KARACHI: The State Bank of Pakistan sold 23.1 billion rupees ($360.64 million) of Treasury bills on Saturday under three-day repo contracts at 8.80 percent to mop up funds from the money market. Reuters, 2008
ISLAMABAD: Federal Finance Minister, Ishaq Dar has said that oil prices might further rise before June 30, 2008, as the government was giving subsidies on oil and diesel in the range of Rs17-21 per litre.
Briefing the Senate standing committee for finance here, he said that the financial deficit has shot up to Rs557 billion due […]
KARACHI: Gold fell by Rs107 to close at Rs18,900 per 10 grams in the local market on Saturday as its international price slipped to $ 886 an ounce, market sources said.
Silver closed at Rs.355.70 per 10 grams. APP (Associated Press of Pakistan), 2008
LAHORE: Punjab Assembly (PA) annual budget for the year 2008-09 would be approved on Monday, Apra meeting convened by the Speaker Punjab Assembly Rana Muhammad Iqbal at his office at 11.00am.
Speaker would preside over the meeting, while Deputy Speaker Rana Mashood Khan and Provincial Assembly officials (finance section) would attend it.
A senior official of PA […]
Mumbai, April 26 (IANS) The Industrial Development Bank of India (IDBI) has posted a net profit of Rs.7.4 billion ($185 million) during 2007-08 as compared to Rs.5.8 billion ÃÂn the previous fiscal. According to the audited results announced here Saturday, the bank’s total income increased to Rs.99.6 billion during the year under review […]
London, April 26 (IANS) Indian steel tycoon Lakshmi Niwas Mittal has once again topped the Sunday Times Rich List - the definitive rundown of Britain’s wealthiest people. Mittal and the Hinduja brothers Srichand and Gopichand are the two Indian business conglomerates that dominated the list for 2008 in the midst of a global […]
New Delhi, April 25 (IANS) With the Indian retail industry poised to become a $637 billion sector by 2015, the capital city is emerging as the largest consumer market in the country consisting of a booming middle class. Delhi has the highest concentration of households with an annual income of $110,000 and per […]
Bangalore, April 25 (IANS) India’s leading watch maker Titan Industries Ltd posted net profit of Rs.1.5 billion ($37.5 million) for 2007-08 against Rs.940 million of the previous fiscal, posting a year-on-year (YoY) growth of 60 percent, the company said here Friday. The total sales for the year under review grew by 42 percent […]
Beijing, April 25 (Xinhua) The number of mobile phone subscribers in China has risen to 574 million by March as more fixed-line users switched to mobile services on lower rates, according to the ministry of industry and information. The number was 27.3 million more than it was at the end of last year, the ministry […]
Brussels, April 25 (IANS) The European Commission (EC), the executive panel of the 27-member European Union, cleared the acquisition of the Jaguar and Land Rover business (JLR) of US-based Ford Motor Company by India’s Tata Motors Ltd. The EC announced here Friday that it has granted clearance under the EU Merger Regulation, EuAsiaNews […]