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All Pakistan Business Forum hails Russian investment in energy sector ISLAMABAD: All Pakistan Business Forum (APBF) hailed development in energy sector and Pakistan's agreement with Russia for the construction of 1100 kilometers gas pipeline, from Karachi ports to the north.The pipeline is meant to facilitate the smooth supply of almost 12.4 billion cubic meters, of Liquefied Natural Gas (LNG), per year.The project will bring in US$ two billion investment in the energy sector of Pakistan by the Russians, according to statement issued here Wednesday.President APBF, Ibrahim Qureshi welcomed the Russian investors (Rostec) in Pakistan and praised the recent gas pipeline deal, signed between the two countries.Ibrahim Qureshi said Pakistan is opening up itself to the larger opportunities for investment and collaboration with international and regional State community. Qureshi said, the investment should not be confined to the energy sector alone, Pakistan and Russia should explore the trade and mutual business opportunities as well. APBF will extend all its positive and ...

Industrial output grows 4.11pc in two months ISLAMABAD: The country's large scale manufacturing (LSM) sector has witnessed growth of 4.11 percent during the first two months of current fiscal year as compared to the corresponding period last year.The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 118.97 points during July-August (2015-16) against 114.28 points during same period of last year, according to data of Pakistan Bureau of Statistics (PBS).The highest growth of 2.11 percent was witnessed in the ...
Meat exports increase 44pc in 1st quarter, 33pc in September ISLAMABAD: The exports of meat and meat preparations from the country increased by 44.10 percent during the first quarter of the current fiscal (2015-16).The exports of meat and meat preparations during July-September (2015-16) were recorded at $71.235 million compared to the exports of $49.435 million in July-August (2014-15), according to the latest trade data released by Pakistan Bureau of Statistics(PBS) here Thursday.Meanwhile, on year-on-year basis, the meat exports increased by 33.05 percent in September 2015 ...
Current account deficit shrinks to $109mn in July-Sept KARACHI: Pakistan's current account deficit narrowed 93 percent to $109 million in the first quarter of the 2015-16 fiscal year compared to 1.631 bln in the same period last year, the Central Bank said on Wednesday.The current account deficit for the 2014/15 fiscal year was $2.627 billion.Copyright Reuters, 2015 ...
Leather sector exports down by 28pc KARACHI: The leather sector is fast losing its global market share to its competitors due to sheer negligence by the government and its subsidiaries.The Chairman Pakistan Tanners Association (PTA) S.Z, Hamid A Zahur said that the leather exports have declines in volume by 28 per cent during current year. He said that the cost of doing business of entire leather sector including leather garments, gloves, footwear and finished leather has gone up by 12 per ...
Cotton yarn registers sudden increase in prices FAISALABAD: The prices of all the leading cotton yarn count including 28 single count,30 single count, 40 single count, 52 single count and 80 single count, has gone up by Rs 50-60 per single count here on Wednesday in Faisalabad Yarn Market, a leading cotton yarn market of the country.The market experts said that the sudden jump in the cotton yarn counts was due to the import duty levied by the federal government on the ...
Wheat growers' training at UC level FAISALABAD: District Agriculture department will organise workshops for wheat growers from next week onwards at union council level across the district.The workshops would train farmers on the use of modern agriculture tools and machinery with the aim to produce maximum per acre yield and bring more land under wheat cultivation,said Agriculture department sources here on Thursday.District Agriculture department has been organizing such workshops at union council level each year.Copyright APP (Associated Press of Pakistan), 2015 ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln