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Sugar export fetches US $ 171.78mn in nine months ISLAMABAD: The sugar export to different countries has fetched foreign exchange of US$ 171.78 million during first three quarters of previous fiscal year.The cropped area for sugarcane stood at 1141 thousand hectares during 2014-15 against last year's area of 1173 thousand hectares.Official sources on Wednesday said sugarcane is an important cash crop of Pakistan and is mainly cultivated for sugar and sugar- related production along with an input for paper and board industry.Sugarcane accounts for 3.1 percent in agriculture value addition and 0.6 percent in Gross Domestic Product (GDP).The sources said sugarcane production for the year 2014-15 stood at 62.7 million tonnes against 67.5 million tonnes last year, showing a decrease of 7.1 percent which was due to decrease in cropped area over last year as competitive crop (rice and cotton) discouraged the growers to bring more area under cultivation. The disposal problems of sugarcane and payments difficulties also restricted ...

Inflation at lowest rate in 12 years ISLAMABAD: Consumer Price Index (CPI) based inflation rate during the year 2014-15 witnessed an increase of 4.53 percent as compared to same period of last year which is the lowest in 12 years.On year-on-year basis, the CPI inflation increased by 3.16 percent in June, 2015 as compared to same month of last year.Similarly on month on month basis the CPI based inflation increased by 0.62 percent in June as against May, 2015, Asif Bajwa, Chief ...
Mobile phone imports increase by 15.86pc in 11 months ISLAMABAD: Mobile phone imports in Pakistan have increased by 15.86 % in first eleven months of fiscal year 2014-15 and reached US $ 653.808 million.The mobile phone exports were US $ 564.293 million in same period last year.As per figures issued by Pakistan Bureau of Statistic, on year on year and month on month basis, the mobile phone imports into the country increased by 20.72% and 3.27% as compared to imports in May 2014 and ...
Businessmen urged to explore business in CARs RAWALPINDI: The business community on Tuesday was urged to explore business opportunities in the Central Asian Republics (CARs) as vast avenues are lying unexplored in the region."The businessmen should concentrate more on exploring vistas for business in the CARs", said President Rawalpindi Chamber of Commerce and Industry (RCCI) Syed Asad Mashadi said addressing a meeting of the chamber here.Mashadi pointed out that strategic location of Pakistan needs be utilized for expanding and strengthening of the ...
Philippine opens quota of 50,000 metric tons rice from Pakistan KARACHI: Phillipine has given a share to Pakistan and offered to import 50,000 metric tons rice from the South Asian country. According to details, Philippines' The National Food Authority (NFA) has invited its private sector to participate in import of an aggregate volume of 805,200 metric tons of rice under the minimum access volume (MAV) for this year. The total import volume comprises 755,200 Mt of country-specific quota (CSQ) and 50,000 MT of omnibus origin ...
Mobile phone imports up by 15.86pc in 11 months ISLAMABAD: The mobile phone imports into the country increased by 15.86 percent during first 11 months of the year 2014-15 over the same period of last year.The imports of mobile phones into the country during July-May (2014-15) were recorded at $653.808 million against the imports of $564.293 million during same period of last year, according to the data of Pakistan Bureau of Statistics (PBS).On year on year and month on month basis, the mobile phone ...
ICCI for strong anti-smuggling measures to boost local industry ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday called upon the authorities to take strong anti-smuggling measures as rising phenomenon of smuggling was undermining the local industry and causing harmful consequences for the national economy.President Islamabad Chamber of Commerce and industry (ICCI) Muzzamil Hussain Sabri said that national exchequer was reportedly losing around Rs.120 to 150 billion annually due to smuggling of many items.He stressed upon the government to pay urgent attention to ...


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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 $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln