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Pak's intensive efforts have boosted national economy CHICAGO: Pakistan offers one of the world's best investment regimes with equal opportunities for local and foreign investors covering all sectors, Consul General Faisal Tirmizi has said.Briefing a gathering of students, faculty and general public about "Economic Opportunities in Pakistan" at the Center for Global Studies at Purdue University, he said Pakistan government's intensive efforts had led to a robust economic growth in a short span of time. With a thriving middle class of 50 million, a per capita income of nearly US$ 5,000 in terms of purchasing power and workforce of under 30 years age bracket, Pakistan is the ideal investment magnetized gateway to Asia, Tirmizi told the gathering. The Consul General further said that leading international publications, funds managers and rating agencies had acknowledged Pakistan's outstanding economic turnaround. Bloomberg had described Pakistan as the best undiscovered frontier market; Morgan Stanley's Vice President predicted that the rise of Pakistan ...

22pc increase registered in revenue collection figure for October: FBR ISLAMABAD: Chairman, Federal Board of Revenues (FBR), Tariq Bajwa Thursday said there had been 22 percent increase in the revenue collection figure for October 2015 as compared to the same period last year.In a meeting chaired by Federal Minister for Finance Senator Mohammad Ishaq Dar held at the Ministry of Finance to review the progress of the FBR in achieving the revenue target set by the government, he further informed that all efforts were being ...
Khurram Dastgir  for broadening Pak-Sri Lanka trade relations ISLAMABAD: Commerce Minister Engr. Khurram Dastgir Khan has underscored the need to explore ways for expanding trade relations between Pakistan and Sri Lanka within the framework of the free trade agreement between the two countries. He called for broadening as well as deepening the economic ties, through enhancement of trade and bilateral investments. The minister was speaking at a dinner-reception hosted in his honour by Pakistani High Commissioner to Colombo Syed Shakeel Hussain, according to ...
SECP issued draft Reinsurance Brokers Regulation, 2015 for eliciting public opinion ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has issued draft Securities and Exchange Commission (Reinsurance Brokers) Regulations, 2015 for eliciting public opinion.Reinsurance broking refers to the arrangement of business of reinsurance between the direct insurance company and the reinsurer. The current regulatory framework for insurance brokers encompasses the regulation of only "direct" insurance brokers, according to statement issued by SECP here Wednesday.Whereas the reinsurance brokers are not recognized by the existing insurance regulatory framework. ...
French companies keen to invest in Pakistan's automobile industry: Envoy ISLAMABAD: New French Ambassador, Ms Martine Dorance Tuesday said that French companies were keen in investing in the automobile industry and setting up assembling plants in Pakistan.In her meeting with Federal Minister for Industries and Production, Ghulam Murtaza Khan Jatoi here, she informed that major interest was shown by Renault-Nissan Alliance, a Franco-Japanese strategic partnership between automobile manufacturers Renault, based in Paris, France, and Nissan, based in Yokohama, Japan, which together sell more than one ...
`Coal can reduce oil import bill, shrink deficit' ISLAMABAD: United Business Group (UBG) on has said that enhanced use of coal for power generation can help country save billions of dollars in oil import bill to bridge budget deficit.Coal can also save Pakistan from shocks of volatile oil market which can rebound anytime while dams can ensure generation of thousands of megawatts of cheap electricity, said Chairman UBG North Zone Abdul Rauf Alam, said a press release.Our economy will remain in red unless ...
Wheat growers advised for early sowing FAISALABAD: An agriculture experts has advised growers to ensure sowing of wheat as early as possible as delay will affect its yield. Talking to APP Monday, renowned wheat expert Dr Noorul Islam Khan said ideal time for sowing of wheat was the second week of November and the delay in its sowing would not only reduce its yield but also attract insect attack which would affect the quality of grains. He said at present, the ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln