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Unemployment, poverty to be reduced on priority basis HUNZA: Deputy Speaker Gilgit-Baltistan Legislative Assembly Jameel Ahmed Thursday said the utmost priority of the government was to reduce unemployment and poverty from the region. Talking to APP he said the government had presented a record budget of Rs. 19.3 billion, of which, Rs. 8 billion were allocated for the development projects while Rs. 11 billion for non-developmental work. He said a large number of posts in different department would be created to reduce unemployment from the area. The deputy speaker said a plan to provide, free of interest, loans to the youth was also under consideration. He appealed the masses to cooperate with the government in order to overcome sectarian problems. Copyright APP (Associated Press of Pakistan), 2012 ...

KCCI clarifies news regarding Pak, Indonesia PTA KARACHI: Karachi Chamber of Commerce & Industry (KCCI) has clarified that the Consul General of Indonesia Rossalis Rusman Adenan had informed KCCI president that the officials of Commerce Ministry of Indonesia were likely to visit Islamabad in July 2012 to discuss about the enforcement and implementation of Pakistan-Indonesia Preferential Trade Agreement (PTA). In a clarification here Thursday, KCCI said that in its press release issued on June 25, 2012, it was inadvertently mentioned that PTA between ...
Licensed agents: SRB allowed to access customs data  RECORDER REPORT ISLAMABAD: The Federal Board of Revenue (FBR) has allowed the Sindh Revenue Board (SRB) to access the customs data along with the list of licensed customs agents to ensure proper payment of sales tax by service providers (customs agents). Sources told Business Recorder here on Wednesday that the FBR has written a letter to S. Mushtaq Kazmi Member Tax Policy SRB, Karachi on sharing of FBR's Customs data with the SRB. It is a big ...
Cotton growers advised to focus on better management of crop  RECORDER REPORT LAHORE: Punjab Agriculture Department (PAD) has advised the cotton growers to focus on better management of the crop as effects of 16 percent water shortage in the canals of the province are visible on the crop. A spokesman of the department in an advice issued here on Wednesday urged the cotton growers to adopt the method of 'water scouting' to inspect the crop situation and then irrigate the fields. He advised the growers to inspect ...
KP takes lead in taking steps to overcome energy crisis: Hoti  PESHAWAR: Khyber Pakhtunkhwa Chief Minister Amir Haider Khan Hoti on Wednesday said that the KP had taken lead over other federating units in taking solid measures to curtail the energy crisis. Addressing the ground-breaking ceremony of the 84 Megawatt hydel power project at Mataltan in Kalam valley of Swat district, the Chief Minister said under the Hydropower Generation Plan, the government would develop 24 medium size hydel projects having total capacity of 2100 MW in five ...
New Federal Secretary to boost Pak-India trade: PIAF  LAHORE: Pakistan Industrial & Traders Association Front (PIAF) on Wednesday hailed the appointment of Zafar Mahmood as Federal Secretary, Ministry of Water & Power, and said that his strategy particularly would be most helpful in boosting trade between Pakistan and India. In a press statement issued here, the Chairman PIAF Engr. Sohail Lashari said that the appointment of Zafar Mahmood will yield good result. He hoped that Zafar Mehmood would evolve a comprehensive strategy with the consultation of ...
Imports of 1.467mn tons 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 ...


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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