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Pak's pharmaceutical exports likely to touch $ 2000mn by 2018 KARACHI: Pakistan's pharmaceutical exports are presently over $ 800 million, annually, expected to touch $ 2000 million mark by 2018.This was said by Member Senate Standing Committee on National Health Services, Regulations and Coordination, Senator Abdul Haseeb Khan while talking to media at Karachi Press Club here on Thursday.He said that existing laws be strictly implemented in letter and spirit to check and eliminate manufacturing and sale of spurious and substandard drugs in the country.He recalled that he himself is one of the creators of Drug Regulatory Authority Pakistan (DRAP), Act 2012.The law on Drugs of 1976 was very simple, but improvement is being brought in it gradually, he added.He said that all drugs manufacturers are requested to provide the lists of their products, so as to enlist the same, in the legislation process.Bringing improvement in the laws enacted on drugs, is underway, and opinions of all stake holders will ...

FBR collects Rs.549bn revenues in first quarter of current financial year ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs.549 billion till September 30, 2014 in the first quarter of current fiscal year 2014-15 against the collections of Rs.481 billion taxes in the same period of last fiscal showing an increase of 14 percent, a senior official of the board said.Member Inland Revenues and Spokesman of the FBR, Shahid Hussian Asad told APP here on Wednesday that the FBR as collected Rs.230 billion revenues in the ...
SECP gets re-elected to Global Securities Regulatory Board ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) got re-elected to the International Organization of Securities Commissions (IOSCO) Board on Wednesday at the organization's Annual Conference in Rio, Brazil."This will be the SECP's second consecutive term to represent the Asia-Pacific region within the Board 2014-2016 after the successful completion of first term on the Board 2012-2014", said a statement issued by the Commission here today.The IOSCO is a global standard setting body for securities ...
CPI-based inflation up by 7.68pc in September ISLAMABAD: The country's Consumer Price Index (CPI) based inflation rate during September 2014 increased by 7.68 percent as compared to that of September 2013.The Wholesale Price Index (WPI) and Sensitive Prices Index (SPI) in September increased by 2.74 percent and 5.37 percent respectively when compared to September 2013.On month-on-month basis, the CPI inflation increased by 0.4 percent in September 2014 compared to August 2014.According to data released by Pakistan Bureau of Statistics (PBS) on Wednesday, ...
Food department materializes measures to enhance wheat storage capacity KARACHI: Sindh Food Department is in fast process to complete construction of 767 concrete procurement platforms enhancing its wheat storage capacity to minimum 10,00,000 metric tones at any given time, said Jam Mehtab Hussain Dharki, provincial minister for food.Chairing a meeting in his office Wednesday, he said 221 of these platforms have already been completed, under development work initiated by the department while 546 are near completion."Once all these procurement platforms are completed we would ...
LCCI opposes commercialization tax on education sector LAHORE: The Lahore Chamber of Commerce and Industry has urged Punjab Chief Minister Shahbaz Sharif to take notice of the imposition of commercialization tax on the education sector.Addressing a delegation of over 100 owners and representatives of private schools, LCCI Vice President, Kashif Anwar said an LDA official during his recent visit to LCCI, had assured that private schools would not be sealed but still raids were being conducted for sealing private schools for the ...
Weekly Inflation witnesses nominal increase ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on September 25 for the lowest income group up to Rs. 8,000 registered nominal increase of 0.18 percent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 210.08 points against 209.70 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, ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln