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FPCCI yet to issue budget response ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Tuesday said that it is yet to react on federal budget presented on June 1 in the National Assembly. FPCCI's Working Group on the Federal Budget 2012-13 is presently examining the budget proposals and the Finance Bill, a spokesman of the chamber said. Official stand of the FPCCI will be issued once the Working Group completes the process of scrutiny, he added. The spokesman further clarified that different statements of FPCCI officials after announcement of the budget were their personal opinions and not the official stance of the Apex chamber. FPCCI would seek clarification from the Ministry of Finance on any anomalies which are not clear in the budget documents before releasing reaction. The spokesman clarified that a section of the press has mentioned VP, Shakil Ahmed Dhingra as the acting president which is incorrect. He said President, FPCCI Haji Fazal Kadir Khan Sherani ...

India, Pakistan can equally benefit from improved ties: IHC KARACHI: Indian High Commissioner in Pakistan Sharat Sabharwal has underlined the need for taking more concrete steps on both sides to strengthen trust and cooperation between India and Pakistan. Indian Prime Minister Dr. Manmohan Singh wanted best relations of his country with all Asian States especially the neighbouring ones, he said while speaking as the chief guest at the dinner hosted for him by Korangi Association of Trade and Industry (KATI) here on Monday. Indian Commercial Counsellor ...
Petroleum products consumption touches 13,879mn tonne in 9-month  ISLAMABAD: The overall consumption of petroleum products in the country has touched 13,879 million tonnes mark during nine months of current fiscal year as compared to 13,802 million tonnes in corresponding period of the previous year. The consumption posted a positive growth of 0.6 percent, said a data available with this agency. It said agriculture sector witnessed 40.8 percent decline followed by the government sector with 20.3 percent. Similarly, power sector and household sector had also shown negative ...
July-April period: Palm oil imports hit $1.891bn mark  RECORDER REPORT KARACHI: The country's palm oil import hit $1.891 billion mark during the first 10 months of current fiscal year, rising by over 18 percent or $292 million, the official statistics said. The country's import of palm oil during the first 10 months of last fiscal year stood at $1.599 billion, Pakistan Bureau of Statistics said. In terms of volume, Pakistan imported 1.687 million metric tons of palm oil in the July-April period of the current fiscal ...
Pakistani businessmen asked to explore trade opportunities with Cuba ISLAMABAD: Ambassador of Cuba to Pakistan, Jesus Zenen Buergo Concepcion Tuesday invited Pakistani business community to participate in the upcoming international expo scheduled to be held in Havana and explore trade opportunities. "Pakistani business community can have a chance to build bridges with participants from seventy countries which are taking part in this mega event," the ambassador said while talking to a delegation of businessmen. Jesus Zenen Buergo Concepcion said that Pakistani textiles, sports goods, surgical instruments, ...
Producers raise LPG price by Rs 6 per kg  KARACHI: Local producers of liquefied petroleum gas (LPG) have increased prices by Rs 6,100 to 73,470 per ton despite a decline in its international prices by $ 130 per ton. This was stated by the chairman of All Pakistan LPG Distributors Association and chairman FPCCI Standing Committee on LPG Abdul Hadi Khan here Monday. He has vehemently criticised the producers for raising LPG prices despite the cut in Saudi Aramco Contact Price for May 2012. This unjustified ...
Slight fall in Price indices  ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on May 31, for the lowest income group up to Rs 8,000, registered nominal decrease of 0.05 per cent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 175.45 points against 175.53 points registered in the previous week, according to provisional figures of Pakistan Bureau of Statistics (FBS). The weekly SPI has been computed with ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln