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PFMA KP demands increase in wheat quota  RECORDER REPORT PESHAWAR: Pakistan Flour Mills Association (PFMA), Khyber-Pakhtunkhwa Zone demanded maximum increase in daily wheat quota of the flour mills to bring the industry out of present difficult situation. The demand was made in a meeting of the association held here with provincial chairman Malik Iftikhar Ahmad Awan in the chair. Besides, former chairmen, Mohammad Naeem Butt, Haji Sartaj Ali, Mohammad Sadiq members of executive committee, Haji Mohammad Anis, Musarrat Shah, Mirajuddin, Imranullah, Gul Zarin Khan and Arif Khan attended the meeting. The participants in the meeting held detailed discussion on the problems faced by the industry. The meeting particularly expressed concerned over massive power load shedding and outages, that are crippling the industry. They demanded the resolution of energy crisis and provision of interruption free electricity to the industry. They demanded increase in release rate of wheat to mills and fixing the daily quota at 300 bags per day. The meeting also reviewed ...

Trade between Pakistan-Turkey could enhance by signing PTA: Envoy HYDERABAD: Turkish Ambassador Mustafa Babur Hizlan has said that it is unlikely for Pakistan and Turkey to achieve the bilateral trade target of $ 2 billion by the end of 2012. "It won't be possible because in Turkey we have started implementing some measures against import of textile from countries with which we don't have free or Preferential Trade Agreement (PTA)," the ambassador said while talking to reporters here Saturday evening. According to Hizlan, the new import ...
FBR told to quickly issue ST refund cheques  RECORDER REPORT ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle has directed the Federal Board of Revenue (FBR) not to keep any refund cheque pending with the Central Sales Tax Refund Office (CSTRO) for more than a week. According to FTO’s order issued on Friday, the FBR was further told to direct the Chief of CSTRO to issue cheques expeditiously and report compliance within 15 days. The complainant alleged maladministration against the Department for failure to issue ...
GST collection on pre-paid calling cards: FBR tries to plug revenue leakage  RECORDER REPORT ISLAMABAD: The Federal Board of Revenue (FBR) has started an exercise to check revenue leakage during collection of general sales tax (GST) on sale of pre-paid calling cards by cellular, wireless phone and internet companies. Sources told Business Recorder on Friday that the FBR started its consultations with Pakistan Telecommunication Authority (PTA) to probe the issue on the complaint filed by Transparency International-Pakistan (TIP). The FBR also asked the Chief Executive Officers (CEOs) of all telecom ...
Railways Karachi Division operated 25 goods train  KARACHI: Pakistan Railway, Karachi, Division, operated 25 goods trains during August 2012 which earned a revenue of Rs 82.294 million to the Railways. Besides, a special campaign was launched under directives of the government to transport furnace oil for Lal Pir and Muzaffargarh Power Houses to avoid power shortage. An official said here that the campaign continued for 40 days during which the railway operated 50 oil specials as a result of which some 1800 tank wagons ...
Railways earn Rs6.123bn through 10,157.52 acres land lease  ISLAMABAD: Pakistan Railways has collected Rs. 6.123 billion through 10,157.52 acres lease of its land during the last 10 years.   The criteria adopted for leasing out the land of Pakistan Railways included short term lease upto 10 years and ling term lease upto 99 years as all the lands were leased out through open public auction and sealed bidding after proper advertisement in newspapers.   According to Pakistan Railways here on Friday, minimum reserve lease values are set ...
FESCO shutdown notice  FAISALABAD: The Faisalabad Electric Supply Company (FESCO) has issued a shutdown notice for repair, maintenance and expansion of electricity lines. According to the notice issued here on Friday, power supply from Dry Port and Rasool Pur feeders will remain suspended from 8:00 a.m. to 2:00 p.m. on Saturday (September 15) while Liaqat Abad and Dasoha feeders will observe 7:30 a.m. to 11:00 a.m. on Sunday (September 16). Copyright APP (Associated Press of Pakistan), 2012 ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln