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Business community is pleased, appreciated new monetary policy  ISLAMABAD: The business community has appreciated and pleased with the new monetary policy 2012 as announced by State Bank of Pakistan (SBP). Talking to a private news channel, Chairman Lahore Chamber of Commerce and Industries Irfan Qaiser Sheikh said that Pakistani industry will get revival after SBP's announcement regarding new interest rate as industrial sector is in standstill since long due to high interest rate in the country and business community was demanding of the government to decrease mark up rate keeping in view national and international economy. "There will be now betterment in industrial growth. International and local investors will now invest in the country and new jobs will be created which ultimately cast good impact on the national economy", he added. Chairman A K D group Aqeel Karim said that new SBP's step will help increase the industrial growth and new investments in the country. "It is a good step of the ...

LCCI criticises amendment to SRO 647  RECORDER REPORT LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) on Friday severely criticised the amendment in SRO 647 (i)/2007 made through SRO 564 (i)/2012 and demanded of the Federal Board of Revenue to withdraw the amendment immediately. LCCI President Irfan Qaiser Sheikh was talking to a four-member businessmen delegation led by Anjum Mehmood Butt and comprised Zafir Malik, Mohammad Javaid and Amir Iftikhar. He said the amendment would create further financial burden and liquidity problem for ...
Aptma welcomes cut in discount rate  RECORDER REPORT LAHORE: Chairman All Pakistan Textile Mills Association (Aptma) Mohsin Aziz has welcomed cut in discount rate by 150 bps by the State Bank of Pakistan (SBP) and termed it a good omen for investment and growth in the country. He said it is a positive move towards the right direction and needed to be continued further until the lending rate drops down to single digit. Mohsin said that the lending rate has practically come down ...
Dr Baig welcomes cut in discount rate  RECORDER REPORT LAHORE: Dr Mirza Ikhtiar Baig, Chairman, FPCCI Standing Committee on Exports, has welcomed cut in discount rate by 1.5 percent to 10.5 percent and said that it would revive industrial activities in Pakistan. Reacting to the SBP’s latest monetary policy, Dr Baig said the private sector credit uplifting would pickup pace with this single move of the SBP Also, he said, it would increase the investment to the GDP ratio in the country. According to him, present ...
Cut in policy rate first step towards industrial revival: Gohar  RECORDER REPORT LAHORE: All Pakistan Textile Mills Association (APTMA) Group Leader Gohar Ejaz has said that 1.5 percent decrease in policy rate to 10.5 percent is the first step towards reviving industry in Pakistan. It had further to be brought down to 7.5 percent for new industrial activity and stimulus growth to generate employment in economy, he said this while reacting to the 1.5 percent cut in discount rate by the State Bank of Pakistan on Friday. Gohar ...


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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