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Wheat harvesting starts BAHAWALPUR: Wheat harvesting has been started in various areas of Cholistan.According to Cholistani sources, the harvesting in these areas starts early because wheat crop gets ready for harvest earlier due to high temperature of the area.The harvesting started in celebrating traditional way by the residents of Cholistan.Copyright APP (Associated Press of Pakistan), 2013 ...

CCP imposes penalty of Rs 8.64bn on fertilizers companies ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs 8.64 billion on leading fertilizers manufacturing companies over violating the competition practices and artificially raising price of the commodity in the country. "This is the highest penalty the CCP has ever imposed during the course of time", Chairperson of the Commission, Rahat Kaunain Hassan said duing a press briefing here on Tuesday She said that the CCP bench comprising its senior member ...
Palm oil imports decrease, Soyabean trade increases in 8 months ISLAMABAD: Palm oil imports into the country witnessed negative growth of 12.42 percent during the first eight months of the current fiscal year as against the corresponding period of last year. The country imported palm oil worth $1.411 billion during July-February (2012-13) against the imports of $1.611 billion during July-February (2011-12), according to the data of Pakistan Bureau of Statistic (PBS). In Pak rupees term, the palm oil imports decreased 4.42 percent by going ...
FBR to collect double revenues, if smuggling of cigarettes stopped: CMAP ISLAMABAD: The executive member of Cigarettes Manufacturing Association of Pakistan (CMAP) and Executive Director Souvenir Tobacco Co. Ltd, Dilawar Khan said that Federal Board of Revenue (FBR) could collect the double revenues per year from cigarettes industries, if the smuggling of cigarettes stopped in the country.He expressed these views at a press conference held here on Tuesday along with office-bearers of CMAP including Haji Jan Bahadur Khan, Internation Cigarette Industry, Shiraz Bacha, Sarhad Cigarette Industry, ...
Cement exports post 24.08pc increase in eight months ISLAMABAD: Cement exports from the country during first eight months of current financial year posted an increase of 24.08 percent as compared to same period of last financial year. From July-February 2012-13 about 5,590,775 metric tons of cement worth US$ 376.85 million exported as compared to 5,589,372 metric tons valuing US$ 303.71 million of corresponding period of last year. According the data of Pakistan Bureau of Statistics (PBS), on month on month basis, the export ...
Iran stresses expansion of trade relations with Pakistan ISLAMABAD: Deputy Head of the Trade Promotion Organization of Iran (TPOI) for Marketing Affairs, Reza Towfiqi Zavareh stressed on expansion of trade relations with the regional countries including Pakistan by boosting role of free trade zones.Addressing local officials in Chabahar city, he noted that Chabahar Free Trade Zone is one of the most strategic free trade zones which can have a great effect on expansion of trade among regional countries and in particular between Iran ...
Wheat procurement from small farmers high on priority LAHORE: Punjab agriculture department has estimated impressive wheat produce in rain-fed areas this year and expressed its resolve to procure wheat from farmers of these areas on priority basis.Food Director Captain (R) Muhammad Usman will be visiting different districts in connection with the wheat procurement campaign to check the arrangements.A spokesman of the department said on Monday, that the director would visit Attock and Chakwal first and meet representatives of farmers in order to achieve ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln