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ICCI honors former Squash Head Coach for his great services ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) on Friday honored the former Pakistan Squash Team Head Coach Jamshed Gul Khan for his matchless services for the promotion of squash in Pakistan.Speaking at a ceremony held in honor of Jamshed Gul Khan, M. Shakeel Munir, Acting President, Islamabad Chamber of Commerce and Industry lauded services of Jamshed and described him one of the best coaches the country had produced in recent times, said an ICCI press release.He also highlighted the need to further improve squash's standard in which Pakistan had produced numerous world champions.ICCI Vice President M Ashfaq Chatha, Nasir Mehmood Chaudhry, Saeed Ahmed Bhatti, Khalid Chaudhry, Naveed Malik, Nisar Mirza, Akhunzada M Faheem, ex- president Inayat Ullah Mirza, Baser Daud, Sheikh Abdul Waheed and other notables were also present on the occasion.He said Pakistan is a country of burgeoning youth and government should provide youngsters with every available facility ...

Cooking oil, steel prices likely to be reduced KARACHI: Ghee, cooking oil and steel prices are likely to be slashed in a couple of days because of the considerable reduction in the petroleum prices by the Federal Government.This was stated by Atif Ikram Shaikh, the chairman of the Pakistan Vanaspati Manufacturers Association and Managing Director Mujahid Steel Re-rolling Industry.Talking to APP here on Thursday, Atif Ikraam Shaikh lauded the recent cut in petroleum prices and termed it a positive step.He said that meetings ...
Pakistan sugar producers seek govt okay to export 1.5mn ton sugar ISLAMABAD: Pakistan's sugar producers have asked the government to allow exports of up to 1.5 million tonnes of sugar to compete with India, which is extending incentives for exports of the sweetener.The country's mills are struggling to process sugar and sell it domestically because of a bumper crop, but would be shipping into a global market already burdened by oversupply."Today we had a meeting with the commerce secretary during which we requested the government to ...
Government announces support price of wheat at Rs 1300 per 40 kg ISLAMABAD: The federal government here on Saturday announced support price of wheat at Rs 1300 per 40 kilogram.In this regard, Finance Minister, Mohammad Ishaq Dar in his capacity as Chairman Economic Coordination Committee of the Cabinet (ECC), has approved support price of wheat at Rs 1300 per 40 kg for the crop year 2014-15.Finance Minister in his brief remarks said that this decision had been taken to facilitate the farmers' community in the country, a ...
Imported LNG will bring happiness in people's life ISLAMABAD: Senior analyst Nawaz Raza has said that 1100 megawatts electricity can be generated through imported LNG and resultantly the problem of power outage could be addressed to some extent.Talking to Radio Pakistan, he said there is a yawning gap between supply and demand of the petroleum products therefore prices of oil are high; however, government is committed to addressing this issue and the energy crisis too.He said that people should pay electricity and gas ...
Filing of Income Tax return date extended till November 21 ISLAMABAD: The Federal Board of Revenue (FBR) on Friday decided to further extend filing of Income Tax return date from October 31 to November 21.Decision to this effect was made by the Federal Minister for Finance Senator Mohammad Ishaq Dar and Federal Board of Revenue after receiving a number of requests for extension in date of filing of Income Tax Returns for 2014. These requests were made by FPCCI, Provincial Chambers of Commerce & Industry, ...
KCCI President for trickle down effect of cut in POL prices KARACHI: President, Karachi Chamber of Commerce and Industry, Iftikhar Ahmed Vohra has appreciated the Federal cabinet's decision to significantly decrease the prices of petroleum products including petrol and diesel, and called for corrective steps at all levels to benefit the common man. Certainly, this decrease in POL prices can provide relief to the people in many ways. However, the provincial governments and other agencies concerned should also come ahead and ensure trickle down effect, he ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln