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KARACHI: Trading Corporation of Pakistan (TCP), in response to its international tender floated on April 18, has awarded import contract for a quantity of 100,000 metric ton urea at $ 522.86 per metric ton (PMT) C&F, to the lowest bidder M/s. Gavilon Fertilizer LLC, USA. According to TCP here Monday, 14 bids received in the tender and all were found responsive in terms of prescribed evaluation criteria. The prices quoted in the tender ranged from $ 522.86 per metric ton to $ 549.00 per metric ton (C&F). M/s. Gavilon Fertilizer LLC, offered the lowest price of $ 522.86 for 100,000 metric ton. As the offer conformed to all technical specifications and was the lowest, the contract was awarded, to the lowest bidder for a total quantity of 100,000 metric ton. TCP is importing urea in pursuance of the directive of ECC of the Cabinet to avert any shortage and ensure smooth availability of ...

ISLAMABAD: The National Economic Council (NEC) is scheduled to meet here on May 24 (Thursday) to consider and approve Rs.825.2 billion Public Sector Development Programme (PSDP) (2012-13) recommended by Annual Plan Coordination Committee (APCC) on May 10. Spokesman of the Planing Commission, Ishfaqullah Khan told APP that meeting which is likely to be presided over by Prime Minister Syed Yusuf Raza Gillani would also be participated by chief ministers of the four provinces, chief minister of ...
ISLAMABAD: The exports of engineering goods from the country to top fifteen importing countries surged by 27.50 percent during the first half of the current fiscal year as compared to the same period of last year. The exports of engineering goods to Afghanistan, USA, China, UK, Germany, United Arab Emirates, Netherlands, India, Saudi Arabia, Bangladesh, Italy, Sri Lanka, France, Belgium and Oman reached to US$ 407.36 million during July- December (2011-12). The exports to these countries during ...
ISLAMABAD: More than 6.8 million families have been declared eligible through Poverty Scorecard Survey under Benazir Bhutto Income Support Programme(BISP), said an official source on Monday. He said the remaining 3 million will start receiving BISP benefits after obtaining CNICs from NADRA, adding that government has launched BISP in July, 2008 with immediate objectives to cushion the negative effects of the food crises and inflation on the poor, particularly women, through the provision of cash. To a ...
ISLAMABAD: Pakistan Agriculture Storage and Services Corporation (PASSCO) has so far procured about 730,000 tons of wheat during its procurement campaign of the commodity for the year 2012-13. The corporation was assigned by the Economic Coordination Committee of Cabinet (ECC) to procure 2 million tons of wheat to maintain strategic food reserves as well as for export, said General Manager Marketing PASSCO, Col (Retd) Tanveer Hussain. Talking to APP here on Monday he said that the corporation ...
ISLAMABAD: Vice President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik have stressed the need for announcing a budget that can trigger economic activity and growth in the country. Speaking to business community at FPCCI Capital Office here, Iftikhar Ali Malik said also called for making focused efforts to mobilize domestic resources for the development of the country. Secretary General SAARC CCI Iqbal Tabish, Chairman Media Malik Sohail and others were also present on the occasion, ...
ISLAMABAD: The exports of fish and meat increased by 10.62 percent and 16 percent during the 10 months of the current fiscal year as compared to the same period of last year. Exports of fish and fish preparations during July-April (2011-12) were recorded at US$ 259.342 million against US$ 234.448 million during July-April (2010-11), according to the data of Pakistan Bureau of Statistics. The seafood exports, however, witnessed decrease in terms of quantity by from 103,800 metric ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln