goods market ISLAMABAD: Pakistan's ambassador to Japan, Farukh Amil met the senior officials of Mizuno Corporation on Monday in Osaka and invited them to visit Sialkot for exploring potential of sports goods market for cooperation between the two countries.During his meeting with representative director of Mizuno Corporation Masaharu Kato and the top executives of the company, he apprise them of the potential of sports goods production in Pakistan.He invited them to visit Sialkot in particular where they ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln