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Energy crisis main reason for slow growth economy: ICCI ISLAMABAD: President Islamabad Chamber of Commerce and Industries (ICCI) Shaban Khalid on Friday 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 new energy project in different areas of power sector would be a good step to provide energy to industrial and domestic sector.He said that over all budget was constructive and investment friendly which had addressed all major areas of the economy.The ICCI President said the government also showed commitment to broaden the tax net and connected the tax collection with electricity bills to target more people.The announcement of long-term financing schemes for exporters, ...

ICCI urge traders to pay regular tax ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) Thursday urged upon the traders to pay regular tax and play their positive role in economic development of country."The ICCI has always been advocating for enhancing tax net instead of overburdening the existing taxpayers and it is encouraging that government has made some progress to this direction," Senior Vice President of the chamber, Khalid Chaudhry said while addressing a delegation of Traders Welfare Association, PWD here.He ...
PARC develops 100 wheat varieties: Chairman PARC ISLAMABAD: Pakistan Agricultural Research Council (PARC) has developed over one hundred wheat varieties under its National Coordinated Research System.In an interview with Radio Pakistan Chairman of the Council Dr. Iftikhar Ahmad said under the programme, new varieties of different crops are developed in coordination with the provinces and keeping in view specific climatic and soil conditions of different areas.To a question, he said high yield varieties of rice, maize and oilseeds have also been developed. ...
More lenient procedure for mango export sought ISLAMABAD: Stakeholders on Thursday asked the authorities to introduce more lenient Standard Operating Procedure (SOP) so as to achieve mango exports targets.In addition to pre-shipment inspection by an approved third party, the exporters are now required to use hot water treatment on their mangoes to limit any instances of fruit flies being detected, Director, Harvest Tradings, Ahmad Jawad said in a statement issued here.He said in Sindh, there is one approved common facility which was ...
NADRA to provide VERISYS to LCCI LAHORE: National Database Registration Authority (NADRA) on Wednesday announced to provide its VERISYS system to Lahore Chamber of Commerce and Industry to facilitate its members.The announcement was made by the Director General NADRA, Brigadier Muhammad Javaid Iqbal Khan during a visit to the LCCI. He said that NADRA was one of the leading System Integrators in the global identification sector and boasted extensive experience in designing, implementing and operating solutions for corporate and public sector ...
Incentives to boost exports by $2bn: Afridi ISLAMABAD: Federal Minister for Textile Industry, Abbas Khan Afridi said Wednesday that country's exports would increase by $2 billion annually owing to the incentives provided by the government to the textile sector.He was addressing a press conference at the conclusion of a day-long Pakistan Cotton Consultative Conference organized by the Ministry of Textile Industry with an aim to take recommendations and proposals from the stakeholders for the promotion of textile sector.The minister was flanked by ...
FPCCI calls for 10pc uniform tax on rentals KARACHI: The government can earn more revenue from income tax on rentals income by adopting a uniform rate of 10 percent income tax rather to put the tax-payers in different tax slabs and complex calculations of income tax on rentals.This was stated by President, Federation of Pakistan Chambers of Commerce and Industry ( FPCCI) Zakaria Usman in a press statement here on Tuesday.He maintained that different slabs introduced during budget 2013-14 should be abolished because ...


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