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Mon last day for exchanging Rs5 banknote

Source: The News | 30-12-2012

State Bank of Pakistan announced Friday that Monday December 31, 2012 is the last day for exchanging demonetized banknote of Rs.5 denomination from all the field offices of SBP Banking Services Corporation and over 11000 branches of all commercial and microfinance banks operating in the country.

The SBP and its Banking Services Corporation will neither exchange nor be liable to pay any value of demonetized Rs.5 banknote to any person or organization after December 31.

The SBP advised the public to exchange the banknote of Rs.5 from the field offices of SBP BSC and branches of all banks till the close of banking hours by that day.

Slump continues as cement export drops to 0.58m tons

Source: The Nation | 07-01-2013

The slump in cement exports continued as exports in Dec 2012 have declined by 10.55 per cent to 0.58 million tons, however the local cement consumption has surpassed 2.24 million tons, up by around 11 per cent, the highest-ever local usage in the country. Revealing the performance of the cement sector in the first half of the financial year 20..... Read more

Oil prices up

Source: Dunya News | 26-12-2013

Crude edged higher in Asian trade Thursday on supply concerns following escalating violence in oil-producer South Sudan, but gains were capped as dealers sat on the sidelines awaiting fresh leads after the festive season. New York's main contract, West Texas Intermediate for February delivery, was up 13 cents at $99.35 in afternoon trade while Brent Nor..... Read more

Calculation of economic statistics: Pakistan Bureau of Statistics okays change in base year

Source: Tribune | 30-04-2013

A new rebasing exercise has been carried out by the Pakistan Bureau of Statistics (PBS), aimed at shifting the base (reference) year for calculation of economic statistics from fiscal 2000 to fiscal 2006. The share of services and agriculture in the overall size of the economy has resultantly increased, while the industrial sector has significantly she..... Read more

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