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 [...]
Shareholders attend PTCL 16th AGM
KARACHI: Pakistan Telecommunication Company Limited (PTCL) held its 16th Annual General meeting here Wednesday, which was attended by a large number of PTCL shareholders.
Chairman, PTCL Board of Directors, Saeed Ahmed Khan chaired the meeting, [...]
Dry Ports should only be used for exports: Saeed Shafiq
Karachi: Government must consider limiting the use of dry ports in the country for exports only which will not only boost the exports but also restore Pakistan’s image which is being tarnished in international community due to criminal practices [...]
President says early implement all projects, plans to meet energy requirements, enhance oil, gas production
Islamabad: President Asif Ali Zardari Friday called for early implementation of projects and plans to meet energy needs, enhance oil and gas production, reactivation of abandoned and depleted gas fields in the country.
He was presiding meeting [...]
