Archive for May, 2008

Japan extends ODA Funds to Pakistan for four development projects

Japan extends ODA Funds to Pakistan for four development projects

ISLAMABAD: Pakistan and the Japan Bank of International Cooperation here on Saturday inked an agreement under which the JBIC will extend an Official Development Assistance (ODA) to the tune of 47.973 billion yen or approx US $ 478 million to Pakistan for four development projects.
Junaid Iqbal Chudhry, Additional Secretary-Economic Affairs Division and Tomoharu Otake, Chief [...]

May 18, 2008 News 0 Comments

Plan being chalked out to produce 2378.8 thousand tonnes of maize in 2008-09

Plan being chalked out to produce 2378.8 thousand tonnes of maize in 2008-09

ISLAMABAD: The Ministry of Food, Agriculture and Livestock (Minfal) is chalking out a plan to cultivate maize crop over 1001.2 thousand hectare to produce 2378.8 thousand tonnes of maize to fulfill the domestic maize consumption during the year 2008-09.
An official in the Minfal said here Saturday that maize is an essential food crop which is [...]

May 18, 2008 Business 0 Comments

Rates for conversion of FCD, DBC/FCBC, US dollar bonds

Rates for conversion of FCD, DBC/FCBC, US dollar bonds

KARACHI (APP): The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S. Dollar Bonds and profits thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E.25 deposits) by the State Bank on 5th May, 2008. The [...]

May 18, 2008 Business 0 Comments

Pakistan to organize single country Gems and Jewellery Exhibition in Houston-USA

Pakistan to organize single country Gems and Jewellery Exhibition in Houston-USA

Islamabad: Pakistan Gems and Jewellery Development Company (PGJDC) has planned to organize single country Gems and Jewellery Exhibition in Houston, USA in collaboration with Pakistan Chamber of Commerce USA (PCC-USA).
In this regard a Memorandum of Understanding (MoU) between PGJDC and PCC-USA has been finalized. The prime motive of the MoU reflects the commitment towards the [...]

May 4, 2008 Business 0 Comments

Cotton arrivals at ginneries register 8.52 pc shortfall

Cotton arrivals at ginneries register 8.52 pc shortfall

MULTAN: The cotton crop arrivals at the ginneries across the country have been recorded at 11.352 million bales up to May 1, 2008, showing a shortfall of 8.52 percent as compared to last year. Last year, arrivals on May 1 stood at 12.410 million bales.
Initially, the official production target for the current season was fixed [...]

May 4, 2008 Business 0 Comments

Pakistan Steel shares to be sold soon

KARACHI, May 3: Syed Naveed Qamar, Federal Minister for Industries, Production, Privatisation, Ports and Shipping on Saturday said ten percent shares of Pakistan Steel Mills will soon be off-loaded in stock market to finance PSM modernisation and expansion plan.

May 4, 2008 Business 0 Comments

KSE 100 Index loses 165.65 points on Friday

KARACHI, May 2: Selling pressure persisted at Karachi Stock Exchange as its 100 Index shed another 165.65 points to close at 14956.82 on Friday, said a dealer.
Mohammad Hasnain, associated with a local brokerage house said uncertain political situation had its across the board repercussion on the local bourse.
Lackluster approach was registered in both the sessions [...]

May 2, 2008 Business 0 Comments

Silk Route Dry Port at Sost starts business operations with new management

ISLAMABAD, May 2 – Pakistan and China have re?opened border for trade and tourism at Khunjrab from May 1. According to a statement issued by the Management of the Silk Route Dry Port, the port has also started its business operations with the taking over of the new management of the port at [...]

May 2, 2008 Business 0 Comments

Islamabad Stock Exchange-10 index down by 27.08 points

ISLAMABAD, May 2 – Islamabad Stock Exchange witnessed a bearish trend here on Friday, as the ISE?10 index was down by 27.08 points to close at 3174.22 in today

May 2, 2008 Business 0 Comments

Lahore Stock Exchange sheds 29 points

LAHORE, May 2 – The Lahore Stock market witnessed bearish trend on Friday as LSE-25 index lost 29.10 points to settle at 4619.40

May 2, 2008 Business 0 Comments
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