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REOCRDER REPORT SIALKOT: The worst form of loadshedding is adversely hitting the industrial sector of this export-oriented city and hub of cottage industry of the country resultantly the productivity has become standstill and posing threats of wide unemployment. The surgical and hosiery industries are under stress and facing serious problems in continuing the productivity and accomplishing the foreign orders. Sialkot is earning 1.5 billon US dollars through its export annually and strengthening the national exchequer as well as providing employment opportunities to thousands of workers including women folk. Apart from this, manufacturers as well as poor segment of the society are confronting with grim economic constraints but it was very unfortunate that the concerned quarters are ignoring this highly sensitive issue. The industrial sector of any country always plays an instrumental role in not only earning foreign exchange for strengthening the economy but also providing job opportunities to the skilled, semi-skilled and educated ...

ISLAMABAD: Federal Minister for Petroleum and Natural Resources Dr Asim Hussain has said that Liquefied Petroleum Gas (LPG) is an alternative source of Compress Natural Gas (CNG). Talking to PTV, the Minister said "we can overcome shortage of gas in the country through promoting LPG". He said it was not feasible to run everything on gas, adding the gas supply from Qadir pur, sui field will halt by 2020. He pointed out that establishment of Liquified Natural Gas ...
RECORDER REPORT LAHORE: Cement industry circles has termed increase of Rs 10 per 50kgs cement bag by the south zone's cement companies and decrease of Rs 20 per bag in the north zone as a proof that there is no cartel working in the industry. Sources in the industry said the allegation of cartelisation in the cement sector did not hold grounds because the cement manufacturing units in the north and south zones acted as per the ...
GHULAM ABBAS KARACHI: In the absence of a Geographical Indication (GI) law, the superior quality Pakistani Basmati rice may lose its position in the international market after the Philippines and Bangladesh moved to introduce their rice varieties. Exporters said that the country's traditional exports, especially the Basmati rice, hitting the demand for the aromatic agricultural product abroad. The existing Trade Marks Ordinance also does not fully encompass all issues covered by a comprehensive Geographical Indication law. India has ...
RECORDER REPORT ISLAMABAD: The Asian Development Bank (ADB) in its recent report has said that the energy deficit is a major constraint on efficient economic growth in Pakistan. The report titled '2011 Clean Energy Investments' notes that energy deficit is a major constraint on efficient economic growth in Pakistan. To ensure a sustainable supply of energy, the government of Pakistan launched a number of initiatives to promote private sector participation in the country's energy infrastructure, including the ...
KARACHI: Developing and promoting small and medium (SME) sector in Pakistan is need of the hour in order to rescue dwindling economy of the country, said Chairman, Korangi Association of Trade and Industry (KATI) Ehtesham Uddin here on Saturday. Addressing a training course on “Business Edge Training Methodology”, jointly organized by Business Support Fund (BSF) Ministry of Finance and IFC (International Finance Corporation) partner, New World Concepts at KATI’s premises, Ehtesham said that SME sector bears ...
RECORDER REPORT LAHORE: The fertilizer manufacturers in Pakistan have urged the government to take advantage of their offer to buy locally manufactured urea instead of buying the same from international market by spending huge foreign exchange. Government should immediately stop importing urea in the country, which is already available for the current season and rather spend the foreign exchange for importing furnace oil for the power sector to overcome the energy crisis in the country, fertilizer industry ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln