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Punjab expects 19mn tonnes wheat production ISLAMABAD: In Punjab, over 19 million ton wheat produce is expected this year from 17 million acres sown area.According to Radio Pakistan quoting a spokesman of Agriculture department the assessment is one per cent below the wheat production achieved last year due to recent rains and hailing that damaged wheat crop in parts of Punjab.The spokesman advised farmers to handle carefully process of wheat harvesting, threshing and storage.He advised farmers not to harvest crop in case of rain, and,if possible, should use combined harvester and reaper.Copyright APP (Associated Press of Pakistan), 2015 ...

International Investors call on Ishaq Dar in London ISLAMABAD: Representatives from the top financial companies in London called on Finance Minister Ishaq Dar at Pakistan High Commission London last night.Leading investment funds including Jefferies, Aberdeen Asset Management, Ashmore Group, Renaissance Capital, and Spinnaker were represented during this meeting, according to a statement here Thursday.Giving an overview of the Pakistan economy, the Minister highlighted the successful issuance of Euro and Sukuk bonds and recent divestment of Government shares in Habib Bank.He thanked the investors ...
Services trade deficit down 38.13pc ISLAMABAD: Services trade deficit during first eight months (July-February) of current fiscal year 2014-15 witnessed a sharp decrease of 38.13 percent to US $1.124 billion from $1.818 billion during July- February 2013-14.The services exports during the period under review increased by 22.78 percent from $3.442 billion last year to $4.226 billion this year.While the imports witnessed an increase of 1.73 percent to $5.351 billion in July-February 2014-15 from $5.26 billion during same period of last ...
Hydropower generation must for speedy economic growth: LCCI LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) Tuesday stressed on early construction of dams as speedy economic growth was possible only through hydropower generation, an inexpensive source of electricity. LCCI President Ijaz A. Mumtaz, in a press statement, said power generation through thermal means was not affordable for businessmen. He said Kalabagh dam should be constructed as it would not only produce cheaper and sufficient electricity but also help avert drought like Tharparkar ...
Weekly inflation up by 0.78pc ISLAMABAD: The weekly inflation for the week ended on April 09 for the lowest income group up to Rs 8,000 witnessed increase of 0.78 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 201.56 points against 200.00 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, ...
Farmers, seed dealers' convention on April 11 MULTAN: A convention of farmers and seed dealers will be held at Rahimyar Khan on Saturday (April 11) to promote sowing of registered seed varieties for enhanced production.The convention was being organized on the directions of Chief Minister Punjab Shahbaz Sharif.Punjab Seed Corporation (PSC) Managing Director Khaqan Babar would preside over the convention to be held at seed processing plant of PSC at Bahadurpur Rahimyar Khan, says a release issued by agriculture spokesman.Agriculture officials, director ...
149,000 metric tonnes wheat to be procured FAISALABAD: The district food department will procure 149,000 metric ton wheat during current procurement campaign starting from last week of current month.The department has set up 11 procurement centers for purchase of wheat from growers at different points across the district, said an official here on Friday.He said that distribution of gunny bags (Bardana) among wheat growers will begin from April 20, for which all arrangements have been finalizedCopyright APP (Associated Press of Pakistan), 2015 ...


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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln