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Gov ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) said that the Non-Tariff Barriers (NTB) were hampering the cement exports and urged the government to explore new markets for the growth of the industry in the country. "The local cement industry needs attention as its growth is considered a major indicator of economic activity," ICCI President Yasir Sakhi Butt said while commenting on the decrease in cement exports. He was of the view that new export destinations should be explored and stated that Sri Lanka has also shown interest in importing huge quantity of cement from Pakistan every month. If the industry is able to avail the opportunity offered, it may secure a significant share of Sri Lanka market by supplying required quantity of cement annually, he added. He said cement is one of the major commodities that is abundantly available in Pakistan and can be exported to neighbouring countries even through the land ...

USC super market achieves sale target of Ramazan in just 15 days ISLAMABAD: The Super Market of Utility Stores Corporation (USC) here at G-9 Markaz has achieved the sale target of Ramazan in just 15 days. Store Manager Chan Zaib told APP that due to the attractive Ramazan package, a record sale is going on at the USC stores across the country. "A target of Rs 50 million sale was set for the store during the holy month of Ramazan, which has been achieved in only 15 days", the ...
ICCI urges promotion of high tech engineering goods’ exports ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) emphasized on promotion of exports of high tech engineering goods as they could strengthen and widen national export base. Yasir Sakhi Butt, President ICCI in a statement issued here Wednesday said that measures need to be taken immediately on war footing to support and save our engineering industry from total collapse. Therefore government should continue tariff rationalization to provide level playing field to local engineering industry and to extend ...
Punjab fails to achieve paddy sowing target  M RAFIQUE GORAYA LAHORE: Punjab has failed to achieve FY2012-13 paddy cultivation target by about one million acres due to 43 percent below normal rains, markedly reduced river inflows in June/July, high cost of diesel oil and 18-20 hours daily electricity load shedding in rural areas. Director General, Agriculture Extension Services, Punjab Dr Anjum Ali told Business Recorder that the farmers could plant paddy nursery over an area or 3.2 million acres against the target of 4.33 ...
Position of FBR Member IR divided into two new slots  RECORDER REPORT ISLAMABAD: The Federal Board of Revenue has divided the position of the FBR Member Inland Revenue (IR) into two new slots – FBR Member North and FBR Member South - under reforms with new assignment to FBR Member North Syed Ijaz Hussain (Inland Revenue Service/BS-21) while Shahid Hussain Asad has been transferred as Member (Training-IR), FBR. The FBR has issued notifications to this effect here on Tuesday. Under the new organizational structure of the FBR, the ...
Rs104bn outstanding bills, losses hinder power system ISLAMABAD: The government is to recover outstanding electricity charges worth Rs 82 billion besides line losses valuing Rs 22 billion and both the factors hinder improvements in the country's power distribution and generation system, said Chief Energy Management Cell Tahir Basharat Cheema on Tuesday. Briefing the Senate Assembly Standing Committee on Water and Power, he said that the power distribution companies were yet to recover Rs 181 billion from the private consumers, criticizing performance of the ...
ICCI urges Government to save cement industry ISLAMABAD: Local cement industry is in dire need of Government attention as Growth of cement industry is considered a major indicator of economic activity.Yassar Sakhi Butt, President Islamabad Chamber of Commerce and Industry (ICCI) expressed deep concern over decline of 1.64 percent in exports of cement compared with the dispatches achieved in last year July 2011. He said that major factors responsible for a downturn in the industry include exorbitant increase in cost of fuel, high ...


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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln