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FBR's collection of taxes on track; no negative effect of sit-ins: FBR Spokesman ISLAMABAD: The Federal Board of Revenue (FBR) has realized Rs.134 billion revenues till August 26 as compared to Rs.110 billion collected in the same period of last fiscal year depicting a 20 percent growth in the tax collection of the country, a senior official of the board said."The PTI led sit-ins have entered its 12th day and despite the civil disobedience campaign even much productive tax collection with over 20 percent increase in the so far period of August as compared to the previous year", said Member Inland Revenue and Spokesman , Federal Board of Revenue (FBR) Shahid Hussain Asad told APP here on Tuesday.He said that unlike other economic indicators, the protests and sit-ins did not dent the tax collection efforts of the government in current month.Shahid Hussain said the ongoing sit-ins of the political parties in federal capital did not affect the tax collection efforts of the FBR ...

LSM output grows 4pc in FY 2013-14 ISLAMABAD: The country's Large-Scale Manufacturing (LSM) output grew by 3.95 percent during the fiscal year 2013-14 compared to last year.The Quantum Index Numbers (QIN) of LSM stood at 121.66 points during July- June (2013-14) as compared to 117.04 points in July-June (2012-13), according to the latest data of Pakistan Bureau of Statistics (PBS).Meanwhile, on year-on-year basis, the LSM grew by 0.25 percent in June 2014 compared to the production of June 2013. The data showed ...
Pakistan needs more wheat imports despite recent buys HAMBURG: Private buyers in Pakistan still need more wheat imports after a disappointing local harvest despite heavy purchases in recent months of mainly Russian and Ukrainian supplies, European traders said on Monday.But a weakening exchange rate means Pakistan's importers are waiting for further wheat price falls before making purchases, traders said.Traders said purchases of around 300,000 tonnes in the coming months are possible if prices and exchange rate movements permit."Purchase inquiries are being made for ...
Furniture exports up 16.31pc ISLAMABAD: Exports of furniture from the country increased by 16.31 percent during July 2014 compared to the same months of last year.The country earned $0.770 million from the exports of furniture compared to the $0.662 million in July 2013, according to data of Pakistan Bureau of Statistics (PBS).On month-on-month basis, the exports of furniture increased by 8.30 percent in July 2014 when compared to the exports of $771 in June 2014, the data revealed.It is ...
Halal meat export increases to US $ 230.2mn last year ISLAMABAD: Halal meat export has fetched foreign exchange of US $ 230.2 million during 2013-14, showing almost 9 per cent increase as compared to same period last yearThe export of Halal meat during fiscal year 2012-13 was US $ 211.1 million, however, the steps being taken by government in the sector resulted in registration of growth.Sources at Pakistan Bureau of Statistics (PBS) on Monday said during last fiscal year, the export of other food items ...
FPCCI President for subsidy on agri-products KARACHI: President FPCCI, Zakaria Usman, expressed his serious concern over the issue of food security and urged the Government to provide subsidy on agricultural products related to food security to compete in the international market.In a letter to Federal Minister for Commerce, Engr. Khurram Dastagir Khan, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zakaria Usman suggested that the government can provide subsidy on those agricultural products which are concerned with the global ...
FBR extends date for payment of ST,FED and filing of tax returns ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date for payment of Sales Tax, Federal Excise Duty and filing of Sales Tax/Federal Excise Returns for the tax period July 2014 for all registered persons upto August 27.A notification of the FBR issued here on Friday said. Copyright APP (Associated Press of Pakistan), 2014 ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln