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The Ministry of Commerce (MoC) on Friday notified 'Trade Policy 2011-12', according to which 'positive list' of importable items from India has been expanded further by 18 additional items. The government has also allowed export of liquor to non-Muslim countries.
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The World Bank has proposed to the Federal Board of Revenue to rationalise the number of staff and employees to improve efficiency of the tax administration under reforms. Sources told Business Recorder here on Friday that the WB mission has submitted a report to the FBR on the 'lessons learned from the Tax Administration Reform Project of the FBR'.
Pakistan's equity market witnessed bearish trend during the calendar year 2011 and the KSE-100 index declined by 5.6 percent, or 674.80 points, to close at 11,347.66 points, while average daily volume fell to 13-year low of 79 million shares, the lowest since 1998.
All Pakistan CNG Association on Friday announced that it will observe strike on January 1, 2012 in protest against government's decision of exorbitant hike in CNG prices and imposition of ban on public and commercial vehicles using CNG.
The Oil and Gas Regulatory Authority (Ogra) has clamped immediate ban on the use of compressed natural gas (CNG) in public transport vehicles to prevent deadly accidents, ease gas shortage and improve gas pressure. The decision was taken in a meeting headed by the chairman Ogra here on Friday. The buses that have cylinders on roofs and underneath will be banned. Ban has been imposed after dialogue with the CNG Association.
The KSE-100 index on Friday declined by 88.01 points and closed at 11,347.66 points due to profit taking opted by both local and foreign investors. The market opened on a positive note and the index hit 11,466.22 points intra-day high. However, just after opening the session the investors opted for profit taking and the index dropped into negative to 11,297.77 points intra-day low level.
The KSE-100 index on Friday declined by 88.01 points and closed at 11,347.66 points due to profit taking opted by both local and foreign investors. The market opened on a positive note and the index hit 11,466.22 points intra-day high. However, just after opening the session the investors opted for profit taking and the index dropped into negative to 11,297.77 points intra-day low level.

China Wholesale

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9098.8   Arrow 29.37
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Banking Review 2011


The Wall

ArrowEuro 1.3158
ArrowSterling 1.5815
ArrowSwiss Franc 0.9182
ArrowYen 76.6015
ArrowGold 1740.300
ArrowCotton 96.340
ArrowOil 97.840
Index Closing Chg%
Arrow DJIA 12,862.20 1.23
Arrow Nasdaq 2,905.66 1.61
Arrow S&P 1,344.90 1.46
Arrow FTSE 5,901.07 1.81
Arrow DAX 6,766.67 1.67
Arrow CAC-40 3,427.92 1.52
Arrow Nikkei 8,831.93 0.51
Arrow H.Seng 20,757.00 0.08
Arrow Sensex 17,605.00 0.99

The Rupee

Interbank closing rates for dollar on Saturday.
BuyingRs 90.40
SellingRs 90.45
Rates keep coming down

Annual2010/11
Foreign Debt $59.53bn
Per Cap Income $1254
GDP Growth 2.4%
Average CPI 14.10%
MonthlyDecember
Trade Balance $-2.41 bln
Exports $1.85 bln
Imports $1.26 bln
WeeklyJanuary 26, 2012
Reserves $16.802 bln
ArrowBRIndex-30 9,104.17
ArrowKSE-30 Index 11,258.08
ArrowKSE-100 Index 11,982.62
ArrowLSE-25 Index 3,122.96
ArrowISE-10 Index 2,627.71
ArrowGold Per 10gm 50,914.00
ArrowKCA Spot Rate 5,700.00
ArrowLibor Rate 0.76850

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