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Weekly inflation increases by 0.29pc ISLAMABAD: The weekly inflation for the week ended on May 28 for the lowest income group up to Rs 8,000 registered an increases of 0.29 percent as compared to the previous week.The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 203.98 points against 203.39 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 17 urban centers and 53 essential items for all income groups and combined.Meanwhile, the SPI for the combined income group was also increased by 0.38 percent as it went up from 211.62 points in the previous week to 212.42 points in the week under review.Similarly, as compared to the corresponding week of last year, the SPI for the combined group in the week under review increased by 0.69 percent.As compared to the last ...

Industrial Carnival draws large number of people HYDERABAD: The Third Industrial Carnival 2015 organised by Hyderabad Chamber of Commerce and Industry (HCCI) attracted a large number of people from Hyderabad and its adjacent areas.The carnival commenced from May 21 and will end on May 30. Its aim is to promote local economy and industries, said a statement released here on Thursday.Majority of people found quiz show and other programmes most attractive and beneficial where they won prizes worth thousands rupees.Among other prizes, ...
Exports show 23pc increase after GSP Plus status: TDAP RAWALPINDI: The country's exports have registered 23 % increase after gaining GSP plus status from the European Union, said Resource Person of Trade Development Authority (TDAP) Ahmed Fasih here on Thursday.He was addressing a seminar jointly organised by Rawalpindi Chamber of Commerce and Industry (RCCI) and TDAP on "Impacts of GSP plus status on country's economy." Director General TDAP Khalid Rasool, President RCCI Syed Asad Mashahadi and a number of RCCI members attended the seminar.Dispelling ...
100 basis point cut in Policy Rate to spur business activities: ICCI ISLAMABAD: Islamabad Chamber of Commerce and Industry on Monday welcomed the 100 basis point cut in policy rate to bring it down from 8pc to 7pc and termed it a positive initiative as it will decrease cost of doing business, encourage new investment and spur better economic growth in the country.President, Islamabad Chamber of Commerce and Industry(ICCI),Muzzamil Hussain Sabri said after the recent recession, many countries made drastic cuts in policy rates to restore economic ...
APTMA for using textile industry growth potential for jobs creation LAHORE: All Pakistan Textile Mills Association (APTMA) on Monday urged the government to utilise growth potential of textile industry for employment creation. Association's Chairman S.M. Tanveer stated here that he had put forward budget proposals which also stressed the need to operationalize closed capacity by providing guaranteed uninterrupted energy supply to export-oriented textile industry at competitive rates. Fiscal incentives including zero rating tax holiday, interest support for new investments in all textile sectors should be ...
First phase of FTA implementation boosts Pakistan's exports to China ISLAMABAD: Pakistan and China have completed first phase of implementation of Free Trade Agreement (FTA) 2012-13 and during this period exports to China recorded growth of 320 per cent.Similarly, during the period, the imports grew at 120 per cent, sources at Commerce Division said here on Monday.The sources said in order to better utilize concessions and address concerns of the domestic industry, Ministry of Commerce has started negotiations on 2nd phase of FTA with Chinese ...
CM approves release of Rs 2.5bn to achieve wheat procurement target KARACHI: Sindh Chief Minister, Syed Qaim Ali Shah Thursday approved release of Rs 2.5 billion to procure 200,000 tons of wheat to achieve the procurement target."I want fair distribution of 'bardana' and small growers must be given due share."These directives he issued to Minister for Food Gianchand Israni while presiding over a joint meeting of Food and Finance departments here at CM House, said a statement on Thursday.The meeting was attended by Sindh Minister for ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln