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RECORDER REPORT KARACHI: Reacting to the government's fresh move of increasing fuel prices, exporters of textile sector on Monday said the rise would have a negative impact on the country's 'ailing' manufacturing sector. They said the increase was a 'blow' to the country's already declining exports of textile sector and feared the soaring cost of production and energy crisis would bring the existing manufacturing units to a closure. Talking to Business Recorder on Monday, Chief Coordinator of Pakistan Readymade Garments Manufac-turers and Exporters Association (Prgmea), Ijaz A. Khokhar said the textile industry was unable to bear the fresh fuel price hike. He said the industry was already faced with many challenges like energy crisis, poor infrastructure and high cost of business, adding the fresh increase would slowdown textile sector manufacturing growth and overall exports during the current fiscal year. He said the Pakistan's textile was facing a stiff tariff competition on the world market ...

ZAHEER ABBASI ISLAMABAD: The headline inflation measured by Consumer Price Index (CPI) and largely driven by the food inflation witnessed an increase of 10.79 percent in March 2012 over the same month of last year, according to Pakistan Bureau of Statistics (PBS). Official figures of monthly inflation, CPI, released by the PBS showed 10.79 percent average inflation during July-March 2011-12 over the same period of last year. Secretary Pakistan Bureau of Statistics, Sohail Ahmed and DG said ...
ISLAMABAD: As part of its mandate to develop the debt capital market in Pakistan, the SECP has approved the Debt Securities Trustee Regulations, 2012. According to a statement issued by the Commission issued here on Monday, these regulations will provide guidance to the trustees in discharging their responsibilities under the Trust Deeds. The regulations empower the trustees to (i) regularly monitor payment of profit/markup/interest to the debt security holders and redemption of the securities; (ii) regularly monitor ...
ISLAMABAD: The exports of fish and fish preparations surged by 14.69 percent during the first eight months of current fiscal year (2011-12) against the corresponding period of last year. The exports of fish and fish preparations were recorded at $195.284 million during July-February (2011-12) as against the exports of $170.274 million during July-February (2010-11), according to data of Pakistan Bureau of Statistics (PBS). However, in terms of quantity, the fish exports witnessed nominal increase of 0.34 percent ...
ISLAMABAD: Ministry of Commerce and Trade Development Authority of Pakistan in collaboration with all chambers of commerce would arrange awareness campaign on trade potential between Pakistan and India.  Talking to APP an official of Trade Development Authority said that a series of 10 seminars would be arranged thorough the country and start from April 3 to May 3, 2012. Copyright APP (Associated Press of Pakistan), 2012 ...
RECORDER REPORT ISLAMABAD: Weekly inflation surged by 9.49 percent on March 29, over the same period of last week on the back of continuous increase in prices of essential commodities- vegetable, fruits, cooking oil ghee and chicken etc. The official figures of weekly inflation, Consumer Price Index (CPI), released by the Pakistan Bureau of Statistic (PBS) here on Saturday revealed that price of per kilogram cooking oil and ghee witnessed an increase of five rupee during the ...
LAHORE: Pakistan Agriculture Storage and Services Corporation Limited (PASSCO) has contacted interested local buyers to sell 0.450 million tonnes of wheat and made agreement in this regard. According to PASSCO sources, transportation of wheat is going on and this process would continue till April 15, 2012. Copyright APP (Associated Press of Pakistan), 2012 ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln