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Pak surgical delegation secures export orders in Malaysia KARACHI: A trade delegation of leading Pakistani exporters of surgical/dental and instruments recently visited Kuala Lumpur to explore Malaysian market and secured exports orders. According to Trade Development Authority of Pakistan (TDAP) here Monday, the delegation comprising nine leading exporters displayed their products at APHM International Healthcare Conference and Exhibition held from July 17 to 19, 2012 at Kuala Lumpur Convention Centre, Malaysia. The delegation, led by chairman Surgical Instruments Trade Association Jehangir Bajwa displayed their products and met with large number of buyers/importers. On his return, Bajwa expressed complete satisfaction on the levels of meetings held in Malaysia and said that exports orders have also been received by delegates. TDAP Chief Executive Tahir Raza Naqvi also expressed satisfaction over the delegation visit schedule and progress reported to be achieved by the delegates to Malaysia. Wajiullah Kundi, Pakistani Commercial Counsellor based in Kuala Lumpur worked very effectively towards making contacts with key representatives of Malaysian ...

Sports goods ISLAMABAD: Exports of sports goods from the country stayed positive at 0.47 percent during the fiscal year (2011-12) as against the same period of last year. The overall exports of sports goods from the country reached to $331.542 million during 2011-12 against the exports of $329.999 million recorded during previous year (2010-11), Pakistan Bureau of Statistics reported. Footballs contributed a major share in ensuring positive growth of sports goods as its exports increased by 8.13 percent by ...
FBR urged to withdraw controversial clarification  RECORDER REPORT ISLAMABAD: Tax experts have requested the Federal Board of Revenue (FBR) to withdraw a controversial clarification, which has created an anomaly on the issue of Minimum Taxation under 153(1)(b) of the Income Tax Ordinance, 2001. Experts told Business Recorder here on Sunday that the clarification letter C.No.1(10)WHT/2006-Pt.III dated November 01, 2010 issued by the Secretary (Withholding Tax) FBR is not only contrary to the law but also against the verdicts of Federal Tax Ombudsman in ...
Reap refutes BGA allegations  RECORDER REPORT LAHORE: Basmati rice exports have grown from 347,000 metric tons in 2000-1 to 1,138,000 metric tons in 2010-11, recording a total increase of 228 percent averaging 23 percent per annum for the last 10 years. This has been claimed in a statement issued by the spokesman of Rice Exporters Association (Reap) here on Saturday. Reap took strong exception to a Basmati Growers Association (BGA) recent statement that the Basmati rice exports were stagnant for the last ...
Fisheries: Destructive nets pose threat to export sector  ANWAR KHAN KARACHI: Over 2,000 boats continue trawling with destructive nets raising alarms for the country’s 300-million dollars fisheries exporting sector, experts said on Saturday. Pakistan exported 124,489 tons of seafood amounting 315.525 million dollars in the last fiscal year 2012, but exporters expect further increase of fisheries product to the global markets. However, groups of fishermen continue to voice for the strict implementation of rules to protect the declining fisheries stocks. The destructive nets are largely held ...
Food Imports fall 0.60pc  ISLAMABAD: Food imports into the country decreased to US$ 5.048 billion during Financial Year (2011-12), showing negative growth of 0.60 percent when compared to the exports of US$ 5.078 billion during the corresponding period of the previous year. The major food products that witnessed negative growth in imports during the period under review included milk, cream and milk food for infants, imports of which decreased by 2.81 percent, according to the data of Pakistan Bureau of ...
Tax machinery shake-up: 23 senior officials transferred, posted  RECORDER REPORT ISLAMABAD: In a major reshuffle in tax machinery, the Federal Board of Revenue (FBR) has transferred and posted 23 senior officials of Inland Revenue Service and Pakistan Customs Service (BS-20/21) with immediate effect. In this connection, the FBR has issued a notification here on Friday. According to the notification, Muhammad Anees (Pakistan Customs Service BS-21) has been given new assignment as FBR Member Enforcement. Mustafa Ashraf Tabassum (Inland Revenue Service/BS-21) Chief Commissioner, Large Taxpayers Unit, Lahore ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln