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Hydropower generation must for speedy economic growth: LCCI LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) Tuesday stressed on early construction of dams as speedy economic growth was possible only through hydropower generation, an inexpensive source of electricity. LCCI President Ijaz A. Mumtaz, in a press statement, said power generation through thermal means was not affordable for businessmen. He said Kalabagh dam should be constructed as it would not only produce cheaper and sufficient electricity but also help avert drought like Tharparkar in future. "Kalabagh dam is a must to control poverty and hunger. Approximately Rs. 132 billion can be saved annually by building this dam," he added. He urged the government to form a team of experts from public and private sectors to convince all the provinces that the Kalabagh Dam was necessary for progress and prosperity of the country. He said besides Punjab, the Kalabagh dam would be beneficial for Khyber Pakhtunkhawa by irrigating 800,000 ...

Weekly inflation up by 0.78pc ISLAMABAD: The weekly inflation for the week ended on April 09 for the lowest income group up to Rs 8,000 witnessed increase of 0.78 percent as compared to the previous week.The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 201.56 points against 200.00 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with base 2007-2008=100, ...
Farmers, seed dealers' convention on April 11 MULTAN: A convention of farmers and seed dealers will be held at Rahimyar Khan on Saturday (April 11) to promote sowing of registered seed varieties for enhanced production.The convention was being organized on the directions of Chief Minister Punjab Shahbaz Sharif.Punjab Seed Corporation (PSC) Managing Director Khaqan Babar would preside over the convention to be held at seed processing plant of PSC at Bahadurpur Rahimyar Khan, says a release issued by agriculture spokesman.Agriculture officials, director ...
149,000 metric tonnes wheat to be procured FAISALABAD: The district food department will procure 149,000 metric ton wheat during current procurement campaign starting from last week of current month.The department has set up 11 procurement centers for purchase of wheat from growers at different points across the district, said an official here on Friday.He said that distribution of gunny bags (Bardana) among wheat growers will begin from April 20, for which all arrangements have been finalizedCopyright APP (Associated Press of Pakistan), 2015 ...
Women chambers to be set up in districts: CEO TDAP HYDERABAD: Chief Executive Officer (CEO) Trade Development Authority of Pakistan (TDAP), S.M. Muneer has said that the Women Chamber of Commerce and Industry (WCCI) will be established at district levels so that the women entrepreneurs could benefit.He said this while speaking on the occasion of a dinner hosted in his honour by President Hyderabad Chamber of Commerce and Industry (HCCI), Gohar Ullah here at Fatah House late Wednesday night."The expenses of TDAP have been reduced ...
Palm, soyabean oil imports decrease 2.43pc, 0.4pc in 8 months ISLAMABAD: The import of edible oil including palm oil and soyabean oil in the country during last 8 months of current financial year registered decrease of 2.23 percent and 0.40 percent respectively as compared to corresponding period of last financial year.During the period from July-February 2014-15, the import of palm oil decreased by 2.23 percent as its import in the country was recorded at 1,556,326 metric tons worth of US$ 1.201 billion.As compared to the ...
7.68pc rise in mobile phone import in eight months ISLAMABAD: Mobile phone imports are on the rise in the country, touching $ 465 million in first eight months (July-Feb) of the current fiscal year 2014-15.This means the import of mobile phones has witnessed an increase of 7.68 percent during the period as compare to same term last year.According to provisional figures from Pakistan Bureau of Statistics (PBS), the cell phone imports during these eight months amount to US $ 465.658 million which represents an ...


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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln