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12-Mar-2010 |
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Pakistan foreign exchange reserves fell to $14.72 billion in the week ending on March 6 from $14.80 billion the previous week, a central bank official said on Thursday. Reserves held by the State Bank of Pakistan fell to $10.91 billion from $10.96 billion a week earlier, while those held |
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12-Mar-2010 |
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The government on Thursday announced that work on second biggest hydel project in the country after Tarbela, Diamer Basha Dam would start by the end of this year, as compensation matters with affectees have been settled and Rs40bn would be paid to them within three years. |
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12-Mar-2010 |
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The Minister for Privatization Senator Waqar Ahmed Khan said Council of the Common Interest (CCI) has given approval for privatisation of 58 state-owned enterprises. The minister said through privatisation process the government wanted to improve the efficiency and performance of the state-owned entities so that they could contribute to |
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11-Mar-2010 |
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Asian Development Bank (ADB) has advised the Finance Ministry not to bow down before "unreasonable terms by the banks just for the sake of speed," with reference to dealing with power sector debts, according to an aide-memoir. The Bank has given the deadline of March 31, 2010 to the |
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11-Mar-2010 |
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The Federal Board of Revenue (FBR) has unearthed a unique method of withholding tax evasion by unscrupulous elements having saving accounts in the Central Directorate of National Savings (CDNS) where different accounts were opened up to exemption limit to avoid tax payment. |
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11-Mar-2010 |
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Remittances sent from overseas Pakistanis continued to show rising trend as $5,786.89 million was received in eight months (July-February period) of the current fiscal year, showing an increase of $868.26 million, or 17.65 percent, from $4,918.73 million of the same period of last fiscal year. This amount includes $1.0 |
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10-Mar-2010 |
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The Economic Co-ordination Committee (ECC) of the Cabinet has approved import of 0.4 million tons of urea, and directed the Trading Corporation of Pakistan (TCP) to make immediate arrangements through Karachi port for the Kharif season 2009-10. The ECC meeting, chaired by Prime Minister Yousaf Raza Gilani, also approved |
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10-Mar-2010 |
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Pakistan is to allow Chinese Geological Survey to explore oil, gas and other minerals on its soil after formal approval of the Federal Cabinet, and signing of Memorandum of Understanding (MoU) with Geological Survey of Pakistan (GSP), official sources told. |
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10-Mar-2010 |
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The government has decided to replace the incumbent Chief Executive Officers (CEOs) and Boards of Directors (BoDs) of eight public sector enterprises (PSEs), some of which are near bankruptcy, sources in Finance Ministry told. |
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09-Mar-2010 |
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President Asif Zardari and Prime Minister Yousuf Raza Gilani could not agree on the appointment of Shaukat Tarin replacement despite a stern warning from the Ministry of Finance that the absence of the head of Ministry of Finance with right credentials could possibly result in a delay in the |
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09-Mar-2010 |
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The Pak-Arab Refinery (Parco) has declined to provide jet fuel to Pakistan State Oil (PSO), on credit, for export to the US-allied forces operating in Afghanistan. According to sources, PSO owes Rs 67.6 billion dues to all local oil refineries on account of fuel supply. |
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09-Mar-2010 |
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The Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Tuesday (today) with Minister for Petroleum and Natural Resources, Syed Naveed Qamar, in the chair will allow the Ministry of Ports and Shipping to hire a dredging firm to deepen and widen Port Qasim navigation |
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08-Mar-2010 |
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The government may fix revenue collection target for 2010-11 at Rs 1,711 billion, against Rs 1,380 billion for current 2009-10, reflecting an increase of Rs 311 billion. Sources told that the projected figure of Rs 1,711 billion has been given in the Medium-Term Fiscal Framework (2011-2013). |
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08-Mar-2010 |
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Pakistan and the United States are scheduled to hold the next round of strategic dialogue towards the end of the current month, in Washington, with acquisition of civil nuclear technology and military to military co-operation on top of Pakistan agenda. |
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08-Mar-2010 |
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The Securities and Exchange Commission of Pakistan (SECP) has issued draft of comprehensive amendments in the Securities and Exchange Commission (Insurance) Rules, 2002 to revise solvency requirements of insurance companies and specify guidelines on investment of such undertakings. |
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05-Mar-2010 |
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The State Bank of Pakistan has given green signal to the two banks for commencing due diligence for the acquisition of Royal Bank of Scotland (RBS). The SBP has allowed Faysal Bank and Egypt EFG-Hermes to conduct due diligence on RBS Pakistan operations. The RBS has put on sale |
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