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News for Saturday, 12 Feb 2011

US trade gap widens in December, swells 33pc in 2010

WASHINGTON: The US trade deficit widened in December to its highest level in four months, the US government said on Friday in a report that also showed the annual trade...

How global warming will alter farming

LAHORE: Pakistan is unlikely to achieve its economic targets in the current fiscal year given the way its agrarian economy has been battered in devastating summer floods. There is mounting...

Car sales surge in January

KARACHI: Cars sales including Light Commercial Vehicles (LCV's) have exhibited a phenomenal monthly rise of 64 percent and reached 8,889 units. This increase is largely driven by a 209 percent...

SBP allows third-party fund transfer facility through PRISM

KARACHI: The State Bank of Pakistan has decided to allow third-party fund transfers through Pakistan Real Time Inter-Bank Settlement Mechanism (PRISM) with immediate effect in order to increase coverage of...

Shamshad’s nomination to PSM board raises eyebrows

The nomination of Shamshad Qureshi as member of the Board of Directors of Pakistan Steel Mills (PSM) has raised questions over government efforts to pull the mills out of the...

Pakistan State Oil loses market share

Pakistan State Oil (PSO) market share has shrunk to 66.3 percent during the first half of Financial Year 2011 (FY11) against its share of 71 percent during the corresponding period...

Revenue shortfall attributed to tax imbalances

KARACHI: The corporate sector in Pakistan is paying the highest rate of income tax in comparison to its counterparts in the region. Corporations in Pakistan are paying income tax at...

Pakistan seeks Japanese assistance in trade and energy

KARACHI: Pakistan would seek Japanese assistance in five broad areas including trade, development, security, energy and institution building during President Zardari's visit to Japan.
The president is likely to visit...

The case for Basant

On paper, the case for (dare one say 'celebrating') Basant is an absolutely convincing one for a number of reasons. So, take a Gallop poll. Check out an e-mail opinion...

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