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Major Kharif crops ABDUL RASHEED AZAD/FAZAL SHER ISLAMABAD: The production of major Kharif crops is likely to decline due to shortage of water and non-availability of electricity in the country. According to senior officials of the Ministry of Food Security and Research Pakistan, during the winter season important crops like paddy, cotton, sugarcane, maize, fodder and pulses were sown. The country missed the area under crop cultivation target of rice and cotton due to shortage of water and prolonged power load-shedding, which in rural areas peaked at nearly 20 hours a day. The target area under cultivation of cotton was eight million acres, while it was sown at a little over seven million acres. Similarly, the area target of rice was six million acres which was also not achieved, official maintained. "Two-three bags of urea are used per acre of land. If the quantity of fertilizer used is reduced by just 10 percent, the overall productivity per ...

Import of pulses shows big increase  RECORDER REPORT KARACHI: Pakistan's import of variety of pulses registered $ 6.911 million increase in the first 11 months of the current fiscal year to $ 377.738 million, importers said on Monday. They said the country suffered a huge loss of its crops because of the harsh weather condition, which scaled down the pulses yield phenomenally during the last winter.  In the first 11 months of the last fiscal year, the country had made $370.827 million of ...
Decrease in POL products RECORDER REPORT ISLAMABAD: On the request of the Ministry of Petroleum and Natural Resources, the Federal Board of Revenue has taken strict measures to check cross-border smuggling of petroleum products in view of considerable decrease in the POL products prices in Pakistan. In this connection, the FBR has issued instructions to the Collector of Customs, Model Customs Collectorates (MCCs) here on Monday. According to the FBR instructions to the field formations, the Ministry of Petroleum & Natural Resources ...
PM House Spokesman rejects PEW report  ISLAMABAD: The Spokesman of the Prime Minister's House has categorically rejected the assertions contained in a report of Pakistan Economy Watch (PEW), which was published in a section of press. The Spokesman referred to performance of Karachi Stock Exchange on July 2 wherein 100 index of KSE touch all-time high in six weeks after an increase of 341 points. The investors, he said, felt especially attracted to fertilizers and cement stocks due to maintenance of Rs. 197 ...
Online vehicle verification begins  KARACHI: Sindh minister for excise and taxation Mukesh Kumar Chawla has said that his department has initiated the process of online verification of vehicles registered in Sindh to facilitate people. Inaugurating a data procession center at his office here Monday he said now the vehicles registered in Sindh province could be verified online form any part of the country. He said the process would not only facilitate police and CPLC but also help in controlling vehicle theft. ...
South Korea allows Pak mangoes import  KARACHI: South Korea has finally allowed import of Pakistani mango while approving the standard/quality of the king of fruits. The first ever shipment of mango to Seoul has been started during the ongoing season, said co-chairman, Pakistan Fruit and Vegetable Exporters, Importers and Merchant Association (PFVA) Waheed Ahmed here Monday. "With this land mark achievement, Pakistani mango exporters got the market access of a third highly valued and important country after United States and Japan", he noted. He ...
Smuggled cigarettes cause Rs 10 bln loss to national exchequer  ISLAMABAD: Around 15 billion smuggled and duty-non-paid cigarettes are sold annually in the country causing loss of more than Rs 10 billion to the national exchequer. According to sources, besides financial loss, this illicit trade undermines public health agenda as these tobacco products fail to comply with the regulations issued by the government. Most of these packs do not even carry the Urdu health warning while the regulations prohibiting consumer promotions are also being blatantly violated, they ...


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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 $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln