Iran, Pak Sign First MoU on Border Trade
TEHRAN : Iranian and Pakistani officials signed first Memorandum of Understanding MoU between the two countries on border trade. Head of Sistan & Balouchestan’s Trade Organization Iraj Hassanpour said MoU was signed in two countries first joint committee meeting on border trade in Iran’s southeastern Sistan & Balochistan province.
Read moreSBP Buys 94.0Bn rRupees Of Govt Paper
Latest Update News; State Bank of Pakistan (SBP) bought back 94.0 billion rupees ($1.1 billion) of treasury bills and government bonds on Saturday in 9-day reverse-repo contraState Bank of Pakistan (SBP) bought back 94.0 billion rupees ($1.1 billion) of treasury bills and government bonds on Saturday in 9-day reverse-repo contracts at 12.03 percent to inject funds into the money market.cts at 12.03 percent to inject funds into the money market.
Read moreGovt`s Action To Stop Goods Smuggling
The federal government has decided to take action against smuggling of goods under Afghan transit trade.
Read more17.4% Inflation reached
The inflation reached a level of 17.4 percent during the last week in the country. According to Federal Institutes of Statistics, inflation decreased by 0.1 percent till February 11.
Read morePSO Seeks Payment Of Bills From Refineries
Pakistan State Oil has warned the government that it would suspend the supply of furnace oil to power companies, if the latter would not pay the payable amount of Rs88billion. According to petroleum ministry, PSO was to pay around Rs66billion to the oil refineries, while it has to pay Rs18billion to Kuwait Petroleum Company till February 25. The PSO officials have demanded of the government to get it the Rs66billion, and warned that otherwise it would issue the letter of credit default, besides suspending the oil to the refineries.
Read moreOil Products Up by 15% in First Half of Fiscal Year
Oil Products Up by 15% in First Half of Fiscal Year, A 15 percent rise in oil products has been recorded in the first half of the current fiscal year. According to OCAC, around 1.17million tons petroleum products have been used from January 2009 to January 2010
Read moreToyota Recall Models List
Latest News Update Toyota Recall Models List, Toyota Motor Corp said Tuesday its Canadian sales fell 14.8% year over year du ring the month of January, excluding the Lexus brand, as a result of a massive recall that prompted the Japanese automaker to halts sales on eight of its most popular models in North America for most of the last week ofthe month. Including the Lexus brand, Toyota Canada’s total sales were down 10.4%, the company said. Meanwhile, Hyundai Auto Canada Corp
Read moreOil Prices Extend Gains
LONDON : Oil prices rose on Tuesday, building on strong gains won a day earlier in the wake of robust US manufacturing activity and fresh unrest in Nigeria’s key oil-producing region.
Read moreToyota Seeing Sales Hit from Recall
NAGOYA, Japan : Toyota Motor’s unprecedented recall of millions of vehicles with faulty accelerators is already taking a toll on its sales and may force it to cut 2010 sales forecasts.
Read moreBullish Trend in Asian Markets
Bullish Trend in Asian Markets, A bullish trend was witnessed in the Asian markets in wake of improvement in the US markets. The increase in yield of manufacturing sector in the US have a positive impact on the stock markets.
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