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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 that textile exports also witnessed 2.91 percent decline in February 2015 over the same month of the previous fiscal year and 9.96 percent drop over previous month. Giving details, they said that country exported textile goods worth USD 1.087 billion in February as against exports of USD 1.119 billion in same month of previous year and USD 1.207 billion in previous month of January showing a hectic decline of 2.91% and 9.96%, respectively. They 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 ...
Pakistan's economy showing signs of recovery: ADB ISLAMABAD: Pakistan's economy is showing signs of recovery underpinned by falling global oil prices and the expected uptick in regional economic growth.A report of Asian Development Bank (ADB) "the Asian Development Outlook (ADO) 2015, ADB's flagship annual economic publication here Tuesday forecasts that Pakistan's economic growth in 2015 would modestly improve to 4.2 percent and to 4.5 percent in 2016, subject to steady progress in macroeconomic and structural reforms, and stable security, political, and weather ...
FPCCI to welcome investment from Qatar in energy sector: Jamali KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) would welcome investment by Qatar in its ongoing and new energy and infrastructure projects.FPCCI Vice President Fehmida Jamali talking to a delegation of Pak- Qatar Business Council here, hoped that Qatar would also support early conclusion of Free Trade Agreement (FTA) between Pakistan and Gulf Cooperation Council (GCC).She said it's high time that Pakistan businessmen should initiate joint ventures (JVs) with Qatar counterparts as abundant ...


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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 $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln