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SECP verifies FBR data of compliant companies ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP apprised the Federal Board of Revenue (FBR) about the companies that had satisfied its compliance requirements but had not filed tax returns with the FBR.According to SECP press statement, the FBR wanted to confirm the filing status of these companies with the SECP for the year 2014.The FBR had shared a list of 9,721 companies with the SECP on January 5. These Companies did not e-file income tax returns as of January 5, 2015, but had filed tax returns for the tax year 2013.It emerged that about 62% of companies, out of 7,444 companies, have filed their annual returns with the SECP in 2014. The lists of 4,641 compliant and 2,803 non-compliant companies have been shared with the FBR.The SECP carried out a comprehensive exercise to check the status of the said entities/companies through its online database and in a short ...

Mobile phone imports rise by 6.15pc in 5 months ISLAMABAD: The mobile phone imports into the country increased by 6.15 percent during first five months of the year 2014-15 over the same period of last year.The imports of mobile phones into the country during July-November (2014-15) were recorded at $282.872 million against the imports of $266.471 million during July-November (2013-14), according to the data of Pakistan Bureau of Statistics (PBS).On month basis the mobile phone imports into the country during the month of November ...
Weekly inflation dips 0.39pc ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on January 15 for the lowest income group up to Rs 8,000 registered a decrease of 0.39 percent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 199.82 points against 202.58 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, ...
PSO slashes Jan petrol imports, skips fuel oil purchases ISLAMABAD: Pakistan State Oil (PSO) has slashed petrol imports by half and skipped overseas purchases of fuel oil this month, a spokesman said on Friday, worsening power cuts and leading to petrol shortages around the country.PSO imports between 85 and 90 percent of the country's fuel oil and petrol, but it has been forced to cut purchases because it has not been paid by its customers.The nuclear-armed South Asian nation of 180 million is already ...
Pak forex figure at $ 15.06002bn KARACHI: Total liquid foreign reserves of the country stand at $ 15.06002 billion, said State Bank of Pakistan (SBP).According to SBP's weekly statement here on Thursday, the foreign reserves held by State Bank on January 9, amounted to $10.36501 billion and the net foreign reserves held by other banks were dollars $ 4.69501 billion.During the week ending Jan. 9, SBP's liquid foreign reserves decreased by $ 111 million to $ 10.365 billion compared to $ ...
Services trade deficit dips by 23.84pc ISLAMABAD: The services trade deficit of the country during first five months of fiscal year 2014-15 deceased by 23.84 percent with exports increased by 18.6 percent and imports by 1.85 percent.According to the data of Pakistan Bureau of Statistic (PBS), the overall services exports were recorded at US $2.376 billion during July-November 2014-15 against $ 2.003 billion during same period of last year.Similarly, the imports of services increased from $3.31 billion in July-November 2013-14 to ...
FPCCI President assures full support to member associations KARACHI: FPCCI will closely work with its member bodies and provide them all possible assistance, cooperation and guidance in resolving their trade related issues. This was assured by President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Muhammad Adress to the four-member delegation of Pakistan Chemicals and Dyes Merchants Association (PCDMA) calling on him, here at the Federation House, said FPCCI statement on Wednesday.Led by PCDMA Chairman Haroon Nisar Numberdar, the delegation discussed ...


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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 $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln