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Archive for  December 2012

  • The Indian rupee rose on Tuesday on the back of inflows from Bharti Infratel's initial public offering and expected dollar sales from a share sale by state miner NDMC, but data showing a high trade

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  • The South Korean won hit a 15-month high on Tuesday, getting a boost from inflows into local stock and bond markets, while the Indonesian rupiah eased on dollar buying by local businesses. Emerging Asian currencies

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on Australian and New Zealand dollars hold multi-week peaks

    The Australian and New Zealand dollars held close to multi-week highs on Tuesday, drawing support from expectations of fresh US economic stimulus measures, though investors kept a wary eye on developments in Italian politics. The

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  • The yuan closed nearly flat on Tuesday, as apparent central bank intervention fuelled a revival of demand that kept the exchange rate consistently clear of its top-side limit for the first day in more than

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on Banks asked to facilitate public in exchanging Rs 5 note

    The State Bank of Pakistan (SBP) has asked all banks operating in the country to issue necessary instructions to their branches to facilitate the general public in exchanging demonetised Rs 5 banknote by the end

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on KCCI urges Spanish envoy to invite investors

    President Karachi Chamber of Commerce and Industry (KCCI), Muhammad Haroon Agar urged the Ambassador of Spain Javier M. Carbajosa Sanchez to invite Spanish investors to invest in renewable energy solutions as Spain is one of

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on Sale of Swat-made cosmetics: FBR asked to respond to nearly Rs 6 billion fraud in CED/FED

    Federal Tax Ombudsman Secretariat has sent a notice to the Secretary, Revenue Division/Federal Board of Revenue (FBR) to forward comments on a complaint filed by Transparency International Pakistan against FBR relating to a fraud of

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  • A woman lost her life while her two children sustained injuries when roof of their house caved in due to gas cylinder blast in Nari Paos area of the district on Tuesday morning. According to

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on Port Qasim announces night navigation facility

    Port Qasim, which already has the distinction of being the deepest Port in Pakistan Offering ISM draft, from November 15 has added another feather in its cap of historic achievements by also being the first

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    • News Desk
    • Dec 12th, 2012
    • Comments Off on Partly Facetious: Shahbaz Sharif: a rangeela at heart?

    "Name calling is gathering momentum as elections are nearing." "The speeches I heard during the last four and half years all had an element of name calling." "As if dictators don't give derogatory names to

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