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Poultry prices to come down gradually: Chairman PPA ISLAMABAD: Chairman Pakistan Poultry Association (PPA), Dr Hassan Sarosh Monday said that the recent hike in poultry products prices was temporary and it would gradually come down by mid April 2014."The weather is expected to get better and there are high chances that the gap between demand and supply would reduce, hence result in fall of chicken prices in the open market," Sarosh told APP while commenting on the increasing poultry products.It is pertinent to mention that the price of live chicken in the retail market has reached to Rs 175 per killo in the twin cities of Islamabad and Rawalpindi.He said the poultry industry suffered a lot during last one and a half year due to over-production, so farmers had to face loss due to which they closed down their poultry farms resulting in shortage of the product.Sarosh said less production resulted in less supply and consequently it could ...

Abdullah Zaki to represent KCCI in FBR's tax advisory council KARACHI: President, Karachi Chamber of Commerce and Industry, Aamir Abdullah Zaki will represent Karachi Chamber in the tax advisory council formed by Federal Board of Revenue (FBR). The tax advisory council has been formed to seek proposals on new taxation measures, provide necessary input on different tax policy matters, suggest ways and means to expand the tax base and propose legislation for making tax compliance law more effective, said a KCCI release here on Friday. ...
Plastic, printing, food equipment exhibition ends at mixed note KARACHI: The exhibitors at three-day 10th international exhibition of plastic, printing, packaging and foodequipment and technology, which concluded here on Thursday, called for its proper projection and marketing to make this exhibition as a real trade promoting tool.The majority of 350 stall-holders of 200 companies including 75 foreign companies while talking to APP correspondent, who gathered their feed-back on the 3rd and last day of the exhibition, said this event should have been properly organized ...
Weekly inflation up by 0.51pc ISLAMABAD: The Sensitive Price Indicator (SPI) for the week, ending on March 20 for the lowest income group up to Rs.8,000 registered an increase of 0.51 per cent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 204.34 points against 203.31 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, ...
Delay in issuance of refund tantamount to maladministration: FTO ISLAMABAD: The Federal Tax Ombudsman (FTO) has ruled that the delay in issuance of refund was tantamount to maladministration under Section 2(3)(ii) of the FTO Ordinance.On his findings FTO in a refund claim case recommended the Federal Board of Revenue (FBR) to direct the Chief Commissioner to issue refund due, in accordance with law; and report compliance within 30 days.According to the findings and recommendations of the FTO a complainant M/s Radian Glass (Pvt) Ltd ...
3rd Pak China Business Forum 2014 commences on Friday ISLAMABAD: COMSATS Institute of Information Technology (CIIT) is organizing 3rd Pak China Business Forum-2014 from March 21-24 to promote University - Industry collaborations in business and economic sectors for mutual benefit of both the countries.More than 20 Chinese companies will arrange stalls on the occasion and MoUs will also be signed between various organizations.Research and Development organizations and universities, public sector, private sector, local and international visitors will also participate in Business forum.CIIT also organized ...
FPCCI proposes FTA with Bahrain ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Wednesday said Pakistan has been experiencing a new dawn of economic revival and Bahrain should be a partner with Pakistan for mutual benefit.Bahrain should look into unmatched business opportunities in Pakistan with a special focus on project-based financing and Islamic banking, said President FPCCI Zakaria Usman while speaking at a meeting of Bahrain-Pakistan Business Council here.Bahrain's Minister of Industries and Commerce Dr Hassan ...


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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