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Ikhtiar Baig terms Pak economic growth satisfactory amid global recession ISLAMABAD: Prominent industrialist Dr. Mirza Ikhtiar Baig has said that the 3.7 percent GDP growth of Pakistan reported by the latest economic survey can be termed satisfactory keeping in view the global recession but the economic performance of the country can neither be termed bad nor exceptionally good. Talking to a private news channel, he said the US economy is sluggish, unemployment is continuously on the rise, and bank defaults are taking place, therefore Pakistan's growth is better but it is low as compared to the economic growth of the other countries of the region for instance India and China. Baig said our circumstances are different from these two countries as Pakistan has been fighting war against terror and natural calamities like floods also hit the country last year. He said that floods destroyed two million cotton bails last year and hundreds of thousands of live stock heads washed away but despite these ...

Pakistan May CPI up 12.29 pct yr/yr ISLAMABAD: Pakistan's Consumer Price Index (CPI) rose 12.29 percent in May from a year earlier, the Pakistan Bureau of Statistics said on Friday. On a month-on-month basis, the CPI rose 1.15 percent from April, according to the bureau. Copyright Reuters, 2012 ...
Poultry sector faces Rs10 billion loss in four months  MULTAN: The country's poultry sector has faced about Rs 10 billion loss in just past four months due to spreading of Newcastle (Ranikhet) disease a highly contagious viral disease which affected all ages of chickens and birds. Talking to APP here on Thursday, president of Pakistan Veterinary Medical Association, Dr Waseem Rafiq said that about 44 million broiler chickens were died of Newcastle disease during past four months. He called for giving proper training to farmers along ...
Cement production increased to 44mn tonnes in 2011-12: Hafeez ISLAMABAD: Minister for Finance Dr Hafeez Shaikh on Thursday said that cement production capacity in the country increased to 44 million tonnes in 2011-12 from 30 million tonnes in 2006-07 due to the establishment of new cement plants. Launching the Economic Survey 2011-12 at a press conference here he said Pakistan's cement is being exported to Afghanistan, India, Africa and Middle East. Dr. Hafeez said that export of cement is exempted from the Sales Tax and Federal ...
400 villages to be electrified on solar  ISLAMABAD: The government is planning to electrify 400 villages through solar power as the country is blessed with a huge solar potential of more than 5-6 KWH/m?/day of irradiation in many areas. Launching Economic Survey 2011-12, the minister said the potential of solar energy is feasible for both Solar PV and Solar Thermal application. "The area with highest solar potential is the province of Baluchistan followed by Eastern Sindh and Southern Punjab promising technical and financially viable ...
RECORDER REPORT MULTAN: The United Nations Industrial Development Organization (UNIDO) has started a project of 10 million Euros for boosting up the Pakistani exports and would help in improving the standard of the products as per global market demand. It would introduce surgical instruments, agriculture, Horticulture and fresh fruits in European and Middle East markets, said Dr. Mike Dullan a representative of UNIDO While talking to executive committee member of Multan Chamber of Commerce & Industry (MCCI) ...
RECORDER REPORT Islamabad: The Federal Tax Ombudsman (FTO) Dr Muhammad Shoiab Suddle has directed the Federal Board of Revenue (FBR) to direct its field formations to determine revenue losses that has occurred because of defective e-Returns for companies (IT-1) for Tax Year 2010. He also urged the FBR to take steps to retrieve the loss, without charging any penalty or default surcharge to the taxpayers concerned. According to him, a defectively-designed electronic Return for corporate taxpayers (service sector) ...


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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
WeeklySeptember 25, 2014
Reserves $13.305 bln