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Weekly Inflation decrease 0.33pc ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on August 22 for the lowest income group up to Rs. 8,000 registered decrease of 0.33 percent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 208.52 points against 209.20 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 217.61 points in the previous week to 216.82 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 6 percent.As compared to the last week, the SPI for the ...

Pakistan loses heavily due to non branding of its products KARACHI: Pakistan is losing millions of dollars due to non-branding and non-registration of many of its products consequently leading to non-appropriated prices in the international market.This anomaly is largely benefiting the competitive countries fetching much high rates for similar branded and registered products exported by Pakistan, said President Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Zakaria Usman.Addressing a meeting of the Chamber's Standing Committee on Anti Fake Products and Intellectual Property Rights (IPR), ...
Revision of prices urged for cotton, wheat & cane KHANPUR: Agri-Forum Pakistan, Punjab president Ch Ahmed Ali has urged the government to revise support prices of important crops such as sugarcane, cotton and wheat so that growers get due incentives and fair returns from the market.Talking to reporters here on Thursday,he urged the government to buy 3 million bales of cotton through TCP,saying that this would stabilise the prices of cotton and farmers would be saved from losses.He suggested per maund support prices as--Rs ...
Farmers asked to be vigilant against cotton bugs MULTAN: Agriculture experts have advised growers to be vigilant of dusky cotton and red cotton bugs and asked them to consult experts for their in timely control in the cotton belt, particularly from September to November.Timely control on the two bugs is vital to get enhanced production of good quality cotton, agriculture department said in a statement. The bugs not only suck juice from flowers and bolls but also leave dark spots on lint compromising ...
FPCCI warns against implications of civil disobedience call KARACHI: Federation of Chamber of Commerce and Industry (FPCCI) is against any call made for civil disobedience as it can have its severe implications on the national economy with direct bearing on the lives of citizens themselves.FPCCI President, Zakaria Usman in a statement on Monday said any attempt to encourage citizens from not paying their utility bills and taxes or asking them to keep on hold their business would further compromise the economy.He said the ...
FPCCI President calls for revival of American GSP status for Pakistan KARACHI: President FPCCI, Zakaria Usman Friday called for the revival of American GSP status to Pakistan; realizing that Pakistan has been playing a front-line role in the war against terrorism and facing serious social and economic problems." GSP status has been expired for a long time and we are still waiting for its revival," he said during a meeting with Chad Peterson, Political and Economic Chief of US Consulate General here at the Federation House, ...
Meezan Bank selects Systems Limited for the implementation of Enterprise Service Bus KARACHI: Systems Limited, an IBM business partner and the region’s premier software house, has been appointed by Meezan Bank, which is Pakistan's first and largest Islamic bank,for the implementation of IBM Integration Bus. With this implementation, Meezan Bank would be able to extensively capitalize on their existing IT investments at remarkably low costs while enhancing business stability and increasing productivity.A formal signing ceremony between Systems Limited and Meezan Bankwas held in July at the bank’s ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln