Tag Archives: Pakistans

Pakistan’s current account deficit dwindles to $545m

Pakistan’s current account deficit dwindles to $545m

KARACHI: Pakistan’s current account deficit for July-September diminished to a provisional $545 million, in comparison to $587 million in the same period last year, the Central Bank disclosed on Tuesday.
According to the State Bank of Pakistan, the current account refreshingly stood at a provisional surplus of $447 million in September, compared to a deficit of $372 million in August.
“The two primal reasons for surplus in September are an increase in private current

Pakistan’s sweet tooth continues to hurt

ISLAMABAD: Consumers will have to brace for another year of inflation in sugar prices, as the latest official estimates project a shortfall of 1.3 million tons in the domestic sugar output during the current season of 2010-11.
The decline in this year’s sugarcane production is expected to raise prices on the domestic market. If no timely measures are adopted, then the price of sugar is expected to exceed Rs 75 per kilogram during the crushing season, official sources indicated.

Economic uplift imperative to Pakistan’s well-being: LCCI President

On a solemn note, the newly elected President of Lahore Chamber of Commerce and Industry (LCCI), Shahzad Ali Malik, voiced his fears that the economy and the nation as a whole are passing through a particularly difficult stage in the troubled history of Pakistan. Prudent policy decision and implementation on part of the government and the active participation of the private sector were essentially intrinsic to any sustainable solution to Pakistan’s tribulations.