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Wheat exporters desire clear export policy KARACHI: A market of 500,000 to 600,000 metric tons of wheat exists in Madagascar, Sudan and Yemen.This was stated by a delegation of the exporters of the commodity in a meeting with the Sindh Food Minister, Manzoor Hussain Wassan, here on Tuesday.The members of the delegation were of the view that if the government frame a clear policy then the surplus wheat can be exported to these countries, says an official statement.The Minister informed the delegation that the provincial government wants to come up with a far-reaching and smooth policy for the export of surplus wheat and its by-products for spurring economy.He was of the view that the government also desires that the growers get the maximum benefit of the product.Wassan also pointed out that an effective policy is being framed for the procurement of the wheat directly from the growers at the tehsil level.He said that there are complaints ...

Businessmen asked to focus on Indonesia, ASEAN for exports ISLAMABAD: Indonesia and Association of Southeast Asian Nations (ASEAN) countries are huge markets with great potential for Pakistani products and businessmen should focus on these countries to promote trade and exports, observed Muhammad Aqil Nadeem, Pakistan Ambassador-designate to Indonesia while addressing business community at Islamabad Chamber of Commerce and Industry.He said Indonesia was the largest Muslim country and provided easy access to Pakistan to over $2 trillion ASEAN market.He said Pakistan could export many products ...
Weekly inflation down by 0.21pc ISLAMABAD: The weekly inflation for the week ended on July 9 for the lowest income group up to Rs 8,000 witnessed decrease of 0.21 percent as compared to the previous week.The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 212.12 points against 212.54 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with base 2007-2008=100, ...
Edible oil import bill reaches $ 1.377bn in last nine months ISLAMABAD: The edible oil import bill during first three quarters of last fiscal year has reached US $ 1.377 billion with 1.789 million tonnes quantity, registering 4.07 percent increase.Local production of edible oil during 2014-15 (July-March) was estimated at 0.546 million tonnes.Official figures of Pakistan Bureau of Statistics on Monday revealed that total availability of edible oil from all sources is provisionally estimated at 2.335 million tonnes during 2014-15 (July-March).The edible oil import bill during ...
Weekly inflation up by 0.23pc ISLAMABAD: The weekly inflation for the week ended on July 02 for the lowest income group up to Rs 8,000 witnessed increase of 0.23 percent as compared to the previous week.The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 206.08 points against 205.6 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with base 2007-2008=100, ...
Sugar export fetches US $ 171.78mn in nine months ISLAMABAD: The sugar export to different countries has fetched foreign exchange of US$ 171.78 million during first three quarters of previous fiscal year.The cropped area for sugarcane stood at 1141 thousand hectares during 2014-15 against last year's area of 1173 thousand hectares.Official sources on Wednesday said sugarcane is an important cash crop of Pakistan and is mainly cultivated for sugar and sugar- related production along with an input for paper and board industry.Sugarcane accounts for ...
Inflation at lowest rate in 12 years ISLAMABAD: Consumer Price Index (CPI) based inflation rate during the year 2014-15 witnessed an increase of 4.53 percent as compared to same period of last year which is the lowest in 12 years.On year-on-year basis, the CPI inflation increased by 3.16 percent in June, 2015 as compared to same month of last year.Similarly on month on month basis the CPI based inflation increased by 0.62 percent in June as against May, 2015, Asif Bajwa, Chief ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln