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KCCI president calls for incentives to plastic industry KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra, has urged the government to extend maximum facilities and incentives for manufacturing machinery and equipment for plastic industry to give a boost to this high potential sector.Talking to APP here, Iftikhar Ahmed Vohra, who belongs to plastic sector, informed that the machinery and equipment are being purchased from Italy, China and Iran at very high prices that badly discourages the growth of the important economic sector. He also demanded for availability of plastic raw materials at lower prices, especially after a big reduction in petroleum prices in the international market.At present, he said, the plastic industry in the country is in a serious crisis, and it deserves a special support from the government.He called for effective steps to check smuggling of plastic goods from Iran that have created serious problems for the local plastic industry. On ...

FPCCI prepares for global change of women empowerment: Chairperson FPCCI body KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPPCI) , responding to global shift to women empowerment and their active participation, has planned to soon set up a modern display centre for promotion of women entrepreneures especially from the rural areas of the country.There is a big women potential which simply needs due projection and support from the government, private sector and the society in general, said Rizwana Shahid.In an interview with APP here, ...
Weekly inflation eases 0.48pc ISLAMABAD: The weekly inflation for the week ended on August 13 for the combined income group witnessed decrease of 0.48 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 214.46 points against 215.49 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).Similarly, as compared to the corresponding week of last year, the SPI for the ...
TDAP chief to visit Mardan Women Chamber on Friday ISLAMABAD: Chief Executive, Trade Development Authority of Pakistan (TDAP) S.M. Munir would visit Women Chamber of Commerce and Industry Mardan on August 14 (Friday) to highlight the efforts of the government for promotion of trade."I am visiting all important chambers of commerce and industry across the country on the special directive of Prime Minister Muhammad Nawaz Sharif to take all stakeholders into confidence for further improvement in trade development in line with the international standard," ...
Pakistani importers seek 66,000 T soybeans from US or Brazil HAMBURG: Pakistani importers are negotiating over the purchase of about 66,000 tonnes of soybeans to be sourced from the United States or Brazil, European traders said on Wednesday.The soybeans were being sought for shipment between Nov. 15 and Dec. 15, they said.Pakistan has been a heavy buyer of soybeans this year as import duties and local sales taxes have made soybean imports for local crushing more attractive than soymeal imports, one trader said."Pakistan has already ...
United Business Group kicks off its campaign for federation and regional chambers elections ISLAMABAD: The United Business Group (UBG) led by its patron in chief S.M Muneer and Chairman Inftikhar Malik have started campaign for the elections of federation and regional chambers across the country.In this connection, as part of the drive in first phase, the UBG delegation visited regional chambers of Lahore, Okara, Sahiwal, Veahari, Khaniwal, Multan and Faisalabad and discussed matters relating to the elections with special reference to the nominations of the candidates for Federation ...
16 member Vietnamese trade delegation to visit KCCI; Vietnam eyes on Pak big market KARACHI: Vietnam's Ambassador to Pakistan, Nguyen Xuan Luu, during his visit to Karachi Chamber on Monday, said many Vietnamese company were interested to do trade and investment in different sectors in Pakistan; with focus on Karachi." Karachi is a very important city and has a huge economic potential. Certainly, it is an economic hub of Pakistan," he commented while talking to President, Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Vohra, KCCI Senior Vice ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln