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CM orders to ensure mills' purchase sugarcane on fixed rate KARACHI: Sindh Chief Minister Syed Qaim Ali Shah on the complaints of growers has taken notice against sugar mills management for not purchasing the sugarcane on fixed rates of Rs 182 per 40 kg.He directed Cane Commissioner to issue show cause notices to the millers in this regard, an official statement said here on Sunday.In his directive, the Chief Minister said that the government has notified minimum sugarcane price at Rs 182 per 40 kg. "Therefore, the sugar mills management are bound to implement the government decision." he said.He directed the Cane Commissioner to issue showcuase notices to those sugar mills who are not paying the notified rates to the growers. Copyright APP (Associated Press of Pakistan), 2015 ...

LCCI hails cut in interest rate by SBP KARACHI: The industry has welcomed the 100 basis points in discount rate announced in Monetary Policy by the State Bank of Pakistan on Saturday. The Chairman Lasbela Chamber of Commerce and Industry (LCCI), Yakoob H Karim has said that after a long time, the Governor State Bank has made a wise decision to reduce interest rate and brought the discount rate down to 8.5 per cent. H said that by virtue of this decision the ...
Rice exports post 3.46pc growth in first two quarters ISLAMABAD: Rice exports from the country during first two quarters of current financial year witnessed 3.46 percent growth as compared to the corresponding period of last year.During the period from July-December, 2014 about 1,781,401 metric tons of rice worth $976.784 million exported as compared to 1,709,883 metric tons valuing $944.077 million exported in same period of last financial year.According the latest figures released by Pakistan Bureau of Statistics (PBS), exports of basmati rice recorded 2.63 ...
Pakistan's mutual fund industry managing funds worth Rs500 billion, Chairman SECP ISLAMABAD: The Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi expressed his satisfaction that the mutual funds industry of Pakistan is showing strong growth and successfully managing the public assets of more than Rs500 billion with a variety of investment vehicles including equity funds, income funds, money market funds, government securities funds.He was talking to a delegation of Mutual Funds Association of Pakistan (MUFAP) led by its Chairman Muhammad Shoaib and Senior Vice ...
Textile policy 2014-2019 envisages Pakistan as a leading value-added textile exporting country: Afridi ISLAMABAD: Minister for Textile Industry Abbas Khan Afridi has said that Textile policy 2014-2019 envisaged Pakistan as a leading value-added textile exporting country.He stated this while chairing a consultative meeting with the textile stakeholders and sought their input on the textile policy draft.The proposals from the planning commission were discussed and incorporated in the textile policy.The minister directed to forward the amended draft to planning commission and expressed his desire to see the policy in ...
SECP tells listed companies not to spend too much on annual reports ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has asked all listed companies not to incur excessive expenses on publication of their annual financial reports, which at times even include full page photographs of company products, directors and management teams.Though the primary purpose of annual financial report as laid down in the applicable financial reporting framework is to help shareholder/ stakeholders evaluate financial performance of a company, yet it has been noticed that the ...
Govt providing best opportunities to traders: Minister SIALKOT: Federal Minister for Commerce Engineer Khurram Dastgir Khan has said that the government was providing best opportunities to the traders, industrialists and exporters for their business. He assured the business community to remove all the flaws and hurdles from the smooth way of trade development in the country by taking the traders community into confidence, enabling country's trade and export sectors to meet the international trade challenges under the prevailing WTO Regime. He stated ...


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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 $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln