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New textile policy demanded FAISALABAD: Textile exporters have demanded the approval of new txtile policy for redrassal of the exporters' problems. Expressing concern over the delay in the approval of textile policy here Friday, Sohail Pasha, chairman and Rizwan Riaz, vice chairman of Pakistan Textile Exporters Association (PTEA) demanded that new five-year textile policy should include financial and industrial facilities, remove hurdles and ensure the provision of necessary incentives to enhance the textile exports to USD 26 billion by 2019. They said that textile policy should be progressive and realistic as GSP plus trade incentives had opened a big window of opportunity for Pakistan to not only push up its textile exports to the world but also produce a trade surplus to help the government overcome its trade deficit. Rizwan Riaz urged the government to resolve the crisis as challenges like energy crisis, high interest rate, liquidity crunch, and financial stress is holding this ...

CM assures all support to increase rice export KARACHI: Sindh Government and Rice Exporters Association of Pakistan (REAP) on Thursday agreed to undertake joint efforts for promoting rice cultivation, capacity building of rice growers and increase the volume of rice export for their bilateral benefits.Sindh Chief Minister, Syed Qaim Ali Shah formed committee headed by Sindh Minister for Agriculture Sardar Ali Nawaz Khan Mahar with Secretary Agriculture and representatives of REAP as members, said an official statement.The committee was assigned to work out ...
Wheat production target of 19.5mn ton achievable MULTAN: Agriculture experts advised farmers to reduce wastage of agriculture implements by tackling weeds problem to meet wheat production target of 19.5 million ton for the year 2014-15 and increase per acre production to 31.66 Maunds.Assistant director agriculture information, Naveed Asmat Kahlon told media persons on Thursday that Pakistan produced 19.4 million wheat last year when average per acre yield was witnessed at 31.14 Maunds. However, this year the production target was increased up to ...
Cement industry posts growth despite facing issues KARACHI: The cement sector has urged the federal govt to address the issues impeding the actual growth potential of the cement industry which is still performing well in view of overall turmoil in the economy, a spokesman for APCMA said in a statement Thursday.He said with a growth of 9.39% in sales over same period of last year the cement sector continues to struggle against ever increasing input costs including electricity and shortage of gas ...
NA adopts motion of NA body on support price of wheat, rice price ISLAMABAD: National Assembly on Thursday adopted a motion moved by Standing Committee on National Food Security and Research regarding support price of wheat rice, cotton and sugarcane in the country.The motion was moved by the Malik Shakir Bashir Awan.The matter was raised by Muhammad Raza Hayat Haraj on October, 28 regarding support price of wheat, rice, cotton and sugarcane.Copyright APP (Associated Press of Pakistan), 2014 ...
SECP registered 315 companies in November ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 315 new companies in November, says a statement of SECP here on Thursday.Around 89 percent companies registered as private limited companies, while around 6 per cent registered as single member companies and 3 per cent as public limited, the statement added.Two percent of the companies have been registered as non-profit associations, trade organizations and foreign companies. One license has also been issued for anon-profit during ...
Inflation, prices go down with oil prices reduction ISLAMABAD: National Assembly was informed on Thursday that reduction in sensitive price index has been recorded with reduction in petroleum prices and the federal government has directed provincial governments to ensure relief for the common man.Parliamentary Secretary Finance, Revenue and Economic Affairs Rana Muhammad Afzal Khan told the House that prices of 14 items have shown reduction in prices including onion, potato, banana, sugar and other essential items.He further informed that inflation rate has decreased ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyDecember 22, 2014
Reserves $14.042 bln