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Carpet customers throng Pakistan pavilion SHANGHAI: The carpet buyers from around the world throng at Pakistani pavilion set up at the International fair held last week at Shanghai, also popularly known as China's Commercial and Economic hub.The DOMOTEX Asia/CHINAFLOOR, took place from the March 26-28 at Shanghai New International Exhibition Center (SNIEC).It hosted more than 1,200 exhibitors from 35 different countries, in a total space of 11 exhibition halls with covering area of 127,000 square meters.Around 42,000 visitors from China and all over the world visited the event. It was the fifteenth edition of the event."This was the second time for Pakistan carpet companies to attend this exhibition as Pakistan Delegation" Zafar Hasan, the Pakistan's Consul here said adding that "Twenty five companies with about fifty five delegates participated".He pointed out that the Pakistan Pavilion covered an area of 500 sqm. A large number of buyers from mainland and aboard visited the Pakistan stalls to ...

Drafting new corporate law: SECP chief establishes a dedicated secretariat RECORDER REPORTISLAMABAD: In order to ensure the timely completion of much-awaited review of country’s existing corporate law, Chairman, Securities and Exchange Commission of Pakistan (SECP), Muhammad Ali has established a dedicated secretariat with a sole objective of drafting a new corporate law.According to Imran Ghaznavi, Head of Media and Corporate Communication Department, SECP, here on Saturday, the new corporate law would serve as a specially tailored solution to the specific needs of Pakistan’s corporate sector ...
Country’s economy at high risk: LCCI chief RECORDER REPORTLAHORE: Expressing concerns over slow economic growth and increasing fiscal deficit, the Lahore Chamber of Commerce and Industry has said that the country’s economy is at a high risk and remains vulnerable to internal and external shocks.The LCCI President Farooq Iftikhar said in a statement that the continuous increase in fiscal deficit will pull country’s economy towards major downturn, which is already in precarious condition due to various core issues that need to be ...
Suspension period of AC extended RECORDER REPORT ISLAMABAD: The Federal Board of Revenue (FBR) has extended suspension period of Irfan Asghar, Assistant Commissioner (BS-17) till July 7.According to a notification issued by the FBR here on Saturday, in continuation of Board’s Notification, Competent Authority has extended the suspension period of Irfan Asghar, Assistant Commissioner (BS-17) presently on deputation to Military Lands & Cantonments Department, Rawalpindi till July 7, 2013.Copyright Business Recorder, 2013 ...
Chairman SECP rejuvenates corporate law review project ISLAMABAD: Chairman, Securities and Exchange Commission of Pakistan (SECP), Muhammad Ali has established a dedicated secretariat with a sole objective of drafting a new corporate law, in an effort to ensure the timely completion of much-awaited review of country's existing corporate law.The new corporate law would serve as a specially tailored solution to the specific needs of country's corporate sector and cater to the aspirations of entrepreneurs and investors alike.The secretariat, located at the SECP's ...
Pakistan's strong participates in Intertextile Beijing Apparel Fabrics trade fair BEIJING: Pakistan had a strong presence in the Intertextile Beijing Apparel Fabrics trade fair being held here from March 27-29, 2013.The Trade Development Authority of Pakistan (TDAP) arranged participation of seven leading exporters of fabrics in the Intertextile Fair.The fair is being attended by 16 countries from Europe and Asia. Another 29 Pakistani textile companies have set up their stalls displaying textile related products.On the inauguration day, Ambassador Masood Khalid, along-with Commercial Counselor Riaz Ahmed ...
Taiwan delegation evince interest in Pak handicrafts LAHORE: A six-member delegation from Taiwan Thursday evinced keen interest in Pakistan handicrafts and appreciated high standard of workmanship reflecting rich culture of the country.Leader of the delegation Yohannes Kuehorn, while talking to APP during his visit to Pakistan Handicrafts Shop here acknowledged that Pakistani artisans possess rare capabilities and potential to produce best quality handicrafts.Other members of the delegation--Dr Albert Chu, Willy Fok, Lincoln Wang, Ms. Judy Seng, Ms. Betty and Ms Sabia Lin ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln