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Eid-ul-Azha provides good business opportunity to blacksmiths ISLAMABAD: With only a week left to Eidul Azha, blacksmiths and knife sharpeners are having busy days in the federal capital.The blacksmiths are attracting a number of customers due to sell knives and sharp-edged instruments. Special machines have been installed at various shops to sharpen knives, beef cutters and meat cleavers along with selling Bar-B-Q instruments. For the blacksmiths Eid-u-Azha is a time of lucrative earnings as sale of their hand-made knives and choppers has soared while there is also a rush for sharpening the old ones."These are the exceptional days for us as we do sufficient business, much more than the other days throughout the year," said Muhammad Rashid a blacksmith at Aabpara market.Sharing his experience, he said mostly people buy a set consists of one big knife to slaughter animal, one small to take off skin and a chopper to cut the meat into pieces, costing Rs. 700 ...

Fodder prices surged by 100pc LAHORE: Fodder sellers are fleecing customers in the provincial capital as nine days to go on for Eidul Azha.The fodder sellers whether they are at cattle markets or roadside and streets are making roaring business with impunity as there is no check on the price mechanism.Rate of Chokar (bran) has shot up to Rs 25 per kg against Rs 15 last year. Gram husk price has touched Rs 310 per 40 kg this year.Khal (cotton ...
75,871 tax returns selected for audit through random ballots ISLAMABAD: In line with the audit policy for tax year 2015, random computer ballots were held here Monday to select cases for audit for Tax Year 2014 and Tax Period from July 1, 2013 to June 30, 2014, in respect of Income Tax, Sales Tax and FED.The balloting was held here at FBR House. Federal Minister for Finance Senator Muhammad Ishaq Dar chaired the ceremony. Special Assistant to Prime Minister on Revenue, Haroon Akhtar was ...
Need of joint ventures between Pak-Chinese businessmen stressed LAHORE: Mutual cooperation and joint ventures between Pakistani and Chinese businessmen in agriculture, livestock, infrastructure, energy, automobile and other sectors would further cement the friendly relations of the two countries.LCCI President Ijaz A. Mumtaz said this while addressing the two different delegations of Yantai Chamber of Commerce & Industry and a Chinese company Shandong YABAITE Technology Co. Ltd. here on Thursday.Delegation of Yantai CCI was represented by Mr. Zhao Qingwei while other by Mr. Yong ...
Cottage City need of hour: LCCI LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) on Monday urged the government to expedite efforts for establishment of Cottage City on the pattern of industrial estates.In a meeting related to Cottage Industry at LCCI, the LCCI Vice President Syed Mahmood Ghaznavi said, "Establishment of Cottage City is need of the hour".He said the government can overcome poverty and unemployment as well as resolve other economic challenges by focusing simply the cottage industry. He ...
Pakistan can play leading role in galvanizing ECO ISLAMABAD: The Economic Cooperation Organization (ECO) member states should ensure regional integration through preferential tariffs, establish efficient common institutions and finalise an effective transport strategy.The ECO members are reluctant to introduce meaningful tariff cuts and agree on the function of common institutions resulting in disappointing outcome as compared to the other regional blocks like the EU, ASEAN and GCC that are preferring trade over politics, said Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt.The ...
OEC sends over 1000 workers to South Korea in an year ISLAMABAD: Overseas Employment Corporation (OEC) has sent around 1000 workers to South Korea in an year and the process is still continuing.According to official sources, Pakistani workers in South Korea are earning a handsome salary per month.He said that Pakistan has also asked the Human Resource Development Department of South Korea to give an opportunity to our labour in the sector like fisheries, agriculture and construction.Health Ministry of Saudi Arabia recently selected 126 medical doctors ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln