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Today, the 4th February 2012 marks a very significant day being the 64th Anniversary of Sri Lanka's Independence from colonial rule. I would on this occasion extend to the government and people of Pakistan, greetings and best wishes of H.E. the President, Mahinda Rajapaksa, the government and the people of Sri Lanka.

We are celebrating our 64th Independence day at a time when Sri Lanka has entered into a new era. Under the dynamic leadership of His Excellency Mahinda Rajapaksa, the President of the Democratic Socialist Republic of Sri Lanka, we were able to defeat the prolonged menace of terrorism, which halted the progress of the country for more than two decades.
Pakistan is the second largest trading partner of Sri Lanka in the SAARC region. A substantial growth in bilateral trade is seen in both exports and imports, especially after Pakistan-Sri Lanka Free Trade Agreement (PSFTA) was implemented in 2005. The value of total trade between the two countries, has increased from US $158 Mn in 2005 to US $350 Mn in 2010. The balance of trade has been in favour of Pakistan.
It gives me great pleasure to give my heartiest congratulations to the people of Sri Lanka on their National day. This supplement has come at a time when the two countries are striving to progress rapidly in friendship, trade and bilateral relationship.
Sri Lankan nationalism is very much on the upswing now; with the nation gaining ground that 'terrorism' has been defeated. It is rising as one nation. Thus arise, the necessity for a National Day in Sri Lanka. On behalf of Pakistan Sri Lanka Friendship Association I would like to extend my hearty felicitation to the people and Government of Sri Lanka led by Their Excellencies.
What is the background of the establishment of PSBFf? The establishment of PSBF in 2008 was based on the primary objective to improve trade with Sri Lanka. Since, Sri Lanka is our brotherly country; we wish to further strengthen this relationship by giving each other a better opportunity for mutual benefit.
Sri Lanka, though relatively small in size, is the world's forth largest tea producer. Its' annual tea production is approx. 320 million kgs, which accounts for 9% of the world tea production. Sri Lanka exports most of its tea, making it the world's second largest exporter of tea. The annual tea export volume of Sri Lanka is over 315 million kgs. It has a share of 18 % in the global tea exports market.
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brindex
9098.8   Arrow 29.37
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Banking Review 2011


The Wall

ArrowEuro 1.3158
ArrowSterling 1.5815
ArrowSwiss Franc 0.9182
ArrowYen 76.6015
ArrowGold 1740.300
ArrowCotton 96.340
ArrowOil 97.840
Index Closing Chg%
Arrow DJIA 12,862.20 1.23
Arrow Nasdaq 2,905.66 1.61
Arrow S&P 1,344.90 1.46
Arrow FTSE 5,901.07 1.81
Arrow DAX 6,766.67 1.67
Arrow CAC-40 3,427.92 1.52
Arrow Nikkei 8,831.93 0.51
Arrow H.Seng 20,757.00 0.08
Arrow Sensex 17,605.00 0.99

The Rupee

Interbank closing rates for dollar on Friday.
BuyingRs 90.40
SellingRs 90.45
All-round decline

Annual2010/11
Foreign Debt $59.53bn
Per Cap Income $1254
GDP Growth 2.4%
Average CPI 14.10%
MonthlyDecember
Trade Balance $-2.41 bln
Exports $1.85 bln
Imports $1.26 bln
WeeklyJanuary 26, 2012
Reserves $16.802 bln
ArrowBRIndex-30 9,104.17
ArrowKSE-30 Index 11,258.08
ArrowKSE-100 Index 11,982.62
ArrowLSE-25 Index 3,122.96
ArrowISE-10 Index 2,627.71
ArrowGold Per 10gm 50,914.00
ArrowKCA Spot Rate 5,700.00
ArrowLibor Rate 0.76850

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