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RECORDER REPORT KARACHI: The country's ailing cottage industry wants the government to introduce a budgetary plan of three-year tax holiday for small-scale manufacturers to offset the financial losses they have suffered because of the persistent violence in the city. Talking to Business Recorder, President of All Pakistan Organisation of Small Traders and Cottage Industry, Mehmood Hamid, said the government should exempt the Karachi's small traders of taxes for the next three years so that the negative impact which had hit their businesses in years of violence could be scaled down. "Target killings and violence claimed 400 lives in the last four months of the current fiscal year," he pointed out, saying that the government should declare Karachi a violence-hit city and give budgetary concessions to the businessmen community of the metropolis. He said the terrorists, vandals and extortionists were choosing traders and their businesses, adding that so far 13 grenades were hurled at shops ...

RECORDER REPORT ISLAMABAD: Pakistan and India on Monday held join secretary level talks to explore the possibility of trade in petroleum products. Pakistani delegation was headed by Shabbir Ahmed Joint Secretary Ministry of Petroleum, while P Kalyanasundaram, Director (International Cooperation & Corporate Affairs), Ministry of Petroleum & Natural Gas, Government of India led the Indian side. According to the Petroleum Ministry officials, both sides discussed the route, rates and sources of Indian petroleum products that may be imported ...
ISLAMABAD: The export of sports goods from the country during the first ten months of current financial year registered an increase of 2.37 percent as compared to the same period of last year. According the data of Pakistan Bureau of Statistics, the sports goods worth US$ 269.17 million exported during the period from July-April 2011-12, which were recorded at US$ 262.94 million in first ten months of last financial year. During the period under review, the export ...
ISLAMABAD: Shri Vikramjit Singh Sahney, President SAARC CCI has appreciated the round of Secretary level talks between Interior Ministries of India and Pakistan, concluded in Islamabad, stating that continued dialogue will help in resolving important issues, which will positively affect the economic cooperation between two neighbouring countries as well entire South Asian region. While appreciating the holding of talks, which concluded with the adoption of 23 point agenda, President SAARC CCI admired that both the Governments ...
ISLAMABAD: Pakistan and Ukraine have great potential of trading and investment in many sectors, which are needed to be exploited through greater co-operation between the two countries. Mr.Volodymyr Lakomov, Ambassador of Ukraine in Pakistan, made these remarks in a meeting with Yassar Sakhi Butt, President, Islamabad Chamber of Commerce and Industry (ICCI). He said that Ukraine is rich in mineral, energy resources and mechanical products like airplanes, turbines, locomotives and tractors. He said that Ukraine is exporting ...
ANWAR KHAN KARACHI: Pakistan is near resuming its seafood export to the European Union, banned since 2007, as negotiations with the union have entered the final stage close to lifting the ban, fisheries officials said on Sunday. The 27-country bloc had banned Pakistan's seafood exports since April 2007 for failing to meet its specifications regarding traceability and cold-chain maintenance. The country incurs an annual loss of at least $50 million, the officials said. Sources close to the negotiators told ...
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 ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln