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Pak-China trade volume touches $12.8bn mark in 10 months: Envoy ISLAMABAD: Chinese Ambassador Sun Weidong Wednesday said trade volume between Pakistan and China was registered at $ 12.8 billion during the last 10 months, showing 10 percent increase than the corresponding period of last year.Addressing students and faculty members during his visit to the National University of Science and Technology (NUST), he said that Pak-China relations were an example for the other countries. "Our friendship is stronger than iron friendship and it's based on mutual respect and trust."The ambassador said that Chinese companies were only investing in Pakistan's energy sector and not considered that as a loan. Currently China was investing in hydropower, coal power, and wind power projects to overcome the energy problem.On Pak-China people-to-people relations, he cited one incident, which happened in 2008 Beijing Olympic that Pakistan team was the only team which got a standing ovation by Chinese people and considered them there only true friends.He said ...

Government allows sugar mills to export 500,000 MT ISLAMABAD: The Government has allowed sugar mills to export 500,000 MT sugar as per the terms and conditions.Accordingly, the State Bank of Pakistan has advised authorized dealers (ADs) to process the export of sugar cases as per following mechanism.The ADs will forward the requests of Sugar Mills through their respective Departmental /Business/Group Heads to the Director, Exchange Policy Department, State Bank of Pakistan, Karachi for approval quoting the reference of the circular letter along with ...
Govt will protect interests of sugar sector: Dar ISLAMABAD: Finance Minister Ishaq Dar on Sunday said that the government will protect the interests of sugar consumers, mills and sugarcane growers.In a statement here, he directed the committee on issues of sugar producers to finalize its suggestions within three days to give relief to the sugar mill owners.The committee comprises senior representatives of the Ministry of National Food Security, Ministry of Commerce, FBR and the Pakistan Sugar Mills Association.The Minister said that a balance ...
LPG marketing companies accused of indulging in black marketing, artificial shortages ISLAMABAD: President Liquified Petroleum Gas (LPG) Distributors Association Irfan Khokhar on Saturday appealed to the government, Ministry of Petroleum and Natural Resources and OGRA to take strict action against black marketing, illegal profiteering and violation of rules by LPG marketing companies.In a statement, he said LPG marketing companies made an unjustified increase of Rs 20 per kg in LPG prices while domestic cylinder prices were raised by Rs 250 and those of commercial cylinder by ...
Fertilizer godown sealed NOWSHERA: An official godown of fertilizer was sealed for supplying fertilizer to dealers with short measuring.District Officer agriculture department Gujranwala Liaqat Ali Bhatti along with DDO agriculture Muhammad Aslam Malhi raided at the NFML godown of fertilizer and found a large number of bags with less quantity of fertilizer. Each bag of fertilizer was found 42 to 44 kg while it should be 50 kg. The godown has been sealed.It is pertinent to mention that ...
Services trade deficit plunges by 26.56pc in October ISLAMABAD: Services trade deficit during first four month (July-October) of current fiscal year 2014-15 witnessed a sharp decrease of 26.56 percent as services exports jumped by 25.84 percent while imports witnessed an increase of 6.96 percent.According to break up figures, the exports of services from the country during July-October 2014-15 were recorded at $2.091 billion against the exports of $1.661 billion recorded during same period of last year.On the other hand, the imports into the ...
CCOP approves strike price of Rs110 per share for divestment of ABL shares ISLAMABAD: The Cabinet Committee on Privatization (CCOP) here on Friday unanimously approved strike price of Rs. 110 per share for divestment of Government's residual shares in Allied Bank Limited.The committee which met under the chairmanship of Finance Minister, Ishaq Dar also approved allocation of shares to successful bidders.Earlier Privatization Commission Board in its meeting held on December 11 recommended the `Strike Price of Rs.110 and allocation of GOP Shares to the successful bidders as specified ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln