Tag Archive
SBP raises 2009/10 fiscal deficit forecast
KARACHI: The State Bank of Pakistan (SBP) raised on Monday its fiscal deficit forecast for the 2009/10 (July-June) fiscal year to between 5.0 percent and 5.5 percent of gross domestic product (GDP). That compared with the SBP''s previous forecast of 4.7-5.2 percent of GDP for the fiscal year. In a quarterly report on the... »
New act to give new industrial zones 10-year tax relief
PESHAWAR: Minister of State and Chairman Board of Investment Saleem H. Mandviwalla has said that a new Special Economic Zone (SEZ) Act is being introduced according to which new industrial zones would be exempted from tax for the period of ten years »
Stronger dollar, profit-taking boost Asian shares
HONG KONG: A bout of bargain-hunting and a stronger dollar boosted sentiment in Asia on Friday with stock markets higher during a quiet trading day. The greenback was given a lift against the troubled euro in New York on Thursday as dealers ran for the safe haven unit after Athens warned it might go... »
Foreign investment keeps KSE afloat 10,000 level
KARACHI: Investment by foreign portfolio investors at Karachi Stock Exchange (KSE) Thursday helped the benchmark KSE-100 Index maintain 10,0000 points level. Today’s trade began at the local share market with positive numbers and the major Index closed at 10,008 points, up 18 points at the closing bell. Buying in fertilizer, textile and cement sectors... »
European stocks wobble on Greek debt fears
LONDON: European stock markets wobbled Thursday on investor unease over ineffectual EU efforts to resolve a debt crisis gripping Greece. European markets lost ground "as investors continued to fret over Greece''s sovereign debt problems," said City Index analyst Joshua Raymond. The mining sector came under particular pressure as the dollar firmed against the euro,... »
World Consumer’s Day: Sindh sans law for shoppers
ISLAMABAD: The World Consumer Rights Day is being observed today with the theme “Our Money Our Rights.” The day was observed in 1983 for the first time in the world with a view to promoting the basic rights of all consumers. »
Consumers Rights Day today
KARACHI: As elsewhere, the ''World Consumer Rights Day'' will also be observed in the metropolis today. To mark the occasion, candles would be lit in front of the Empress market in Saddar here on Monday evening under the auspices of the Consumers Federation. Meanwhile, Huma Bukhari, president of the Consumers Forum, said that the... »
Disney’s WABC still off in Cablevision homes as feud continues
Walt Disney Co.’s ABC, which pulled the signal of its New York City television station WABC-TV from Cablevision Systems Corp. homes in that region early Sunday morning, said it sent a new proposal to the cable company in hopes of reaching a carriage agreement. Cablevision countered that it would be willing to enter... »
Nepra hikes power tariff
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has raised the electricity generation cost by Rs1.02 per unit, terming it a fuel cost adjustment on account of fuel price variation for the month of January 2010. The Authority determined the adjustment in fuel cost component on account of fuel price variation for the month of... »
Asian stocks slide
HONG KONG: Asian stock markets slid Wednesday after a plunge in American consumer confidence magnified worries about the U.S. »
