Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Islamabad: (Saturday, August 11, 2012) Pakistan’s trade deficit in the first month of the ongoing fiscal year, July, has mounted to $ 1.6 billion. The current trade deficit is 4.7 percent higher than the figures for similar month the previous year. While explaining the increasing trade deficit phenomenon, Pakistan Statistics Department said that the pace […]
Islamabad: Federal Board of Revenue (FBR), in a bid to facilitate the Pakistani exporters, has decided to withdraw the regulatory duty on (lead) goods manufactured from imported raw materials. A notification issued by FBR here said that the Federal Government has amended Notification No. SRO-594(I)/2009 dated June 25, 2009. The notification further said, "Provided that […]
Islamabad: (Friday, August 10, 2012) With the POL products getting expensive in the international oil market, the domestic market is also likely to observe a significant price hike in various petroleum products. According to the sources, the government is mulling over increasing petrol prices by at least Rs. 1 per litre . Similar to petrol, […]
Islamabad: (Friday, August 10, 2012) In a bid to revive the long stalled business activity in the country, the State Bank of Pakistan has decided to cut the key policy rate by 150 basis points. After the decrease, the new rate stands at 10.5 per cent. After keeping the interest rate unchanged for about 9 […]
Karachi: (Tuesday, August 07, 2012) Pakistan and Iran, two cash starved neighbours have finally found out a solution for their depreciating foreign exchange reserves while keeping their usual trade volume unaffected. According to the sources, Iran will buy wheat from Pakistan in exchange of fertilizer and pig iron. By now, an agreement for purchase of […]
Karachi: (Tuesday, August 07, 2012) A spokesperson of the Karachi Electric Supply Company (KESC) has confirmed that power supply to all areas of the metropolis affected by the power outage had been restored on Monday. Sharing reasons of the blackout that continued for entire night in the economic hub of the country, the spokesperson said […]
Karachi: (Friday, August 03, 2012) Pakistan’s foreign exchange reserves, that have lately been on declining end, have gone further down by $ 198 million to about $ 14,575 billion as on July 27, 2012 on foreign payments. According to the sources at Pakistan State Bank of Pakistan (SBP) on Thursday, the foreign exchange reserves held […]
Karachi: (Monday, July 30, 2012) As the Eid-ul-Fitr approaches, the State Bank of Pakistan (SBP) decides to inject fresh currency notes in the market from August 01. To equally circulate the fresh currency notes, the SBP will utilize over 10,000 branches of the commercial banks across Pakistan. The fresh currency notes will be available to […]
Singapore: (Wednesday, July 25, 2012) After sustaining high for a week, oil prices in Asian markets have started to decline. And this time, the decline has been caused by the worsening debt crisis of the eurozone. Following the market mood, New York’s main contract lost about 18 cents for light sweet crude deals for September […]
Islamabad: (Wednesday, July 25, 2012) Considering the increasing crude oil prices in the Asian market, POL prices are likely to go up in Pakistan as well. According to a source at the Ministry of petroleum and Natural Resources, increase in prices have become a must as the price of oil in international markets has gone […]
Hyderabad: (Saturday, July 21, 2012) S R Rao, the Indian Trade Secretary said here today that talks over Pak-India trade relations were being worked upon and they expect it to begin in sometimes in September. Rao said this while talking to the journalists during a programme of Chamber of Commerce and Industry in Hyderabad city […]
Karachi: (Saturday, July 21, 2012) One of the reasons as to why there seems no end to inflation in Pakistan is thefederal government’s heavy borrowing from the central bank of the country. According to the sources at State Bank of Pakistan (SBP), in last six days alone, the government has borrowed about Rs51 billion from […]
