Karachi, October 18, 2012 (PPI-OT): State Bank of Pakistan has conducted TBill auction on Wednesday in which PKR 477.67 billion worth of bids were received out of which PKR 182.03 billion were accepted. According to Alfalah Securities Limited, the cut-off yield of 3M paper decreased only slightly by 0.0908% to …

Lahore, October 18, 2012 (PPI-OT): The Pakistan Water and Power Development Authority (WAPDA) Chairman Raghib Shah has said that the water sector projects are vital for socio-economic development in the country, particularly backward and remote regions such as Federally Administered Tribal Areas (FATA). He expressed these views in a meeting …

Karachi, October 18, 2012 (PPI-OT): NBP has the fastest growing overseas correspondent base for home remittances. In just around two years time NBP has made alliances with almost all leading Financial Institutions/Money service Business providing remittance services, for facilitation of overseas Pakistanis across the globe. “NBP’s focus has always been …

Lahore, October 18, 2012 (PPI-OT): The Chief Executive Officer of Drug Regulatory Authority of Pakistan (DRAP) Arshad Farooq Fahim has said that all contract manufacturers in pharmaceutical industry has been given legal cover besides extending their validity till the announcement of new policy due on December 31, 2012. Arshad Farooq …

Karachi, October 18, 2012 (PPI-OT): Pakistan has decided to allow import of goods excluding the negative list from India through Wagha land route. According to Alfalah Securities Limited, the negative list is prepared to protect the local industries from the influx of products which may make the local producers noncompetitive.

Karachi, October 18, 2012 (PPI-OT): The Ministry of Petroleum and Natural Resources has put up a proposal to Economic Coordination Committee to restart gas supply to the fertilizer industry as reported in the local newspaper. According to Alfalah Securities Limited, this decision would be taken to promote agriculture in the …

Lahore, October 18, 2012 (PPI-OT): Etihad Airways, the national airline of the United Arab Emirates, is named as the Official International Airline of the 4th Fashion Pakistan Week (FPW) for October 21st to 23rd at Pearl Continental Hotel, Karachi. Fashion Pakistan is the country’s pioneer and largest platform that provides …