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Rates of exchange 31 Dec 2009

	1 EUR = 120.915	PKR
	1 USD = 84.238	PKR
	1 GBP = 133.727	PKR
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	RUBRIC NEWS : "POWER MARKET"

‘46% power generation based on expensive imported oil’ : The Ministry of Water and Power on Tuesday said that power generation in the country was heavily reliant on oil, which had reached the alarming level of 46 percent against 5.6 percent internationally. ...
23 Dec 2009 20:49

23 Dec 2009 20:47

Pakistan to Sell Stakes in Power Companies Next Year : Pakistan plans to sell stakes in six power companies in 2010 as it tries to revive an asset-sale program halted by terrorism and a slowing economy. “Privatization is the bread earner for Pakistan,” Asset Sale Minister Waqar Ahmed Khan said in an interview in Islamabad today. “All regulatory approvals are in place” for the sale of ...

Shut power plants to avoid gas loadshedding : If industrial captive power plants voluntarily shut their units for four to six hours daily, there would be no loadshedding of gas in the city, said Sui Southern Gas Company Managing Director Umair Khan, ...
10 Dec 2009 20:54

OPIC to help Pakistan in energy requirement : A delegation of the Overseas Private Investment Corporation, a US government agency, headed by Robert B Brumheller called on the Federal Minister of Petroleum and Natural Resources, Syed Naveed Qamar here on ...
09 Dec 2009 20:32

SBP asks banks to finance renewable power projects : The State Bank of Pakistan has introduced financing facility for establishment of new power projects using renewable energy with a capacity of up to 10MW with a view to meeting the growing electricity ...
02 Dec 2009 20:40

Petroleum price hike to stoke inflation:Industry : The trade and industry while criticising the government on Tuesday urged it to immediately withdraw the increase in prices of petroleum products as it would cause irreparable damage to the government. ...
02 Dec 2009 20:38

Petrol price up by Rs 4.37 per litre : ISLAMABAD: Petrol price was increased by Rs4.37 per litre, according to a notification issued by OGRA here Monday night, Our Sources reported. The petrol price has been raised from Rs61.63 to Rs66 per litre. ...
01 Dec 2009 20:04

26 Nov 2009 20:22

Pakistan’s Natural Gas Shortage to Widen in 2010, Dawn Reports : Pakistan’s shortage of natural gas may widen next year, the Dawn reported, citing an official at the nation’s Petroleum Ministry. The gas shortfall may be more than 2 billion cubic feet a day in 2010, the newspaper reported, citing Mahmood Salim Mahmood, the secretary at the ministry. ...

PSO to import 3.5m tons diesel : Pakistan State Oil (PSO), the country’s largest fuel supplier, will import 3.5 million tonnes of diesel from Kuwait next year, sources in PSO said on Tuesday. “We have had a long-term contract with Kuwait Petroleum and usually import between 3.2 million tonnes and 3.3 millions tonnes,” said a PSO official. “But just to be on the safe side, we are importing 3.5 million ...
25 Nov 2009 21:02

Nepalese PM appeals South Asian Business community for Investment : Minister of Nepal, Pushpa Kamal Dahal Prachanda has appealed to the business community of south Asia for investment in Nepal as the country has the huge potential for Foreign Investment ...
16 Feb 2009 22:53

EAD receives US$ 1.8 bln in six months : Economic Affairs Division (EAD) received US $ 1.8 billion foreign aid disbursements in the first half of current financial year, (2008-09), a senior official of the ministry told APP. “Out of 1.8 disbursements, US$ 1.7 billion were loans while the remaining US $ 0.1 million were received in the shape of grants,” the official said. ...
04 Feb 2009 22:20

04 Feb 2009 11:20

Pakistan and Sri Lanka trade to be increased to 1 bln dollars : There exists a potential to enhance the bilateral trade between Sri Lanka and Pakistan to one billion dollars mark. This was stated by the Consul General of Sri Lanka in Karachi, Sidath Kumar, here on Monday. ...

24 Dec 2008 17:42

Export of textile, food items increases : Textile exports during the month of November 2008 witnessed increase of 1.22 percent as compared to exports of October 2008. Textile exports during November were recorded at $838 million as against exports $828 million registered in October 2008, according to data released by Federal Bureau of Statistics. ...

Business community hails reopening of equity markets : The Islamabad Chamber of Commerce and Industry here on Monday welcomed the directive of Security and Exchange Commission of Pakistan (SECP) for reopening of three stock exchanges of the country, ...
19 Dec 2008 19:39

Afghan trade team to import Pak-made diesel engine : A high level private sector trade delegation from Afghanistan will visit Lahore after Eid ul Azha to import Pakistan made diesel engines for agricultural purpose. Chief executive officer KAM Engineering, Khalid Saeed Khan told APP here Monday that the Pakistan made KAM diesel engines have become very popular in Afghanistan, compared to all brands of those made ...
12 Dec 2008 16:25

French technology sought to support county’s textile, agro based industry : Karachi Chamber of Commerce and Industry (KCCI) has sought technical support from France especially in agro‑based industries and solar energy sector besides textile ...
21 Nov 2008 18:33

21 Nov 2008 15:42

Turkey keen to promote cooperation with Pakistan in trade, technical, education : Turkey is keen to promote bilateral ties and cooperation with Pakistan in various sectors particularly in economic and trade, technical education and culture. ...

SBP modifies procedure for refinancing exports : State Bank of Pakistan has made the following revisions in Part‑II of the Export Finance Scheme (EFS) to further facilitate banks to provide financing to the exporters. The Central Bank, in a circular addressed to Presidents/ Chief Executives Officers of all banks here on Wednesday, said the revisions include : State Bank will also henceforth provide 100% refinancing ...
13 Nov 2008 20:54

Pak foreign reserves stand at $ 6,758.1 mln : Pakistan’s total liquid foreign reserves stand at dollars 6,758.1 million, says a statement issued by State Bank of Pakistan here on Thursday. On November 1, 2008, the foreign reserves held by SBP amounted dollars 3,529.7 million whereas net foreign reserves held by banks other than State Bank figured dollars 3,228.4 million. ...
12 Nov 2008 22:20

Pak can earn more forex by exporting fresh fruits : Pakistan can earn more foreign exchange by conserving and exporting fresh fruits and vegetables through CA technology network in the country. Professor Dr. Iqrar Ahmad Khan Vice Chancellor University of Agriculture Faisalabad (UAF) aexpressed these views while examining mango quality at CA Laboratory at Horticultural Sciences here Thursday ...
31 Oct 2008 18:28

20 Oct 2008 01:00

Country’s exports decrease by 50 percent: claims Ijaz : Former chairman Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA) Ijaz Khokhar has said that the export of the country has been decreased to 50 percent due to load ...

16 Oct 2008 19:42

LCCI expresses concerns over power crises : Lahore Chamber of Commerce and Industry (LCCI) Tuesday expressed concern over non-provision of electricity to the industrial sector despite withdrawal of subsidy. LCCI President Mohammad Ali Mian in a statement issued here on Tuesday, said that the government had withdrawn the subsidy on electricity besides making an upward revision in its prices for making payments to ...

German delegation calls on ZTBl Chief : Exploring alternate source of energy is vital for agricultural and industrial uplift, which will give robust growth needed for achieving self sufficiency in food production. This was stated by President of Zarai ...
16 Oct 2008 15:33

03 Oct 2008 18:52

Business community welcome increase in wheat support price : Business community here on Tuesday appreciated government’s decision of increasing wheat support price to Rs. 950 per 40 kg terming it “a right decision at a right time”. “This is a right decision of government at a right time which would benefit the farmers and encourage them to produce more wheat for the benefit of the country”, Shabbir Sheikh a Senior ...

30 Sep 2008 22:15

FBR asked to re-open case of Shahnawaz Textile : The Federal Tax Ombudsman Justice ® Munir A. Sheikh here on Saturday asked the Federal Board of Revenue to reopen order of Deputy Collector (Refund) issued to the M/s Shahnawaz Textile and decide his ...

30 Sep 2008 16:30

US to give $ 100 mln to Pakistan for agri sector : The US Ambassador to Pakistan Ms Anne W Patterson has said that the United States wants long-term, broad-based relations with Pakistan and is going to announce $ 100 million package for its Agriculture ...

04 Dec 2007 14:55

Seminar on “Future of Online Stock Trading in Pakistan” held : The future of online stock trading in Pakistan looks quite promising as the new generation is quite at easy with this technology. This was stated by Senior Vice President, Multan Chamber of ...

26 Nov 2007 17:50

Port Qasim shipping activity report : Shipping activity remained brisk at Port Qasim where four ships scheduled to load/offload containers, rice, chemicals and LPG took berths at Qasim International Container Terminal, Multi Purpose Terminal, Engro ...

19 Nov 2007 14:58

SPI registers decrease in kitchen items’ prices : The Sensitive Price Indicator (SPI) for week ended on November 15 for lowest income group up to Rs 3,000 has registered 0.06 per cent decrease over the previous week. The SPI for the week under review in the above mentioned group was recorded at 169.86 as against 169.97 registered in the previous week, according to Federal Bureau of Statistics (FBS). ...

Tehran wants to improve trade ties with Islamabad : Leader of 24-member trade delegation from Kermanshah province of Iran and Deputy Director of Commerce Organisation of Kermanshah city, Daaryash Panahi has said that Iran wants to improve trade and ...
19 Nov 2007 14:52

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