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News for Tuesday, 19 Apr 2011

Govt will explore means to raise cotton production

ISLAMABAD - The government plans to explore rain fed (Barani) areas for enhancing cotton cultivation as the All Pakistan Textile Mills Association (APTMA) has offered complete financial support for boosting...

IMF stance troubles investors

KARACHI - Negative signals on the part of IMF added to the nervousness of investors compounding anxiety of various economic and financial issues particularly due to various taxation measures being...

free trade agreement – Pakistan likely to lose more to GCC

KARACHI - Pakistan, all set to sign a Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC), would be at a disadvantage compared to the gulf countries which...

Hafeez Shaikh confident of fresh energy investment

WASHINGTON - Finance Minister Dr Abdul Hafeez Shaikh expressed confidence of new foreign investment flowing into Pakistan's energy sector as he wrapped up four days of meetings with leaders of...

Mutual funds show steady growth

KARACHI - The mutual funds in Pakistan achieved 15 percent growth in the nine months of the ongoing financial year. As far as the performance in different categories is concerned,...

Pakistan set to win GSP plus status

LAHORE - Austrian Ambassador Axel Wech has expressed hope that Pakistan is poised to receive GSS plus status in the next EU-Pakistan summit. The Generalised System of Preferences, or GSP,...

PSM looks for Russian support to boost production

ISLAMABAD - Pakistan would seek Russian assistance to boost production capacity of the Pakistan Steel Mills (PSM) from the present one million tonnes to three million tonnes per annum. This...

Brazil to aid Pakistan in ethanol efforts

ISLAMABAD - Brazil and Pakistan produce huge amount of sugarcane and Brazil will soon establish its industry to help Pakistan in ethanol extraction or production from sugarcane which would bring...

LSE expels two corporate members

LAHORE - The Lahore Stock Exchange (LSE) has decided to expel Khalid Javed Securities and HSZ Securities, corporate members of the Exchange on account of filing of winding up petition...

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