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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 be able to store 10,33,800 metric tones of the wheat grown in the province," said the minister.Jam Mehtab Hussain Dahar said the provincial food department would manage to save an annual expenditure of Rs 15 million incurred under head of rent as the storage facility previously had to be hired."Sindh food department has also saved Rs.117.930 million spent on procurement and supply of wheat," said the minister."The food department is supplying wheat to 73 flour ...

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, ...
Eid-ul-Azha brings good business to blacksmiths ISLAMABAD: For the blacksmiths in the adjoining city of Rawalpindi the period ahead of Eid-u-Azha is a time of lucrative earnings as sale of their hand-made knives and choppers has soared while there is also a rush for sharpening the old ones.Purana Qila (old fort), a centuries old area with cluster of narrow lanes and old buildings, is the hub of the artisans.A hustle and bustle is witnessed these days in the area with customers ...
Sports goods exports post 8.3pc increase in two months ISLAMABAD: Sports goods exports from the country registered an increase of 8.30 percent during the first two months of current financial year as compared to the same period last year.During the period from July-August, 2014, sports goods worth US$ 55.013 million were exported as compared to US$ 50.79 million exports of the corresponding period of last financial year.According to the data of Pakistan Bureau of Statistics (PBS), about 617 thousand dozen footballs valuing US$ 27.957 ...
Pakistan and Japan can become business partners: Envoy ISLAMABAD: Pakistan's Ambassador to Tokyo Farukh Amil has said that Pakistan and Japan could become business partners as the present elected government was focusing on enhancing relations with countries in the South Asian region.He was talking to governor of Aichi Hideaki Ohmura during a call on the latter here Monday. They discussed ways to boost relations between the industrial heartland of Japan and Pakistan. The Governor welcomed the Ambassador after a gap of 10 years ...
Petroleum group exports up by 53.53pc in two months ISLAMABAD: Petroleum group and coal exports from the country during the first two months of current financial year registered an increase of 53.53 percent as compared to the same period of last year.Petroleum products worth US$ 194.982 million exported during the period from July-August, 2014 as compared to the exports of US$ 127.00 million of corresponding period of last year, said the data of Pakistan Bureau of Statistics (PBS).During the period under review about 66,864 ...


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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