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China to invest $50bn in development projects in Pakistan ISLAMABAD: China intends to invest as many as $50 billion by 2017 in various sectors of Pakistan's economy, particularly in energy sector to help the country overcome power crisis and help sustainable economic growth, President Pak-China Joint Chamber of Commerce and Industry Shah Faisal Afridi said."China has planned to replicate the model of Shanghai Free Trade Zone (SFTZ) by investing $50 billion into a number of projects including coal, solar and wind energy till 2017 under Early Harvest Programme," Faisal said.These projects would enable Gawadar to create a nexus between Pakistan, Iran, China and Central Asian States that would ultimately generate billions of dollars in revenues along with huge job opportunities in the region.Afridi said that SFTZ is a perfect model to be implemented at Gwadar, asserting, the SFTZ was first used as a testing ground for a number of economic sectors.The zone, he said, incorporated numerous relaxations in different ...

SECP to ease regulatory compliance regime ISLAMABAD: Chairman, Securities and Exchange Commission of Pakistan (SECP) Tahir Mahmood on Thursday said that procedural improvements are being made to ease the regulatory compliance regime for registered entities.The SECP is working towards improving the business climate in Pakistan by reducing bottlenecks in the appointment of foreign directors in local companies and simplifying the disclosure requirements for unlisted companies, he said.The Chairman SECP was addressing the business community during his visit to Overseas Investors Chamber ...
SECP allows companies to circulate annual reports via e-mail ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has allowed electronic transmission of annual reports along with notices of annual general meetings in order to reduce the cost of compliance with regulatory requirements for companies through effective use of technology.The SECP, in a notification, permitted companies to send their annual reports along with notice of annual general meetings to their members through e-mail provided they have given their consent in advance and registered their ...
TDAP to hold 4-day lifestyle expo in India from Sept 11 ISLAMABAD: The Trade Development Authority of Pakistan (TDAP) will hold 4-day "Alishan Pakistan", the second edition of the lifestyle Pakistan exhibition in New Delhi from Thursday.TDAP Chief Executive S. M. Munir prior to his departure to India told APP Wednesday that over 800 participants from Pakistan will attend the event.The exhibition will showcase top quality of Pak textiles, including high-end designer wear, various furniture houses will also exhibit and sell as well as market their ...
Mobile phone imports up 8.24pc in July ISLAMABAD: The mobile phone imports into the country increased by 8.24 percent during the first month of the year 2014-15 over the same period of last year.The imports of mobile phone into the country during the month of July (2014-15) were recorded at $48.362 million against the imports of $44.679 million during July (2013-14), according to the data of Pakistan Bureau of Statistics (PBS).On month on month basis, the mobile phone imports into the country ...
About 15.1mn cotton bales production expected ISLAMABAD: About 15.1 million cotton bales production is expected during the current crop season as cotton sowing witnessed 4.5 percent increase in Punjab and 5.8 percent in Sindh Province.The Punjab Province had achieved over 94 percent of crop sowing target set for the current crop season, said Cotton Commissioner in the Ministry of Textile Industry, Dr. Khalid Abdullah.Talking to APP here on Monday, he said that the crop was cultivated over 5.68 million acres as ...
CII to assist Pak in SME sector LAHORE: The Confederation of Indian Industry (CII), the largest private sector network, will enhance bilateral trade ties especially the promotion and strengthening of SME sector on modern lines between Pakistan and India to meet international export standards.The leader of Indian delegation Rajesh Menon, (Head of South and Central Asia) Confederation of Indian Industry prior to his return to India after 3-day visit to Pakistan told APP here Saturday that he had result oriented and meaningful ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln