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15% Tax GDP ratio must to maintain 7% economic growth : Tareen

KARACHI, (APP): Advisor to Prime Minister on Finance, Revenue and Economic Affairs, Shuakat Tareen has underlined the need for bringing all kind of income under tax net to ensure high rate of economic growth. “ We need 15% tax‑GDP ratio only to maintain economic growth at around 7 percent. If we want more economic growth [...]

January 4, 2009 Business 0 Comments

Pakistan wants regional approach to combat terrorism: FM

MULTAN, (APP): Foreign Minister Makhdoom Shah Mehmood Qureshi said on Sunday Pakistan remains committed to maintaining friendly ties with all neighbouring countries including India and prescribes a regional approach to tackle terrorism so as to stop recurrence of Mumbai like incidents. “ Mumbai attacks was a big incident which caused great damage and we need [...]

January 4, 2009 Defence, News, Politics, World 0 Comments

7 killed, 35 injured in bomb blast

DERA ISMAIL KHAN (APP): At least seven people including five policemen were killed and 35 others injured in a bomb blast in front of a hotel, adjacent to Polytechnic College on Multan Road here Sunday evening. It is to be mentioned that FC personnel had been deployed in the college to maintain security during Muharram. [...]

January 4, 2009 News, World 0 Comments

Accountability law to be amended under CoD, says President

ISLAMABAD: Federal Law Minister Farooq H. Naik briefed the President on the National Accountability Bureau (NAB) law and the amendments proposed in it here in Presidency on Saturday. Briefing the President the Law minister gave the background of how the NAB law was enacted over a decade ago for the so called accountability of corrupt [...]

January 3, 2009 Politics 0 Comments

SECP registers 4,461 companies during 2008

ISLAMABAD, (APP): The Securities and Exchange Commission of Pakistan (SECP) has registered 4,461 companies during 2008, as compared to 4,837 companies registered during last year. The total registration of 4,461 companies during the year, comprising 4,153 private companies, 175 single member companies, 67 public companies, 39 associations not for profit licenced under section 42 of [...]

January 3, 2009 Business, News 0 Comments

PM felicitates Myanmar counterpart on independence day

ISLAMABAD (APP): Prime Minister Syed Yousuf Raza Gilani has felicitated Prime Minister Thein Sein of the Union of Myanmar on the independence day of Myanmar on January 4. In his message of felicitations the Prime Minister said, “on behalf of the government and people of the Islamic Republic of Pakistan and on my own behalf [...]

January 3, 2009 News, Politics, World 0 Comments

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, [...]

May 18, 2008 News 0 Comments

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 [...]

May 18, 2008 Business 0 Comments

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 rates [...]

May 18, 2008 Business 0 Comments

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 [...]

May 4, 2008 Business 0 Comments

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