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Cement industry posts growth despite facing issues KARACHI: The cement sector has urged the federal govt to address the issues impeding the actual growth potential of the cement industry which is still performing well in view of overall turmoil in the economy, a spokesman for APCMA said in a statement Thursday.He said with a growth of 9.39% in sales over same period of last year the cement sector continues to struggle against ever increasing input costs including electricity and shortage of gas etc while it faces accusations of tax evasion etc whereas it is the only industry which offered the Federal Board of Revenue and Ministry of Industries to place supervised clearance system of cement dispatches.The spokesman said that in this challenging environment the cement sector continues to perform well as during the first five months of current fiscal year, a growth of 9.39 percent in domestic sales was recorded compared with same period of last fiscal ...

NA adopts motion of NA body on support price of wheat, rice price ISLAMABAD: National Assembly on Thursday adopted a motion moved by Standing Committee on National Food Security and Research regarding support price of wheat rice, cotton and sugarcane in the country.The motion was moved by the Malik Shakir Bashir Awan.The matter was raised by Muhammad Raza Hayat Haraj on October, 28 regarding support price of wheat, rice, cotton and sugarcane.Copyright APP (Associated Press of Pakistan), 2014 ...
SECP registered 315 companies in November ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 315 new companies in November, says a statement of SECP here on Thursday.Around 89 percent companies registered as private limited companies, while around 6 per cent registered as single member companies and 3 per cent as public limited, the statement added.Two percent of the companies have been registered as non-profit associations, trade organizations and foreign companies. One license has also been issued for anon-profit during ...
Inflation, prices go down with oil prices reduction ISLAMABAD: National Assembly was informed on Thursday that reduction in sensitive price index has been recorded with reduction in petroleum prices and the federal government has directed provincial governments to ensure relief for the common man.Parliamentary Secretary Finance, Revenue and Economic Affairs Rana Muhammad Afzal Khan told the House that prices of 14 items have shown reduction in prices including onion, potato, banana, sugar and other essential items.He further informed that inflation rate has decreased ...
Textile policy needs sharpening to facilitate SME sector ISLAMABAD: The Union of Small and Medium Enterprises (UNISAME) urged the federal minister for textiles and industries Abbas Khan Afridi to sharpen the forthcoming textile policy to facilitate the SME sector and address the issues of the majority sector diligently.President UNISAME Zulfikar Thaver said in a statement here Thursday that the SME textile sector was the majority sector and played an important part in the economy.He said the ministry should consult the SMEs in the ...
Spain ready for developing renewable energy, road networks ISLAMABAD: Spain is ready to help Pakistan in infrastructure development of renewable energy, communication networks, Ambassador of Spain, Javier Carbajosa on Wednesday said while addressing businessmen at Islamabad Chamber of Commerce and Industry (ICCI) here."Spain is one of the main wind and renewable energy producer in Europe with advanced expertise in the construction of ports, roads, highways and airports and it is ready to help Pakistan in energy and infrastructure development," Carbajosa said.He said despite ...
Gems, jewllery exhibition on Dec 5 PESHAWAR: A three-day gems and jewellery exhibition would begin on 5th December at Peshawar Museum from 9am to 4pm.The exhibition organized by the Tourism Corporation Khyber Pakhtunkhwa, Royal Gems Gallery, APECA, Women Chamber of Commerce, Directorate of Archaeology & Museums and Directorate of Archives.Advisor to Chief Minister Amjad Afridi would be the Chief guest at the opening ceremony.Commenting on the exhibition he said "For the past four- year the city of Peshawar has been neglected ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln