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Pak, India trade to continue despite clashes at LoC ISLAMABAD: Chairman Karachi Chamber of Commerce Mian Abrar Ahmed said trade between India and Pakistan cannot be stopped despite clashes at Line of Control (LoC). Talking to VOA, he said that international community is gripping energy crisis in near future and both India and Pakistan jointly face the problem.        He said exchange of trades is in beneficial forPakistan and India and both countries will contribute trade cooperation with Central Asian states. To a question, he said exchange of fire at both sides of LoC is a local issue as such incidents take place since independence and international community is pressurizing to reopen a hot border for Pakistan. Pakistan is in a position to combat such incidents and Pakistan is a nuclear country and both countries cannot afford any war in future, he added. Director General Cross LoC Trade and Travel Authority Muhammad Ismail also said normal traffic and trade is underway at two ...

255 traders’ associations support sit-in plan in Karachi on June 26  KARACHI: As many as 255 traders’ associations and market associations of Karachi have announced the sit-in program of June 26 at 5.00p.m in front of Memon Mosque near Bolton Market. The sit-in is being staged against lawlessness that has destroyed the business. According to a press release of All Pakistan Organization of Small Traders & Cottage Industries, the following associations have extended the support to staging sit-in: Pak Alliance of Market Association, Printing Association, Marriott Road Small ...
Milk, yogurt prices soar ahead of Ramazan  GHULAM ABBAS KARACHI: A fresh move to control prices of items of daily use was thwarted by profiteering retailers after milk and yogurt prices soared again just a month before Ramazan. Yogurt, which is caonsumed in large quantities in summer, jumped above Rs100 per kilogramme, while fresh milk was being sold at Rs74-75 at retail outlets, contrary to government-fixed rate of Rs70 per kg. Although all district managements under Deputy Commissioners had fixed rates for yogurt and milk ...
Govt likely to suspend gas supply to textile industry for 15 days  RECORDER REPORT LAHORE: Despite all the opposition from the owners and workers, the government is likely to cut gas supply to textile industry for at least 15 days anytime from now onwards. According to the sources, gas supply to the textile industry is likely to be disconnected in order to improve power generation through gas-based Independent Power Producers (IPPs). It may be noted that the government has already cut gas supply to the fertiliser industry for the same ...
Rs475mn allocated for forest development  RECORDER REPORT LAHORE: With a view to developing, maintaining and maximising forest resources in a scientific, environmentally sustainable, ecologically stable and socially acceptable manner, the Punjab government has allocated Rs 475 million for developmental projects in this sector for the financial year 2012-13. 'The provincial government is fully cognizant of the fact that flora and fauna is not only helpful in environmental up gradation but also help in maintaining a moderate atmosphere in the region,' sources in ...
WB agrees to provide funds for 4,320mw Dasu project  LAHORE: The World Bank has agreed to provide financial assistance for the 4,320mw Dasu hydropower project which will be constructed in phases after the 4,500mw Diamer Basha dam project is initiated and a financial plan finalised. According to a WAPDA spokesman Saturday, Pakistan Water and Power Development Authority (WAPDA) Chairman Shakil Durrani stated this while chairing a meeting at WAPDA House to discuss a report submitted by an international panel of experts. WAPDA Member (Water), Secretary ...
FPCCI says ‘poor law and order situation prevailing in Karachi’ KARACHI: Federation of Pakistan Chambers of Commerce & Industry FPCCI, apex body of trade and Industry in Pakistan, expressed serious concern over deterioration in law and order situation in Karachi over past few days, wherein an escalation in criminal activities has been witnessed. Recent media reports mentioned alarming rise in bank robberies worth millions of Rupees. FPCCI press release Saturday said recently incidence of dacoity occurred at residence of Shakil Ahmed Dhingra, Vice President FPCCI and ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln