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News for Thursday, 26 Jan 2012

Junejo replaced as chairman Network Microfinance Bank

Khair Mohammad Junejo is no longer the chairman of Network Microfinance Bank (NMFB) as the entire management of the bank has been changed, it emerged. According to industry sources, Junejo,...

SAFE to hold IPO readiness roundtable

South Asian Federation of Exchanges (SAFE) is pleased to announce the holding of the “IPO Readiness Roundtable” for the representatives of the potential IPO companies in Pakistan and some prominent...

Index loses 65 points as correction sets in

The market correction trend continued into its third consecutive session as the KSE-100 index closed 65 points down to finish the day at 11,883 points. The market did have its...

Falling prices fail to attract people

The prices of pulses, sugar and other kitchen items have contracted amid dull consumer market activities on the back of what the retailers said politico-economic uncertainties in the country. According...

KCCI stresses need of promoting ICT applications

Karachi Chamber of Commerce and Industry’s President Mian Abrar Ahmad has asserted upon the need to take maximum advantage of information and communication technology to explore market access of countries...

TDAP gets best organiser award in trade fair of China

Trade Development Authority of Pakistan (TDAP) got the best organiser award for 12th western China international trade fair held in Chengdu from 18-22nd October 2011. According to TDAP, Pakistan...

LPG prices to continue upward surge

LPG prices are expected to increase by at least Rs9 per kilogram from next month as a result of a sharp increase in Saudi Aramco Contract Price. Saudi Aramco Contract...

Forex reserves dip to $16.802 billion

The country’s foreign exchange reserves are constantly decreasing and contracted by $99 million or 0.5 per cent during the week ended on January 20. According to State Bank of Pakistan,...

Pakistan, India finalise NTB removal agreements

Indian Joint Secretary for Commerce Arvind Mehta said Pakistan and India have finalised three agreements to remove Non-Tariff Barriers (NTBs) presently billed as obstruction for Pakistani exports to India. Indian...

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