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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 Sheikh Manzar Alam, Chairman FPCCI Standing Committee on Press & Media deprived of money and other valuables at Vita Chowrangi, within space of less than one week. FPCCI strongly condemns both the incidences. While robberies at shops and at homes are fast becoming a major nuisance to business community, ongoing trend of extortion adds further to problems of traders, industrialists. It is crucial to understand business community of any country is backbone of national economy. Unless businessmen ...

Expo to promote creativity among businesswomen kicks off ISLAMABAD: The two-day Expo to promote women in creative industry of Pakistan organized by United Nations Industrial Development Organization (UNIDO) kicked off Saturday at a hotel here. A large number of women from the country are participating in Expo which attracted large number of local and foreign buyers.  After opening ceremony, Engr. Shadia Yousif Bakhait, Chief of UNIDO, Pakistan said Expo is good tool to empower women entrepreneurs. This event provides opportunity to women entrepreneurs to ...
Sprinkling method good for paddy cultivation LAHORE: The Punjab Agriculture Department has advised the farmers that paddy can also be cultivated by sprinkling the seeds instead of cultivating it in nursery. A spokesman of the department said on Saturday, that this method of cultivation is good for proper growth of the crop. He said that land should be properly prepared and levelled before opting this method. The use of 12 Kg seed on per acre for basmati variety and 15 Kg for other variety ...
Textile schemes: Ministry gets Rs1bn from Finance Division  TAHIR AMIN ISLAMABAD: The Finance Division has released a billion rupees to the Textile Ministry for various schemes/incentives announced in the Textile Policy (2009-14), sources told Business Recorder on Friday. The government released Rs660 million against drawbacks on local taxes and levies (DLTL) and Rs340 million against the Export Finance Scheme, sources added. With this amount, the total release for the current fiscal year touched Rs6.3 billion against an allocation of Rs7.5 billion while total release for the ...
FBR directs SBP, NBP, NIFT to remain open for extended hours  ISLAMABAD: Federal Board of Revenue (FBR) has directed the State Bank of Pakistan, National Bank of Pakistan and NIFT to remain open for extended hours to facilitate tax payers in depositing their tax liability on time. In a statement received here on Friday, FBR has directed SBP, NBP and NIFT to remain open for extended hours as per following schedule: June 28 (Thursday), till 1800 hours, June 29 (Friday) till 2000 hours and June 30 (Saturday) ...
Businessmen to get one year multiple visa for South Korea KARACHI: Mr. In-Ki Lee, Consul General of South Korea said that Pakistan and Korea are geographically very important countries and they should empower each other. He further stated that on the recommendation of FPCCI, one year multiple- visa would be issued to Pakistani businessmen. In a meeting with leaders of Federation of Pakistan Chambers of Commerce & Industry here, he also showed his satisfaction over the bilateral relations between Pakistan and South Korea and said that since ...
EAD reviews Pak, Korea development projects of US $300mn ISLAMABAD: The Economic Affairs Division (EAD) here at a meeting reviewed the implementation of projects being executed through Korean assistance worth around US$ 300 million. The meeting was chaired by Dr. Waqar Masood Khan, Secretary, EAD while Choong joo CHOI, Ambassador of the Republic of Korea to Pakistan was also present along with his team. Secretary EAD appreciated the Korean assistance and noted with satisfaction that not only the quantum of bilateral cooperation has increased over a ...


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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 10, 2014
Reserves $13.401 bln