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Dar congratulates FBR team for achieving revenue target ISLAMABAD: Finance Minister Senator Ishaq Dar has congratulated Chairman Federal Board of Revenue (FBR) Tariq Bajwa and his whole team who have worked hard to achieve the target for revenue collection during the last fiscal year 2013-14."It is only due to the commitment, dedication and hard work of the whole team that only in one year there has been an increase of over 16 percent in tax collection which is unprecedented in the history of Pakistan", the Finance Minister said in a statement here Wednesday.The Finance Minister said that targets are always set on the higher end and efforts are made to reach closer to that target.The Finance Minister hoped that the FBR will devise a strategy to achieve the target of Rs.2810 set for the next fiscal year 2014-15.He directed the FBR Chairman to work for simplifying the procedures involved in filing returns and incentives should be given to ...

Gold imports decline by 43.48pc in 11 months ISLAMABAD: The gold imports during the first 11 months of the outgoing fiscal year 2013-14 plunged by 43.48 percent as against the same period of last year.According to data revealed by Pakistan Bureau of Statistics (PBS), during the period under review, 4,177 kilogram of yellow metal worth of US$ 172.950 million was imported as compared to the import of 5,740 kg valuing $306.005 million during July-May 2012-13.The overall imports of metal group, registered a decrease ...
CPI-based inflation up by 8.22pc in June ISLAMABAD: The country's Consumer Price Index (CPI) based inflation rate during June 2014 increased by 8.22 percent as compared to that of June 2013.On month-on-month basis, the CPI inflation increased by 0.61 percent in June 2014 compared to May 2014, said Asif Bajwa, Secretary Pakistan Bureau of Statistics while addressing a press briefing here Tuesday.Talking to media persons, he said that the average inflation rate during the year 203-14 increased by 8.62 percent over same ...
Pakistan June inflation slows to 8.2 percent y/y KARACHI: Pakistan's inflation slowed slightly to 8.2 percent year-on-year from 8.3 percent in May, the Bureau of Statistics said on Tuesday.On a month-on-month basis, the consumer price index rose 0.6 percent, it said. Copyright Reuters, 2014 ...
Country's economic indicators yielding positive results: MOF ISLAMABAD: The country's economic indicators are yielding positive results due to the government's prudent policies.A data of the Ministry of Finance said the national economy performed well during outgoing fiscal year 2013-14, Radio Pakistan reported.According to data of the Finance Ministry, the Federal Board of revenue realized 1,955 billion rupees during the outgoing financial year as compared to 1,679 billion rupees collected during same period of 2012-13, showing a growth of 16.4 percent.Finance Ministry said ...
Govt missions to make country an economic tiger: Sheikh Aftab ATTOCK: Minister of State for Parliamentary Affairs Sheikh Aftab Ahmed Friday said that it was the mission of the present government, under the dynamic leadership of Prime Minister Muhammad Nawaz Sharif to make the country an economic tiger.Talking to media persons while inaugurating a shuttle railcar service from Attock to Jand, Sheikh Aftab reiterated that the present government would never compromise on its principles.The minister categorically stated that there will be no loadshedding in the ...
Completion of highways to boost economic activities: Minister KARACHI: Minister of State for Communications Abdul Hakeem Baloch has said that timely completion of all projects of highways in Sindh is the need of the hour because completion of highways will minimize distances and will boost trade, tourism, industry and agriculture of the country that will ultimately bring economic prosperity in the country.He said that durable highways ensure our progress, and therefore, the present democratic government is paying exclusive attention to the Communications Sector ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln