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Pakistan June inflation slows to 8.2 percent y/y KARACHI: Pakistan's inflation slowed slightly to 8.2 percent year-on-year from 8.3 percent in May, the Bureau of Statistics said on Tuesday.On a month-on-month basis, the consumer price index rose 0.6 percent, it said. Copyright Reuters, 2014 ...

Country's economic indicators yielding positive results: MOF ISLAMABAD: The country's economic indicators are yielding positive results due to the government's prudent policies.A data of the Ministry of Finance said the national economy performed well during outgoing fiscal year 2013-14, Radio Pakistan reported.According to data of the Finance Ministry, the Federal Board of revenue realized 1,955 billion rupees during the outgoing financial year as compared to 1,679 billion rupees collected during same period of 2012-13, showing a growth of 16.4 percent.Finance Ministry said ...
Govt missions to make country an economic tiger: Sheikh Aftab ATTOCK: Minister of State for Parliamentary Affairs Sheikh Aftab Ahmed Friday said that it was the mission of the present government, under the dynamic leadership of Prime Minister Muhammad Nawaz Sharif to make the country an economic tiger.Talking to media persons while inaugurating a shuttle railcar service from Attock to Jand, Sheikh Aftab reiterated that the present government would never compromise on its principles.The minister categorically stated that there will be no loadshedding in the ...
Completion of highways to boost economic activities: Minister KARACHI: Minister of State for Communications Abdul Hakeem Baloch has said that timely completion of all projects of highways in Sindh is the need of the hour because completion of highways will minimize distances and will boost trade, tourism, industry and agriculture of the country that will ultimately bring economic prosperity in the country.He said that durable highways ensure our progress, and therefore, the present democratic government is paying exclusive attention to the Communications Sector ...
Authorized bank branches to remain open extended hours for collection of duties, taxes ISLAMABAD: In order to facilitate the taxpayers in depositing their duties and taxes during the last few days of the current financial year, the State Bank of Pakistan, on request of Federal Board of Revenue (FBR) has decided to keep authorized branches of State Bank of Pakistan, National Bank of Pakistan, Commercial Banks and National Institute of Facilitation Technologies (NIFT) open for extended hours.State Bank of Pakistan branches would remain open on June 30, 2014 ...
Textile industry fetches US$ 10.385bn in nine months ISLAMABAD: The textile industry has contributed precious foreign exchange of US$ 10.385 billion to national exchequer during first nine months of this fiscal year.The cotton, having a share of 1.4 percent in GDP and 6.7 percent in agriculture value addition is an important source of raw material to the textile industry which was cultivated on an area of 28,06,000 hectares, 2.5 per cent less than last year's area of 28,79,000 hectares.According to Ministry of Textile ...
Govt initiatives in textile sector helped boost exports ISLAMABAD: Owing to prudent economic policies initiated by the PML-N government, the textile exports increased by 8% while those in all value added categories showed higher increase i.e. bed wear by 21%, hosiery by 10% and readymade garments by 9% during July-March 2013-14.According to data regarding government's one year performance in the textile sector, disbursements of Rs. 3.5 billion were released in shape of drawbacks, export finance support and mark-up support against Rs 2 billion ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln