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Business & Economy


PAPMIEA demands new auto policy FAISALABAD: Pakistan Auto Parts Manufacturers, Importers and Exporters Association (PAPMIEA) has demanded the government to announce new auto policy for the benefits of people as well as auto spare parts dealers and manufacturers. Talking to APP here on Monday, a spokesman of the PAPMIEA said that the government had taken a number of steps for boosting up the national economy with the consultation of respective trade bodies and this act of the government had a positive impact for enhancing the economic activities to manifolds. He said that it was imperative that the auto sector, which was playing key role in national economy, should also be encouraged and a viable and practicable policy was requirement of the day so that the manufacturers and the dealers of the auto sector would also evolve strategy to run their business. He claimed that if friendly auto policy was formulated with the consultation of the ...

ICCI for establishing more water banks to save country from drought ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) called upon the government to establish water banks to save country from looming drought and ensure water security.Water resources are rapidly plummeting in the country and per capita water availability has decreased by 80 percent since 1951, said Atif Ikram Sheikh, President ICCI in a statement here.He said no mega water storage project has been constructed after the completion of the Tarbela Dam despite availability of lot ...
19.5mn ton wheat to be cultivated in Punjab MULTAN: The Punjab government has set 19.5 million ton wheat sowing target in the province. According to assistant director agriculture information Naveed Asmat Kohloon, there was immense potential for enhancing per acre wheat yield in the province. He stated that agriculture department had recommended Sehr-2006, Lasani 2008, Aas 2011, Millat 2011, Aari 2011, Galaxy 2013, NRAC 2011 varieties for cultivation till November 20, otherwise, farmers could not be able achieve the desired produce. Naveed further ...
'TDAP organized record number of 100 single country expos in a year' LAHORE: The Trade Development Authority of Pakistan (TDAP) successfully organised a record number of 100 single country expos in foreign countries to promote Pak products and attract foreign investors to Pakistan.TDAP Chief Executive S. M. Muneer told APP on Saturday that a total of 118 expos were held, of which 100 in foreign countries. He said that during the foreign expos, a majority of the people took keen interest in Pak products, which he added ...
Presidential candidate for FPCCI announces to avail no perks LAHORE: Presidential candidate for Federation of Pakistan Chambers of Commerce and Industry, Addul Rauf Alam, on Saturday announced to avail no perks, allowances, transport, lodging and any kind of monetary benefits entitled to the post of federation chief, if he was voted to power.Talking to APP, Abdul Rauf Alam, a former President Islamabad Chamber of Commerce and Industry and honourary Consul General, Comoros said that overwhelming majority of the business trade leaders across the country ...
Foreign investors satisfied with govt's investment policies ISLAMABAD: A number of foreign investors who attended the opening day of 'Pakistan Investment Conference' reposed confidence in the government's efforts to attract foreign direct investment to Pakistan.Talking to APP at the sidelines of the conference, being organized by the Board of Investment (BOI) here on Wednesday, they expressed satisfaction over the improving law and order situation in the country, a prerequisite for foreign investors.They also appreciated the government's policies for providing a level playing ...
Towel exports up 8.92pc in July-Sept FY15  ISLAMABAD: Towel exports witnessed an increase of 8.92 percent in July-September (2015-16) as against same period of last year. According to data released by Pakistan Bureau of Statistics (PBS), 42,952 metric ton of towels worth of US $201.54 million were exported during first three months of current year whereas 39,016 MT worth of US $185.029 million towels were exported during same period of last year. On month-on-month basis, the towel exports were recorded at 14,183 ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln