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Pakistan among economies implementing regulatory reforms for doing business ISLAMABAD: Pakistan is among the four out of eight economies in South Asia which implemented at least one regulatory reform, making it easier for local entrepreneurs to do business in 2013-14, according to a new World Bank Group report.According to the World Bank report Doing Business 2015: Going Beyond Efficiency, three countries-Bangladesh, Nepal, and Pakistan-focused their efforts on adopting modern electronic systems to facilitate business activity.Bangladesh and Pakistan made trading across borders easier by implementing computerized systems that allow web-based submission of documents, reducing the time to export and import.The report finds that since 2005, all economies in the region have taken steps to improve the business environment in areas measured by the report.India implemented the region's largest number of regulatory reforms in that period, with 20, followed by Sri Lanka with 16."Doing business is easier in economies with administrative efficiency and strong regulatory protections," said Rita Ramalho, Doing Business ...


Nisar assures inquiry into baton charge on ODGCL employees ISLAMABAD: Reiterating the government's resolve to protect rights of labour class in the country, Interior Minister Chaudhry Nisar Ali Khan on Thursday assured National Assembly to hold inquiry into the incident of baton charging the workers of Oil and Gas Development Corporation Limited. Replying to points of order by Leader of the Opposition, Syed Khursheed Shah and MNAs Jamshed Dasti and Rasheed Godal, the minister said, protest was just right of the OGDCL workers and ...

Engro Corporation announces 3rd Quarter results ISLAMABAD: Engro Corporation on Thursday announced its 3rd Quarter results where strong performance of its fertilizer businesses were kept in check by a challenging business environment in its rice, polymer and food businesses.On a consolidated basis, Engro Corporation recorded a 14pc increase in revenue from Rs. 107,764 million during the first three quarters of 2013 to Rs. 122,397 million for the current reporting period.The increase in revenues was mainly driven by higher fertilizer sales at ...

Rs15mn allocated to provide legal assistance to women languishing in jails: Pervaiz Rashid ISLAMABAD: Minister for Law and Justice Pervaiz Rashid Thursday informed the National Assembly that around Rs. 15 million has been allocated to extend financial and legal assistance to the women languishing in jails on account of different allegations. Replying to various questions during Question Hour, the minister said, a summary has been moved to Prime Minister House in this regard and efforts would be made to get it approved as soon as possible. He said ...

President stresses unified approach towards national goals ISLAMABAD: President Mamnoon Hussain on Thursday stressed adopting continuity and a unified approach in pursuit of national goals and priorities to put the country on path of sustainable development.Addressing the participants of 101st National Management Course here at the Aiwan-e-Sadr, the President called for the effective measures to improve service delivery and work for public interests to catalyze socio-economic development.The President said the civil servants should act in unison and with dedication in achieving the ...

SC ruling over 2013 elections hailed KARACHI: The Supreme Court of Pakistan's judgement rejecting a set of petitions seeking annulment of 2013 general elections over alleged rigging, has been widely welcomed.Talking to the APP, Pakistan Bar Council Member Justice (retd) Rana Shamim hailed the apex court's ruling. He said that a separate forum is present for dealing with election disputes.He said that the petitions are being filed long after the elections, while there is a set time-frame to challenge any poll ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln