Friday March 12, 2010 
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 Business & Economy[1-10 of 19 stories]
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 Pakistan   |   World  

TIP demands re-promulgation of CCP Ordinance by March 27
KARACHI (March 12, 2010): Transparency International Pakistan has demanded that the Competition Commission of Pakistan Ordinance, 2007 be re-promulgated in its original form before 27th March 2010 and the Prime Minister of Pakistan shall play his role in CCP case in befitting manner.




'Competition law implementation mandatory for economic growth'
KARACHI (March 12, 2010): The Chairman Competition Commission of Pakistan (CCP), Khalid Mirza has said that the implementation of competition law in letter and spirit is necessary for the economic growth in the country. He was speaking at a seminar on "Benefits of competition policy towards economic development, prosperity and competitiveness," jointly organised by the CCP and Management Association of Pakistan (MAP) here on Thursday.




Pak-Afghan trade to be enhanced to $5 billion by 2015: joint declaration signed
ISLAMABAD (March 12, 2010): Pakistan and Afghanistan on Thursday signed a joint declaration to strengthen road, rail and air connectivity as well as upgrade existing facilities linking the two countries to enhance bilateral trade to $5billion by 2015.




Economic uplift, political stability of region: Afghanistan, Iran and Pakistan should evolve joint strategy: Saifullah
ISLAMABAD (March 12, 2010): President Pakistan Muslim League PML-Q like-minded Group Salim Saifullah Khan has urged the leadership of Afghanistan, Iran and Pakistan to evolve a joint strategy for the economic uplift and political stability of the region. While talking to media here on Thursday, he said that only co-operation among these countries would ensure regional peace and eliminate foreign intervention.




Cross-LoC trade touches Rs 100 million
MIRPUR (March 12, 2010): Cross Line of Control (LoC) trade on Poonch-Rawlakot route, has touched the figure of Rs 100 million started from both the sides since October 2008, official sources said. "This is first time in the history of cross-LoC trade that moved up and touching the figure ten crore in an exchange of business," the sources told APP on Thursday.



TDAP to invite international importers
KARACHI (March 12, 2010): Trade Development Authority of Pakistan (TDAP) will invite international importers to visit Pakistan, Chief Executive of TDAP, Syed Mohibullah Shah informed business community. He was speaking at a meeting of Korangi Association of Trade and industry (KATI) here on Thursday.



Federally-funded Sindh government projects: Centre decides to release funds
KARACHI (March 12, 2010): The federal government has decided to release funds to Sindh government for the federally-funded projects after detailed presentation by the concerned administrative department regarding the projects, it is reliably learnt. According to sources, the decision was taken at a meeting recently, which was presided over by Prime Minister Syed Yusuf Raza Gilani.



Rs 3.8 billion being spent on uplift schemes in Faisalabad: DCO
FAISALABAD (March 12, 2010): The participants of 92nd National Management Course for senior bureaucrats, ambassadors and executives national school on public policy visited here and participated in a briefing arranged by DCO/Administrator Saeed Wahlah in his office committee room.



Meeting reviews uplift programme of Tando Jam
HYDERABAD (March 12, 2010): The historic status of Tando Jam, the Taluka Headquarters of Taluka Hyderabad Rural would be restored with rapid development of home-made (cottage industry) so that the residents of the town could get all such facilities being enjoyed by the urban towns and cities of Hyderabad district.



Billionaire from Pakistan: Mian Mansha
NEW YORK (March 12, 2010): Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 percent over the last year, Forbes magazine said on Wednesday.


 
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The Rupee
Interbank closing rates for dollar on Thursday.
BuyingRs 84.25
SellingRs 84.30
Dollar dips
8767.71  109.37
Sectoral Indices 
Market at Close
BRIndex-30 8,770.07
KSE-30 Index 10,448.18
KSE-100 Index 10,025.99
LSE-25 Index 3,189.12
ISE-10 Index 2,479.09
Gold Per 10gm 30,428.00
KCA Spot Rate 5,650.00
Libor Rate 0.39344
World Indices
Index Closing Chg%
DJIA 10,611.84 0.42
Nasdaq 2,368.46 0.40
S&P 1,150.24 0.40
FTSE 5,617.26 0.40
DAX 5,928.63 0.14
CAC-40 3,928.95 0.37
Nikkei 10,751.26 0.81
H.Seng 21,209.74 0.09
Sensex 17,166.62 0.01
NY Closing
Euro 0.731
Sterling 0.6636
Swiss Franc 1.0686
Yen 90.625
Gold 1108.20
Cotton 78.770
Oil 82.11
Economic Indicators
Annual2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
MonthlyJanuary
Trade Balance $-1.62 bln
Exports $1.7 bln
Imports $3.32 bln
WeeklyMarch 04, 2010
Reserves $14.80 bln
 











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