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News for Saturday, 21 Jul 2012

OGRA’s LPG hearing results in ‘death threats’

The Oil and Gas Regulatory Authority (OGRA) convened a hearing here today to review its LPG pricing formula under the directions of the Lahore High Court. The hearing degenerated into...

No bank branches on our soil, But we sure do need your oil

India’s home ministry has refused to allow three Iranian banks to open branches on Indian soil because of concerns about money-laundering and terror financing, a report said on Friday. The move...

Zakat exemption limit sees 17pc cut to stand at Rs 51,086

The salaried class, who are the worst hit by the persistent double digit inflation, would see their Zakat exemption limit shrinking by 17 percent this year. To be deducted by the...

Balochistan musters World Bank’s attention

The World Bank has announced the approval of US$ 5 million grant for the Khyber Pakhthunkhwa, Federally Administered Tribal Areas and Balochistan Multi Donor Trust Fund (MDTF) and for the...

Old Macdonald can now have a farm in Pakistan

After a three-year gap the banks have surpassed the agriculture credit disbursement target during FY12 by loaning Rs 293.8 billion to the agriculturists during July-June of last fiscal year, the...

S & P affirms Pakistan long-term rating at ‘B-’; outlook stable

Standard & Poor’s Ratings Services Friday affirmed its ‘B-’ long-term sovereign credit rating on Pakistan. The outlook on the long-term rating remains stable. Standard & Poor’s also affirmed its ‘B-’...

DHA Sports Club brings exciting cricket in Ramadan

DHA Sports Club, in an attempt to captivate the hearts of cricket lovers, has collaborated with Advance Telecom, to organize yet another thrilling Night-Cricket Tournament, called the “Advance Telecom 2nd...

Olympic bid lifts Murray after Wimbledon tears

Andy Murray insists the prospect of returning to Wimbledon to compete for an Olympic medal has eased his heartache in the aftermath of his emotional final defeat against Roger Federer....

Flame makes dramatic entrance to London

The Olympic flame makes a dramatic arrival in London on Friday to tour the capital before it plays a starring role in the opening ceremony in one week's time. A...

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