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LSM output grows 4pc in FY 2013-14 ISLAMABAD: The country's Large-Scale Manufacturing (LSM) output grew by 3.95 percent during the fiscal year 2013-14 compared to last year.The Quantum Index Numbers (QIN) of LSM stood at 121.66 points during July- June (2013-14) as compared to 117.04 points in July-June (2012-13), according to the latest data of Pakistan Bureau of Statistics (PBS).Meanwhile, on year-on-year basis, the LSM grew by 0.25 percent in June 2014 compared to the production of June 2013. The data showed that the QIN of LSM in June 2014 stood at 115.18 points against 114.89 points in June 2013.However, on month-on-month basis, the LSM witnessed negative growth of 2.74 percent in June when compared to the growth of 114.89 points in May 2014.The QIN shows industrial productivity of 100 items received from Oil Companies Advisory Committee (OCAC), Ministry of Industries and Production, and provincial bureaus of statistics.The OCAC provides data of 11 items, the Ministry of ...

Pakistan needs more wheat imports despite recent buys HAMBURG: Private buyers in Pakistan still need more wheat imports after a disappointing local harvest despite heavy purchases in recent months of mainly Russian and Ukrainian supplies, European traders said on Monday.But a weakening exchange rate means Pakistan's importers are waiting for further wheat price falls before making purchases, traders said.Traders said purchases of around 300,000 tonnes in the coming months are possible if prices and exchange rate movements permit."Purchase inquiries are being made for ...
Furniture exports up 16.31pc ISLAMABAD: Exports of furniture from the country increased by 16.31 percent during July 2014 compared to the same months of last year.The country earned $0.770 million from the exports of furniture compared to the $0.662 million in July 2013, according to data of Pakistan Bureau of Statistics (PBS).On month-on-month basis, the exports of furniture increased by 8.30 percent in July 2014 when compared to the exports of $771 in June 2014, the data revealed.It is ...
Halal meat export increases to US $ 230.2mn last year ISLAMABAD: Halal meat export has fetched foreign exchange of US $ 230.2 million during 2013-14, showing almost 9 per cent increase as compared to same period last yearThe export of Halal meat during fiscal year 2012-13 was US $ 211.1 million, however, the steps being taken by government in the sector resulted in registration of growth.Sources at Pakistan Bureau of Statistics (PBS) on Monday said during last fiscal year, the export of other food items ...
FPCCI President for subsidy on agri-products KARACHI: President FPCCI, Zakaria Usman, expressed his serious concern over the issue of food security and urged the Government to provide subsidy on agricultural products related to food security to compete in the international market.In a letter to Federal Minister for Commerce, Engr. Khurram Dastagir Khan, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zakaria Usman suggested that the government can provide subsidy on those agricultural products which are concerned with the global ...
FBR extends date for payment of ST,FED and filing of tax returns ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date for payment of Sales Tax, Federal Excise Duty and filing of Sales Tax/Federal Excise Returns for the tax period July 2014 for all registered persons upto August 27.A notification of the FBR issued here on Friday said. Copyright APP (Associated Press of Pakistan), 2014 ...
Weekly Inflation decrease 0.33pc ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on August 22 for the lowest income group up to Rs. 8,000 registered decrease of 0.33 percent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 208.52 points against 209.20 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with base 2007-2008=100, covering ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln