Karachi, October 22, 2013 (PPI-OT): The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S Dollar Bonds and profit thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E-25 deposits) by the State Bank on October 23, ...

Karachi, October 22, 2013 (PPI-OT): State Bank of Pakistan conducted its Open Market Operations (Injection) in following contracts on Oct 22, 2013. Quotes received & accepted are given below: A: OMO BIDS NO OMO Tenor Bids Range Number of Quotes Offered 1 03-Days (Reverse Repo) 9.35 - 9.14% 21 B: OMO RESULT (Rs. In Millions) ...

Karachi, October 22, 2013 (PPI-OT): Government should form a ministerial task force and an experts’ advisory council on urgent basis to ensure the rights of consumers across the province related to food safety and quality and price control. This was stated by Sharjeel Inam Memon, Sindh Minister for Information, Archive, Commerce and Industries while speaking ...

Islamabad, October 22, 2013 (PPI-OT): Mr. Gulzar Firoz, Acting President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has asked the Sindh Government to pay attention to problems faced by trade and industry in Sindh, in particular the issue of water shortage in SITE Industrial Area while holding a meeting with Mr. ...

Karachi, October 22, 2013 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL), the largest ICT services provider in the country, has announced consolidated revenues of Rs. 100.5 billion for nine months period ended on September 30, 2013. The financial results for the period ended September 2013 were announced today at the Company’s Board of Directors (BoD) meeting ...

Karachi, October 22, 2013 (PPI-OT): The Board of Directors of Indus Motor Company Limited met on October 21, 2013 to review the Company’s financial and operating performance for the first quarter ended September 30, 2013. As per the statement of the BOD, the industry sales of locally manufactured vehicles slightly recovered by 5% to 32,841 ...

Karachi, October 22, 2013 (PPI-OT): President of Pakistan Chamber of Commerce, United States of America (PCC-USA), Khalid Kazi has said that PCC-USA was planning to arrange visit of a 20-member US business delegation to Pakistan in the month of March 2014 but in this regard, no progress has been witnessed so far due to TDAP’s ...