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Agriculture records positive trends with 2.9pc growth ISLAMABAD: The overall performance of agriculture sector has recorded 2.9 percent growth during 2014-15 as compared to 2.7 percent during previous year owing to positive development in all related agriculture sub-sectors.The crops witnessed a growth of 1 percent, livestock 4.1 percent, Forestry 3.2 percent and Fishing 5.8 percent.The agriculture's crop sub-sector component which includes important crops, other crops and cotton ginning showed growth of 0.3 percent, 1.1 percent and 7.4 percent respectively.Official sources on Wednesday said important crops carry great significance by having a share of 25.6 percent in agricultural value added has experienced a meager growth of 0.3 percent in fiscal year 2014-15 against growth of 8.0 percent during same period of last year on account of revised production estimates of wheat crop.The important crops performance remained weak as only cotton and rice production recorded positive growth of 9.5 percent and 3.0 percent respectively while sugarcane, maize and wheat ...

South Asian countries asked to develop pro-youth policies ISLAMABAD: Chief Executive Officer of Trade Development Authority (TDAP) S.M Muneer here called upon member states of the South Asian Association for Regional Cooperation (SAARC) for developing pro-youth policies to increase opportunities of education and employment for the youth to prohibit of the brain drain from the region.Addressing a seminar on "Youth and entrepreneurship challenges and prospects in South Asia", he said that Pakistan youth was blessed with enormous potential and second to non in ...
Rice export contributes $ 1.53bn in nine months ISLAMABAD: The rice export has fetched foreign exchange of US $ 1.53 billion during three quarters of previous fiscal year.During the period, rice - the second largest staple food crop and also an exportable item - was sown on an area of 28,91000 hectares showing an increase of 3.6 percent over last year area of 27,89,000 hectares.Sources at the Agriculture Division on Tuesday said the rice accounts for 3.2 percent in value added in agriculture ...
Wheat exporters desire clear export policy KARACHI: A market of 500,000 to 600,000 metric tons of wheat exists in Madagascar, Sudan and Yemen.This was stated by a delegation of the exporters of the commodity in a meeting with the Sindh Food Minister, Manzoor Hussain Wassan, here on Tuesday.The members of the delegation were of the view that if the government frame a clear policy then the surplus wheat can be exported to these countries, says an official statement.The Minister informed the ...
Businessmen asked to focus on Indonesia, ASEAN for exports ISLAMABAD: Indonesia and Association of Southeast Asian Nations (ASEAN) countries are huge markets with great potential for Pakistani products and businessmen should focus on these countries to promote trade and exports, observed Muhammad Aqil Nadeem, Pakistan Ambassador-designate to Indonesia while addressing business community at Islamabad Chamber of Commerce and Industry.He said Indonesia was the largest Muslim country and provided easy access to Pakistan to over $2 trillion ASEAN market.He said Pakistan could export many products ...
Weekly inflation down by 0.21pc ISLAMABAD: The weekly inflation for the week ended on July 9 for the lowest income group up to Rs 8,000 witnessed decrease of 0.21 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 212.12 points against 212.54 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, ...
Edible oil import bill reaches $ 1.377bn in last nine months ISLAMABAD: The edible oil import bill during first three quarters of last fiscal year has reached US $ 1.377 billion with 1.789 million tonnes quantity, registering 4.07 percent increase.Local production of edible oil during 2014-15 (July-March) was estimated at 0.546 million tonnes.Official figures of Pakistan Bureau of Statistics on Monday revealed that total availability of edible oil from all sources is provisionally estimated at 2.335 million tonnes during 2014-15 (July-March).The edible oil import bill during ...


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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