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Sports goods ISLAMABAD: The exports of sports good from the country witnessed positive growth of 2.96 percent during the first eleven months of the fiscal year 2011-12 against the exports of same period of previous year. The exports of sports good were recorded at US$302.206 million during July-May (2011-12) as compared to the exports of US$293.525 million during July-May (2010-11), according to the data of Pakistan Bureau of Statistics (PBS). Among the sports good, the major increase of 9.82 percent was recorded in the exports of footballs, as it grew from US$128.448 million to US$141.056 million. However, the exports of sports gloves decreased by 7.06 percent during the period under review, the PBS data revealed. The exports of gloves stood at US$101.016 million against the exports of US$108.687 million in 2010-11. The exports of other sports goods also increased by 6.64 percent by going up from US$56.390 million to US$60.134 million. Meanwhile, during the month of May ...

First Shipment of Mango for China KARACHI: China has opened its markets for Pakistani mangoes and in response, Pakistan has recently sent very first shipment of mangoes to China via Sea. Durrani Associates CEO A.Q. Khan Durrani said in a release on Monday that people will be surprised to know that china itself is 2nd largest producer of Mango in the world with annual production of 4.5 million tons. “In the first shipment 40 Ton of Mango is being exported to china ...
Labour force to expand by 3.5pc during current year  ISLAMABAD: The labour force is expected to grow by 3.5 percent during the ongoing fiscal year (2012-13) according to the projections of the government that have been made keeping in view the past average population growth and increase in the labour force participation rate. The labour force growth indicates that approximately 2 million new jobs would be demanded during the fiscal year 2012-13. As prevailing employment elasticity is 0.5, approximately 7 percent GDP growth would be required ...
Section-4 of Punjab Sales Tax: Punjab assures Sindh to look into its reservations  YASIR BABBAR KARACHI: Punjab has assured Sindh to look into its reservations over Section 4, "Application of principles of origin and reverse charge in certain situations," of Punjab Sales Tax on Services Act 2012. Informed sources told Business Recorder that the assurance came from a high official of Punjab Revenue Authority (PRA). They added that a high official of Sindh Revene Board (SRB) telephoned an official of PRA and conveyed to him Sindh's reservations over Section 4 of ...
Govt, providing all incentives, facilities to traders: Fahim  ISLAMABAD: Federal Minister for Trade Makhdoom Amin Fahim on Sunday said that government has been providing all incentives and facilities to the traders community in the country. While talking to PTV, he said European Union (EU) would give tax free access to Pakistan till 2014. He said that trade sector would boost up after getting access in different countries and Pakistan produced best vegetables, fruit and pulses in the world. He said that Pakistan export its fruit ...
Govt urged to cut GIDC to Rs50 per MMBTU  RECORDER REPORT LAHORE: Chairman All Pakistan Textile Mills Association (APTMA) Mohsin Aziz has urged the government to immediately cut the Gas Infrastructure Development Cess to Rs50 per MMBTU, as the industry is unable to pay Rs100 per MMBTU under the prevailing adverse business environment for the industry. He has strongly objected to the sudden increase in the Gas Infrastructure Development Cess from Rs13MMBTU to Rs100 per MMBTU and the industry was taking it as a heavy burden ...
Tax exemption on income derived from OPF Welfare Fund  RECORDER REPORT ISLAMABAD: The Federal Board of Revenue (FBR) has granted exemption from tax on income derived from Welfare Fund of Overseas Pakistanis Foundation (OPF) created under Rule 26 of the Emigration Rules of 1979 from the tax year 2003. The FBR issued a notification In this regard on Friday. According to the notification, exemption would be available to income for any tax year commencing from tax year 2003, derived from the Welfare Fund crated under Rule 26 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln