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PSM receives 73,000 MTN of Iron Ore KARACHI: Two cargo vessels namely M.V. Alam Murni and M.V. Eastern Star arrived at Pakistan Steel Jetty, Port Bin Qasim during last week.The Vessel M.V. Alam Murni carrying 50,000 MT iron ore of Brazilian origin is currently discharging the cargo and Vessel M.V. Eastern carrying 23000 MT iron ore is at the outer, said a press release of Pakistan Steel.With the arrival of latest ships, the total quantity of raw materials stock has increased to 150,000 MTN Coal and 100,000 MTN of Iron Ore (Lump/Fine). Pakistan Steel Management is confident that with the arrival of these ships the production and capacity utilization (CAPU) will further increase helping to achieve the targets set by government.From the bailout package of Rs. 18.5 billion provided by the current government, the fund allocated for raw material amounting Rs.9 billion was utilized accordingly and the material of Rs.9.4 billion is still available in the inventory, ...

Readymade garments registers $ 1.549bn exports ISLAMABAD: The export earnings from readymade garments have increased significantly as these registered an increase of 8.51 percent in terms of value with 22.843 million dozens various types of items worth US $ 1548.282 million during first three quarters of this year.The number of various types of readymade garments exported during same period last year was 21.434 million dozens and their worth was US $ 1426.826 million.An official data on Monday showed that readymade garment ...
Weekly inflation shows nominal increases of 0.74pc ISLAMABAD: The weekly inflation for the week ended on June 11 for the lowest income group up to Rs 8,000 registered a nominal increase of 0.74 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 205.58 points against 204.07 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with ...
Govt sets industrial growth target at 6.4 percent for 2015-16 ISLAMABAD: The government has set industrial growth target at 6.4 percent for the financial year 2015-16 to achieve sustainable economic growth as well as creating job opportunities for skilled work force in the country.According to the 'Annual Development Plan 2015-16', to achieve the fixed growth targets of industrial sector, the government is determined to improve the energy supply and planned investment under the China-Pakistan Economic Corridor (CPEC) project.The mining and quarrying sector is projected to ...
Agriculturists term Govt. incentives in budget to increase per-acre production PESHAWAR: The agriculturists and farmers community here Tuesday termed the federal government's incentives announced in the budget, would immensely help increase the per acre production of agriculture besides enhancing the country's exports and income of farmers community.Lauding various agriculture incentives announced by the Federal Government in the budget 2015-16 for facilitation and welfare of farmers community and growers, agriculture experts Misal Khan and Sajid Khan of Nowshera district told APP the announcement of interest-free loans ...
Textile exports increases 2.94pc in April ISLAMABAD: The textile exports from the country increased by 2.94 percent in April against the exports of same month of last year.The exports of textile group in April, were recorded at $1.081 billion against the exports of $1.05 billion in April 2014, according to Pakistan Bureau of Statistics (PBS).Similarly on month on month basis the textile group exports in April also increased by 4.6 percent from $1.033 billion in March 2015 to $1.081 billion in ...
FBR implemented 88.75pc decisions of Federal Tax Ombudsman LAHORE: Federal Board of Revenue, (FBR) and its field offices implemented 88.75 per cent decisions of the Federal Tax Ombudsman.According to FTO annual report 2014 published recently, FTO secretariat received a total of 1624 complaints last year compared to 1898 in 2013 of which 1548 were decided during the period under review. A total of 1374 decisions were implemented by the FBR and its field offices. The remaining were either challenged before the President of ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln