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Independent judiciary key to boost business activities: ICCI ISLAMABAD: A delegation of Islamabad Chamber of Commerce and Industry (ICCI) led by its President Muzzamil Hussain Sabri visited Islamabad High Court Bar Association to congratulate Raja Muhammad Aleem Khan Abbasi on being elected as President and other new office bearers on winning election here on Thursday.Rana Abdul Latif Vice President, Sardar Shaukat Hayat General Secretary, Ms. Zareen Kanwal Finance Secretary, Ms. Wajiha Pervez Joint Secretary and a large number of Executive Member of IHC Bar Association were present at the occasion, according to statement issued by ICCI.Speaking at the occasion, Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce and Industry said that independent judiciary was the key to boost the economy as the growth of business and investment activities was directly linked with a fair and independent judicial system.He said Islamabad High Court Bar Association could make significant contribution for this purpose. He hoped that IHC Bar Association would ...

Measures bearing fruit with inflation down to 3.9pc in January ISLAMABAD: The government's measures to control inflation resulted in bringing down Consumers Price Index (CPI) to 3.9 percent in January 2015 as compared to 7.9 percent in same month last year.The headline inflation measured by CPI is on downward trajectory while other inflationary indicators like food inflation declined to 3 percent and non-food 4.5 percent in January as compared to 7.2 percent and 8.4 percent in the same month last year.The Sensitive Price Indicators (SPIs), ...
About 70,000 T Pakistani wheat exported under new scheme: trade HAMBURG: Pakistani exporters have sold about 70,000 tonnes of wheat in past weeks as the country's new export programme starts, European traders said on Tuesday.The government said in January it would permit 1.2 million tonnes of subsidised wheat exports to help clear large inventories.Initial sales of Pakistani wheat have mainly been made to neighbouring Afghanistan, traders said.Some sales have also been made to Malaysia and Sri Lanka, they said. Sri Lanka imposes low import duties ...
Pakistan in deals to export 250,000 T sugar, subsidy helps ISLAMABAD: Pakistan has signed deals to export 250,000 tonnes of sugar, after the government approved in December a subsidy of $100 a tonne for overseas sales of 650,000 tonnes of the sweetener lying with its mills, a top industry official said.Rising shipments from Pakistan in an amply-supplied world sugar market could further depress the benchmark New York prices that sank to their lowest level since 2010 on Tuesday and are on track for their fifth ...
SECP registers 454 new companies in February ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 454 new companies during the month of February, new incorporation witnessed 5 % increase as compare to same period last year and indicating investors' confidence.Around 91 percent companies were registered as private limited companies, while around 6 percent companies registered as single member companies. Three percent of the companies were registered as public Unlisted, associations' not-for-profit and foreign companies, says a statement issued by ...
LCCI opposes proposed raise in gas tariff LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Tuesday urged the government to avoid making any increase in gas tariff as it would jack-up cost of doing business and oust the export-oriented industries from international export market.LCCI President Ijaz A. Mumtaz said here the increase would hamper the growth of manufacturing sector that was already facing a number of internal and external challenges.He said, the proposed raise would create multiple problems for industrialists as they ...
Intl' airport to enhance trade in South Punjab; MCCI president MULTAN: Multan Chamber of Commerce and Industry (MCCI) President Mian Iqbal Hassan on Tuesday said that new international airport in Multan would increase trade and benefit over 40 million population of Southern Punjab.Talking to APP here, he said the government has performed a commendable job by providing a state-of-the-art international airport, adding that it was right time to encourage establishment of industrial units, producing value added products to extract maximum advantages out of the facility.He ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln