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Textile exports show 30pc increase after GSP status RCCI RAWALPINDI: Country's textile exports have shown 30 per cent increase after getting the status of GSP Plus from the European Union, President Rawalpindi Chamber of Commerce and Industry (RCCI) Dr Shimail Daud said here on Tuesday."During the first two months of this year, the textile exports have shown 30 per cent increase whereby earning an additional amount of foreign exchange to the tune of $ 105 million," Dr Shimail said while talking to a delegation of traders and businessmen.RCCI Senior Vice President Malik Shahid Saleem, Vice President Muhammad Alam Chughtai and other members of the chamber were also present on the occasion.He said the government's endeavors to pull the country out of the economic depression have started bearing fruits as during January-February 2013 the volume of textile exports was US $ 342 million and it swelled to $ 447 million in the current year, after winning the GSP Plus status.Not ...

ICCI for removal of illegal slums to facilitate business activities ISLAMABAD: President Islamabad Chamber of Commerce and Industry Shaban Khalid has called, for removal of all slums (kachi abadis) that are illegal from the federal capital as they have become sanctuaries of criminals, pose great security threats, disturb peace of citizens and create hurdles in smooth growth of business activities as well, here on Tuesday.He said many citizens living in the surroundings of illegal slums have shown great concerns as they face many risks from ...
Despite challenges, economy performed well in one year ISLAMABAD: Despite challenges, the country's economy has performed well during July to May of outgoing fiscal year (2013-14) as suggested by major economic indicators including growth rate, inflation, foreign remittances, foreign exchange reserves, external trade and industrial growth, the data of the Ministry of Finance pointed out.Data, highlighting one year economic performance of the PML-N government, revealed that in 2013, the present government inherited some major challenges particularly terrorism, lawlessness, power shortage, economic mismanagement, rampant ...
Women skill development training in marble launched ISLAMABAD: Pakistan Stone Development Company (PASDEC) on Wednesday launched a women skill development training in marble to achieve gender parity by upgrading their position.The skill development training in marble and handicrafts is being arranged under Creative Entrepreneurship for Women (CREW) project which is funded by government of Germany.The direct beneficiaries of trainings will be 560 women from the most vulnerable strata of areas surrounding industrial hubs in Hazara region of Khyber Pakhtunkhwa (KPK) and rural ...
LCCI dismay with FBR officials LAHORE: Lahore Chamber of Commerce & Industry on Tuesday urged the Federal Board of Revenue (FBR) to direct the tax officials not to disturb un-necessarily the businessmen and industrialists for meeting thier revenue collection targets. LCCI Acting President Mian Tariq Misbah said here that LCCI had received a number of complaints from their members that FBR officials were creating problems for industrial sector without serving them any notice, despite Federal Finance Minister and Punjab Chief ...
Telecom sector attracts US$ 12bn investments in seven years ISLAMABAD: Telecom sector attracted more than US$ 12 billion investments in the infrastructure and new technologies after deregulation during last seven years.Over 92 per cent of population has access to telecom services which has been possible due to expansion of telecom infrastructure all over the country by telecom operators.The telecom investment which was to the tune of US$ 4 billion in 2007 has now reduced to US$ 251 million during July-March 2013.A stats in the ...
Foreign remittances from workers reach US$ 12.895bn in ten months ISLAMABAD: Foreign exchange remittances from Pakistani workers abroad have reached US $ 12.895 billion during first ten months of this fiscal year against U $ 11.57 billion in comparable period of 2012-13.The foreign exchange remittances from Pakistani workers abroad during financial year 2012-13 were US$13.922 billion.According to Ministry of Overseas Pakistanis & Human Resource Development here on Monday, the government is considering a proposal to substantially boost foreign remittances and foreign exchange reserves as Gulf ...


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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