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Imports of 1.467mn tonnes edible oil cost $1.654bn ISLAMABAD: Pakistan imported 1.467 million tons of edible oil which cost US$ 1.654 billion (Rs. 145 billion) to national exchequer during first nine months of current fiscal year. Total requirement of edible oil at present in the country is 2.045 million tons and local production during this year was 0.636 million tons. According to data released by Pakistan Oilseed Development Board, the total availability of edible oil was 3.079 million tons last year, of which local production contributed 0.696 million tons (34 percent of the requirement) while imports of edible oil or oilseeds was 2.383 million ton. It said the import bill reached Rs 224 billion (US$ 2.611 billion) during last year. The major oilseed crops grown in the country include sunflower, canola, cottonseed and mustard. Although the cotton crop is grown for its lint, and cottonseed contributes 50 to 60 percent of local edible oil production. It is estimated that 10 percent of the ...

ICCI for solving traders ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday urged the traders to get maximum membership of the ICCI and strengthen its hands so that it could serve their interests more effectively. An ICCI delegation led by its acting President, Asad Farid visited G-11 Markaz and congratulated the newly elected President of G-11 Markaz, Chaudry Waqas Ghujar for winning the election. Speaking on the occasion, Asad Farid said that the ICCI had always served the ...
TCP invites bids for 100,000 metric tons urea  KARACHI: Trading Corporation of Pakistan (TCP) has floated an international tender for the import of 100,000 metric tons of urea to meet local demand for Kharif-2012. According to TCP here Wednesday, the tender will be opened on July 27, 2012 at its head office in the presence of bidders or their representatives. The bids have been invited from the pre-qualified foreign suppliers (exporters) with TCP for supply of urea (in bulk) through world wide sources on C&F ...
Production of Air conditioners, refrigerators increase: PBS  ISLAMABAD: The Production of Air Conditioners and Refrigerators increased by 5.39 percent and 8.09 percent in the country respectively during the first ten months of the ongoing fiscal year. According to the data of Pakistan Bureau of Statistics (PBS), 180,778 air conditioners were produced during July, April (2011-12) against the production of 171,535 units during July April (2010-11). Similarly, the production of refrigerators increased from 777,803 units last year. Copyright APP (Associated Press of Pakistan), 2012 ...
Pharmaceutical exports up by 23.06 percent  ISLAMABAD: The export of pharmaceutical products from the country during last eleven months of current financial year registered an increase of 7.52 percent. As many as 19,556 metric ton of pharmaceutical products worth $ 142.03 million were exported during the period from July-May 2012, said the data of Pakistan Bureau of Statistics (PBS). The export of pharmaceutical products were recorded at 20,464 ton valuing $ 132.10 million during the first eleven months of last financial year, it ...
Alleged tax evasion: FBR chief told to decide cases by 30th  RECORDER REPORT LAHORE: The Lahore High Court here on Monday directed Chairman Federal Board of Revenue (FBR) and tax officials concerned to decide by June 30 the cases about alleged tax evasion by Bahria Town administration. The court also directed the FBR Chairman to furnish a report about the decisions on tax evasion before the High Court registrar. The petitioner, a bar member Shahid Jami, contended that during audit of Bahria Town for tax year 2006 it ...
Women entrepreneurs: MCCI offers assistance to women MULTAN: President Multan Chamber of Commerce and Industry (MCCI) Mian Anees A Sheikh said that the chamber was offering every possible assistance towards women entrepreneurs to boost the country economy. In a statement on Tuesday, President MCCI said that women participation into economic activities would surely help to generate employment opportunities. On this occasion, chairperson women entrepreneurs (sub- committee) Kousar Shiekh and Saima Amjid informed the president about their recent business tour to Indonesia, India and Bangladesh. Session ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln