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Rates of exchange 24 Nov 2009

	1 EUR = 125.046	PKR
	1 USD = 83.514	PKR
	1 GBP = 138.575	PKR
	1 JPY = 0.939	PKR

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	NEWS TAPE

PAKISTAN: Fears over planned Karachi rail project : On 3 September a Pakistan government committee approved a project worth Rs 128.5 billion (US$1.54 billion) to revive the Karachi Circular Railway and turn it into a modern commuter service, but not ...
23 Nov 2009 17:57

Prices of all food items hit new high : With the sighting of the moon of Eid-ul-Azha, food inflation has started gaining new heights, rendering prices of all the essential items dearer and eroding the purchasing power of low and middle income class. ...
20 Nov 2009 17:03

Current account deficit shrinks by 84 percent : The country's current account deficit has shrunk by 84 percent to some one billion dollars in the first four months of current fiscal year mainly due to rising home remittances and sharp decline in trade ...
20 Nov 2009 17:02

Pakistan Plans to Buy 500,000 Tons of Sugar to Build Reserves : Pakistan, Asia’s third-largest sugar consumer, plans to call bids to import 500,000 metric tons starting next month to build stockpiles amid a shortage, the state-owned Trading Corp. ...
19 Nov 2009 17:04

Foreign Direct Investment in Pakistan Fell 53.2% in Four Months : Overseas direct investment into Pakistan dropped 53.2 percent in the first four months of the fiscal year that started July 1, the central bank said. Investment in July-October period fell to $621.8 million from $1.33 billion a year ago, according to an e-mailed statement from the Karachi-based State Bank of Pakistan. Global funds ...
18 Nov 2009 16:49

Noise "worse for dyslexic pupils" : Children with dyslexia find it harder to hear in noisy classrooms than those without the condition, a US study says. Pupils with poor reading skills were also more likely to struggle to retain information when there was background noise, researchers reported in Neuron. ...
16 Nov 2009 16:48

Pakistan to export 6,000 tons of corn : Thailand sold corn to Malaysia between $215 and $220 a ton including cost and freight for shipment in December, and Pakistan signed deals to supply 6,000 tons in containers at around $200-$205 a ton. ...
16 Nov 2009 16:47

Govt promises 69,272 MTs sugar at Rs 38/kg : The government would provide 69,272 metric tons sugar at Rs. 38 per kg through Utility Stores Corporation (USC) network for 30-40 days to fulfill the domestic sugar consumption across the country. The ...
13 Nov 2009 17:52

13 Nov 2009 17:44

Pakistan’s Textile Sales Threatened by Terrorism, Mansha Says : Pakistan’s overseas sales of textiles are threatened by growing terror attacks, power outages and poor market access, said Umer Mansha, chief executive officer of Nishat Mills Ltd., the ...

Pakistan’s Trade Gap Narrows 28.4% in October as Imports Fall : Pakistan’s trade deficit narrowed by 28.4 percent in October as imports fell faster than exports. The trade gap narrowed to $1.42 billion in the fourth month of the fiscal year, from $1.98 billion a year ago, according to data posted on the Web site of the Federal Bureau of Statistics ...
12 Nov 2009 17:30

12 Nov 2009 17:27

Pakistan's forex reserves rise to $14.27 bln : Pakistan's foreign exchange reserves rose to $14.27 billion in the week that ended on Nov. 7 from $14.23 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan were $10.70 billion, up from $10.64 billion a week earlier, while those held by commercial banks fell to $3.57 billion from $3.59 billion the previous week, the ...

Cotton Sales by India to Double on Demand From China, Pakistan : Cotton exports from India, the second-biggest grower, will more than double this crop season as China and Pakistan seek more fiber to make up for a shortfall in supplies from the U.S., a ...
11 Nov 2009 14:39

11 Nov 2009 14:35

Pakistan’s Inflation Slowed to 22-Month Low of 8.87% in October : Pakistan’sinflation slowed to a 22-month low in October, giving the central bank room to cut interest rates further if two reductions earlier this year fail to revive economic growth. ...

Pakistan to Get $380 Million Loan From Saudi Arabia : Pakistan will get a loan of $380 million from Saudi Arabia to help the south Asian country improve its balance of payments, the News newspaper reported, without saying where it got the information. ...
10 Nov 2009 17:39

ISE loses 6.48 points : The Islamabad stock market closed in the negative zone on Thursday as the ISE 10-share index dropped by 6.48 points to close at 2,125.72 points from its previous level of 2,132.20 points. Of the total 155 participant companies, ...
09 Nov 2009 17:30

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

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Prices of all food items hit new high
20 Nov 2009

Pakistan Plans to Buy 500,000 Tons of Sugar to Build Reserves
19 Nov 2009

Current account deficit shrinks by 84 percent
20 Nov 2009

PAKISTAN: Fears over planned Karachi rail project
23 Nov 2009

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