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Tag Archive | "Business News"

Oil prices lower despite OPEC decision, falling US stocks

Wednesday, July 2, 2008

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LONDON: Oil prices eased this week despite OPEC’s decision to hold output levels and news of plunging crude reserves in the United States.

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CNG still being sold at Rs. 52 per kg

Wednesday, July 2, 2008

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KARACHI: People are facing hardship due to the wrong announcement by the government regarding the increase in CNG rates, as most of the CNG stations are still selling it at Rs52 per kilogram. Earlier, the government announced an increase of Rs13 per kg in CNG rates and after passage of 20 hours the clarification was issued [...]

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Prime Minister inaugurates real time gross settlement system at SBP

Wednesday, July 2, 2008

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PM Syed Yousuf Raza Gilani on Tuesday inaugurated Real Time Gross Settlement System (RTGS) enabling banks to settle their large value payments in real time using a computerised network. The inauguration ceremony, held at the State Bank of Pakistan here, was attended, among others, by Sindh Governor Dr Ishratul Ibad, Sindh Chief Minister Syed Qaim [...]

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Deferment of R&D supporting slammed textile sector

Wednesday, July 2, 2008

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The meeting of the Economic Coordination Committee (ECC) here on Tuesday failed to announce Research and Development (R&D) support to the textile sector. Prime Minister Syed Yousuf Raza Gilani chaired the meeting held at the Governor’s House. Informed sources said that the matter had once again been deferred for another two weeks. The prime minister had constituted [...]

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FBR introduces scheme for disclosure of hidden assets

Tuesday, July 1, 2008

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ISLAMABAD: Federal Board of Investment has announced a Tax Investment Scheme to encourage disclosure of hidden assets. Those who want to avail this scheme will have to disclose their assets during July 1 to December 2008. SOURCE : GEO NEWS

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