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WTO members appreciate Pakistan's economic policies ISLAMABAD: A number of members of World Trade Organization (WTO) have lauded Pakistan government's policies, which have resulted in putting the economy back on track.During the Trade Policy Review held in Geneva on March 24, they appreciated the government's economic performance in last two years. They were of the view that Pakistan's economy had shown remarkable resilience in the wake of security situation, devastating floods and energy shortages, said a message received here from Geneva on Tuesday.Secretary Commerce Muhammad Shahzad Arbab presented Pakistan Trade Policy Country report to the WTO Trade Policy Review body comprising of 160 WTO member countries.He led a senior level delegation comprising of Ministries of Commerce, Finance, Information Technology and Federal Board Revenue.Secretary Commerce stated that the Trade Policy Review acts as a catalyst for change, invites greater openness and transparency in trade policy formulation, as well as an impetus for Pakistan to move forward in ...

LCCI concerned over power outages LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Monday expressed concern over unscheduled electricity load-shedding in Lahore Township Industrial area. Talking to a delegation of Lahore Township Industrial Association (LTIA) here, LCCI President Ijaz A Mumtaz said the power outages might cause closure of industrial units. Most of industrial units had already reduced their working to single six-hour shift from three shifts system, causing increased level of raw-material wastage, leaving production process non-profitable. Copyright APP ...
FPCCI hails prudent economic policies of PM ISLAMABAD: Federation of Pakistan Chamber of Commerce and Industry, (FPCCI), an apex body of chambers in the country Friday hailing once again reposed full confidence in prudent economic policies of Prime Minister Nawaz Sharif to put country on track leading to progress, prosperity and development.FPCCI Chief, Muhammad Adrees told APP that "we all office bearers of the federation, the presidents of its affiliated chambers and their attached trade associations are grateful to Prime Minister for ...
FCCI president to inaugurate 22nd HVARC Society-Expo FAISALABAD: Faisalabad Chamber of Commerce and Industry (FCCI) President Engineer Rizwan Ashraf will inaugurate the inaugural session of 22nd HVACR Society-Expo-2015 Lahore at 10:30 a.m on April 2. Pakistan HVACR Society, Lahore Chapter was organizing the Expo & Conference in which International exhibitors from USA, UK, China, Turkey, Iran, Bangladesh, UAE, Germany, Italy, Poland, India, Taiwan and other countries are expected to participate, a spokesman of the FCCI told here on Thursday. Copyright APP (Associated ...
HCCI sub-body chief calls for supply of fresh, safe water HYDERABAD: Chairman of Sub-committee of Hyderabad Chamber of Commerce and Industry (HCCI) on Water and Sanitation Authority (WASA), Abdul Waheed Shaikh has said that people of various areas in Hyderabad were not being supplied fresh and safe water. This has caused many dieases among the citizens, he maintained, in a statement issued here on Thursday by HCCI. He appealed to the district administration to ensure availability of potable water for all citizens and also improve ...
About 250,000 tons kinnow exported ISLAMABAD: Kinnow exports have showed a rapid increase during the current season as about 250,000 tons of kinnow (mandarin) exported so far from the country.Besides, the exports of other fruit and vegetables, exports of potatoes also witnessed significant increase as about 59,000 metric tons of potatoes exported during current season, said an official in Ministry of National Food Security and Research.Talking to APP here on Thursday, he said that despite several challenges, Pakistan has met ...
PSO seeks rare gasoil cargoes ahead of summer SINGAPORE: Pakistan State Oil is seeking gasoil cargoes for the first time in more than a year on expectation of a spike in summer demand, industry sources said on Thursday.The company's fuel consumption has also been steadily increasing due to lower oil prices, one of the sources said."Although buying power is the same for people, they are now able to buy more for the same amount, so volumes are increasing," the source added.Brent crude oil ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln