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China to import $4 to 5 million jewellery from Pakistan KARACHI: Gems and Jewellery Trade Association of China (GJTAC) here signed memorandum of understanding (MoU) with All Pakistan Gems and Jewellery Association (APGJA for import of jewellery and gems from Pakistan valuing dollars 4 to 5 million.The MoU, signed at Expo Centre Karachi on Friday, the second day of 9th ExpoPakistan 2015, is aimed at promoting Pakistan's gems and jewellery in China and for transfer of technology to Pakistan by providing modern machinery for precious stones (gems) cutting and polishing along with experts' services who will train Pakistani gems and jewellery workers. " Chinese experts will give training to Pakistanis here and also in China," Kashif-ur-Rehman, Chairman, Gems, Jewellery Producers, Manufacturers and Exporters' Committee at Federation of Pakistan Chambers of Commerce and Industry (FPCCI) told APP here. Ms. Queena on behalf of the President of GJTAC signed this document in presence of Chief Executive Officer (CEO), Trade Development of Authority ...

Govt urged to pay ST refund immediately KARACHI: Chief Executive Trade Development Authority of Pakistan (TDAP) S.M.Muneer has said that the business community can convert the mud into gold as Pakistan is very rich in natural resources. Situation is improving, however the government shall have to support the businessmen.Speaking at the first International Textile Conference & Awards 2015 here on Saturday, he urged the government to refund the sales tax (ST) to the businessmen without further delay."If the government refunds this amount ...
Up to $7mn fruits, vegetable exports orders expected from Expo KARACHI: Five to seven million dollars import orders for fruits and vegetable are expected to be received before the end of 4-day 9th Expo Pakistan 2015 that began on Thursday last at Expo Centre Karachi.Waheed Ahmed, Chairman, FPCCI Standing Committee on Fruits and Vegetable Exports, and Co-chairman, All Pakistan Fruits and Vegetable Importers, Exporters and Merchants Association talking to APP at the Expo on Friday said that fruits and vegetable exports have increased 15 percent ...
Weekly inflation down by 0.48pc ISLAMABAD: The weekly inflation for the week ended on February 26 for the lowest income group up to Rs. 8,000 decreased by 0.48 percent as compared to the previous week.The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 198.87 points against 199.82 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, covering ...
Sunflower to be cultivated over 87,000 acres in Punjab SIALKOT: Punjab government has formulated a plan for the promotion of sunflower and other oil seed crops in the province.Sources in Agriculture department here told APP on Friday that under the programme over 87,000 acres of land would be brought under Sunflower cultivation in various areas of Punjab.In Sialkot district, Sunflower will be cultivated on over 2000 acres, sources added.Agriculture department has directed the growers to use only recommended and authenticated seeds for obtaining maximum ...
TDAP measures helped to increase surgical exports SIALKOT: Chairman Surgical Instruments Manufacturers Association of Pakistan (SIMAP), Tahir Ashfaq Friday said that export of surgical instruments has increased considerably due to effective measures adopted by Trade Development Authority of Pakistan (TDAP), alongside individual efforts of local business community."A delegation of surgical manufacturers and exporters will visit South Africa in May this year for exploring the market and assessing the demand of surgical instruments", he disclosed.In an interview with APP, he said TDAP was ...
Govt urged to take notice of substandard LPG's import LAHORE: LPG Association of Pakistan (LPGAP) has urged the government to take cognizance of the import of low quality, spurious and adulterated LPG to avoid any untoward incident. Association's Chairman Farooq Iftikhar in a statement said that some unscrupulous importers were selling low quality and cheaper LPG and playing with the lives of the people beside wasting foreign exchange and loss of tax revenue for the government. Why is this happening? Today a lot of ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln