Karachi: Engro Corporation in a recent notice to Karachi Stock Exchange has stated that the Government’s Excise department had earlier abandoned urea shipments from their wholly owned subsidiary Engro Fertilizers despite of no excise duty liability. According to Alfalah Securities Limited, however, the government has now directed the Excise department …

Karachi: The State Bank of Pakistan (SBP) has become successful in negotiating a currency swap deal with the Central Bank of the Republic of Turkey (CBRT) under the bilateral Currency Swap Arrangement (CSA) for an amount equal to USD 1 bn. According to Alfalah Securities Limited, the agreement signed under …

Karachi: The Ministry of Petroleum and Natural Resources has prepared a new low BTU gas policy 2011 aimed at encouraging the development of low BTU gas fields which would meet the growing gas demand of the country. According to the new policy, producers would be allowed to import at zero …

Islamabad: Pakistan Telecommunication Company Limited (PTCL) has given five new reasons for customers to have landline services being offered in a variety of value-added packages. Customers can now enjoy ‘Super Sundays’ with unlimited free on-net calls in crystal clear voice transmitted through PTCL’s state-of-the-art network. In addition, customers can also …

Karachi:   Date Offer NAV ABL Income Fund (ABL-IF) Nov 02, 2011  10.1924  10.1924 ABL Stock Fund (ABL-SF) Nov 02, 2011 10.7225 10.4102 ABL Islamic Cash Fund (ABL-ICF) Nov 02, 2011 10.1149 10.1149 ABL Cash Fund (ABL-CF) Nov 03, 2011 10.1383 10.1383   For more information, contact: ABL Asset Management …

Islamabad: The “Deep Depression” (strong weather system) over southwest Arabian Sea has intensified into a Tropical Cyclone (named – KEILA) and now lay centered at Latitude 16.0° N and Longitude 55.0° E. It is likely to hit coast of South Oman during next 24 hrs. None of the coastal areas …

Islamabad: Rural Circle Police Islamabad has nabbed two dacoits from Sihala police station area when they were fleeing after looting away gold ornaments, cash, mobile from a house in Sihala, a police spokesman said here Wednesday. According to details, gun-totting robbers stormed in the house of Zahoor Ahmed in wee …