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Rates of exchange 07 Nov 2009

	1 EUR = 124.457	PKR
	1 USD = 83.556	PKR
	1 GBP = 138.778	PKR
	1 JPY = 0.923	PKR

Currency converter

	NEWS TAPE

Pakistan Minister: Confident Of Getting $1.2 Billion IMF Loan : Pakistan is confident of getting a$1.2 billion loan as the next tranche of International Monetary Fund's financial support to the country, Finance Minister Shaukat Tarin said Friday. ...
06 Nov 2009 17:32

Pakistan's forex reserves ease to $14.23 bln : Pakistan's foreign exchange reserves fell to $14.23 billion in the week that ended on Oct. 31 from $14.43 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan were $10.64 billion, down from $10.86 billion a week earlier, while those held by commercial banks rose marginally to $3.59 billion from $3.57 billion the ...
05 Nov 2009 17:25

04 Nov 2009 16:44

Cabinet Approves Weekly Two offs for Industries : Cabinet Approves Weekly Two offs for Industries, The federal cabinet approved Wednesday weekly two holidays for the industrial sector and gas load management plan for 2009-10 in its meeting that held ...

Pak-Indonesia to sign PTA next year: Sanaullah : Islamabad—Pakistan and Indonesia would sign Preferential Trade Agreement (PTA) early next year to boost economic activities and exploit trade potential between the two countries. “Both the countries ...
03 Nov 2009 17:19

Pakistan’s National Bank Net Declines on Provisions : National Bank of Pakistan, the nation’s biggest lender by assets, said third-quarter profit declined 18 percent after it set aside additional funds to cover bad debts and received lower dividend ...
02 Nov 2009 16:49

Pak-Somalia agree to establish Joint Economic Commission : Pakistan and Somalia agreed to establish a Joint Economic Commission (JEC) in order to provide institutional framework and address all the issues pertaining to trade, investment, education and ...
21 Oct 2009 18:34

21 Oct 2009 18:20

Date for filing Sales Tax, Federal Excise Returns extended : The Federal Board of Revenue (FBR) has extended the due date for the filing of Sales Tax and Federal Excise Return for the tax period of September, 2009, upto October 25, provided that the ...

Turkish Prime Minister pay a three day visit to Pakistan : Turkish Prime Minister Recep Tayyip Erdogan will pay a three day official visit to Pakistan from October 24 and discuss with Pakistani leaders measures to further strengthen security, economic ...
21 Oct 2009 17:56

21 Oct 2009 17:49

Pakistan’s Current Account Deficit Narrows to $462 Million : Pakistan’s current account deficit narrowed in the first three months of the fiscal year that started on July 1. The deficit in the three months ended Sept. 30 declined to $462 million from $4.3 billion a year earlier, according to an e-mailed statement from the Karachi-based State Bank of Pakistan, the ...

Pakistan’s Current Account Deficit Narrows to $462 Million : Oct. 21 (Bloomberg) -- Pakistan’s current account deficit narrowed in the first three months of the fiscal year that started on July 1. The deficit in the three months ended Sept. 30 declined to $462 million from $4.3 billion a year earlier, according to an e-mailed statement from the Karachi-based State Bank of Pakistan, the ...
21 Oct 2009 17:41

21 Oct 2009 17:39

Pakistan Stocks Fall as Army Fights Taliban : Oct. 21 (Bloomberg) -- Pakistan stocks fell, with the benchmark index the world’s worst performer today, as the army stepped up an offensive against Taliban insurgents, raising concerns militants may ...

20 Oct 2009 15:48

Pakistan Central Bank Eases Provisioning Rules for Banks : Oct. 20 (Bloomberg) -- Pakistan’s central bank eased provisioning rules for commercial lenders. Banks are now allowed to use 40 percent of the value of assets provided as collateral to meet requirements for provisions against default, central bank spokesman Syed Wasimuddin said by ...

19 Oct 2009 16:15

Kerry holds talks in Islamabad over aid row : ISLAMABAD (AFP) – Leading Senator John Kerry and a top US general held talks with Pakistani officials on Monday as Washington tried to counter protests over a controversial 7.5-billion-dollar aid package. ...

19 Oct 2009 15:46

US, Britain, Pakistan linked to militants : EHRAN, Iran – The chief of Iran's Revolutionary Guard on Monday accused the United States, Britain and Pakistan of having links with the Sunni militants responsible for a suicide bombing that killed five ...

Pakistan Buys 50,000 Tons of Urea at $290.4 From Keytrade AG : By Farhan Sharif Oct. 19 (Bloomberg) -- Trading Corp. of Pakistan bought 50,000 metric tons of urea fertilizer from Switzerland’s Keytrade AG at $290.4 a ton, a spokesman for the state-run agency said. ...
19 Oct 2009 15:40

Germany re-opens investment guarantees for Pakistan : Germany has reopened the investment guarantees for Pakistan which were closed a few years back, says a message received here Tuesday from Berlin. A banking project of worth US$ 20 million has been initiated to be followed by other projects. Negotiations on renewal of bilateral Investment Treaty between Germany and Pakistan are at final stages ...
16 Oct 2009 21:16

16 Oct 2009 14:20

FCA sets wheat target of 25 mln tons for 2009-10 : The Federal Committee on Agriculture (FCA) which met here on Monday reviewed food security in the country and set wheat target of 25 million tons for the year 2009-10. The FCA met under the chairmanship of Federal Minister for Food and Agriculture (MinFA), Nazar Muhammad Gondal also set targets for Rabi crops. ...

16 Oct 2009 14:12

Canada condemns attacks in Pakistan : OTTAWA (AFP) – The Canadian government on Thursday condemned a spate of attacks in Pakistan that left 40 people dead. "Canada strongly condemns these attacks," Canadian Foreign Minister Lawrence Cannon said in a statement, offering "deepest sympathies" to the families and friends of those who were killed. ...

16 Oct 2009 14:10

Barack Obama to Sign Kerry-Lugar Bill Today : WASHINGTON: After release of a joint clarification statement addressing all issues linked to the Kerry-Lugar-Berman bill President Barack Obama will sign the Bill, Senator John Kerry here said. ...

Tarin for keeping budget deficit in fixed limits : Federal Minister for Finance and Economic Affairs Shaukat Tarin on Wednesday said that budget deficit would not exceed 4.9 percent for the financial year 2009-10. Talking to newsmen here after book launching ceremony, the Minster said that during the first quarter of the current financial year the deficit may touch 1.5 percent or 1.6 percent level against the ...
16 Oct 2009 12:09

16 Oct 2009 09:59

Fish exports to Malaysia increased manifold : Fish exports from Pakistan to Malaysia have shown tremendous progress during the first six months of current calendar year as compared to the corresponding period of the last year. Pakistan captured 17 ...
09 Oct 2009 19:26

09 Oct 2009 14:59

Investors to put $ 175m in Pakistan’s petroleum sector : Forty-one companies will invest $175 million in oil and gas exploration in a span of three years, said Special Secretary Ministry of Petroleum and Natural Resources G.A.Sabri. In Pakistan, he said, 53 oil fields have been identified and 36 international companies have submitted drilling programmes for 41 of them, SAMAA news reported. ...

EU reviews terms placed on Fisheries’ export with Pak : The European Union (EU) is reviewing the conditions placed on export of Fisheries with Pakistan, Geo news reported on Friday. According to a private news channel quoting the officials from European Commission in Pakistan they said, “ after receiving request from Pakistani government, we are considering the bilateral ...
09 Oct 2009 12:20

09 Oct 2009 09:54

Systems Limited to service the Healthcare Industry in USA : Systems Limited, a provider of technology solutions, strategic consulting services and knowledge process outsourcing has acquired US based eDoc Synergy, a privately-held provider of healthcare ...

27 Sep 2009 14:16

Business Community hails tripling of US Non-Military aid to Pakistan : Businessmen during a meeting at Islamabad Chamber of Commerce and Industry welcomed the US Senate vote to triple non-military aid to Pakistan to roughly 1.5 billion dollars per year ...

Future of Pakistan lies with China: Experts : Speakers at a seminar here on Saturday stressed the need for enhancing bilateral relations with China with which they said future of Pakistan lies. China-Pakistan Economic Cooperation Seminar was organized by Islamabad Chamber of Commerce and Industry (ICCI) and Association of Chinese Enterprises in Pakistan (ACEP) with an aim to explore ways and means ...
27 Sep 2009 12:30

27 Sep 2009 08:49

Economy on positive growth for last one year : The country’s economy has been gradually moving towards building basis on sound footings as the economic indicators have improved during the past one year. Not only the country’s foreign exchange reserves have now reached to $14.360 billion but the other indicators have shown considerable positive growth during the period under review. ...

Pakistan, Malaysia to form Joint Business Council : Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and National Chamber of Commerce and Industry of Malaysia (NCCIM) will make efforts for the formation of Joint Business Council to bridge ...
19 Sep 2009 20:33

19 Sep 2009 19:16

FPCCI delegation visiting Vietnam this November to explore market : Pakistan Chamber of Commerce and Industry’s (FPCCI) delegation is scheduled to visit Vietnam this November to explore markets for Pakistani products and enhance trade relations ...

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04 Nov 2009

Cabinet Approves Weekly Two offs for Industries

Pak-Indonesia to sign PTA next year: Sanaullah
03 Nov 2009

Pakistan Minister: Confident Of Getting $1.2 Billion IMF Loan
06 Nov 2009

Pakistan's forex reserves ease to $14.23 bln
05 Nov 2009

BankIslami shows 100% growth in deposits
04 Nov 2009

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