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	<title>Pakistan Business News &#124; Pakistan Finance</title>
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	<description>World Business &#124; Banking &#124; Money &#124; Budget</description>
	<lastBuildDate>Thu, 17 May 2012 02:56:06 +0000</lastBuildDate>
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		<title>Facebook feeds hungry IPO investors more shares</title>
		<link>http://www.onepakistan.com/finance/news/world/8836-facebook-feeds-hungry-ipo-investors-more-shares.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8836-facebook-feeds-hungry-ipo-investors-more-shares.html#comments</comments>
		<pubDate>Thu, 17 May 2012 02:56:06 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8836</guid>
		<description><![CDATA[NEW YORK  &#8211; With investors hungry for Facebook shares ahead of a hotly anticipated offering, the social network unveiled a 25 percent increase Wednesday in the number of shares to be sold at the market debut. The increase comes from current shareholders, who had previously obtained stock in private offerings, seeking to cash in on [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Greece worries sink US markets after early gains</title>
		<link>http://www.onepakistan.com/finance/news/world/8831-greece-worries-sink-us-markets-after-early-gains.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8831-greece-worries-sink-us-markets-after-early-gains.html#comments</comments>
		<pubDate>Thu, 17 May 2012 00:01:13 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8831</guid>
		<description><![CDATA[NEW YORK  &#8211; US stocks gave up early gains on positive US economic data to sink lower Wednesday as worries over Greece&#8217;s future in the eurozone hit investor sentiment. GE shares surged on news that its financial unit was back to health, but poor earnings results for big retailers JC Penney and Abercrombie &#38; Fitch [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Karachi Chamber of Commerce President wants Pakistanis in US lobby to get trade access</title>
		<link>http://www.onepakistan.com/finance/news/general/8827-karachi-chamber-of-commerce-president-wants-pakistanis-in-us-lobby-to-get-trade-access.html</link>
		<comments>http://www.onepakistan.com/finance/news/general/8827-karachi-chamber-of-commerce-president-wants-pakistanis-in-us-lobby-to-get-trade-access.html#comments</comments>
		<pubDate>Wed, 16 May 2012 14:53:42 +0000</pubDate>
		<dc:creator>Onepakistannews</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8827</guid>
		<description><![CDATA[Karachi :  President Karachi Chamber of Commerce &#38; Industry KCCI Mian Abrar Ahmed wants Pakistanis living in United States to lobby to get trade access to US market by encouraging its decision makers to have Free Trade Agreement FTA between two countries. Mian Abrar who is leading high level KCCI delegation to US was speaking [...]]]></description>
		<wfw:commentRss>http://www.onepakistan.com/finance/news/general/8827-karachi-chamber-of-commerce-president-wants-pakistanis-in-us-lobby-to-get-trade-access.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>State Bank to celebrate International Museum Day May 18-19</title>
		<link>http://www.onepakistan.com/finance/news/general/8818-state-bank-to-celebrate-international-museum-day-may-18-19.html</link>
		<comments>http://www.onepakistan.com/finance/news/general/8818-state-bank-to-celebrate-international-museum-day-may-18-19.html#comments</comments>
		<pubDate>Wed, 16 May 2012 10:51:32 +0000</pubDate>
		<dc:creator>Onepakistannews</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8818</guid>
		<description><![CDATA[Karachi,  State Bank of Pakistan Museum and Art Gallery is organizing two-day program to celebrate International Museum Day on May 18-19, 2012 at SBP Learning Resource Centre Auditorium, Karachi to raise awareness on role of museums in the development of society. Moving Dioramas Exhibition, Prize Bond Activity, Story Telling, Movie Screening, Mystery Objects Treasure Hunt [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>MoU signed with Agribusiness Support Fund for developing small and medium enterprises in Sindh</title>
		<link>http://www.onepakistan.com/finance/news/general/8817-mou-signed-with-agribusiness-support-fund-for-developing-small-and-medium-enterprises-in-sindh.html</link>
		<comments>http://www.onepakistan.com/finance/news/general/8817-mou-signed-with-agribusiness-support-fund-for-developing-small-and-medium-enterprises-in-sindh.html#comments</comments>
		<pubDate>Wed, 16 May 2012 10:44:40 +0000</pubDate>
		<dc:creator>Onepakistannews</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8817</guid>
		<description><![CDATA[Karachi. Sindh Enterprise Development Fund (SEDF) inked a Memorandum of Understanding with Agribusiness Support Fund (ASF) under USAID&#8217;s Agribusiness Project, for cooperation in the areas of agriculture and agribusiness sector with particular focus on Small and Medium Enterprises on Wednesday. Agribusiness Support Fund is implementing a 5 year development program with support from USAID. The [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Worries for India rise as rupee hits record low</title>
		<link>http://www.onepakistan.com/finance/news/world/8809-worries-for-india-rise-as-rupee-hits-record-low.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8809-worries-for-india-rise-as-rupee-hits-record-low.html#comments</comments>
		<pubDate>Wed, 16 May 2012 10:17:54 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8809</guid>
		<description><![CDATA[MUMBAI  &#8211; India&#8217;s rupee hit a record low against the dollar on Wednesday and stocks fell nearly two percent, as uncertainty over the eurozone debt crisis and weak domestic indicators hit Asia&#8217;s third-largest economy. The Indian unit fell to 54.43 rupees to the dollar in early afternoon, breaching its previous intraday lifetime low of 54.30 [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Moody&#8217;s to downgrade 21 Spanish banks: report</title>
		<link>http://www.onepakistan.com/finance/news/world/8808-moodys-to-downgrade-21-spanish-banks-report.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8808-moodys-to-downgrade-21-spanish-banks-report.html#comments</comments>
		<pubDate>Wed, 16 May 2012 09:59:13 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8808</guid>
		<description><![CDATA[MADRID  &#8211; Moody&#8217;s is set to &#8216;significantly&#8217; downgrade 21 Spanish banks within a week, following a cut of credit ratings on Italian banks, the Spanish economic daily Expansion said on Wednesday. &#8220;Sources in the Spanish financial sector are convinced that the agency will lower in a significant manner the ratings of numerous institutions,&#8221; said the [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GM to pull ads from Facebook</title>
		<link>http://www.onepakistan.com/finance/news/world/8803-gm-to-pull-ads-from-facebook.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8803-gm-to-pull-ads-from-facebook.html#comments</comments>
		<pubDate>Wed, 16 May 2012 09:57:42 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8803</guid>
		<description><![CDATA[NEW YORK  -  General Motors has confirmed that it is pulling its advertising from Facebook after determining that paid ads had little impact on consumers. GM has been spending about $10 million on paid advertising and $30 million on unpaid marketing on Facebook. &#8220;We are reassessing our Facebook advertising, but we remain committed to very [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>India&#8217;s Bharti probed over mondey-laundering claims</title>
		<link>http://www.onepakistan.com/finance/news/world/8797-indias-bharti-probed-over-mondey-laundering-claims.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8797-indias-bharti-probed-over-mondey-laundering-claims.html#comments</comments>
		<pubDate>Tue, 15 May 2012 21:00:54 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8797</guid>
		<description><![CDATA[NEW DELHI  &#8211; Indian authorities are probing the country&#8217;s top mobile phone company, Bharti Airtel, over allegations of money laundering, a minister said Tuesday, sending the company&#8217;s shares plunging five percent. The country&#8217;s directorate general of economic enforcement is carrying out the investigation, junior finance minister S.S. Palanimanickam told parliament. Palanimanickam said the enforcement directorate [...]]]></description>
		<wfw:commentRss>http://www.onepakistan.com/finance/news/world/8797-indias-bharti-probed-over-mondey-laundering-claims.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>US Justice Dept. investigates JPMorgan: reports</title>
		<link>http://www.onepakistan.com/finance/news/world/8788-us-justice-dept-investigates-jpmorgan-reports.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8788-us-justice-dept-investigates-jpmorgan-reports.html#comments</comments>
		<pubDate>Tue, 15 May 2012 20:54:45 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8788</guid>
		<description><![CDATA[WASHINGTON &#8211; The US Justice Department has opened an investigation into JPMorgan Chase&#8217;s more than $2 billion trading loss that the Wall Street bank announced last week, media reports said Tuesday. The Wall Street Journal, citing a person familiar with the matter, said the probe was at an early stage and it was unclear what [...]]]></description>
		<wfw:commentRss>http://www.onepakistan.com/finance/news/world/8788-us-justice-dept-investigates-jpmorgan-reports.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Facebook boosts IPO share price to meet demand</title>
		<link>http://www.onepakistan.com/finance/news/world/8787-facebook-boosts-ipo-share-price-to-meet-demand.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8787-facebook-boosts-ipo-share-price-to-meet-demand.html#comments</comments>
		<pubDate>Tue, 15 May 2012 20:52:57 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8787</guid>
		<description><![CDATA[NEW YORK  &#8211; Amid signs of strong investor demand, Facebook on Tuesday bumped up the share price estimate for its stock market debut, giving the leading social network a value that could top $100 billion. Facebook will price its initial public offering (IPO) between $34 to $38 per share, instead of the previously proposed $28 [...]]]></description>
		<wfw:commentRss>http://www.onepakistan.com/finance/news/world/8787-facebook-boosts-ipo-share-price-to-meet-demand.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>State Bank decides to implement International Bank Account Number (IBAN) Standard in Pakistan</title>
		<link>http://www.onepakistan.com/finance/news/money-banking/8775-state-bank-decides-to-implement-international-bank-account-number-iban-standard-in-pakistan.html</link>
		<comments>http://www.onepakistan.com/finance/news/money-banking/8775-state-bank-decides-to-implement-international-bank-account-number-iban-standard-in-pakistan.html#comments</comments>
		<pubDate>Tue, 15 May 2012 13:21:02 +0000</pubDate>
		<dc:creator>Onepakistannews</dc:creator>
				<category><![CDATA[Banking]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8775</guid>
		<description><![CDATA[Karachi, State Bank of Pakistan (SBP) Tuesday decided to implement International Bank Account Number (IBAN) standard in the country with a view to bring about account code standardization and efficiency in processing of payments for domestic as well as cross border transactions. IBAN guidelines issued by SBP today contain details for IBAN generation, validation and [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>PASDEC to establish another arble quarry up-gradation in FATA</title>
		<link>http://www.onepakistan.com/finance/news/general/8774-pasdec-to-establish-another-arble-quarry-up-gradation-in-fata.html</link>
		<comments>http://www.onepakistan.com/finance/news/general/8774-pasdec-to-establish-another-arble-quarry-up-gradation-in-fata.html#comments</comments>
		<pubDate>Tue, 15 May 2012 13:16:42 +0000</pubDate>
		<dc:creator>Onepakistannews</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8774</guid>
		<description><![CDATA[ISLAMABAD,  Pakistan Stone Development Company (PASDEC) will establish another marble quarry up-gradation project in FATA to develop the marble and granite sector of Pakistan. In this connection an agreement was signed between PASDEC and Badal Mining Company here on Tuesday. CEO, PASDEC Ihsanullah Khan and Senator Hadyatullah Khan of Badal Mining Company have signed the [...]]]></description>
		<wfw:commentRss>http://www.onepakistan.com/finance/news/general/8774-pasdec-to-establish-another-arble-quarry-up-gradation-in-fata.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ICCI delegation returns after successful business trip</title>
		<link>http://www.onepakistan.com/finance/news/general/8773-icci-delegation-returns-after-successful-business-trip.html</link>
		<comments>http://www.onepakistan.com/finance/news/general/8773-icci-delegation-returns-after-successful-business-trip.html#comments</comments>
		<pubDate>Tue, 15 May 2012 13:03:57 +0000</pubDate>
		<dc:creator>Onepakistannews</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8773</guid>
		<description><![CDATA[Islamabad,  A seven-member Islamabad Chamber of Commerce and Industry  (ICCI) delegation headed by ICCI President Yassar Sakhi Butt returned after a 10-day visit to Turkey, Romania and Czech Republic that included a number of high profile business events. During their stay in Turkey, ICCI delegation held successful meetings with Istanbul Chamber of Commerce, MUSIAD, PASIAD, [...]]]></description>
		<wfw:commentRss>http://www.onepakistan.com/finance/news/general/8773-icci-delegation-returns-after-successful-business-trip.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>India bank intervention suspected as rupee slides</title>
		<link>http://www.onepakistan.com/finance/news/world/8772-india-bank-intervention-suspected-as-rupee-slides.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8772-india-bank-intervention-suspected-as-rupee-slides.html#comments</comments>
		<pubDate>Tue, 15 May 2012 12:02:11 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8772</guid>
		<description><![CDATA[MUMBAI &#8211; India&#8217;s central bank likely intervened in foreign exchange markets on Tuesday after the rupee breached the key 54 level against the dollar, nearly hitting its lifetime low, dealers said. India&#8217;s Reserve Bank of India (RBI) is suspected to have started selling dollars after the rupee hit an intraday low of 54.13 against the [...]]]></description>
		<wfw:commentRss>http://www.onepakistan.com/finance/news/world/8772-india-bank-intervention-suspected-as-rupee-slides.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>India&#8217;s ex-telecom minister bailed in graft case</title>
		<link>http://www.onepakistan.com/finance/news/world/8760-indias-ex-telecom-minister-bailed-in-graft-case.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8760-indias-ex-telecom-minister-bailed-in-graft-case.html#comments</comments>
		<pubDate>Tue, 15 May 2012 12:00:32 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8760</guid>
		<description><![CDATA[NEW DELHI  &#8211; India&#8217;s former telecoms minister A. Raja, who faces trial over a massive corruption case involving mobile telephone licences, was granted bail Tuesday after 15 months in prison. Raja was arrested in February 2011 for allegedly conspiring with officials and businessmen to sell second-generation (2G) telecom licences at throwaway prices in 2008 to [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>India says it will cut Iran oil purchases by 11%</title>
		<link>http://www.onepakistan.com/finance/news/world/8759-india-says-it-will-cut-iran-oil-purchases-by-11.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8759-india-says-it-will-cut-iran-oil-purchases-by-11.html#comments</comments>
		<pubDate>Tue, 15 May 2012 11:58:02 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8759</guid>
		<description><![CDATA[NEW DELHI &#8211; India said Tuesday it would cut purchases of Iranian oil by 11 percent following pressure from the United States to join a drive to isolate the Islamic republic over its disputed nuclear programme. Indian refiners expect to import 15.5 million metric tons of crude from Iran in the fiscal year that began [...]]]></description>
		<wfw:commentRss>http://www.onepakistan.com/finance/news/world/8759-india-says-it-will-cut-iran-oil-purchases-by-11.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Software piracy costs record $63.4 billion in 2011: study</title>
		<link>http://www.onepakistan.com/finance/news/world/8758-software-piracy-costs-record-63-4-billion-in-2011-study.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8758-software-piracy-costs-record-63-4-billion-in-2011-study.html#comments</comments>
		<pubDate>Tue, 15 May 2012 11:48:26 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8758</guid>
		<description><![CDATA[SINGAPORE  &#8211; Software piracy cost the industry a record $63.4 billion globally in 2011 with emerging economies listed as the main culprits, an annual study said Tuesday. This was up nearly eight percent from the previous record of $58.8 billion in 2010, the Business Software Alliance (BSA) said in the study. In the Asia Pacific, [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Eurozone avoids recession, zero growth first quarter</title>
		<link>http://www.onepakistan.com/finance/news/world/8754-eurozone-avoids-recession-zero-growth-first-quarter.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8754-eurozone-avoids-recession-zero-growth-first-quarter.html#comments</comments>
		<pubDate>Tue, 15 May 2012 11:18:20 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://www.onepakistan.com/finance/news/?p=8754</guid>
		<description><![CDATA[BRUSSELS  &#8211; The eurozone logged zero growth in the first three months of the year, the EU said Tuesday, narrowly avoiding recession after a 0.3-percent contraction in the last quarter of 2011. The estimate from the bloc&#8217;s statistics agency Eurostat surprised analysts who had predicted a 0.2-percent decline in economic output across the 17-nation currency [...]]]></description>
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		<title>Eurozone chief lashes out at Greek exit &#8216;propaganda&#8217;</title>
		<link>http://www.onepakistan.com/finance/news/world/8746-eurozone-chief-lashes-out-at-greek-exit-propaganda.html</link>
		<comments>http://www.onepakistan.com/finance/news/world/8746-eurozone-chief-lashes-out-at-greek-exit-propaganda.html#comments</comments>
		<pubDate>Tue, 15 May 2012 02:36:58 +0000</pubDate>
		<dc:creator>AFP</dc:creator>
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		<description><![CDATA[BRUSSELS &#8211; Euro chief Jean-Claude Juncker hit out Monday at speculation over a Greek exit from the eurozone, saying currency partners unanimously affirmed their &#8220;unshakeable desire&#8221; to keep Athens in the club. The Luxembourg prime minister said feverish talk of &#8216;Grexit&#8217;, inflamed by comments from Austria&#8217;s Maria Fekter who suggested Greece would not only have [...]]]></description>
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