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Food imports fall by 1.73 percent  ISLAMABAD: Food imports into the country decreased by 1.73 percent during the first ten months of the ongoing fiscal year (2011-12) as compared to the corresponding period of last year. The overall food imports into the country were recorded at $ 4.230 billion during July-April (2011-12) as compared to the imports of $4.305 billion during July-April (2010-11), Pakistan Bureau of Statistics (PBS) reported. The major food items that contributed in the negative growth of the food imports included wheat (unmilled), imports of which decreased by 100 percent by falling from $5.161 million last year to zero imports during the current fiscal year. The imports of dry fruits and nuts decreased by 2.78 percent, from $74.382 million last year to $72.312 million in the ongoing year. Similarly, the imports of spices decreased by 5.16 percent, from $91.285 million to $86.573 million while imports of soyabean decreased by 30.79 percent by declining from $60.764 million to ...

Huge coal reserves found in Badin district after Thar  KARACHI: After the Thar, the coal reserves of approximately 1.785 billion ton have been discovered in Badin district, Chief Minister Syed Qaim Ali Shah, who also holds the portfolio of Coal & Energy Development, said. In his written answer to the question of Heer Soho, lady MPA of MQM, during the question hour of Sindh assembly’s budget session on Thursday, Shah told that the exploration of coal reserves was carried out by Geological Survey of Pakistan ...
Pakistan likely to attend conference on RECORDER REPORT ISLAMABAD: Pakistan is likely to attend the High Level Policy Forum on Development of Framework for Green Economy next week in Brazil, it is reliably learnt. The main purpose of the High Level Policy Forum on Development of Framework for Green Economy is to identify key challenges towards green economy and explore possible policy frameworks to promote green economy with the high-level policy makers. The Forum will be organised by the United Nations Economic and Social ...
IPPs facing severe liquidity constraints  RECORDER REPORT KARACHI: With low funds outlay by National Transmission and Dispatch Company Limited (NTDCL), local Independent Power Producers (IPPs) are facing substantial shortage of working capital requirements, analysts said. However, on other side, current depreciation in PKR against USD is positive developments, which will improve the bottom line of the power producers, they added. "With decline in international oil prices, we expect it will also facilitate the government FY13 budgetary targets for power sector subsidies," Abdul Azeem, ...
Dr. Asim says employees are main strength of organization ISLAMABAD: Dr. Asim Hussain, Minister for Petroleum and Natural Resources has said that employees are the main strength of an organization and welfare of staff instills encouragement and ultimately results in increased efficiency. He said this while conducting draw for nomination of ministry’s employees for performing Hajj through government funding. Abid Saeed, Additional Secretary (Natural Resources) and Hamid Asghar, Joint Secretary (HR&A) were also present on the occasion. Basharat Zaman, Chowkidar of the Policy Wing of the ...
Developing countries urged to strengthen domestic fundamentals to weather global economic turmoil ISLAMABAD: Developing countries should prepare for a long period of volatility in the global economy by re-emphasizing medium-term development strategies, while preparing for tougher times, says the World Bank in the newly-released Global Economic Prospects (GEP), June 2012. A resurgence of tensions in high-income Europe has eroded the gains made during the first four months of this year, which saw a rebound in economic activity in both developing and advanced countries and an easing of risk ...
Mango Exposition in 1st week of July ISLAMABAD: The Horticulture Foundation of Pakistan (HFP) is likely to hold 17th National Mango and summer Fruits Exposition on 7 and 8 July here. The purpose of the show is to highlight country's superior quality mangoes and help enhance their exports besides underlining the importance of utilizing modern technologies in packing to compete in the world markets. There is need to present the country's produce in accordance with international standards and procedures besides keeping in view the ...


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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