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About 250,000 tons kinnow exported ISLAMABAD: Kinnow exports have showed a rapid increase during the current season as about 250,000 tons of kinnow (mandarin) exported so far from the country.Besides, the exports of other fruit and vegetables, exports of potatoes also witnessed significant increase as about 59,000 metric tons of potatoes exported during current season, said an official in Ministry of National Food Security and Research.Talking to APP here on Thursday, he said that despite several challenges, Pakistan has met its kinnow export targets of 300,000 tons during last year and it is expected that the exports would cross the set targets during current season.He said that government has taken several measures to increase quality and pest free production for enhancing fruit and vegetable exports particularly to European Union (EU) countries.A comprehensive work plane was worked out in collaboration with all stakeholders and taken steps for the capacity building, awareness campaign, registration of fruit fly ...

PSO seeks rare gasoil cargoes ahead of summer SINGAPORE: Pakistan State Oil is seeking gasoil cargoes for the first time in more than a year on expectation of a spike in summer demand, industry sources said on Thursday.The company's fuel consumption has also been steadily increasing due to lower oil prices, one of the sources said."Although buying power is the same for people, they are now able to buy more for the same amount, so volumes are increasing," the source added.Brent crude oil ...
LCCI workshop on family business LAHORE: Lahore Chamber of Commerce and Industry in collaboration with the QCT and International Finance Corporation (IFC) arranged a day-long workshop on 'Building a sustainable Family Business' here on Wednesday. LCCI President Ijaz A. Mumtaz, SVP Mian Nauman Kabir, Amer Qureshi of QCT, former LCCI president Tariq Sayeed Saigol, Bashir A. Baksh, Mian Misbah-ur-Rehman, Syed Shahid Ali of Treet Corporation, Mehwish Bilal Khan and Mohsin Ali Chaudhry of the IFC, and Hamid Zaman were key ...
KCCI members advised to get membership renewed by March 31 KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has advised all its members to renew their KCCI membership by March 31, so as to avoid any inconvenience.A KCCI official here on Wednesday said the process of membership renewal is currently underway at the Karachi Chamber for the year 2015-16 and as per Trade Organizations Act 2013, the last date for renewal of membership is March 31.The Chamber was said to have already intimated its ...
Call to focus on textile export sector FAISALABAD: Pakistan Textile Exporters Association (PTEA) has demanded the government to give due importance to textile export sector which is earning 60 percent of the total foreign exchange. Expressing concern over 12.9 percent drop in exports during the last month, the PTEA also demanded the government to take immediate remedial measure to arrest the shortfall. Talking to the media here on Wednesday, Sohail Pasha, Chairman and Rizwan Riaz Saigal, Vice Chairman of the PTEA said ...
Pakistan aims for FTA with Indonesia to further boost trade ISLAMABAD: Pakistan is aiming to start negotiations on a free trade agreement (FTA) with Indonesia sometime this year, to expand on the current preferential trade agreement (PTA), which began in 2013.As a result of the PTA, which had been mooted between Pakistan and Indonesia since 2008, bilateral trade rose dramatically from around US$1.1 billion in 2013 to $2.2 billion in 2014.Pakistan's charge d'affaires to Indonesia, Syed Zahid Reza explained that Pakistan was aiming for a ...
Gold import declines 91.63pc in July-February (2014-15) ISLAMABAD: The gold imports during the first eight months of current fiscal year 2014-15 plunged 91.63 percent as against the same period of last year.According to data revealed by Pakistan Bureau of Statistics (PBS), during the period under review, 354 kilogram of yellow metal worth of US $14.476 million was imported as compared to the import of 4,177 kg valuing $172.950 million during July-February 2013-14.The overall imports of metal group, however registered an increase of ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln