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News for Monday, 12 Dec 2011

KCCI demands inclusion of KESC high ups in ECL

Furious industrialists of Karachi have, in unison, demanded government to include names of Karachi Electric Supply Company’s high officials in Exit Control List (ECL) to avoid fly of money, the...

SBP licenses Silkbank for Islamic banking

Silkbank Limited has been granted a license by the State Bank of Pakistan (SBP) to commence its Islamic banking operations in Pakistan. It is a result of strong financial growth...

Fauji Fertiliser slumps under urea price drop, development cess

Amid all the noise of possible reduction in urea prices and imposition of Gas Infrastructure Development Cess (the cess), the stock of Fauji Fertiliser Company Limited (FFC) has lost its...

fund release delay Textile Standing Committee expresses reservation

National Assembly Standing Committee on textiles industry expressed strong reservations over delay of release of funds by finance division to the ministry, with members of the committee stating that it...

‘Not everything’ wrong in power sector

There has been a lot of outcry in the media that the current government and ministry of power have done nothing to overcome electricity shortage. Though, the country faced load...

Pakistan macro statistics: pointing towards headwinds

Federal Bureau of Statistics (FBS) released country’s trade prints for the first five months of FY12. As per the data released, Pakistan registered an export growth of 7.64per cent YoY...

ECC allows 200,000 tonne urea import for Rabi crop

Economic Coordination Committee (ECC) decided to allow import of 200,000 tonnes of urea for Rabi crop of 2011-12 and constituted two committees on the summaries moved by ministry of industries...

Durrani terms PM’s new province statement a conspiracy

Former federal minister Senator Muhammad Ali Durrani has said that the statement of the prime minister is conflictive with the constitution of Pakistan and is a heinous conspiracy against the...

Fertiliser sector mutes optimism, KSE ends flat

The benchmark KSE-100 index closed flat (gaining 0.1 per cent) after rallying as much as one per cent earlier in the day. Market opened on a positive note on the...

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