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239,079mt tea worth $684mn imported from 2010-2012: Senate told ISLAMABAD: Minister for Commerce Khurram Dastigeer Khan said a total of 239,079 metric ton tea worth $ 684.83 million tea had been imported from various countries during 2010-11 and 2011-2012.Answering the question of Syed Tahir Hussain Mashhadi, he said 118,657 metric ton tea worth $ 334.06 million was imported in 2010-11. And 120,422 metric ton tea worth $ 350.77 million had been imported in 2011-12.He said among the imported tea, 95 percent was black tea, whereas small percentage was of other teas including herbal and fruit flavoured teas.He said Kenya is major trading partner for tea.During 2011-12, $ 217 million worth of tea was imported from Kenya. Other suppliers include India, Rwanda, Vietnam and Indonesia. Copyright APP (Associated Press of Pakistan), 2015 ...

Weekly inflation declines by 0.04pc ISLAMABAD: The weekly inflation for the week ended on April 30 for the lowest income group up to Rs 8,000 witnessed a decrease of 0.04 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 200.55 points against 200.63 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with base ...
Cell phone import rises 13.06 percent in 9 months ISLAMABAD: The mobile phone imports into the country increased by 13.06 percent to US $539.583 million during first nine months of the year 2014-15 over the same period of last year's imports of $477.255 million.On month on month and year on year basis, the cell phone import in March also increased by 1.05 percent and 64.94 percent when compared to the import in February 2015 and March 2014 respectively, according to the data of Pakistan ...
Survey begins to set up KSE hub centres in Multan, Lahore, Faisalabad MULTAN: A team of the Karachi Stock Exchange (KSE) has started surveying different big cities of the Punjab to establish KSE hub centres in Multan, Lahore, Faisalabad and other cities to facilitate investors at their door-step.Manager Marketing KSE Imran Alam told APP on Thursday that they were proceeding forward at a fast pace to ensure direct link of investors with KSE through hub centres to enable them get issues relating to share transfer, account opening ...
Over 500 wheat procurement centers established ISLAMABAD: Pakistan Agriculture Storage and Services Corporation (PASSCO) and Provincial Food Department Punjab have established over 500 wheat procurement centers for purchasing wheat during the current procurement campaign as wheat would start arriving in these centers by May 1.All logistics and commercial arrangements have been finalized to kick off the wheat procurement campaign for the current season and sofar 12 percent of sack distribution has been completed, said General Manager Commercial PASSCO, Colonel (r) Tanveer ...
ICCI expresses solidarity with rain victims ISLAMABAD: Local business community in a meeting at Islamabad Chamber of Commerce and Industry (ICCI) on Monday expressed condolences with the bereaved families whose relatives lost thier lives during the mini-cyclonic.During torrential rains in Peshawar and parts of Khyber Pakhtunwava on Sunday which killed about 44 people and wounded more than 200 persons including women and children.President, ICCI,Muzzamil Hussain Sabri said that the whole nation stands with the victim families in this hour of great ...
Sindh CM directs for transparent gunny bags distribution, wheat procurement KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has said that distribution of bardana (gunny bags) and procurement of wheat must be made transparent."I would not tolerate corruption, favoritism and negligence in this regard", this he said when Minister for Food Gianchand Israni presented him a report about distribution of bardana and procurement of wheat in the province.He told the Chief Minister that three food inspectors in Umerkot district have been suspended for corruption in ...


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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln