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Revenue streams of Railways reach Rs. 15.968bn in nine months ISLAMABAD: The proactive measures in Pakistan Railways are bearing fruits as its revenue streams have registered a significant increase from June 10, 2013 to February 28, 2014 and department managed to earn Rs. 15.968 billion.The revenue streams of the department were Rs.11.497 billion as compared with the same period of corresponding year, thus registering an increase of 39 per cent which is Rs. 4.470 billion.According to Ministry of Railways here on Tuesday, it is taking steps to control the deficit which include right mix of passenger and freight services.Passenger service has been caped at 96 trains a day and most of the resources are being allocated to freight sector which has produced encouraging results.The other measures are improvement in availability of locomotives through special repair of existing locomotives and procurement of new locomotives - (from 8 to 25 locomotive per day only for freight, thereby resulting in increase of daily ...

Poland keen to invest in energy sector ISLAMABAD: Pakistan and Poland should sign memorandums of understanding (MoU) in energy and other areas of interest to deepen and expand bilateral cooperation between the two countries, Vice Minister and Secretary of State, Ministry of Commerce Poland, Tomasz Tomczykiewicz said here Tuesday.Addressing business community here at Islamabad Chamber of Commerce and Industry (ICCI), he said Poland wants to take benefit of great opportunities in the economy of Pakistan.Tomasz Tomczykiewicz was leading a delegation of Polish ...
Gold imports up by 20.4pc in 8 months ISLAMABAD: The gold imports during the first eight months of current fiscal year 2013-14 surged by 20.4 percent as against the same period of last year.According to data of Pakistan Bureau of Statistics (PBS), during the period under review, 4,203 kilogram of yellow metal worth of US$ 17.601 million was imported as compared to 2,639 kg valuing $13.828 million during July-February 2012-13.The overall imports of metal group, registered a decrease of 9.7 per cent during ...
TDAP introducing reforms to achieve $50bn export target ISLAMABAD: Long-awaited serious reforms have been initiated to bring Trade Development Authority of Pakistan (TDAP) back on track to achieve export target of US$ 50 billion."Recent moves by the government have encouraged masses and the business community which has a very positive impact on the economy", Chief Executive Officer of the TDAP, SM Muneer said while talking to business community here on Tuesday.He said that the government was in process of bringing positive change rules ...
Fruit, vegetable exports up by 22.82pc, 10.90pc in eight months ISLAMABAD: Fruit and vegetable exports from the country during first eight months of current financial year registered positive growth of 22.82 percent and 10.90 percent respectively as compared to the same period of last year.During the period from July-February, 2013-14, about 505,342 metric tons of fresh fruit worth US$ 338.242 million exported as compared to exports of 524,313 million tons costing US$ 275.405 million of the corresponding period of last financial year.According to the data ...
Business community playing major role in strengthening Pak-US ties: FPCCI Chief KARACHI: President FPCCI, Zakaria Usman on Monday called for centralization of private sector's efforts for strengthening of Pakistan's economic ties with other countries under FPCCI instead of running parallel trade bodies with different titles. He said that a joint business council or joint chamber of commerce is normally established by the national chambers of two countries. However, he regretted, some JBCs and JCCIs in Pakistan either in collaboration with local chambers or being run individually ...
New initiatives needed to improve Pak-Portugal bilateral trade: ICCI ISLAMABAD: Acting President of Islamabad Chamber of Commerce and Industry (ICCI) Khalid Chaudhry said on Monday said Pakistan and Portugal needed to take new initiatives to improve bilateral trade as the current volume was far below the potential.To tap all untapped areas of cooperation, both the countries should encourage frequent exchange of trade delegations and facilitate private sectors in making direct contacts, he added. He was addressing the business community at ICCI on the visit ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln