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Pakistan can play leading role in galvanizing ECO ISLAMABAD: The Economic Cooperation Organization (ECO) member states should ensure regional integration through preferential tariffs, establish efficient common institutions and finalise an effective transport strategy.The ECO members are reluctant to introduce meaningful tariff cuts and agree on the function of common institutions resulting in disappointing outcome as compared to the other regional blocks like the EU, ASEAN and GCC that are preferring trade over politics, said Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt.The ECO has remained one of the least integrated region depriving seven per cent of the global population of the opportunities they deserve, he said, adding that ECO with seven landlocked countries remained far from prosperity due to political considerations, misgivings, armed conflicts, poor infrastructure and inadequate communications network, said a press release here Monday.With combined population of 436 million with shared cultural and historic affinities, combined growth rate of 5 per cent and GDP at ...

OEC sends over 1000 workers to South Korea in an year ISLAMABAD: Overseas Employment Corporation (OEC) has sent around 1000 workers to South Korea in an year and the process is still continuing.According to official sources, Pakistani workers in South Korea are earning a handsome salary per month.He said that Pakistan has also asked the Human Resource Development Department of South Korea to give an opportunity to our labour in the sector like fisheries, agriculture and construction.Health Ministry of Saudi Arabia recently selected 126 medical doctors ...
Pakistan inflation rate falls to 1.72pc y/y in August ISLAMABAD: Pakistan's annual inflation rate fell to 1.72 per cent in August from 1.80 percent in July,The Pakistan Bureau of Statistics said on Tuesday. It was the lowest year-on-year inflation in over 12 years."Pakistan's inflation has been relatively low in the past year, mainly due to lower electricity and international oil prices," said Chief Statistician Asif Bajwa, Private Channel quoted.On a month-on-month basis, prices fell by 0.24 per cent in August from July.The average annual ...
'Business community plays pivotal role in textile industry' FAISALABAD: Faisalabad Chamber of Commerce and Industry (FCCI) president Engineer Rizwan Ashraf said on Sunday said the business community played a pivotal role in making the city a hub of textile industry. Addressing a seminar organized by Rastgar on Compressed Air for Economy and Efficiency, he said the business community, engineering and allied sectors had to work hard to develop a strong industrial base and due to their collaborated efforts the city was internationally known.He ...
TDAP apprises NA body of reasons for drop in exports KARACHI: National Assembly Standing Committee on Commerce here Friday visited Trade Development Authority of Pakistan (TDAP) and the MNAs were briefed about the issues being faced by the exporters; leading to decrease in exports in fiscal year 2014-15.TDAP's Chief Executive Officer (CEO) S.M.Muneer informed the NA Committee that both electricity and gas crisis in the country badly affected the manufacturing process.He also pointed out that water shortage created by water mafia in the city has ...
Gwadar Port to be connected with railway network ISLAMABAD: Pakistan Railways is focussing on connecting Gwadar Port with railways network and establishing new dry port at Havelian to generate revenues.The government is committed to make Pakistan Railways a profitable organization and a number of steps are being taken in this regard, an official in the Ministry of Railways told APP.Pakistan Railways is involving private parties in commercial management of four passenger carrying trains and cargo express trains, he added.He said right mix of ...
Growers issued cotton picking guidelines MULTAN: Agriculture experts have issued a set of guidelines to farmers for picking of clean cotton to enable them earn good profit.Agriculture spokesman said in a statement on Thursday that good quality cotton can be obtained to attract premium price provided that farmers strictly follow guidelines from picking to transportation and ginning process.Farmers should start picking cotton only when bolls are completely open as fibre in partially opened bolls can have its colour affected after ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln