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APTMA vows to enhance textile exports ISLAMABAD: All Pakistan Textile Mills Association (APTMA) and other associations of textile industry wanted to enhance their exports provided government extends support and create conducive environment in this regard."We are committed to enhancing the country's exports of textile products which had decreased by 1.76 percent in pervious fiscal year (2014-15)",Vice Chairman APTMA-Punjab Region Sheikh Muhammad Akbar told APP on Monday.He said that APTMA has reposed full confidence in the policies of the government and specially Minister for Finance, Ishaq Dar for his efforts in resolving the issues of the textile industry aiming at reducing cost of doing business of the industry.The Vice Chairman said that APTMA believed in resolving issues peacefully with the government and through negotiation. Our genuine demands were being taken seriously by the government to resolve them.Sheikh Akbar said other leading associations of the textile industry including Pakistan Textile Exporters Association (PTEA), All Pakistan Power-looms Association (APA) ...

ICCI for constructing new dams ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has urged the government for focusing on the construction of more dams, especially in flood-prone areas to cope with flash floods and generating cheap energy.In a statement on Monday ICCI President, Muzzamil Hussain Sabri, said that devastating floods due to recent rains have highlighted urgent need of constructing more dams and water reservoirs in the country.He said due to lack of dams and water reservoirs country has ...
Date for ST, FED return extended to August 21 ISLAMABAD: Federal Board of Revenue (FBR) has extended the date for submission of Sales Tax and Federal Excise return up to August 21 2015 for the tax period July, 2015 for all registered persons.The extension has been granted under section 74 of Sales Tax Act, 1990 and Section 43 of the Federal Excise Act 2005, according to statement issued by FBR.However, it is clarified that there will be no change in the date of payment ...
KCCI president calls for incentives to plastic industry KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra, has urged the government to extend maximum facilities and incentives for manufacturing machinery and equipment for plastic industry to give a boost to this high potential sector.Talking to APP here, Iftikhar Ahmed Vohra, who belongs to plastic sector, informed that the machinery and equipment are being purchased from Italy, China and Iran at very high prices that badly discourages the growth ...
FPCCI prepares for global change of women empowerment: Chairperson FPCCI body KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPPCI) , responding to global shift to women empowerment and their active participation, has planned to soon set up a modern display centre for promotion of women entrepreneures especially from the rural areas of the country.There is a big women potential which simply needs due projection and support from the government, private sector and the society in general, said Rizwana Shahid.In an interview with APP here, ...
Weekly inflation eases 0.48pc ISLAMABAD: The weekly inflation for the week ended on August 13 for the combined income group witnessed decrease of 0.48 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 214.46 points against 215.49 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).Similarly, as compared to the corresponding week of last year, the SPI for the ...
TDAP chief to visit Mardan Women Chamber on Friday ISLAMABAD: Chief Executive, Trade Development Authority of Pakistan (TDAP) S.M. Munir would visit Women Chamber of Commerce and Industry Mardan on August 14 (Friday) to highlight the efforts of the government for promotion of trade."I am visiting all important chambers of commerce and industry across the country on the special directive of Prime Minister Muhammad Nawaz Sharif to take all stakeholders into confidence for further improvement in trade development in line with the international standard," ...


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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