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Pakistani mangoes no more under observation by European Union: Khurram ISLAMABAD: Federal Minister for Commerce, Engr. Khurram Dastgir Khan has said that European Union has removed the yellow flag that they put on Pakistani mangoes at the start of the current mango season and now the Pakistani mangoes are no more under observation by the European Union.According to the details, last year, 237 consignments of Pakistani mangoes were rejected by the EU authorities mainly due to infestation with fruit fly.The situation was worse in case of Indian mangoes and the EU clamped a ban on the import of Indian mangoes.Pakistani mangoes were placed under strict observation and the critics feared a similar ban on the export of Pakistani mangoes to EU.The Ministry of Commerce and Ministry of National Food Security quickly came into action and took necessary measures to ensure pest free import of mangoes to EU.The Government made it obligatory for the mango exporters to follow hot water treatment ...

SECP prepares drafts bill for introducing Limited Liability Partnership ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) here on Monday said that the Commission has prepared a draft bill for introducing Limited liability Partnership (LLP) in the country.The proposed LLP aiming at documentation of national economy by improving the legislation for the corporate sector which is expected to enable entrepreneurs, professionals and enterprises providing services of any kind or engaged in scientific and technical disciplines to form commercially efficient model suited to their requirements.In ...
Setting up new small industrial estates on cards SIALKOT: The Punjab government is actively considering to establish more small industrial estates to facilitate the SMEs, vendors and manufacturers of the city.Official sources told APP here Saturday that the step was being taken on the pressing demands of local trade bodies including Sialkot Chamber of Commerce and Industry (SCCI) to accommodate the vendors and manufacturers of the city.After conducting a joint survey by the Punjab Small Industries Corporation (PSIC) in collaboration of Sialkot Chamber ...
KCCI urges FBR to make public its list of non tax payers KARACHI: President, Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra has urged the Federal Bureau of Revenue (FBR) to make public the list it has frequently claimed to compile of more than 700,000 individuals leading a lavish life style.In a statement the KCCI chief said the FBR officials have repeatedly said that majority of these 700,000 people also hold assets worth millions but are not paying any taxes.Vohra regretted that neither this list ...
Production of automobiles goes up in July ISLAMABAD: The production of various automobiles witnessed considerable increase during the first month of current fiscal year (July 2014) compared to the production of the same month of last year.According to the data of Pakistan Bureau of Statistics (PBS), the production of trucks witnessed increase of 30.12 percent in July 2014 compared to the output of July 2013. As many as 216 trucks were manufactured in July 2014 compared to the production of 166 trucks ...
Pakistani importers cancel some wheat import deals: trade HAMBURG: Private importers in Pakistan have cancelled some wheat import contracts during the past few days because local demand was not as strong as previously expected, European traders said on Thursday.The volume cancelled was unclear. One trader said three shipments were involved, totalling about 150,000 tonnes from various regions."The cancellations took place in the last 12 days," a trader said. "I think demand in the local economy has not been as firm as forecast."Pakistani importers ...
ICCI calls for documented economy to broaden tax net ISLAMABAD: President, Islamabad Chamber of Commerce and Industry (ICCI) Muzzamil Hussain Sabri on Friday said that business community supports documented economy and wants to pay taxes because no economy could develop without tax revenue.While addressing a meeting at Islamabad Chamber of Commerce and Industry (ICCI),Muzzamil H.Sabri expressed concerns over the complicated e-filing system of tax returns and called upon the Federal Board of Revenue (FBR) to simplify it in order to make it more user-friendly ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln