08262016Fri
Last update: Fri, 26 Aug 2016 10pm

Business & Economy

Pakistan - Business & Economy

Jewellery exports up by 29pc in FY16 ISLAMABAD: The Jewellery exports from the country increased by 28.78 percent during the fiscal year 2015-16 compared to the corresponding period of last year.The overall exports of jewellery from the country during July- June (2015-16) were recorded at $8.492 million compared to the exports of $6.594 million in July-June (2014-15), according to Pakistan Bureau of Statistics (PBS).Meanwhile, on year-on-year basis, the jewellery exports increased by $183.55 million in June 2016 compared to the exports of June 2015.The Jewellery exports during June 2016 were recorded at $1.310 million in June 2016 compared to the exports of $0.462 million in June 2015.On month-on-month basis, the exports of jewellery increased by 18.23 percent in June 2016 when compared to the exports of $1.108 million in May 2016, the PBS data revealed.Meanwhile, the gem exports from the country declined by 49.72 percent during the fiscal year 2015-16 by going down from $7.846 million last ...

Pakistan - Business & Economy

Headline inflation measured by CPI contained at 2.86pc in FY 2016 ISLAMABAD: The National Price Monitoring Committee was informed here on Wednesday that the headline inflation measured by Consumers Price Index (CPI) has been contained at 2.86% in FY 2016 as compared to 8.62% in FY 2014 and 4.53% in FY 2015.The National Price Monitoring Committee met here at Finance Division under the Chairmanship of Senator Muhammad Ishaq Dar Federal Minister for Finance, Revenue, Economic Affairs, Statistics, and Privatization.The meeting was attended by the representatives from ...

Pakistan - Business & Economy

Jewellery exports up 41pc in July ISLAMABAD: The exports of jewellery from the country witnessed increase of 40.97 percent during the first month of the current fiscal year compared to the same month of last year.According to the latest data of Pakistan Bureau of Statistics (PBS), jewellery worth $0.640 million was exported during July (2016-17) compared to the exports of $0.454 million in July (2015- 16).However, as compared to the exports of $1.310 million recorded in June 2016, the exports of ...

Pakistan - Business & Economy

Mobile phone imports register decline in July ISLAMABAD: Mobile phone imports in Pakistan have registered decline of over 29 percent in first month of current fiscal year 2016-17.Total imports of mobile phone stood at $ 46,201 in month of July 2016 against $ 65,974 in the previous month of June 2016. However, it increased by 1.84 percent as compared to $ 45,368 during same period of previous year i.e. July 2015.According to the Pakistan Bureau of Statistics (PBS), overall telecom imports saw ...

Pakistan - Business & Economy

Industrial output grows 3.21pc in FY16 ISLAMABAD: The country's large scale manufacturing (LSM) sector has witnessed growth of 3.21 percent during the fiscal year 2015-16 as compared to the corresponding period of last year.The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 132 points during July June (2015 16) against 127.89 points during same period of last year, according the data of Pakistan Bureau of Statistics (PBS).The highest growth of 1.96 percent was witnessed in the indices ...

Pakistan - Business & Economy

SECP approves principles of corporate governance for non-listed companies ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved Principles of Corporate governance for Non-listed Companies (NLCs) to make business environment trustworthy, Transparent and accountable.The principles would change the governance paradigm for NLCs by enabling the corporate sector to adopt the best international practices, said a statement issued here on Tuesday.They are voluntary guidelines that would set out the corporate governance landscape for over 60,000 NLCs operating in Pakistan by providing a governance ...

Pakistan - Business & Economy

CPEC's early harvest projects to complete by 2017-18 ISLAMABAD: The early harvest projects under China-Pakistan Economic Corridor (CPEC) are moving forward swiftly and first batch of projects including energy and infrastructure will be completed by 2017-18.With the completion of the energy projects in early harvest projects, 10,000 MW would be added in national grid by 2018, official sources in the ministry of planning, development and reforms said.In total, around 17,045 megawatts of energy would be generated through early harvest prioritized as well as ...