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Exchanges rates on 04 Jul 2008
	1 EUR = 110.783	PKR
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	NEWS TAPE

30 Jun 2008 23:38

ICCI for enhancing trade with Argentina : Describing Pakistan as an attractive destination for foreign investment, President Islamabad Chamber of Commerce and Industry (ICCI) Ijaz has stressed upon investors of Argentina to take advantage of this ...

High level Pak trade delegation leaves for Colombo : A high level Pak trade delegation led by President SAARC Chamber of Commerce and Industry,Tariq Sayeed left for Colombo Wednesday to participate in chambers competition to be held on June 27. ...
30 Jun 2008 23:32

Pak foreign reserves figure $ 11, 285.9 mln : Pakistan’s total liquid foreign reserves stand at 11,285.9 million dollars, says State Bank of Pakistan’s statement here on Thursday. On June 21 , 2008 , the foreign reserves held by State Bank amounted 8,655.6 million dollars , whereas net foreign reserves held by banks other than SBP figure 2,630.3 million dollars. ...
30 Jun 2008 23:30

SBP, NBP, Income Tax offices timings extended to facilitate tax-payers : In order to facilitate the taxpayers to pay their due taxes, all authorized branches of State Bank of Pakistan and National Bank of Pakistan will remain open till 6.00 p.m. on June ...
30 Jun 2008 23:24

30 Jun 2008 23:14

Manufacturing sector records weakest growth in a decade : Pakistan’s manufacturing sector recorded the weakest growth in a decade during the outgoing fiscal year 2007-08 due to several unfavourable conditions. Overall manufacturing posted a growth of 5.4 percent during the first ...

Foreign capital must for economic survival of SAARC countries : In the era of globalization the economic survival of developing countries, especially of the SAARC nations, depends on their ability to compete, create attraction for foreign capital, ...
30 Jun 2008 23:10

30 Jun 2008 23:02

Meezan gets A+ ranking : Credit rating company JCR-VIS has reaffirmed the medium to long-term entity rating of Meezan Bank Limited (MBL) at A+ (Single A Plus) with a ‘stable’ outlook. Short-term rating has also been reaffirmed at A-1+ (A One Plus). ...

Peshawar business city to be setup in Kacha Garhi : A representative delegation comprising office bearers of the Federation of Pakistan Chamber of Commerce and Industry called on the NWFP Governor Owais Ahmed Ghani here on Monday and exchanged views ...
25 Jun 2008 13:55

25 Jun 2008 13:32

Dubai business group to set up cement plant in Pakistan : Dubai Giladari Cement plans to invest around 3 billion rupees to establish a cement plant in the country with the capacity of producing 3300 metric tones per day. Chief Executive, Giladari Cement, Badruddin Fakhri told Geo News that modern french machinery will be installed in the plant which will be named Giladari Cement. ...

TCP awards contract for 140,000 MT wheat : Trading Corporation of Pakistan (TCP) has awarded contracts for supply of 140,000 metric tons of wheat to two lowest bidders at a rate of $ 399.45 per ton. According to TCP here Wednesday, they are M/s Exim International BV Netherlands for 100,000 MT and M/s Agrocorp International for 40,000 MT. ...
20 Jun 2008 12:02

20 Jun 2008 12:00

The Indus Entrepreneurs (TiE) to launch its Islamabad Chapter : The Indus Entrepreneur (TiE), the world’s largest non profit organization committed to budding entrepreneurs around the globe, is all set to launch its Islamabad chapter at a ceremony in ...

Pakistan May Boost Subsidies as Deficit Exceeds Limit (Update1) : Pakistan's first civilian government since a 1999 army coup may expand food and power subsidies as the fastest inflation in at least 25 years erodes growth. Increased government spending on populist measures may blow out the budget deficit to as much as 7.5 percent of gross domestic product, the widest in Asia, said Zainab Jabbar, an analyst ...
10 Jun 2008 12:18

Selling pressure continues at KSE : Selling pressure persisted at Karachi Stock Exchange (KSE) on Thursday as 100-Index shed 19.93 points to close at 12,236.05, a dealer said. Turnover volume was low at 192.201 million shares as prices of 205 scrips sustained losses while 105 recorded gains and 24 remained unchanged. ...
30 May 2008 19:58

30 May 2008 19:39

Government should allow traders community to close shops on Friday or Sunday:Abbasi : Shopkeepers should be allowed to close shops on Friday or Sunday, because influx of customers varies due to location of markets at various places, said Muhammad Ijaz ...

Pak, Nepal bilateral trade needs improvement : Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Nepal Embassy have agreed on taking new initiatives to promote bilateral trade and exploit the trade potential of both countries. ...
30 May 2008 19:33

Standing Committee on Industries, Production to meet on Saturday : Senate Standing Committee on Industries, Production and Special Initiatives, headed by Senator, Anisa Zeb Tahirkheli will hold its meeting on Saturday, May 31 in Karachi. The meeting, scheduled to be held at Karachi Chambers of Commerce and Industry, will review potentials and the problems faced in the growth of industries in Karachi with special ...
30 May 2008 19:29

29 May 2008 18:25

Market dips on panic selling : Panic selling depressed prices of leading scrips at Karachi Stock Exchange (KSE) as 100-Index plunged by 567.28 points to close at 12,254.98, a dealer said. Turnover volume was also low at 187.807 million shares as prices of 293 scrips sustained losses while 57 recorded gains and 9 remained unchanged. ...

Training programme for Pakistani industries on May 31 : The National Productivity Organization (NPO), Ministry of Industries and Production (MoI&P) will hold a one-day training programme on “Future Challenges for Pakistani Industries” at Rawalpindi ...
29 May 2008 18:19

15 May 2008 13:55

Pakistan offers good trade, investment opportunities for UK Investors : Pakistan offered good trade and investment opportunities and conducive business environment for British investors. This was stated by Muhammad Ijaz Abbasi, President of Islamabad Chamber of Commerce and Industry in a meeting here with the British delegation led by Peter Courtney, Senior Country ...

TCP floats tender for sugar purchase : Trading Corporation of Pakistan (TCP) has floated another tender for the purchase of 50,000 metric ton of refined sugar from local mills. A TCP official said here Thursday that the tender will be opened on May 28, 2008. ...
15 May 2008 13:52

15 May 2008 13:48

Enormous investment opportunities exist in housing sector : Currently there was a shortfall of 7.90 million housing units in the country and it is considered to be the right time to capitalize this opportunity. This was stated by Executive Director General (EDG) Investment Division and Board of Investment (ID&BOI), Maj. ® Iqbal Ahmad here Wednesday while talking to a high level Malaysian business ...

Oil price near record highs : World oil traded only a little below 122 dollars per barrel Wednesday after concerns over supply in key producer Nigeria helped push prices to record highs in frenzied trading, dealers said. New York’s main oil futures contract, light sweet crude for June delivery, was 21 cents lower at 121.63 dollars in afternoon Asian trade, Geo reported. ...
07 May 2008 13:20

30 Apr 2008 14:18

Market mechanism determines Pak rupee value: Dar : Minister for Finance Ishaq Dar on Tuesday said that market mechanism determines the value of Pakistani rupee and small adjustment in its value should not be a source of concern. Speaking on a Calling Attention Notice in the Senate on de-valuation of rupee against dollar, he said State Bank of Pakistan, which is an autonomous body is overseeing the money market. ...

FPCCI expresses concern over increase in electricity charges : Tanvir A. Sheikh, president Federation Pakistan Chambers of Commerce and Industry (FPCCI) casted serious concern over the 15 percent increase in electricity charges by KESC. President FPCCI mentioned that the increase in electricity charges would ultimate escalate the cost of production of the industrial sector. This decision would have a bad impact on the ...
30 Apr 2008 14:02

29 Apr 2008 12:57

Pak delegation leaves for 4th World Islamic Economic Forum : Two high profile Pak delegations from corporate sector left for Kuwait to attend a 3-day, 4th World Islamic Economic Forum being held in Kuwait from tomorrow (April 29). Emir Kuwait,Sheikh Sabah Al Ahmad Al-Jaber Al-Sabah will chair the forum. ...

ISE-10 index witnesses bullish trend with 23.18 points : Islamabad Stock Exchange witnessed bullish trends here on Monday, as the ISE-10 index was up by 23.18 points to close at 3303,02 in today’s trading. A total of 1,446,100 shares were traded, which were increased by 98,300 shares when compared with previous day’s trading of 1,544,400. ...
29 Apr 2008 12:52

New Trade policy to be accommodative, help boost exports:Khaqan Abbasi : Minister for Commerce, Shahid Khaqan Abbasi said on Monday that the forthcoming trade policy would be formulated in consultation with all stakeholders to make it more accommodative ...
29 Apr 2008 12:49

23 Apr 2008 12:23

Pakistani exports soar by 21.26 per cent : Exports from Pakistan during March, 2008 amounted to Rs.112,097 million as against Rs.97,368 million in February, 2008 and Rs.92,442 million during March, 2007 showing an increase of 15.13 per cent and 21.26 ...

New product launched for diesel engine consumers automobiles : A new product has been introduced for the diesel engine consumers’ automobiles in the country. This was announced by one of the world’s leading lubricants marketers Castrol in a ...
23 Apr 2008 12:02

11 Apr 2008 13:12

Naveed Qamar visits Board of Investment : The Minister for Privatization and Investment Syed Naveed Qamar on Thursday visited Investment Division and Board of Investment (ID&BOI). According to a press release issued here, the Minister was given a detailed presentation by senior officials of ID&BOI during his visit. The agenda of the meeting was to have an insight of the facilitation ...

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30 Jun 2008

ICCI for enhancing trade with Argentina

High level Pak trade delegation leaves for Colombo
30 Jun 2008

SBP, NBP, Income Tax offices timings extended to facilitate tax-payers
30 Jun 2008

Pak foreign reserves figure $ 11, 285.9 mln
30 Jun 2008

30 Jun 2008

Manufacturing sector records weakest growth in a decade

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