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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 billion. Besides, the Sindh Government has spent more than Rs 1 billion so far to provide free of cost wheat to the people in drought affected areas.This he said while presiding over a meeting regarding wheat issue price here on Tuesday.He said that his government was ready to spend additional amount of Rs.1 billion and added that provision in this regard has also been made.The chief minister said that Sindh Government is spending huge amount ...

Prices of vegetable witness upward trend ISLAMABAD: The prices of vegetable have been witnessing upward trend in the federal capital as a result of flash floods in various parts of Punjab province.According to price list issued by Directorate of Municipal Administration (DMA), Capital Development Authority (CDA) for Tuesday H-9 bazaar, the prices of vegetables have shown increase.The H-9 bazaar officials said that the increase is due to flood situation in various parts of Punjab, adding that in various areas, standing crops ...
Weekly Inflation goes up ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on September 11 for the lowest income group up to Rs. 8,000 registered increase of 0.62 percent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 209.28 points against 208.00 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, covering ...
Danish trade delegation to visit Pakistan in October: Ambassador KARACHI: Ambassador of Denmark, Jesper Moller Sorensen has said that for the first time, a trade delegation from Denmark will be visiting Pakistan in October 2014 to explore ways and means of enhancing trade and look for partnership in various sectors.Exchanging views with KCCI office bearers during his visit to Karachi Chamber on Thursday, the Danish Ambassador said that representatives of eight Pakistani companies will also be visiting Denmark this month (September) where they will ...
China to invest $50bn in development projects in Pakistan ISLAMABAD: China intends to invest as many as $50 billion by 2017 in various sectors of Pakistan's economy, particularly in energy sector to help the country overcome power crisis and help sustainable economic growth, President Pak-China Joint Chamber of Commerce and Industry Shah Faisal Afridi said."China has planned to replicate the model of Shanghai Free Trade Zone (SFTZ) by investing $50 billion into a number of projects including coal, solar and wind energy till 2017 ...
SECP to ease regulatory compliance regime ISLAMABAD: Chairman, Securities and Exchange Commission of Pakistan (SECP) Tahir Mahmood on Thursday said that procedural improvements are being made to ease the regulatory compliance regime for registered entities.The SECP is working towards improving the business climate in Pakistan by reducing bottlenecks in the appointment of foreign directors in local companies and simplifying the disclosure requirements for unlisted companies, he said.The Chairman SECP was addressing the business community during his visit to Overseas Investors Chamber ...
SECP allows companies to circulate annual reports via e-mail ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has allowed electronic transmission of annual reports along with notices of annual general meetings in order to reduce the cost of compliance with regulatory requirements for companies through effective use of technology.The SECP, in a notification, permitted companies to send their annual reports along with notice of annual general meetings to their members through e-mail provided they have given their consent in advance and registered their ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln