Just in:  

You are here: Home»Pakistan»Business & Economy

Business & Economy


Pakistani textile products have great potential in European markets ISLAMABAD: The Ambassador of Pakistan to France Ghalib Iqbal has said that Pakistani textile products have great potential of finding more space in European markets.He was talking to Michal Scherppe, the President of Taxworld Fair being held in Paris, said a message received here on Wednesday.The Ambassador visited Pakistani Pavilion and Pakistani entrepreneurs' stalls. He discussed with the exhibitors prospects of business development in France and assured them of continuation of full support and cooperation from the Mission.The exhibitors told the Ambassador that the response of the buyers was encouraging. The ambassador told the exporters that a fashion show of Pakistani garments would be held in the next edition of Taxwolrd in September this year.This is the 36th edition of Taxworld being held in Paris, in which 624 exhibitors are participating from all over the world including China, Thailand, India, Indonesia, Turkey and Bangladesh.Large number of companies are exhibiting their ...

SECP rolls out vision for commodities trading ISLAMABAD: In order to facilitate farmers in better price discovery access for their products and to provide them easy access to markets, the Securities and Exchange Commission of Pakistan (SECP) has embarked upon developing a road map for the commodity market in Pakistan.The SECP is restructuring the Pakistan Mercantile Exchange Limited (PMEX) to improve its effectiveness and to shape it into a vibrant commodity futures exchange, says a statement here Wednesday.The roadmap revolves around the ...
SECP sets up specialized department to regulate Islamic finance companies ISLAMABAD: To regulate and develop the Islamic financial market, the Securities and Exchange Commission of Pakistan (SECP) has established an Islamic Finance Department.The new specialized department shall carry out the functions of Shariah regulation and compliance, product development, market awareness, Shariah securities market development and international liaison and networking, said a statement issued here on Wednesday.The Islamic Finance Department will act as a backbone for coordination between the SECP's operational departments with the primary objective ...
Fruits, vegetable prices on decline due to cut in fuel prices ISLAMABAD: The prices of fruits and vegetables are significantly decreasing in capital due to cut in the fuel prices by the government.The residents of various localities appreciating the significant decrease in the fuel prices, said that the prices of pea decreased from Rs. 80 to 40 per kilogram, potato Rs. 40 to 30, onion Rs. 40 to 30, carrot Rs. 60 to 30, cauliflower Rs. 60 to 40, turnips Rs. 40 to 20 and radish ...
LCCI seeks budget proposals LAHORE: The Lahore Chamber of Commerce and Industry has sought budget proposals from its members.LCCI President Ijaz A Mumtaz said LCCI members, conveners, co-conveners of the LCCI Standing Committees and Lahore based trade & industrial associations should prepare and submit properly worked-out proposals to the LCCI as the Federal Board of Revenue had already started the budget making exercise.The LCCI President also stressed upon the leading businessmen specifically to share their issues with the LCCI ...
Sale on winter stuff attracts people in capital ISLAMABAD: The diminishing winter season opens good opportunity for the people to take advantage of "winter sales" as almost all the major brands considerably reduced prices of their quality garments, fabrics and shoes etc.Shops put their available stocks on sale to accommodate fresh arrivals for spring and summer seasons. One can buy variety of woolen fabrics, garments, shoes and other accessories including mittens, hats, mufflers, sweaters, shirts, long courts and jackets almost in half of ...
SECP approved Sukuk Regulations, 2015 ISLAMABAD: As part of its mandate to develop the Islamic capital market and to facilitate fund raising through Sharia Compliant financial products, the Securities and Exchange Commission of Pakistan (SECP) has approved the Regulations for issuance of Sukuk here on Thursday.The Sukuk Regulations, 2015 (the Regulations) has been made under Section 506A of the Companies Ordinance, 1984 (the Ordinance),according to statement issued by SECP.The draft of the Regulations was earlier notified for soliciting public comments ...


Index Closing Chg%
Arrow DJIA 18,288.63 0.86
Arrow Nasdaq 5,008.10 0.90
Arrow S&P 2,117.39 0.61
Arrow FTSE 6,940.64 0.09
Arrow DAX 11,410.36 0.08
Arrow CAC-40 4,917.32 0.69
Arrow Nikkei 18,826.88 0.15
Arrow H.Seng 24,887.44 0.15
Arrow Sensex 29,459.14 0.33

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln