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Weekly inflation up by 0.55pc ISLAMABAD: The Sensitive Price Indicator (SPI) for the week, ending on April 10 for the lowest income group up to Rs.8,000 registered an increase of 0.55 per cent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 206.03 points against 204.91 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 increased by 0.38 per cent as it went up from 212.72 points in the previous week to 213.52 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 11.05 percent.As compared to the last week, the SPI for ...

ICCI urges government broadening tax net for sustainable growth ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI) Shahban Khalid urged the government to broaden tax net and make reforms in the taxation system to get sustainable economic growth and development.Talking to APP, President ICCI said that government should set the annual tax target on equality basis and impose taxes on all industries on performance basis.He added that business community had never opposed the levy of tax, however it demanded tax should be imposed ...
FPCCI extends full support to TDAP for increasing exports KARACHI: President FPCCI Zakaria Usman on Thursday emphasized on making very organised and scientific efforts for developing brands, and promoting and modernizing packaging industry, promoting Halal foods besides enhancing ambit of value- addition to get better prices for Pakistani products. He offered full support of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to Trade Development Authority of Pakistan (TDAP) to start concrete initiatives/projects to accomplish the above very important tasks which will give ...
TCP directed to purchase seed cotton instead of lint cotton ISLAMABAD: The Federal Minister for Textile Industry has said that in the coming cotton season, the Trading Corporation of Pakistan would be directed to purchase seed cotton (phutti) instead of lint cotton, so that farmers get the maximum benefit, and cotton prices remain stable.In this regard the Ministry of Textile Industry will soon submit a summary to the Economic Coordination Committee (ECC) of the Cabinet for allocating funds for timely intervention in the cotton market, ...
SECP takes action against non-compliant market participants ISLAMABAD: The development of transparent and efficient securities market is one of the prime objectives of the Securities and Exchange Commission of Pakistan (SECP).Accordingly, Securities Market Division of the SECP took enforcement actions and penalized the market participants for non-compliance with the regulatory framework during the month of March.Subsequent to the onsite inspections, enforcement actions were taken against three brokerage houses of the Karachi Stock Exchange Limited.A penalty of Rs500,000 was imposed on KASB Securities ...
SECP issues 21 showcase notices to insurance companies ISLAMABAD: The Securities and Exchange Commission of Pakistan has issued 21 show-cause notices to different insurance and takaful companies for failing to comply with various provisions of the law.In a statement here on Wednesday, SECP Commissioner for Insurance, Mohammad Asif Arif said that during the same period, 36 warning letters were also issued to CEOs and directors of various insurance and takaful companies.He said that Insurance Division also renewed 30 licenses to surveying companies and ...
Rs 200bn tax recovered during seven months: Baligh-ur-Rehman BAHAWALPUR: Minister of State for Education and Interior Muhammad Baligh-ur-Rehman here Wednesday said that government has recovered Rs 200 billion tax during first seven months.Talking to APP he said that China will invest 4.5 billion dollars per annum for five years in various sectors of Pakistan.He told that stock exchange has improved and value of dollar has decreased which shows strengthening of the economy.Replying to a question, he said that CM Punjab, Muhammad Shahbaz Sharif ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln