Javed Mahmood And Erum Zaidi

  • TKARACHI - Once again the phobia of dollarization has emerged in the country, prompting speculations that dollar is set to reach Rs90 in the open market in coming days, The Nation learnt. On Thursday, the dollar-rupee exchange rate was being traded close to Rs84 as importers and investors have ...

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  • TKARACHI - The federal governments decision of linking the opening of a new bank account with the provision of National Tax Number (NTN) has been termed as infeasible and impracticable by the banking and private sector experts, The Nation learnt. In the new budget for 2009-10, the federal government ...

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  • TKARACHI - The Federal government and the national economy of the country are suffering billions of rupees losses every day due to long march and political bedlam that have paralysed routine business and foreign trade in most of the parts of the country except Sindh province. Details gathered by The ...

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  • TKARACHI - Devaluation in the value of rupee against the US dollar has ballooned the wallets of the exporters during the first seven months of the ongoing fiscal year. Details gathered by The Nation showed that in 2007-08 the average dollar-rupee exchange rate stood at 61 rupees during July-January ...

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  • TKARACHI - The one-year moratorium announced by the central bank for the exports-led industry has disappointed the borrowers as the banks have warned them that the moratorium would spoil their image, record and it could block their new loans in future, The Nation learnt. "If you get moratorium the ...

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  • TKARACHI - Pakistan government is unlikely to offer 26 per cent shares of National Bank of Pakistan at throw away price to a Chinese bank, The Nation learnt. In a bid to attract foreign investment and foreign exchange the PPP government negotiated the sale of the shares of the state-run and the ...

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  • TKARACHI - The Ministry of Finance has set six months deadline to wipe out Rs150 billion worth circular debt of Pakistan Electric Power Company (PEPCO). This decision would ensure a smooth sailing of the power sector that would further minimise the agony of loadshedding throughout the country. Prime ...

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  • TKARACHI- Trade deficit of Pakistan has widened to 8.736 billion dollars during the five months of current financial year (July-Nov) FY09 as compared to 7.264 billion dollars on account of sustained rise in imports. In percentage, the trade deficit increased by 20.27 percent in first five months of ...

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  • TKARACHI - Scores of the account holders of the banks, who drew billions of rupees from the banks a few days ago amid fear of default, have rushed back to the banks to deposit money back into their accounts, The Nation learnt on Wednesday. Bankers disclosed that during the past few days, numerous ...

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  • TKARACHI - The mark-up rate for personal loans had reached the highest ceiling of 26-29 per cent in this financial year, The Nation learnt. In 2007-08 the domestic banks were offering personal loans at 18-22 per cent, but in August the mark-up rate for the issuance of personal loans had been ...

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  • TKARACHI - Most of the real estate dealers are claiming that it was the right time to make investment in the property as the prices are on the lowest and affordable side and there are strong chances of upsurge in prices at the end of this calendar year. The real estate dealers said that the ...

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  • TKARACHI - The domestic banks are not in a position to meet the annual budgetary borrowings requirement of the federal government, The Nation learnt on Tuesday. In 2007-08 the federal government had borrowed a record amount of 690 billion rupees through the State Bank of Pakistan to fulfil fiscal ...

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  • TKARACHI - A team of the International Monetary Fund is scheduled to arrive in Pakistan on May 16 (Friday) to discuss the new budget with the federal government and to take a stock of the economy of the country that had shown slippage in most of the key-economic targets in FY08, The Nation learnt on ...

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