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Bilateral trade with UK to be enhanced up to 3bn pounds: Khurram ISLAMABAD: Federal Minister for Commerce, Engineer Khurram Dastgir Khan Wednesday expressed the government's resolve to enhance bilateral trade with United Kingdom up to 3 billion pounds in the coming years saying that currently, Pakistan's trade with England stands at 2 billion pounds out of which Pakistan's exports are 1.4 billion pounds.He said that the Ministry of Commerce was looking for new high-growth sectors of exports to give a new boost to Pak-Britain trade."The Ministry is promoting the export of high value-added textile products to England while there is a great scope of import of sophisticated services and consultancies from England", the minister said while meeting with Syed Ibn-e-Abbas, Pakistan's High-Commissioner-designate to England who will assume his responsibilities in the first week of September.England has a huge Pakistani diaspora which is settled there since decades. They are working in every sector and provide huge revenue through the remittances they send back ...

LSM output grows 4 percent in FY 2013-14 ISLAMABAD: The country's Large-Scale Manufacturing (LSM) output grew by 3.95 percent during the fiscal year 2013-14 compared to last year.The Quantum Index Numbers (QIN) of LSM stood at 121.66 points during July-June (2013-14) as compared to 117.04 points in July-June (2012-13), according to the latest data of Pakistan Bureau of Statistics (PBS).Meanwhile, on year-on-year basis, the LSM grew by 0.25 percent in June 2014 compared to the production of June 2013. The data showed that ...
Textile policy 2014-15 to be announced next month ISLAMABAD: Ministry of Textile and Industry would announce new textile policy 2014-15 in first week of September 2014 to plan the future strategy for textile industry and to facilitate the small industry for the economic development of the country.Talking to APP here Wednesday, Spokesman of Textile Ministry Kanwar Usman said that new textile policy would be comprehensive which would provide facility and benefit the small industries.He said that an amount of Rs.82 billion has been ...
PARC launches oilseed cultivation campaign to cut oil imports ISLAMABAD: The Pakistan Agriculture Research Council (PARC) has prepared a comprehensive action plan to launch a promotional campaign for oilseeds cultivation in Pothowar and Khyber Pakhtunkhwa regions during Rabi 2014- 15.The plan has been prepared with the consultation of national partners Pakistan Oilseed Development Board (PODB), National Rural Support Programme (NRSP) and Provincial Agriculture Research and Extension Departments.According to the plan, canola hybrid seed will be provided to farmers on 25 % (Rs. 300/- per ...
FBR's collection of taxes on track; no negative effect of sit-ins: FBR Spokesman ISLAMABAD: The Federal Board of Revenue (FBR) has realized Rs.134 billion revenues till August 26 as compared to Rs.110 billion collected in the same period of last fiscal year depicting a 20 percent growth in the tax collection of the country, a senior official of the board said."The PTI led sit-ins have entered its 12th day and despite the civil disobedience campaign even much productive tax collection with over 20 percent increase in the so ...
LSM output grows 4pc in FY 2013-14 ISLAMABAD: The country's Large-Scale Manufacturing (LSM) output grew by 3.95 percent during the fiscal year 2013-14 compared to last year.The Quantum Index Numbers (QIN) of LSM stood at 121.66 points during July- June (2013-14) as compared to 117.04 points in July-June (2012-13), according to the latest data of Pakistan Bureau of Statistics (PBS).Meanwhile, on year-on-year basis, the LSM grew by 0.25 percent in June 2014 compared to the production of June 2013. The data showed ...
Pakistan needs more wheat imports despite recent buys HAMBURG: Private buyers in Pakistan still need more wheat imports after a disappointing local harvest despite heavy purchases in recent months of mainly Russian and Ukrainian supplies, European traders said on Monday.But a weakening exchange rate means Pakistan's importers are waiting for further wheat price falls before making purchases, traders said.Traders said purchases of around 300,000 tonnes in the coming months are possible if prices and exchange rate movements permit."Purchase inquiries are being made for ...

 



 
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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln