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LCCI workshop on family business LAHORE: Lahore Chamber of Commerce and Industry in collaboration with the QCT and International Finance Corporation (IFC) arranged a day-long workshop on 'Building a sustainable Family Business' here on Wednesday. LCCI President Ijaz A. Mumtaz, SVP Mian Nauman Kabir, Amer Qureshi of QCT, former LCCI president Tariq Sayeed Saigol, Bashir A. Baksh, Mian Misbah-ur-Rehman, Syed Shahid Ali of Treet Corporation, Mehwish Bilal Khan and Mohsin Ali Chaudhry of the IFC, and Hamid Zaman were key speakers. The topics covered in the workshop were business case for corporate governance and succession planning, the challenges of running a family business, the health check of your business and last but not the least family governance and succession. The LCCI president said, family-owned business were recognized today as an important and distinct organization in the world economy, adding that family businesses now operated in every country and may be the oldest form of business ...

KCCI members advised to get membership renewed by March 31 KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has advised all its members to renew their KCCI membership by March 31, so as to avoid any inconvenience.A KCCI official here on Wednesday said the process of membership renewal is currently underway at the Karachi Chamber for the year 2015-16 and as per Trade Organizations Act 2013, the last date for renewal of membership is March 31.The Chamber was said to have already intimated its ...
Call to focus on textile export sector FAISALABAD: Pakistan Textile Exporters Association (PTEA) has demanded the government to give due importance to textile export sector which is earning 60 percent of the total foreign exchange. Expressing concern over 12.9 percent drop in exports during the last month, the PTEA also demanded the government to take immediate remedial measure to arrest the shortfall. Talking to the media here on Wednesday, Sohail Pasha, Chairman and Rizwan Riaz Saigal, Vice Chairman of the PTEA said ...
Pakistan aims for FTA with Indonesia to further boost trade ISLAMABAD: Pakistan is aiming to start negotiations on a free trade agreement (FTA) with Indonesia sometime this year, to expand on the current preferential trade agreement (PTA), which began in 2013.As a result of the PTA, which had been mooted between Pakistan and Indonesia since 2008, bilateral trade rose dramatically from around US$1.1 billion in 2013 to $2.2 billion in 2014.Pakistan's charge d'affaires to Indonesia, Syed Zahid Reza explained that Pakistan was aiming for a ...
Gold import declines 91.63pc in July-February (2014-15) ISLAMABAD: The gold imports during the first eight months of current fiscal year 2014-15 plunged 91.63 percent as against the same period of last year.According to data revealed by Pakistan Bureau of Statistics (PBS), during the period under review, 354 kilogram of yellow metal worth of US $14.476 million was imported as compared to the import of 4,177 kg valuing $172.950 million during July-February 2013-14.The overall imports of metal group, however registered an increase of ...
Pak economy expected to stabilize and gradually recover ISLAMABAD: Pakistan's economy is expected to stabilize and gradually recovery from stagflation where as growth seems to be picking up, driven by services and manufacturing.According to World Bank "Pakistan Country Partnership Strategy 2015-19, in the medium term and under a baseline scenario that mainly assumes compliance with the three-year extended fund facility (EFF), growth is expected to climb gradually.The fiscal deficit (excluding grants) is projected to decline to 4.4 percent of GDP by 2017-18. The ...
SECP wants companies, offering right shares to provide all-encompassing disclosures ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has enhanced the disclosure requirements for companies, offering right shares and as per new disclosure policy, the companies would have to provide detailed and all-encompassing disclosures to their prospective investors.The new robust disclosure requirement has replaced S.R.O. issued on the subject in 1986 aimed at enabling the prospective investors to make well-thought-out and informed decisions, says a statement issued by the Commission hereon Tuesday.The new circular ...


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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln