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Pakistan-Australia review defence cooperation  ISLAMABAD: Pakistan and Australia Thursday reviewed their defence cooperation and the general direction and scope of Australia's development assistance programme for Pakistan. The 2nd session of Pakistan-Australia Bilateral Consultations was held in Canberra which was attended by Foreign Secretary Jalil Abbas Jilani. The Foreign Secretary also held meetings with Stephen Smith, Minister of Defence,Peter Baxter, Director General, AusAID and Dr. Margot McCarthy, National Security Adviser, said a statement issued by foreign office here Thursday. During his meeting with the Defence Minister, overall Pakistan-Australia Defence Cooperation, which has registered significant growth over the past five years, was reviewed. Australia has become the second largest capacity building provider for Pakistan Armed Forces. Pakistan's role as front line state in war against terror was deeply appreciated by the Australian side. During his meeting with Director General AusAID, the Foreign Secretary reviewed the general direction and scope of Australia's Development Assistance programme for Pakistan, within the framework of Pak-Australia ...

NA approves Rs. 962,914,448,000 for Ministry of Finance  ISLAMABAD: The National Assembly on Thursday approved 23 demands of grants worth Rs. 962,914,448,000 for Ministry of Finance, Revenue, and Planning & Development for the fiscal year 2012-13. The demands of grants presented to the House by Finance Minister Dr. Abdul Hafeez Shaikh included Rs. 950,000,000 for the Federal Government to meet expenditures in respect of Finance Division, Rs. 3,386,480,000 in respect of Controller General of Accounts and Rs. 316,878,000 in respect of Pakistan Mint. While the ...
NA approves Rs170,399,536,000 for Cabinet Secretariat  ISLAMABAD: The National Assembly on Thursday approved 17 demands of grants worth Rs. 170,399,536,000 for Cabinet Secretariat for the fiscal year 2012-13. The demands of grants presented to the House by Finance Minister Dr. Abdul Hafeez Shaikh included Rs. 191,414,000 for the Federal Government to meet expenditures in respect of Cabinet, Rs. 3,289,899,000 in respect of Cabinet Division, Rs. 204,664,000 in respect of Emergency Relief and Repatriation, Rs. 6,492,281,000 in respect of other expenditures of Cabinet ...
Forex reserves further slips to $15.417bn  KARACHI: The country's foreign exchange reserves have plunged by $ 119 million to around $ 15,417 billion as on June 8, 2012 on foreign payments. According State Bank of Pakistan here Thursday, the foreign exchange reserves held by the Central Bank decreased to $ 11.117 billion while reserves held by banks improved to about $ 4.300 billion during the week. Copyright APP (Associated Press of Pakistan), 2012 ...
NA approves 151 demands worth Rs2.077trn  ISLAMABAD, June 14 (APP): The National Assembly Thursday approved 151 demands for grants of 40 ministries and departments amounting to Rs 2,077,644,405,000 amidst uproar by the opposition members. Minister for Finance Abdul Hafeez Shaikh and Minister for Textile Industry Makhdoom Shahabuddin moved the demands, which were approved by the members with majority voice vote. After winding up discussion, the House completed first stage of the budget passage by putting all demands for grants to voting to meet ...
SBP advises banks to process sugar export cases  KARACHI: The State Bank of Pakistan (SBP) has advised all authorised dealers in foreign exchange (banks) to process the cases of sugar export as per the prescribed mechanism. According to SBP's prescribed mechanism issued here Thursday, banks will forward the requests of sugar mills along with photocopy of E-Form, copy of contract, L/C, advance payment, etc. for approval of SBP. While forwarding such requests banks should also maintain the record of each sugar mill to ensure compliance ...
FPCCI leadership welcomes nine positive steps in federal budget  KARACHI: President FPCCI Haji Fazal Kadir Khan Sherani and former president FPCCI Tariq Sayeed on Thursday spoke on the positive and negative aspects of Annual Federal Budget 2012-13. During a press conference on Thursday here at Federation of Pakistan Chambers of Commerce and Industry (FPCCI), both the leaders appreciated certain positive measures announced by the Government which would help provide relief to the business community and the common man. However, they said, there was much to ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln