Karachi, May 25, 2012 (PPI-OT): Federal Board of Revenue (FBR) has attached all bank accounts of Pakistan Mobile Communication Ltd (Mobilink), and has also blocked all imports for the company upon failing to pay the due taxes worth of PkRs 8.6 bn to the exchequer on account of error in …
Read More »PPI Original Text (PPI-OT) – Reserves inch up by 1.3%WoW to USD 16.311 bn – Alfalah Securities Limited
Karachi, May 25, 2012 (PPI-OT): Pakistan’s foreign exchange reserves inched up by 1.29%WoW to USD 16.311 bn in the week ending May 18, from USD 16.103 bn in the previous week. According to Alfalah Securities Limited, the reserves held by the State Bank of Pakistan increased to USD 11.936 bn …
Read More »PPI Original Text (PPI-OT) – Public Sector Development Plan allocation increased to Rs 873 bn for FY13 – Alfalah Securities Limited
Karachi, May 25, 2012 (PPI-OT): National Economic Council (NEC) has approved the Public Sector Development Plan (PSDP) allocation of PkRs 873 bn for FY13 of which PkRs 360 bn would be kept as share of the federal government while PkRs 513 bn would be handed over to provinces. According to …
Read More »PPI Original Text (PPI-OT) – Pakistan repays US$ 394 m IMF‐SBA loan instalment – Alfalah Securities Limited
Karachi, May 25, 2012 (PPI-OT): Pakistan successfully managed to pay the 2nd loan installment of USD 394 mn to the International Monetary Fund (IMF) under its Standby Arrangement program (SBA) which was scheduled to be paid by 25th May, 2012. According to Alfalah Securities Limited, the foreign exchange reserves would …
Read More »PPI Original Text (PPI-OT) – Cement prices jacked up once again by PkRs 10/bag – Alfalah Securities Limited
Karachi, May 25, 2012 (PPI-OT): Cement manufacturers have made another hike in cement prices of PkRs 10 per 50‐kg bag across the country after which the new ex-factory prices of Lucky Cement and Falcon Cement (brand of Attock Cement) have reached to PkRs 412.5 and PkRs 420 per bag respectively. …
Read More »PPI Original Text (PPI-OT) – US Business Forum welcomes signing of Turkmenistan, India and Pakistan pipeline agreement
Lahore, May 25, 2012 (PPI-OT): President American Business Forum (ABF) Salim Ghauri has welcomed signing of TAPI pipeline agreement between Turkmanistan, India and Pakistan to deliver gas through a new pipeline that will transit Afghanistan. The 1,700-kilometre (1,050-mile) TAPI pipeline aims to transport more than 30 billion cubic metres of …
Read More »PPI Original Text (PPI-OT) – Lahore University of Management Sciences features prominently in 100 Business Leaders of Pakistan
Lahore, May 25, 2012 (PPI-OT): The Lahore University of Management Sciences (LUMS) features prominently in the just released compendium ‘100 Business Leaders of Pakistan’. LUMS Pro-Chancellor Syed Babar Ali, Rector Abdul Razak Dawood, and Vice Chancellor Dr. Adil Najam are all featured in the list of 100; the first two …
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