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CPI-based inflation up by 7.9pc in July ISLAMABAD: The country's Consumer Price Index (CPI) based inflation rate during July 2014 increased by 7.9 percent as compared to 8.2 percent in the previous month and by 8.3 percent in July 2013.On month-on-month basis, the CPI inflation increased by 1.7 percent in July 2014 as compared to 0.6 percent in the previous month and 2.0 percent in July 2013.The Wholesale Price Index (WPI) and Sensitive Prices Index (SPI) in July increased by 6.6 percent and 5.9 percent respectively when compared to June 2014.The food items that witnessed increase in the prices during July 2014 over June 2014 included tomatoes (43.71%), onions (18.17%), potatoes (16.43%), fresh fruits (15.22%), fresh vegetables (10.96%), eggs (5.73%), sugar (3.05%), cigarettes (2.54%), honey (1.43%), wheat (1.38%), beverages (1.35%), dry fruits (1.33%), gur (1.32%) and betal leaves and nuts (1.1%).The food items that witnessed decrease in the prices during July 2014 over June 2014 included gram ...

Unilever launches daraz.pk KARACHI: Unilever has partnered with daraz.pk to become the first organization in Pakistan’s FMCG sector to offer an online retail solution for customers. As part of this collaboration, consumers will be able to purchase a large variety of Unilever’s beauty and personal care products from the online portal.The initiative is part of Unilever’s global e-commerce vision that focuses on increasing revenue share from e-commerce.Pakistan has been identified as a high potential market because of the ...
Advice to mango growers MULTAN: Agriculture experts have advised growers to get soil and water analyzed from laboratory before mango nursery sowing while soil having pH value ranging from 5.5 to 7.5 is considered suitable for the purpose.Farmers must have knowledge of the combination of minerals, food, and pH value of the soil to take appropriate decisions for nursery growth, says a release issued by the media liaison unit of the Punjab agriculture department on Monday.July-Aug is the best ...
RCCI annual award ceremony on Aug 29 RAWALPINDI: The 27th Annual Achievement Award ceremony of the Rawalpindi Chamber of Commerce and Industry (RCCI) will be held on Aug 29, Spokesman of RCCI Bilal Khan Niazi said here on Monday.The awards would be given to businessmen in recognition to their achievements in the field of business, trade and industry, during the last year.The awards had been playing a vital role in generating healthy competition among the entrepreneurs since their inception, the spokesman added.The ...
Weekly Inflation up 0.19pc ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on July 24 for the lowest income group up to Rs. 8,000 registered increase of 0.19 percent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 207.07 points against 206.68 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 ...
SECP seeks comments to amend Credit Rating Companies Rules ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has revised the existing Credit Rating Companies Rules, 1995, for better governance of the credit rating agencies (CRAs).The draft rules have been notified in the official gazette vide SRO. No 642(I) 2014 to elicit public comments.The rules are also available on the SECP's official website (www.secp.gov.pk) for review and comments by the public, says a statement issued by the commission here Thursday.The CRAs play an important ...
FBR for dispute resolution committee to resolve tax issues ISLAMABAD: The Federal Board of Revenue (FBR) Thursday said that it would not take any measures that might create harassment in the business community, urging businessmen to cooperate with tax department for improving the tax revenue of the country."Communication gap between FBR and the taxpayers is the main hurdle in improving tax revenue and a Dispute Resolution and Advisory Committee comprising representative of FBR and ICCI should be formed to resolve tax issues amicably," Syed ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 11, 2014
Reserves $13.415 bln