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Rupee crosses Rs87 to a dollar in open market |
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By our correspondent
KARACHI: The rupee crossed the Rs87 mark against the US dollar in the open market on Monday as people started hoarding the foreign currency in the wake of State Bank’s requirement to show personal ID for purchase or sale of greenback.
The recent round of rupee depreciation had been aggravated
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ENI, PPL start offshore oil, gas exploration |
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By Salman Siddiqui
KARACHI: Though Pakistan has never been successful in exploring oil and gas reserves in offshore areas in the country it is once again making all efforts to achieve the goal in the Arabian Sea.
The ENI Pakistan and Pakistan Petroleum Limited (PPL) have joined hands and started drilling Shark-
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Govt may set Rs1,711bn revenue target next year |
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By Aftab Maken
ISLAMABAD: The government is planning to take fresh steps in the federal budget for 2010-11 in an attempt to enhance tax collection target to Rs1,711 billion. In this connection, the government will impose value added tax, phase out exemptions and tax the services sector, reveals the finance ministr
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SPI rises by 18 per cent |
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By Israr Khan
ISLAMABAD: Inflation, measured by the Sensitive Price Index (SPI), covering 53 kitchen items of daily use rose by 18.18 per cent in the week which ended on February 4 compared to the corresponding week of the last fiscal year.
It appears that the government has no policy and no administrative
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OGDC helps KSE gain 40 points |
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By our correspondent
KARACHI: The ongoing financial results announcement season and fundamental change in a couple of leading stocks invited extended buying on the Karachi bourse on Monday. The Oil & Gas Development Company played the leading role in achieving moderate gains in this session.
The KSE 100-share Ind
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LSE higher by 19 points |
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By our correspondent
LAHORE: The Lahore stock market on Monday recorded some fresh buying which pushed the LSE 25-share index up by 19.11 points to 3,067.66.
In the morning, trading started on a positive note and the index moved upwards. However, some profit-taking was done in the first half. Later, the petroleum
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Govt devises new plan to boost productivity |
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KARACHI: Federal Minister for Production and Industries Mir Hazar Khan Bijarani on Monday said the country was continuously in the grip of low productivity trap, adding that the government had devised a new plan under which many corrective steps would be taken within the next few weeks.
“We
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Soneri Bank shows interest in RBS |
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By Saad Hasan
KARACHI: Another Pakistani bank on Monday expressed desire to buy local operations of once-mighty Royal Bank of Scotland (RBS) which has been up for sale for a year.
Soneri Bank, which has 154 branches across the country, said it would seek approval of the regulator to proceed with due dilige
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Bids invited for KSE membership |
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By our correspondent
KARACHI: The Karachi Stock Exchange (KSE) has invited bids for its membership right (seat) from eligible individuals, corporate bodies, financial institutions and banks.
Any company or individual, who fulfills the given criteria and wants to take benefit of demutualization, may send bid(s) un
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Oil rises towards $72 |
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NEW YORK: Oil rose toward $72 a barrel on Monday, as a weaker US dollar and cold weather provided support after three straight losing sessions. Unusually cold weather will settle across key heating-fuel consuming regions in the United States this week, in the wake of heavy snow over the weekend, for
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Issues with Etisalat to be resolved soon: minister |
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By Israr Khan
ISLAMABAD: The government on Monday said Pakistan would resolve its issues with UAE telecom giant Etisalat soon and hoped that by March it would receive $800 million in arrears from the firm.
At a press conference here, the Minister for Privatisation, Waqar Ahmed Khan, said through value-addi
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Bid to meet WTO standards |
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By our correspondent
ISLAMABAD: The government on Monday set up a grain quality testing laboratory (GQTL) here at the National Agriculture Research Council (NARC) which would help in complying with World Trade Organisation’s sanitary and phytosanitary (SPS) standards.
Federal Minister for Food and Agriculture Naz
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ISSN 1563-9479 
