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Imports of palm, soyabean oil decreased during last year ISLAMABAD: Imports of edible oil in the country including soyabean and palm oil registered decrease during the financial year 2014-15 as compared to corresponding period of last year.According the data of Pakistan Bureau of Statistics (PBS), palm oil import reduced by 6.46 percent where as soyabean oil witnessed 51.93 percent decrease in its import during financial year 2014-15.During the period from July-June 2014-15, palm oil import decreased by 6.46 percent and was recorded at 2,396 million tons valuing US$ 1.779 billion as compared to imports of 2,264 million tons costing US$ 1.90 billion of fiscal year 2013-14.During the period under review, imports of soyabean oil also reduced by 51.93 percent and recorded at 56,176 metric tons costing US$ 56.309 million as compared to imports of 118,093 metric tons valuing US$ 117.150 million during financial year 2013-14.Meanwhile, on month on month basis, the import of palm and soyabean oil also decreased ...

Cotton growers advised to monitor weather LAHORE: The Punjab Agriculture department has advised to cotton growers to monitor weather predictions before watering the fields here on Tuesday.According to spokesman, farmers should adopt proper strategy to drain rain water from fields where it accumulated, and if drainage was not possible than they must collect it in a digged land. Nitrogen fertilizer should be used after analyzing the fertility of the land and crop condition, he added.He also stressed upon the farmers to ...
JC report to strengthen govt: FCCI FAISALABAD: The report of the judicial commission will certainly give strength to a democratically elected government to work with a renewed commitment and vigor for prosperity and solidarity of the country.Faisalabad Chamber of Commerce and Industry (FCCI) president Engineer Rizwan Ashraf said an election process after every five years provided political parties enough time and opportunities to launch their manifestos to the people.Rizwan Ashraf congratulated Prime Minister Muhammad Nawaz Sharif and Chief Minister Punjab Shahbaz ...
Sindh Govt collects Rs55mln as Agri Tax in 2013-14 HYDERABAD: The provincial government has collected Rs. 55 Millions in respected of Agriculture Tax for the year 2013-2014 from 2918 growers of Hyderabad division.The Additional Commissioner-I Sajjad Haider Shah who is also the Convener of the Monitoring Committee of Income Tax Recovery for Hyderabad Division said while presiding over a meeting here on Thursday.Giving details about the recovery of Agriculture Tax, he informed that Rs. 8749619 was receioved from 249 growers of Hyderabad district, Rs. ...
Services trade deficit narrows 13.56pc ISLAMABAD: Services trade deficit during first 11 months (July-May) of current fiscal year 2014-15 narrowed by 13.56 percent to US $2.022 billion from $2.339 billion during same period of last year.The services exports during the period under review increased by 7.95 percent while the imports witnessed a nominal increase of 1.07 percent.The services exports increased from $4.972 billion in July-May (2013-14) to $5.367 billion this year whereas the imports increased from $7.311 billion last year ...
Agriculture records positive trends with 2.9pc growth ISLAMABAD: The overall performance of agriculture sector has recorded 2.9 percent growth during 2014-15 as compared to 2.7 percent during previous year owing to positive development in all related agriculture sub-sectors.The crops witnessed a growth of 1 percent, livestock 4.1 percent, Forestry 3.2 percent and Fishing 5.8 percent.The agriculture's crop sub-sector component which includes important crops, other crops and cotton ginning showed growth of 0.3 percent, 1.1 percent and 7.4 percent respectively.Official sources on Wednesday ...
South Asian countries asked to develop pro-youth policies ISLAMABAD: Chief Executive Officer of Trade Development Authority (TDAP) S.M Muneer here called upon member states of the South Asian Association for Regional Cooperation (SAARC) for developing pro-youth policies to increase opportunities of education and employment for the youth to prohibit of the brain drain from the region.Addressing a seminar on "Youth and entrepreneurship challenges and prospects in South Asia", he said that Pakistan youth was blessed with enormous potential and second to non in ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln