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FPCCI reposes confidence in prudent economic policies of PM ISLAMABAD: Federation of Pakistan Chamber of Commerce and Industry, (FPCCI), an apex body of chambers in the country Thursday reposed confidence in prudent economic policies of Prime Minister Nawaz Sharif to put country on track leading to progress, prosperity and development.FPCCI Chief Zakaria Usman told APP that "we all office bearers of the federation, the presidents of its affiliated chambers and their attached trade associations are grateful to Prime Minister for acceding to their legitimate demands to maximum extent for help boosting the slow paced industrialization process in the country besides strengthening the national economy".He said they were also obliged to elected government of Pakistan Muslim League-(N) for taking first time traders into confidence before finalization the future economic policies. He said that all out efforts were made in prevailing crunch to provide best possible monetary relief to the industry.Zakaria refered to mark-up reduction in export re-finance and long term ...

Industrial Zones Face Load-shed During Sehr & Iftar: KE Spokesman KARACHI: K-Electric in its press statement has clarified its position after a news report was published regarding load-shed in the industrial area of SITE.According to the press statement, Karachi’s demand has hit a mesmerizing 3,000 MW which is a record high, and in order to cater the growing needs of the commercial and residential consumers especially during the holy month of Ramadan, the industrial zones face load-shed only during the peak Sehr & Iftar time.Giving ...
Cotton production target to be achieved: KCBF chairman KARACHI: Karachi Cotton Brokers Forum (KCBF) Chairman Naseem Usman has expressed his confidence that the cotton production target of 15.10 million bales for the next season (2014-15) will be achieved due to increase of over 300,000 acres cultivation area for the crop.Talking to APP, Naseem Usman said that the government's conducive policies had put the economy on the right track.He lauded the federal government's efforts to overcome electricity shortages. He said viable power projects initiated ...
Pakistani importers buy 35,000 T Black Sea sunflower seed HAMBURG: Pakistani importers have purchased about 35,000 tonnes of sunflower seed to be sourced from the Black Sea region, excluding Bulgaria, European traders said on Wednesday.It was purchased at about $430 a tonne c&f with 44 percent oil content for October shipment, traders said.Bulgaria has suffered heavy rain this summer, which may have damaged some crops, analysts say. Traders said they believed the sunflower seed bought by Pakistan would be sourced in Romania.Pakistani importers previously ...
Growers advised to sow onion nursery from last week of July MULTAN: Agriculture experts have advised growers to begin onion nursery sowing from last week of July in soil having proper water absorption capability to get good production.Before sowing, growers must mix animal waste fertilizers at the rate of one maund per marla and irrigate fields, says a release issued by media liaison unit of Punjab agriculture department on Wednesday.Growers should plough the field twice or thrice and then apply land leveller and leave the field ...
Rs558mn to be spent for vegetables, pulses produce MULTAN: A sum of Rs558.87 million will be spent under two projects for increasing the produce of vegetables and pulses in Punjab.An amount of Rs410.87 million will be spent on the project to enhance vegetables production while another Rs148 million for pulses, assistant director agriculture information Naveed Asmat Kahlon said in a meeting with progressive growers on Tuesday.The project for vegetables production, besides others, would mainly focused on enhancing production of potato, garlic, tomato and ...
S. M. Munir nominated as member BoD EPZA KARACHI: Prominent leader of the business community, S. M. Munir has been nominated as Member, Board of Directors of Export Processing Zone Authority (EPZA).A notification has been issued by Federal Ministry of Industries and Production that Chief Executive, TDAP S. M. Muneer has been given additional responsibilities as member Board of Directors EPZA, said a statement issued on Tuesday.President, Karachi Industrial Alliance, Mian Zahid Hussain, President KATI, Syed Farukh Mazhar, and others have congratulated S. ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln