KESC concerned over rising copper wire theft
Hyderabad : Karachi Electric Supply Company (KESC) has expressed concern over the recent surge in the theft incidents of its extra high tension (EHT) wires from live transmission circuits resulting in colossal material loss and uncalled for [...]
SAARC member states must work together to strengthen economic ties, accelerate development
New Delhi : Vice President South Asian Association for Regional Cooperation SAARC Chamber of Commerce & Industry SCCI, Pakistan chapter Iftikhar Ali Malik Monday urged its member states to strengthen economic ties, accelerate development [...]
Zahid Husain Memorial Lecture Best way to use finance is to promote well-being of poor: Prof. Banerjee
Karachi : Professor of Economics at Massachusetts Institute of Technology MIT Dr. Abhijit Vinayak Banerjee says best way to use finance is to promote well-being of poor and find ways to lend more effectively to small and medium firms that [...]
Pakistan’s total liquid foreign exchange reserves $16658.0mln
Karachi : Pakistan’s total liquid foreign reserves stood at $16,658.0 million on December 16, 2011, State Bank of Pakistan said Thursday.
According to break-up, foreign reserves held by SBP were $12,757.6 million and net foreign reserves [...]
Gulf Cooperation Council: Steps needed to limit Gulf remittances
Dubai : Much to their credit, the Gulf Cooperation Council (GCC) states are a major source of remittances in the world, particularly to south and south-east Asian countries, including Pakistan. As such, millions of people in Asia depend for [...]
Pakistan International Airline PIA ropes in UAE lenders for Dh330m finance
Dubai : Pakistan International Airlines Corporation (PIA) said, it has executed facility documentation for a $90 million (Dh330 million) Shari’a compliant financing facility. It was arranged by Abu Dhabi Islamic Bank, Al Hilal Bank, [...]
ICCI shows concern over persistent devaluation of Rupee
ISLAMABAD, Continuing downslide of rupee has put a very negative impact on the economic growth of the country, badly hitting all the important areas of economy apart from increasing country’s foreign debt servicing liabilities.
These [...]
Etihad offers 40 percent discount sale in Business Class from Karachi
Karachi : Etihad Airways, the national airline of the United Arab Emirates, is now offering up to 40% discounts on its award winning Pearl Business Class, for its Pakistani passengers, traveling from Karachi to a host of popular destinations [...]
Pakistani rice traders to attend International Rice Exhibition in Dubai
Karachi: Under the patronage of Ministry of Foreign Trade UAE government, the international rice exhibition ‘Rice Dubai 2011’ is being held from November 03 in Dubai.
A large number of global rice exporters, importers and traders as well [...]
Indian High Commissioner calls Foreign Minister, discuss bilateral ties, commerce
Islamabad,: Indian High Commissioner to Pakistan Sharat Sabharwal Thursday called on Foreign Minister Ms Hina Rabbani Khar to discuss bilateral relations and recent developments like steps to boost commerce between the two countries.
Sabharwal [...]
