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Textile exports up 0.47pc in 8 months ISLAMABAD: The textile exports from the country increased by 0.47 percent during the first eight months of current fiscal year against the exports of same period of last year.The overall textile exports during July-February (2014-15) were recorded at US $9.179 billion against the exports of $9.136 billion during July-February (2013-14), according to Pakistan Bureau of Statistics (PBS).The textile products that witnessed increase in trade included yarn other than cotton yarn export of which increased by 14.42 percent, by going up from $25.854 million last year to $29.581 million this year.Exports of knitwear also increased by 9.48 percent from $1.482 billion last year to $1.622 billion this year while the exports of towels increased by 3.22 percent from $494.32 million to $510.229 million.According to PBS data, cotton carded or combed during the period under review increased by 3.35 percent to $6.177 million from $5.977 million during last year.Similarly the exports of ...

HCCI expresses concern over resurgence of alleged land mafia HYDERABAD: The Hyderabad Chamber of Commerce and Industry (HCCI) has expressed concern over the alleged re-surfacing of land Mafia in Hyderabad areas.The concern was expressed by President HCCI, Goharullah in the statement released here on Thursday.He appealed to higher authorities to take action against alleged land grabbers.Copyright APP (Associated Press of Pakistan), 2015 ...
LCCI urges SBP to bring down discount rate LAHORE: Lahore Chamber of Commerce & Industry (LCCI) has urged State Bank of Pakistan (SBP) to bring down discount rate in the upcoming monetary policy to pave way for much-needed new investments in the industrial sector. President LCCI Ijaz A. Mumtaz said this in a statement here Thursday.He said that State Bank of Pakistan has already initiated moves for bringing down the discount rate in the last monetary policy but that was not enough to ...
14.78mn cotton bales reach ginneries across Pakistan MULTAN: Seed cotton (Phutti) equivalent to 14.78 million bales have reached ginneries across Pakistan till Mar 15, 2015 registering a percentage increase in arrivals by 10.59 per cent compared to corresponding period of last year. According to a fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued here Wednesday, Phutti equivalent to 14,785,795 bales had reached ginning factories and 14.75 million of them have undergone the ginning process. The arrival at Punjab ginneries was recorded ...
New REIT regulations aimed at removing bottlenecks for new entrants: SECP ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) envisages new regime for Real Estate Investment Trust (REITs) to remove bottlenecks for new entrants and to attract investment in this sector.The SECP held a consultative session in Karachi to seek stakeholders' comments and suggestions on draft REITs Regulations in order to explain the rationale of the proposed changes, according to a statement issued here on Monday.The Commissioner SECP Akif Saeed said the amended framework of ...
Independent judiciary key to boost business activities: ICCI ISLAMABAD: A delegation of Islamabad Chamber of Commerce and Industry (ICCI) led by its President Muzzamil Hussain Sabri visited Islamabad High Court Bar Association to congratulate Raja Muhammad Aleem Khan Abbasi on being elected as President and other new office bearers on winning election here on Thursday.Rana Abdul Latif Vice President, Sardar Shaukat Hayat General Secretary, Ms. Zareen Kanwal Finance Secretary, Ms. Wajiha Pervez Joint Secretary and a large number of Executive Member of IHC ...
Measures bearing fruit with inflation down to 3.9pc in January ISLAMABAD: The government's measures to control inflation resulted in bringing down Consumers Price Index (CPI) to 3.9 percent in January 2015 as compared to 7.9 percent in same month last year.The headline inflation measured by CPI is on downward trajectory while other inflationary indicators like food inflation declined to 3 percent and non-food 4.5 percent in January as compared to 7.2 percent and 8.4 percent in the same month last year.The Sensitive Price Indicators (SPIs), ...


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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 $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln