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Philippine opens quota of 50,000 metric tons rice from Pakistan KARACHI: Phillipine has given a share to Pakistan and offered to import 50,000 metric tons rice from the South Asian country. According to details, Philippines' The National Food Authority (NFA) has invited its private sector to participate in import of an aggregate volume of 805,200 metric tons of rice under the minimum access volume (MAV) for this year. The total import volume comprises 755,200 Mt of country-specific quota (CSQ) and 50,000 MT of omnibus origin volume. The CSQ is broken down as following : China 50,000 Mt,India 50,000 Mt, Pakistan 50,000 Mt, Australia 15,000 Mt, El Salvador 4,000 Mt,Thailand 293,100 Mt and Vietnam 293,100 Mt, said a statement issued by Rice Exporters Association of Pakistan (REAP) here on Monday. All rice imported under the 2015 MAV rice import program shall be levied with a tariff of 35 percent to be paid in advance to the Land Bank of Philippines, with ...

Mobile phone imports up by 15.86pc in 11 months ISLAMABAD: The mobile phone imports into the country increased by 15.86 percent during first 11 months of the year 2014-15 over the same period of last year.The imports of mobile phones into the country during July-May (2014-15) were recorded at $653.808 million against the imports of $564.293 million during same period of last year, according to the data of Pakistan Bureau of Statistics (PBS).On year on year and month on month basis, the mobile phone ...
ICCI for strong anti-smuggling measures to boost local industry ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday called upon the authorities to take strong anti-smuggling measures as rising phenomenon of smuggling was undermining the local industry and causing harmful consequences for the national economy.President Islamabad Chamber of Commerce and industry (ICCI) Muzzamil Hussain Sabri said that national exchequer was reportedly losing around Rs.120 to 150 billion annually due to smuggling of many items.He stressed upon the government to pay urgent attention to ...
Envoy invites Osaka businessmen to explore Pak sports goods market ISLAMABAD: Pakistan's ambassador to Japan, Farukh Amil met the senior officials of Mizuno Corporation on Monday in Osaka and invited them to visit Sialkot for exploring potential of sports goods market for cooperation between the two countries.During his meeting with representative director of Mizuno Corporation Masaharu Kato and the top executives of the company, he apprise them of the potential of sports goods production in Pakistan.He invited them to visit Sialkot in particular where they ...
Govt to enact new Geographical Indication Law for indigenous Pakistani products: Khurram ISLAMABAD: Minister for Commerce, Engr. Khurram Dastgir Khan said Thursday that the Ministry would enact a new Geographical Indication Law to bring distinction to indigenous Pakistani products."Geographical Indication law and the registration of products at domestic and international level will give international recognition to the Pakistani products which have some unique attributes associated with them", he said in a statement issued by the Ministry of Commerce here.The Minister said that Geographical Indications are place names ...
FPCCI pleads for formation of Rice Development Board ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Thursday called for formation of Rice Development Board (RDB), aimed at development of the sector and boost its exports for the benefit of the country.According to an FPCCI statement, Abdul Rahim Janoo, its Sr. Vice President, had written a letter to Engr. Khurram Dastgir Khan, Federal Commerce Minister and Sikander Hayat Khan Bosan, Federal Minister for Food Security & Research in this regard.He urged them ...
Positive steps ensure 2.9pc growth in agri sector this year ISLAMABAD: The overall performance of agriculture sector has recorded a growth of 2.9 percent during 2014-15 as compared to 2.7 percent last year due to positive steps in all related agriculture sub-sectors.During the period, crops witnessed a growth of 1.0 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.A ...


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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 $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln