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News for Monday, 18 Apr 2011

Current account balance shows $99 million surplus

KARACHI - Driven primarily by healthy dollar inflows on the back of strong export performance and worker remittances, the country's current account (C/A) balance has shown a $99 million surplus...

Pakistan will look to expedite PTA in JMC session

KARACHI - Pakistan is likely to reaffirm its willingness for a Preferential Trade Agreement (PTA) with Turkey, which will lead to a Free Trade Agreement (FTA), in the forthcoming fourteenth...

Cement exports to India resume after BIS certification

KARACHI - Local cement producers must have breathed a sigh of relief after receiving a green signal from India for exports which, analysts said, were declining. Analysts stated that cement...

‘Pakistan trying to allay Indian concerns on EU concessions’

KARACHI - The Commerce secretary Zafar Mehmood has said that government was trying hard to alleviate concerns of India and other countries over concessions granted by European Union (EU) to...

MoIP urges drastic reforms

LAHORE - "The National Industrial Policy 2011 - Implementation Framework" has recommended drastic changes in the state's approach towards infrastructure and industry. The authors of the critical report have urged...

S&P sees ‘negative’ outlook for US debt

WASHINGTON - Ratings agency Standard and Poor's (S&P) cut the outlook on US sovereign debt to 'negative', sending stocks plunging as it doubted Washington's ability to tackle its huge debt...

Textile sector continues to boost exports

KARACHI - Pakistan's textile sector export in March 2011 exhibited robust growth, augmenting by 44 percent, while the food group posted a 56.4 percent increase compared to the same month...

LCCI mission returns from Bosnia

ALAHORE - Bosnian businessmen have evinced keen interest in purchasing cooking oil, rice, home textiles, garments, leather products, sports and surgical equipment, food items and plastic items from Pakistan. This...

PTA set to slash APC

KARACHI - The decision of Pakistan Telecommunication Authority (PTA) to further slash the rate of Access Promotion Contribution (APC) to zero cents per minute is believed to depress both revenue...

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