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Karachi: The foreign investment has witnessed a drop of 61% during July 2011 on the back political uncertainties and tense law & order situation. According to Alfalah Securities Limited, the net inflows of foreign investment (FI) stood at USD 62 mn in July 2011 as against USD 157.8 mn in …
Read More »Daily Archives: August 16, 2011
PDL of 10% on LPG likely
Karachi: The Liquefied Petroleum Gas (LPG) policy is expected to be finalized by the Economic Coordination Committee (ECC) on Tuesday. According to Alfalah Securities, Limited Imposition of 10% of Petroleum Development Levy (PDL) is likely on LPG produced through gas processing which constitutes 58% of the total LPG production of …
Read More »Abandoned oil depots of PSO to re-open
Karachi: The decision has been taken by the government to re-open the 4 abandoned oil storage depots of PSO that were closed in July 2008 in order to save PKR0.20 per litre of Inland Freight Equalization Margin (IFEM). These depots are located in Faqirabad, Kotla Jam, Sahiwal and Shershah areas. …
Read More »American Power Conversion Privatisation Commission encourages users to support Authorised Distributors
Lahore: APC by Schneider Electric, a global leader in integrated critical power and cooling services, has lodged support for its authorised distributors in the Pakistan and Afghanistan region, urging customers and APC resellers to do the same. In order to ensure that they purchase the highest quality product with after-sales …
Read More »State Bank committed to develop country’s financial sector: Kamran Shehzad
Karachi: Mr. Muhammad Kamran Shehzad, Deputy Governor, State Bank of Pakistan has said that SBP is fully committed to continue its relentless efforts for the development of country’s financial sector. Speaking at the Flag Hoisting Ceremony held at SBP, Karachi this morning to mark the 64th Independence Day, he said …
Read More »State Bank of Pakistan to utilize large branch network of commercial banks for distribution of fresh currency notes during Ramazan
Karachi: The State Bank of Pakistan (SBP) has decided to fully utilize the large network of over 9,000 branches of commercial banks for distribution of fresh currency notes of all denominations to the general public during the Holy month of Ramazan. For this purpose, SBP Banking Services Corporation (SBP BSC) …
Read More »State Bank asks banks to ensure continuous ATMs service during Ramazan and Eid holidays
Karachi: The State Bank of Pakistan (SBP) has advised all banks to meticulously comply with its guidelines and instructions regarding management of Automated Teller Machines (ATMs) operations in order to ensure continuous availability of ATM service during the Holy Month of Ramazan and Eid‐ul Fitr holidays. Heavy penalties under the …
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