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Business & Economy


Agriculture sector exhibits 3.1pc growth this year  ISLAMABAD: The agriculture sector has exhibited growth of 3.1 percent during last ten months of current fiscal year mainly due to positive growth in agri-related sub-sectors, except minor crops. Major crops accounted for 31.9 percent of agricultural value added and experienced a growth of 3.2 percent during the period with negative growth of 0.2 percent last year. The significant growth in major crops is contributed by rice, cotton and sugarcane by 27.7 percent, 18.6 percent and 4.9 percent, respectively. As per data of Pakistan Bureau of Statistics, minor crops contributed 10.1 percent value addition in agriculture and exhibited a negative growth of 1.3 percent during the year against 2.7 percent growth of 2011. The livestock sector, which has 55.1 percent share in the agriculture, grew by 4 percent during this year while fishery sector grew by 1.8 percent as against last year's growth of 1.9 percent. Forestry sector posted a positive growth of 1 percent ...

International Day against drugs to be observed tomorrow  ISLAMABAD: International Day Against Drug Abuse and Illicit Trafficking will be observed tomorrow on June 26 across the world including Pakistan with a resolve to eliminate the menace of drug trafficking. In this regard, Anti Narcotics Force (ANF) will organize a drug burning ceremony. Parliamentary Secretary Narcotics Inayat Ali Shah will be the chief guest on the occasion, while Director General ANF Malik Zafar Iqbal and other senior officials of ANF and diplomats will attend the ...
Pak, India trade to continue despite clashes at LoC ISLAMABAD: Chairman Karachi Chamber of Commerce Mian Abrar Ahmed said trade between India and Pakistan cannot be stopped despite clashes at Line of Control (LoC). Talking to VOA, he said that international community is gripping energy crisis in near future and both India and Pakistan jointly face the problem.        He said exchange of trades is in beneficial forPakistan and India and both countries will contribute trade cooperation with Central Asian states. To a question, he said ...
255 traders’ associations support sit-in plan in Karachi on June 26  KARACHI: As many as 255 traders’ associations and market associations of Karachi have announced the sit-in program of June 26 at 5.00p.m in front of Memon Mosque near Bolton Market. The sit-in is being staged against lawlessness that has destroyed the business. According to a press release of All Pakistan Organization of Small Traders & Cottage Industries, the following associations have extended the support to staging sit-in: Pak Alliance of Market Association, Printing Association, Marriott Road Small ...
Milk, yogurt prices soar ahead of Ramazan  GHULAM ABBAS KARACHI: A fresh move to control prices of items of daily use was thwarted by profiteering retailers after milk and yogurt prices soared again just a month before Ramazan. Yogurt, which is caonsumed in large quantities in summer, jumped above Rs100 per kilogramme, while fresh milk was being sold at Rs74-75 at retail outlets, contrary to government-fixed rate of Rs70 per kg. Although all district managements under Deputy Commissioners had fixed rates for yogurt and milk ...
Govt likely to suspend gas supply to textile industry for 15 days  RECORDER REPORT LAHORE: Despite all the opposition from the owners and workers, the government is likely to cut gas supply to textile industry for at least 15 days anytime from now onwards. According to the sources, gas supply to the textile industry is likely to be disconnected in order to improve power generation through gas-based Independent Power Producers (IPPs). It may be noted that the government has already cut gas supply to the fertiliser industry for the same ...
Rs475mn allocated for forest development  RECORDER REPORT LAHORE: With a view to developing, maintaining and maximising forest resources in a scientific, environmentally sustainable, ecologically stable and socially acceptable manner, the Punjab government has allocated Rs 475 million for developmental projects in this sector for the financial year 2012-13. 'The provincial government is fully cognizant of the fact that flora and fauna is not only helpful in environmental up gradation but also help in maintaining a moderate atmosphere in the region,' sources in ...


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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 $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln