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Islamabad, June 20, 2012 (PPI-OT): The President of Islamic Republic of Pakistan has summoned the session of the National Assembly on 22nd June, 2012 at 5:30 p.m. in the Parliament House, Islamabad for election of the Prime Minister. The nominations of the candidates for the Premiership duly signed by the …
Read More »Administrator returns from Istanbul
Karachi, June 20, 2012 (PPI-OT): KMC Administrator Muhammad Hussain Syed on Wednesday returned Karachi after four day visit to Istanbul (Turkey). Prominent industrialist Sardar Yasin Malik, Siddique Shaikh of Karachi Chambers of Commerce and Industry and other members of KCCI accompanied him during this visit. After arriving in Karachi Administrator …
Read More »Metropolitan Commissioner meets Mehdi Hasan’s sons
Karachi, June 20, 2012 (PPI-OT): The late legendary singer Mehdi Hasan’s sons Tariq Hasan, Arif Hasan and Kamran Hasan called on Metropolitan Commissioner Matanat Ali Khan to thank KMC for making excellent arrangements for the funeral and burial of their father. MC Matanat Ali Khan paid tribute to great singer …
Read More »Karachi Metropolitan Corporation to complete 1st Phase of Shahabuddin Market in 15 months
Karachi, June 20, 2012 (PPI-OT): Metropolitan Commissioner Matanat Ali Khan said that the shops on mezzanine and ground floor of Shahabuddin Market Saddar would be sold under Public Housing Scheme. He said this while chairing a meeting on Shahabuddin Market. The meeting was attended by Senior Director Transport and Communication …
Read More »Upto Rs5 million Clean Credit Card and Personal Loan limits allowed to Prime Customers of banks/ Development Finance Institutions
Karachi, June 20, 2012 (PPI-OT): The State Bank of Pakistan (SBP) has allowed banks / Development Finance Institutions (DFIs) to assign clean credit card and personal loan limits up to a maximum of Rs. 5 million with a sub-limit of Rs. 2 million on clean personal loans to their “Prime …
Read More »Morning Buzz for June 19, 2012 – MR Securities
Karachi, June 19, 2012 (PPI-OT): REPAYMENT OF SBA’S THIRD INSTALLMENT TO IMF LATER THIS MONTH According to MR Securities, Pakistan is scheduled to repay the third instalment worth $107 million of the Stand-By Arrangement (SBA) to International Monetary Fund (IMF) in the last week of this month. DOMESTIC DEBT SERVICING: …
Read More »AKD Quotidian about — May’12 CA widens by 50% MoM
Karachi, June 19, 2012 (PPI-OT): The May’12 Current Account deficit has come in at US$414mn, widening by 50.5%MoM. According to AKD Securities, as a result, the 11MFY12 CA deficit has registered at US$3.77bn vs. a deficit of just US$79mn in 11MFY11.The expansion in CA deficit is primarily due to wider …
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