Pakistan reserves rise as oil Gains on liquidity injection – Pakistan oil and gas sector update PAKISTAN – Pakistan’s energy explorers led by Oil & Gas Development Co. (OGDC) were poised for their biggest gain in a week as steps taken by central banks to ease the European debt crisis boosted oil for a fifth […]
Dec 9 2011 | Posted in
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200 CNG buses to be put on roads in Lahore claims LTC chairman, Ahmad Hassaan Transport situation is Punjab is getting worse with every passing day and keeping this in mind the government of Punjab is going to put 575 CNG buses on the road, by the end of January 2012. Lahore Transport Company Chairman […]
Dec 8 2011 | Posted in
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“Telecom”, the only booming industry in Pakistan making its way forward with more innovation by launching a worldwide SIM card in the country. A Canadian Mobile Virtual Network Operator (MVNO) Company’s Polar Wireless is investing through an introduction of first worldwide SIM card in Pakistan that will provide wholesale prepaid rates on voice, SMS, data […]
Dec 8 2011 | Posted in
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Federal Board of Revenue (FBR) has ignited rage among the exporters with its most recent notices, requiring the exporters to submit piles of records to the government authority. FBR has issued notices to exporter across the country seeking sales tax records under Section 25 of the Sales Tax Act 1990. The exporters are required to […]
Dec 8 2011 | Posted in
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Since the dawn of internet, the world has become a global village with its presence in the dotcom environment. Since that time the world has seen a battle between two systems, click and brick. The clever ones chose the right option and embraced the click system of business and are prosperous to date. The dotcom […]
Dec 8 2011 | Posted in
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CNG stations in Faisalabad to remain close for three days According to a spokesman of Sui Northern Gas Pipelines Limited (SNGPL), Pakistan is facing a severe shortage of gas. To overcome the deficit, SNGPL a load management schedule is being implemented for CNG stations for two days in a week but when the shortage gets […]
Dec 7 2011 | Posted in
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China – Stimulus stopped so did the China’s runaway growth After car sales growth of 46 percent in 2009 and 32 percent in 2010, the maker of the squat Ben Ben mini car and Changan Star van saw a modest 3 percent rise in the first 10 months of 2011. It also watched its share […]
Dec 7 2011 | Posted in
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Microsoft Inc. has announced their pricing and fees for future Windows applications store. The personal computer giant is ready to start from February with the launch of Windows 8 beta, the operating system designed for both PC and mobile. To attract developers, Microsoft has announced a commission policy that is more favourable for successful […]
Retailers not carving up the price relief with customers Despite of fall in the prices of pulses and sugar in the local whole sale market (Dandia Bazaar) in Karachi, the retailers are not willing to pass on the relief to the consumers. A persistent decline in the sugar prices has been observed in the sugar […]
Dec 7 2011 | Posted in
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The US Senate and Congress took notice of Federal Reserve’s easy lending late in 2010 and first quarter of this year. Fed Chairman Ben Bernanke was sent a memo to make public detailed reports on the aid provided to the US financial institutions. Bernanke, in reply to the leaders of the House and Senate, said […]
Dec 7 2011 | Posted in
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International lenders are pressing the Pakistan government to reconsider the Kalabagh dam project as a priority water sector project and bring up constitutional amendments in the parliament for cost and benefit sharing of new reservoirs among the related stakeholders. A reports was issued by the water task force of the Friends of the Friends of […]
Dec 4 2011 | Posted in
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Economic assistance from US stable, Dr Abdul Hafeez Shaikh The Federal Finance Minister, Dr Abdul Hafeez Shaikh, on Saturday, December 4 divulged that the economic assistance to Pakistan from the United States of America is stable despite a sudden dip in relationship between the two countries after the Nato strike that killed 24 Pakistani soldiers […]