Just in:  

You are here: Home»Pakistan»Business & Economy

Business & Economy


Exports of bedwear, readymade garments go up in two months ISLAMABAD: The exports of bedwear, readymade garments, cotton and yarn have increased during the first two months of the current fiscal year compared to the corresponding period of last year.According to the latest data released by Pakistan Bureau of Statistics (PBS), the exports of yarn (other than cotton yarn) increased by 8.80 percent by going up from $7.174 million during July-August (2013-14) to $7.805 million during July-August (2014-15).The exports of knitwear increased by 9.25 percent from $379.012 million to $41.103 million whereas the bed wear exports increased from $318.564 million to $374.490 million, showing positive change of 9.08 percent.Similarly, the exports of towels increased by 2.38 percent from $110.784 million to $113.418 million whereas cotton (carded or combed) exports increased by 141.79 percent by going up from $0.134 million to $0.195 million.The exports of tents, canvas and tarpaulin increased by 82.81 percent, from $10.893 million to $19.914 million whereas the ...

Pakistan produces prime quality honey in the world: Rashid ISLAMABAD: National Agriculture Research Center's (NARC) Honey Bee Research Institute, Senior Scientific officer Dr. Rashid Hussain has said that Pakistan was producing prime quality of honey in the worldTalking to APP Dr. Rashid Hussain said that despite the fact Pakistan has great potential to get itself listed in the major honey producers in the world, the country still falls at number 20th in terms of production.Dr. Rashid Hussain said Pakistan producing 298,000 metric tons annually, ...
Weekly inflation witnesses nominal increasepp ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on September 18 for the lowest income group up to Rs. 8,000 registered nominal increase of 0.20 percent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 209.70 points against 209.28 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with base 2007-2008=100, ...
MDBs deliver $24bn in climate change financing in 2013 ISLAMABAD: Six leading multilateral development banks (MDBs) provided almost $24 billion worldwide in financing in 2013 for projects in developing and emerging economies that address the challenges of climate change, according to the third annual joint MDB report on climate finance.The report that was released on Friday demonstrates the shared engagement expressed by the six MDBs last week to reinforce transparency of their financing in climate change mitigation and adaptation.The report has been prepared by ...
FPCCI President for extension in date for tax returns filing KARACHI: President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zakaria Usman has called for extension in the date for filing of income tax returns to Dec.31, 2014 from the present deadline of Sept.30, 2014.He also urged the Federal Board of Revenue (FBR) to avoid making changes in taxation rules, said FPCCI release here on Thursday.President FPCCI, Zakaria Usman has expressed his serious reservations over the imposition of new rules in FBR for filing ...
Services trade deficit up by 22.96pc in July ISLAMABAD: Services trade deficit during first month (July) of current fiscal year 2014-15 expanded by 22.96 percent as services exports decreased by 3.85 percent while imports witnessed an increase of 6.78 percent as compared to the same period of last year.On month of month basis, the services trade deficit decreased by 18.25 percent in July 2014 when compared to the deficit of June 2014, according to the latest data of Pakistan Bureau of Statistics (PBS).According ...
Sindh to freeze wheat issue price at Rs 3450/100 kg KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has approved the previous issue price of wheat at Rs 3450 per 100 kg for current financial year to maintain the flour price.He said that the provincial government had earmarked Rs 3 billion for the wheat subsidy but the decision to maintain the issue price at of the last year would require an additional amount of Rs 1.7 billion and raise total subsidy amount to Rs 4.7 ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln