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About 70,000 T Pakistani wheat exported under new scheme: trade HAMBURG: Pakistani exporters have sold about 70,000 tonnes of wheat in past weeks as the country's new export programme starts, European traders said on Tuesday.The government said in January it would permit 1.2 million tonnes of subsidised wheat exports to help clear large inventories.Initial sales of Pakistani wheat have mainly been made to neighbouring Afghanistan, traders said.Some sales have also been made to Malaysia and Sri Lanka, they said. Sri Lanka imposes low import duties on Pakistani wheat, traders said."There has been a slow start to the export programme as Pakistan's prices were not attractive internationally," one trader said. "But more sales are expected in the coming weeks as the programme gathers speed.""The absence of Russia from the export market is likely to help Pakistani sales."Pakistani importers made a series of large wheat purchases in 2014 following a disappointing local harvest that had pushed up the prices of domestically sourced ...

Pakistan in deals to export 250,000 T sugar, subsidy helps ISLAMABAD: Pakistan has signed deals to export 250,000 tonnes of sugar, after the government approved in December a subsidy of $100 a tonne for overseas sales of 650,000 tonnes of the sweetener lying with its mills, a top industry official said.Rising shipments from Pakistan in an amply-supplied world sugar market could further depress the benchmark New York prices that sank to their lowest level since 2010 on Tuesday and are on track for their fifth ...
SECP registers 454 new companies in February ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 454 new companies during the month of February, new incorporation witnessed 5 % increase as compare to same period last year and indicating investors' confidence.Around 91 percent companies were registered as private limited companies, while around 6 percent companies registered as single member companies. Three percent of the companies were registered as public Unlisted, associations' not-for-profit and foreign companies, says a statement issued by ...
LCCI opposes proposed raise in gas tariff LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Tuesday urged the government to avoid making any increase in gas tariff as it would jack-up cost of doing business and oust the export-oriented industries from international export market.LCCI President Ijaz A. Mumtaz said here the increase would hamper the growth of manufacturing sector that was already facing a number of internal and external challenges.He said, the proposed raise would create multiple problems for industrialists as they ...
Intl' airport to enhance trade in South Punjab; MCCI president MULTAN: Multan Chamber of Commerce and Industry (MCCI) President Mian Iqbal Hassan on Tuesday said that new international airport in Multan would increase trade and benefit over 40 million population of Southern Punjab.Talking to APP here, he said the government has performed a commendable job by providing a state-of-the-art international airport, adding that it was right time to encourage establishment of industrial units, producing value added products to extract maximum advantages out of the facility.He ...
Ministry to facilitate Textile industry for enhancing capacity ISLAMABAD: The Ministry of Textile Industry has embarked upon a plan to get on board all stakeholders to comprehensively execute the textile policy and revisit the concern of industries to facilitate them for enhancing their capacity in order to boost exports.The meeting of Federal Textile Board (FTB) will be held soon to discuss the issues being faced by industrialists and the ministry to addresses these issues, an official of Ministry of Textile Industry said while ...
FBR clarifies it has not taken any advance from banks ISLAMABAD: The Federal Board of Revenue (FBR) Thursday rejected some reports in the press which stated that FBR was collecting advance from banks and paying 15 percent markup on it to add to its revenue collection.It is hereby clarified that the FBR has not taken any advance from the banks and compensation is being paid in only those cases where Appellate Tribunal, High Court and Supreme Court have set aside demand created and collected by ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln