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Punjab govt allocates Rs14.97bn for agri sector SIALKOT: The Punjab government has allocated Rs 14.97 billion during the current fiscal year for promotion of the agriculture sector and welfare of the grower community in the province.Sources in the Agriculture department told APP on Thursday that under the programme, a special attention would be accorded on enhancement of agriculture yield, promotion of drip irrigation system, leaser land leveling and construction of water courses for improving the irrigation system in the Punjab. The work on the programme will soon be launched.Apart from this, the programme would help improve supply chain of agriculture produce and the livestock in the province. Under the programme, arrangements were being made for enhancing yield of profitable crops, vegetables and other crops.The government was also taking solid steps for increasing fruit and vegetable export aimed at increasing a volume of the province. A basic concept of programmes was not only to increase agriculture yield but ...

Pakistani textile products have great potential in European markets ISLAMABAD: The Ambassador of Pakistan to France Ghalib Iqbal has said that Pakistani textile products have great potential of finding more space in European markets.He was talking to Michal Scherppe, the President of Taxworld Fair being held in Paris, said a message received here on Wednesday.The Ambassador visited Pakistani Pavilion and Pakistani entrepreneurs' stalls. He discussed with the exhibitors prospects of business development in France and assured them of continuation of full support and cooperation ...
SECP rolls out vision for commodities trading ISLAMABAD: In order to facilitate farmers in better price discovery access for their products and to provide them easy access to markets, the Securities and Exchange Commission of Pakistan (SECP) has embarked upon developing a road map for the commodity market in Pakistan.The SECP is restructuring the Pakistan Mercantile Exchange Limited (PMEX) to improve its effectiveness and to shape it into a vibrant commodity futures exchange, says a statement here Wednesday.The roadmap revolves around the ...
SECP sets up specialized department to regulate Islamic finance companies ISLAMABAD: To regulate and develop the Islamic financial market, the Securities and Exchange Commission of Pakistan (SECP) has established an Islamic Finance Department.The new specialized department shall carry out the functions of Shariah regulation and compliance, product development, market awareness, Shariah securities market development and international liaison and networking, said a statement issued here on Wednesday.The Islamic Finance Department will act as a backbone for coordination between the SECP's operational departments with the primary objective ...
Fruits, vegetable prices on decline due to cut in fuel prices ISLAMABAD: The prices of fruits and vegetables are significantly decreasing in capital due to cut in the fuel prices by the government.The residents of various localities appreciating the significant decrease in the fuel prices, said that the prices of pea decreased from Rs. 80 to 40 per kilogram, potato Rs. 40 to 30, onion Rs. 40 to 30, carrot Rs. 60 to 30, cauliflower Rs. 60 to 40, turnips Rs. 40 to 20 and radish ...
LCCI seeks budget proposals LAHORE: The Lahore Chamber of Commerce and Industry has sought budget proposals from its members.LCCI President Ijaz A Mumtaz said LCCI members, conveners, co-conveners of the LCCI Standing Committees and Lahore based trade & industrial associations should prepare and submit properly worked-out proposals to the LCCI as the Federal Board of Revenue had already started the budget making exercise.The LCCI President also stressed upon the leading businessmen specifically to share their issues with the LCCI ...
Sale on winter stuff attracts people in capital ISLAMABAD: The diminishing winter season opens good opportunity for the people to take advantage of "winter sales" as almost all the major brands considerably reduced prices of their quality garments, fabrics and shoes etc.Shops put their available stocks on sale to accommodate fresh arrivals for spring and summer seasons. One can buy variety of woolen fabrics, garments, shoes and other accessories including mittens, hats, mufflers, sweaters, shirts, long courts and jackets almost in half of ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln