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Cotton production target to be achieved: KCBF chairman KARACHI: Karachi Cotton Brokers Forum (KCBF) Chairman Naseem Usman has expressed his confidence that the cotton production target of 15.10 million bales for the next season (2014-15) will be achieved due to increase of over 300,000 acres cultivation area for the crop.Talking to APP, Naseem Usman said that the government's conducive policies had put the economy on the right track.He lauded the federal government's efforts to overcome electricity shortages. He said viable power projects initiated by the government would boost industrial development, which would create job opportunities and bring prosperity in the country.Naseem said despite energy shortages, the country's textile exports recorded 3.9 percent increase.He said that there was a huge potential in the textile sector.Copyright APP (Associated Press of Pakistan), 2014 ...

Pakistani importers buy 35,000 T Black Sea sunflower seed HAMBURG: Pakistani importers have purchased about 35,000 tonnes of sunflower seed to be sourced from the Black Sea region, excluding Bulgaria, European traders said on Wednesday.It was purchased at about $430 a tonne c&f with 44 percent oil content for October shipment, traders said.Bulgaria has suffered heavy rain this summer, which may have damaged some crops, analysts say. Traders said they believed the sunflower seed bought by Pakistan would be sourced in Romania.Pakistani importers previously ...
Growers advised to sow onion nursery from last week of July MULTAN: Agriculture experts have advised growers to begin onion nursery sowing from last week of July in soil having proper water absorption capability to get good production.Before sowing, growers must mix animal waste fertilizers at the rate of one maund per marla and irrigate fields, says a release issued by media liaison unit of Punjab agriculture department on Wednesday.Growers should plough the field twice or thrice and then apply land leveller and leave the field ...
Rs558mn to be spent for vegetables, pulses produce MULTAN: A sum of Rs558.87 million will be spent under two projects for increasing the produce of vegetables and pulses in Punjab.An amount of Rs410.87 million will be spent on the project to enhance vegetables production while another Rs148 million for pulses, assistant director agriculture information Naveed Asmat Kahlon said in a meeting with progressive growers on Tuesday.The project for vegetables production, besides others, would mainly focused on enhancing production of potato, garlic, tomato and ...
S. M. Munir nominated as member BoD EPZA KARACHI: Prominent leader of the business community, S. M. Munir has been nominated as Member, Board of Directors of Export Processing Zone Authority (EPZA).A notification has been issued by Federal Ministry of Industries and Production that Chief Executive, TDAP S. M. Muneer has been given additional responsibilities as member Board of Directors EPZA, said a statement issued on Tuesday.President, Karachi Industrial Alliance, Mian Zahid Hussain, President KATI, Syed Farukh Mazhar, and others have congratulated S. ...
Services trade deficit up by 56.48pc in 11 months ISLAMABAD: Services trade deficit during first 11 months of fiscal year 2013-14 has increased by 56.48 per cent with 20.83 per cent decrease in their exports and negative growth of 7.33 per cent in imports against last year.However, on year-on-year basis, the services trade deficit decreased by 127.93 per cent in May 2014 when compared to that in the same month of last year, according to the latest data of Pakistan Bureau of Statistics (PBS).According ...
FPCCI supports privatization of bleeding SOEs ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has lauded the decision of the government to sell shares of different bleeding state owned entities (SOEs), including Pakistan International Airlines (PIA) with management control."Privatization is an integral part of the on-going process of economic reforms, which must be carried out very cautiously," said Naima Ansari, Vice President FPCCI, speaking to the business community here.She said sale of shares and transfer of management control ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln