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Industrial Carnival draws large number of people HYDERABAD: The Third Industrial Carnival 2015 organised by Hyderabad Chamber of Commerce and Industry (HCCI) attracted a large number of people from Hyderabad and its adjacent areas.The carnival commenced from May 21 and will end on May 30. Its aim is to promote local economy and industries, said a statement released here on Thursday.Majority of people found quiz show and other programmes most attractive and beneficial where they won prizes worth thousands rupees.Among other prizes, more than 20 motorcycles were won by participants within only seven days of carnival, it said.HCCI maintained that more than 200,000 people had visited the carnival so far.President HCCI, Goharullah said that the carnival would promote the local economy and also create more job opportunities in the local industries.Copyright APP (Associated Press of Pakistan), 2015 ...

Exports show 23pc increase after GSP Plus status: TDAP RAWALPINDI: The country's exports have registered 23 % increase after gaining GSP plus status from the European Union, said Resource Person of Trade Development Authority (TDAP) Ahmed Fasih here on Thursday.He was addressing a seminar jointly organised by Rawalpindi Chamber of Commerce and Industry (RCCI) and TDAP on "Impacts of GSP plus status on country's economy." Director General TDAP Khalid Rasool, President RCCI Syed Asad Mashahadi and a number of RCCI members attended the seminar.Dispelling ...
100 basis point cut in Policy Rate to spur business activities: ICCI ISLAMABAD: Islamabad Chamber of Commerce and Industry on Monday welcomed the 100 basis point cut in policy rate to bring it down from 8pc to 7pc and termed it a positive initiative as it will decrease cost of doing business, encourage new investment and spur better economic growth in the country.President, Islamabad Chamber of Commerce and Industry(ICCI),Muzzamil Hussain Sabri said after the recent recession, many countries made drastic cuts in policy rates to restore economic ...
APTMA for using textile industry growth potential for jobs creation LAHORE: All Pakistan Textile Mills Association (APTMA) on Monday urged the government to utilise growth potential of textile industry for employment creation. Association's Chairman S.M. Tanveer stated here that he had put forward budget proposals which also stressed the need to operationalize closed capacity by providing guaranteed uninterrupted energy supply to export-oriented textile industry at competitive rates. Fiscal incentives including zero rating tax holiday, interest support for new investments in all textile sectors should be ...
First phase of FTA implementation boosts Pakistan's exports to China ISLAMABAD: Pakistan and China have completed first phase of implementation of Free Trade Agreement (FTA) 2012-13 and during this period exports to China recorded growth of 320 per cent.Similarly, during the period, the imports grew at 120 per cent, sources at Commerce Division said here on Monday.The sources said in order to better utilize concessions and address concerns of the domestic industry, Ministry of Commerce has started negotiations on 2nd phase of FTA with Chinese ...
CM approves release of Rs 2.5bn to achieve wheat procurement target KARACHI: Sindh Chief Minister, Syed Qaim Ali Shah Thursday approved release of Rs 2.5 billion to procure 200,000 tons of wheat to achieve the procurement target."I want fair distribution of 'bardana' and small growers must be given due share."These directives he issued to Minister for Food Gianchand Israni while presiding over a joint meeting of Food and Finance departments here at CM House, said a statement on Thursday.The meeting was attended by Sindh Minister for ...
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 2014 to $1.081 billion in ...


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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