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Karachi: FDI declines by 40.7 percent to $593.9 million
According to MR Securities,
The foreign direct investment (FDI) dropped by a whopping 40% to $593.9 million during the first seven months (July-January) of the current fiscal year from $1.0 billion in the same period last year.
KSE to consider enhancing upper, lower limits to 7.5pc
The Karachi Stock Exchange is considering enhancing limits of one-day maximum fall and increase in each of the individual shares to 7.5 percent from five percent at present, and also rationalizing weight of individual companies in its benchmark 100-share index. They also announced to have increased the limit of Investors Protection Fund (IPF) to Rs75 million from Rs25 million per broker.
WTO body authorizes EU to give concessions to Pakistan
After developing consensus by the Council on Trade in Goods of the World Trade Organization (WTO), the request of the European Union (EU) to provide unilateral market access to Pakistan at zero duty was forwarded by the Committee.
Pakistan, India sign three trade agreements
The two sides signed agreements including Customs Cooperation Agreement, Mutual Recognition Agreement and Redressal of Trade Grievances Agreement to build confidence of the business community on both the sides.
FBR officials asked to meet ambitious revenue collection target
Mumtaz Haider Rizvi, chairman of the Federal Board of Revenue (FBR), on Wednesday has stressed upon senior FBR officials to ensure materialization of the envisaged revenue target of Rs1,952 billion set for the current fiscal year.
Oil consumption down by 11pc
Oil consumption in the country declined by 11 percent in January 2012 to 1.46 million tons against 1.64 million tons in January 2011
Malaysia may increase investment in power; keen to invest in Pakistan
Malaysian investors have expressed interest in enhancing investment in hydropower projects as well as putting money in coal-fired power generation and infrastructure development in Pakistan.
Turkey eyes joint ventures in steel
A Turkish steel industry assessment mission will visit Pakistan in early March this year to have firsthand knowledge about available business and investment opportunities and to hold meetings with the local steel industry for initiating joint ventures.
Iraq offers oil on deferred payment: talks soon, says Dr Asim
The government is going to start negotiations with Iraq for import of petroleum products on deferred payment: Dr Asim Hussain Prime Minister’s Special Advisor for Ministry of Petroleum and Natural Resources.
Energy sector: Germany ready to provide all possible assistance: CG
Dr Tilo Klinner, Consul General of Germany, said that Germany is ready to provide all possible assistance to Pakistan in energy sector in order to overcome its ongoing energy crisis.
POL prices: speaker constitutes committee
National Assembly Speaker Dr Fehmida Mirza has constituted a Special Committee to review the present prices of petroleum products, to report within a week, as demanded by the opposition during negotiations on the 20th Constitutional Amendment.