Tag Archive
Asian shares lower on Indian rate move
HONG KONG: A surprise rate hike from the Reserve Bank of India triggered fears that other central banks in Asia may step up inflation-fighting efforts, sending shares lower across the region Monday. »
Pak imports crude oil worth $2.46b
KARACHI: The crude oil imports in the country during the first eight months of the current fiscal year dropped 31 percent to $2.46 billion, Geo News reported Monday. According to statistics issued by State Bank of Pakistan (SBP), the imports of the petroleum products during the first eight months of the current fiscal year... »
Phones worth $100m imported in current FY
KARACHI: Mobile phones worth $103 million were imported into the country during the first eight months of the current fiscal year, Geo News reported Sunday. The mobile phones imports are three percent in excess of that of last fiscal year. According to statistics issued by the State Bank of Pakistan (SBP), machinery and products... »
Terror war expands budged deficit by 62%
ISLAMABAD: The budget deficit has expanded up to 62 percent due to expenses over war on terrorism in the current fiscal year, Geo news reported. The cost on security matters has increased by 15% this year as compared to previous one, as claimed by Ministry for Finance on Tuesday. According to Finance Ministry, the... »
Oil steady below $79 as dollar remains firm
SINGAPORE: Oil was steady below $79 as the dollar strengthened on European sovereign risk worries and forecasts for rising U.S. crude and gasoline inventories capped prices »
SBP keeps discount rate unchanged at 12.5pc
KARACHI: The State Bank of Pakistan (SBP) Saturday announced the new monetary policy, maintaining the interest rate to the current level of 12.5 percent. Announcing the fourth monetary policy, Governor SBP Salim Raza said inflation rate was reduced at 10.3 percent during the first quarter of current fiscal year. He said inflationary pressure is... »
vmw
VMware Inc (NYSE: VMW) has been a difficult stock to evaluate for many due to the notion that it is still almost representative of a virtualization tracking stock since EMC Corp.(NYSE: EMC) still owns about 80% of the common stock. But that is not keeping the shares from flying higher after the earnings... »
Notification on hike in power tariff withheld
ISLAMABAD: The notification on raising power tariff by 13.6 percent has been withheld due to difference between government and coalition parties on the issue. Under an agreement with International Monetary Fund (IMF), government has to raise the power tariff by 13.6 percent »
FBR consider Presentive Tax as final payment, demands Ghee Industry
KARACHI: Pakistan Edible/Cooking Oil Industry has demanded Federal Board of Revenue (FBR) to consider the three percent Presentive Tax as final payment which was collected in the beginning of the current year – and that the industry would go to Court if the Board rejects the demand. According to sources, in the current year... »
Rs12b from Advance Tax target received
ISLAMABAD : Federal Board of Revenue (FBR) Chairman Sohail Ahmed said at least Rs12 billion have been received out of Rs20 billion set as the target of Advance Tax till October 15, Geo News reported Saturday. Talking to Geo News, he said Rs263 billion have been received out of Rs270 billion which was set... »
