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KCCI inks MoU with Kuwaiti business community KARACHI: The Karachi Chamber of Commerce and Industry (KCCI), and Business and Professional Women Network- Kuwait have signed a memorandum of understanding (MoU) for strengthening bilateral economic relations of Pakistan and Kuwait.The MoU was inked by President KCCI Iftikhar Ahmed Vohra and Vice President Business and Professional Women Network- Kuwait, Ms. Mashael Alasousi at the Kuwait Chamber of Commerce and Industry during the visit of a KCCI delegation to Kuwait, said KCCI release here on Friday.Under the MoU, both the parties have agreed to establish effective consultation, cooperation and exchange of information on bilateral trade and relationship. Both the sides agreed to appoint permanent staff to serve as focal point for execution of the MoU agenda.KCCI, and Business and Professional Women Network- Kuwait will also assist in amicable and friendly settlement of trade disputes between the members through conciliation, negotiation and arbitration/ mediation wherever necessary, taking into account the related ...

ICCI calls for fixing markets closure timings in Federal Capital ISLAMABAD: President,Islamabad Chamber of Commerce and Industry, Muzzamil Hussain Sabri Friday called for fixing markets closure timings in consultation with business community.He was addressing a gathering of traders after inaugurating Gulberg Green City.He said lot of traffic rush was witnessed daily on Expressway due to commuters were facing problems and called for developing the Expressway into a 10-lane road from Zero Point up to Rawat with signal free arrangement, according to statement issued here.He said ...
FPCCI committed to increase Pak-Turkey relationship KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is committed to enhance trade relations of Pakistan with all countries including Turkey,says Abdul Rahim Janoo, FPCCI's Senior Vice President. He was talking to a delegation of DS-Concept Turkey, the leading trade finance facilitating company, here at the Federation House. Arzu Celik, Head of Business Development, DS-Concept Turkey and Syed Qaseem Hussain Jaffri, Country Head, DS-Concept Pakistan Liaison office and other staff members Nausheen Nazir, ...
35pc wheat target achieved JHANG: The district administration is vigilantly monitoring the wheat buying process with the aim to achieve the target of buying 197,000 metric tons of the golden grain this year.This was stated by District food controller, Amanullah Somro while talking to reporters here Monday.He said over 60 percent bardana (gunny bags) had been distributed among the growers, and over 35 percent of the target of wheat procurement has been achieved so far.To a question, he said ...
Falling food prices benefit lower income countries: FAO ISLAMABAD: Despite a minimal reduction in global production, the world food import bill is about to reach a five-year low in 2015, pushing international prices for agricultural commodities down even further, the Rome-based UN Food and Agriculture Organization (FAO) said in its forecast.According to FAO's biannual Food Outlook report, given large supplies, low freight rates, a strong US dollar and changes in the volume of food import, international food prices continued declining during April, and ...
Weekly inflation up by 1.34pc ISLAMABAD: The weekly inflation for the week ended on May 7 for the lowest income group up to Rs 8,000 witnessed an increase of 1.34 percent as compared to the previous week.The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 203.24 points against 200.55 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with base ...
Garments exports witness 8.51pc increase during first three quarters ISLAMABAD: The country's garments exports posted 8.51 percent growth during first three quarters of current financial year as compared to the corresponding period of last year.About 22,843 thousand dozen of ready made garments worth US$ 1.54 billion were exported during from July 2014-March 2015 against 21,434 thousand dozens valuing US$ 1.42 billion of same period of last financial year.According to the data of Pakistan Bureau of Statistics, knitwear exports witnessed 7.54 percent increase and reached ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln