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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 of the bleeding SOEs would help the government raise billions of rupees to reduce budget deficit, besides saving Rs 500 billion per annum needed to keep these white elephants alive.She, however, stressed the need of transparency in the privatization so that the history of Pakistan Steel Mills could not be repeated, which kept the privatization process stalled for nine years.Naima Ansari said that defaulters and developers should be kept away from the whole process and ...

Weekly Inflation goes up ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on July 17 for the lowest income group up to Rs. 8,000 registered increase of 0.34 percent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 206.68 points against 205.97 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, covering ...
Fish exports increase 15.25 percent ISLAMABAD: The exports of fish and fish preparations witnessed increase of 15.25 percent during the first eleven months of the fiscal year 2013-14 compared to the corresponding period of last year.The exports of fish and fish preparations during July-May (2013-14) were recorded at $335.732 million against the exports of $291.301 million in July-May 2012-13, according to the data of Pakistan Bureau of Statistics (PBS).Meanwhile, on year-on-year basis, the seafood exports from the country increased by ...
Exports of sports goods increase by 7.49pc ISLAMABAD: Recently ended fiscal year recorded an increase of 7.49 per cent in the exports of sports goods whereas it increased by 50.83 per cent in May 2014 over May 2013.The data released by Pakistan Bureau of Statistics (PBS) showed that the sports goods worth $324.697 million were exported during July-May (2013-14) compared to the exports of $302.082 million in July-May (2012-13).The major contribution in rise of sports goods are footballs, which increased by 36.12 ...
Sheharyar Ali Malik appointed Chairman Brand and Marketing FPCCI ISLAMABAD: Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has appointed young entrepreneur Sheharyar Ali Malik as Chairman "Brand and Marketing" Committee of the body.Sheharyar Ali Malik brings with him rich experience in automobile industry and currently heading the Guard Autozone, a nationwide project providing services to auto users under one umbrella.When contacted Shaharyar said that he will live upto the aspiration of the business community and work on scientific lines to encourage youth ...
Food imports fall 4.5 percent to $3.7bn ISLAMABAD: The food imports into the country witnessed decrease of 4.48 percent during the first eleven months of the fiscal year 2013-14 compared to the same period of last year.The overall food imports into the country were recorded at $3.753 billion in July-May (2013-14) compared to the imports of $3.929 billion in July-May (2012-13), according to the data of Pakistan Bureau of Statistics (PBS).The food products that witnessed negative growth in trade included tea, imports ...
Pakistan spend most of their income on food than any other country KARACHI: On one hand where Pakistan’s economy has been declining and inflation is mounting, yet there are no prominent changes in food consumption of Pakistani people. Food industry in Pakistan has been growing tremendously and has now become the second largest industry sharing 17 percent of GDP. According to recent research, Pakistan spends half of their income on food and beverages. Pakistan has been considered among those countries whose favorite pastime is food either its ...

 



 
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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 25, 2014
Reserves $13.925 bln