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Business leader seeks increase in number of trade bodies for women entrepreneurs KARACHI: Senior businessman and former vice president FPCCI Khurram Sayeed lauding the role of women chambers in promoting businesses has announced his support for the cause of expansion and increase in the number of business and trade bodies comprising women entrepreneurs.In a statement issued here Monday, he said if women are to progress and participate effectively in the economy, they must receive equal education, equal training, equal dignity and income."Pakistan cannot achieve progress if over half its population is ignored," said the business leader.Taking strong exception to gender inequality, lack of education, absence of credit facilities, and apathy towards small and medium enterprises (SMEs) called for concerted efforts to reduce growing disparity with its severe implications on the society in general.Mentioning that there are 1.5 billion poor in Asia of which 660 million are very poor, Sayeed said majority of world's poor lives in SAARC region and that as per ...

SECP caps sales load on mutual funds at three percent ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), has reduced existing maximum level of sales load, from 5% to up to 3%, that asset management companies (AMCs) are authorized to charge on sales of mutual fund units.The circular requires that no sales load shall be charged if an investor approaches the AMC directly for investment or where purchase transactions are done online, says a statement issued by the Commission on Friday.The requirements also stipulate ...
Sialkot exporters need special attention: TDAP ISLAMABAD: Sialkot being the backbone of Pakistan Exports Industry, needs special attention of Trade Development Authority of Pakistan (TDAP) to address various issues of the city based exporters, said S.M. Muneer, Chief Executive of the authority.He stated this during his visit of TDAP to Sialkot Chamber of Commerce and Industry along with senior officials.Prominent exporters and office bearers of Sialkot Chamber, Sports Goods Association, Surgical Instruments Association and Gloves Association also met S.M. Muneer, Chief ...
Imports of palm, soyabean oil decreased during last year ISLAMABAD: Imports of edible oil in the country including soyabean and palm oil registered decrease during the financial year 2014-15 as compared to corresponding period of last year.According the data of Pakistan Bureau of Statistics (PBS), palm oil import reduced by 6.46 percent where as soyabean oil witnessed 51.93 percent decrease in its import during financial year 2014-15.During the period from July-June 2014-15, palm oil import decreased by 6.46 percent and was recorded at 2,396 ...
Cotton growers advised to monitor weather LAHORE: The Punjab Agriculture department has advised to cotton growers to monitor weather predictions before watering the fields here on Tuesday.According to spokesman, farmers should adopt proper strategy to drain rain water from fields where it accumulated, and if drainage was not possible than they must collect it in a digged land. Nitrogen fertilizer should be used after analyzing the fertility of the land and crop condition, he added.He also stressed upon the farmers to ...
JC report to strengthen govt: FCCI FAISALABAD: The report of the judicial commission will certainly give strength to a democratically elected government to work with a renewed commitment and vigor for prosperity and solidarity of the country.Faisalabad Chamber of Commerce and Industry (FCCI) president Engineer Rizwan Ashraf said an election process after every five years provided political parties enough time and opportunities to launch their manifestos to the people.Rizwan Ashraf congratulated Prime Minister Muhammad Nawaz Sharif and Chief Minister Punjab Shahbaz ...
Sindh Govt collects Rs55mln as Agri Tax in 2013-14 HYDERABAD: The provincial government has collected Rs. 55 Millions in respected of Agriculture Tax for the year 2013-2014 from 2918 growers of Hyderabad division.The Additional Commissioner-I Sajjad Haider Shah who is also the Convener of the Monitoring Committee of Income Tax Recovery for Hyderabad Division said while presiding over a meeting here on Thursday.Giving details about the recovery of Agriculture Tax, he informed that Rs. 8749619 was receioved from 249 growers of Hyderabad district, Rs. ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln