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Telecom sector attracts US$ 12bn investments in seven years ISLAMABAD: Telecom sector attracted more than US$ 12 billion investments in the infrastructure and new technologies after deregulation during last seven years.Over 92 per cent of population has access to telecom services which has been possible due to expansion of telecom infrastructure all over the country by telecom operators.The telecom investment which was to the tune of US$ 4 billion in 2007 has now reduced to US$ 251 million during July-March 2013.A stats in the budget document has revealed that Foreign Direct Investment (FDI) in telecom has also shown similar patterns of overall investment in the sector.During 2006 to 2010, telecom sector attracted over US$ 6 billion FDI which was almost 30 percent of the total FDI in the country.With regard to revenue, the data said annual revenue of telecom sector have reached to Rs. 411.4 billion during 2012,registering a growth of 13 percent over the last year.There was a ...

Foreign remittances from workers reach US$ 12.895bn in ten months ISLAMABAD: Foreign exchange remittances from Pakistani workers abroad have reached US $ 12.895 billion during first ten months of this fiscal year against U $ 11.57 billion in comparable period of 2012-13.The foreign exchange remittances from Pakistani workers abroad during financial year 2012-13 were US$13.922 billion.According to Ministry of Overseas Pakistanis & Human Resource Development here on Monday, the government is considering a proposal to substantially boost foreign remittances and foreign exchange reserves as Gulf ...
Govt's prudent policies put economy back on right track: ICCI ISLAMABAD: President, Islamabad Chamber of Commerce and Industry, Shaban Khalid has said that prudent policies and farsightedness of the incumbent government has put back the economy of country on right track. In an exclusive interview Shaban Khalid expressed his satisfaction over the deliberations made by the government and said that this is the first time that all the stake holders including Chambers, industry representatives and trade associations have been consulted prior to budget preparation and ...
Energy crisis main reason for slow growth economy: ICCI ISLAMABAD: President Islamabad Chamber of Commerce and Industries (ICCI) Shaban Khalid has said that energy crisis was the core reason for the slow growth economy and allocation in budget for energy sector would help in addressing this main issue.Talking to APP, he said that in the federal budget,the government has expressed its determination to resolve the issue of energy for increasing the economic activities and industrial growth in the country.He said that allocation of budget ...
Energy crisis main reason for slow growth economy: ICCI ISLAMABAD: President Islamabad Chamber of Commerce and Industries (ICCI) Shaban Khalid has said that energy crisis was the core reason for the slow growth economy and allocation in budget for energy sector will help in addressing this major problem.Talking to APP, he said that in current federal budget,the government expressed its determination to resolve the issue of energy for increasing the economic activities and industrial growth in the country.He added that allocation of budget for ...
Business community for broadening tax base ISLAMABAD: Business community here on Saturday called upon the government for taking distinctive measures to broaden tax base for enhance revenue collection in the country.Addressing the "All Chambers President's Post Budget Conference" which was organized by Islamabad Chamber of Commerce and Industry (ICCI), they urged the government for reducing the tax rates.About 20 presidents of chamber of Commerce and Industries across Pakistan including Karachi, Lahore, Sialkot, Fasilabad, Khyber Pakhtunkhwa and Quetta participated in the conference.They ...
Analyst hopes to control price hike, create job opportunities ISLAMABAD: Analyst CR Shamsi hoped that the federal government should control price hike and create jobs opportunities for development work in the country.Talking to Radio Pakistan , he said that the government has also increased funds for provinces under 18th amendment.He said that Punjab and Sindh have followed federation in their provincial budgets with 10 % increase in the salaries of government employees.He added for the development, both Sindh and Punjab should first focus on ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln