WASHINGTON, March 20 (APP): Pakistan received 6.1 $ billion in remittances in 2007, recording an increase of almost one billion dollars from the preceding year, according to the World Bank’s new Migration and Remittances Factbook 2008, released Wednesday.
SINGAPORE: Oil soared to new highs of 112 dollars in Asian trading Monday as the US currency slumped to a fresh low against the euro, sparking a rush of funds into commodities including crude, dealers said.
The contract closed Friday during floor trading at the New York Mercantile Exchange at 110.21 dollars a barrel.
Web pioneer leaving London after getting reported tax breaksÂ
ROLLE, Switzerland: Yahoo Inc. said Thursday it is moving its European headquarters to Switzerland from London.
The Internet pioneer from California said it will move to a site on the shores of Lake Geneva within 18 months.
The move is “part of our ongoing international business strategy to increase […]
KARACHI, Mar 11:Â State Bank of Pakistan (SBP) has taken notice of irregularities committed by certain banks while pursuing the refund of income tax and sales tax to the beneficiaries.
The SBP, in its circular addressed to the Chiefs of all banks, here Tuesday said it has come to the Central Bank’s notice that some of […]
ISLAMABAD: Pakistan’s economy during July-February of 2007-08 has amassed a huge $12.43 billion trade deficit, with imports at $24.14 billion and exports only $11.707 billion, according to Federal Bureau of Statistics. Running a high trade deficit throughout the year, with imports twice the exports, presents a great challenge for the country’s economy.
Experts believe that increase […]
LAHORE: Lahore Stock market witnessed bearish trend on Monday as LSE-25 index lost 90.86 points to settle at 4814.97 points as compare to previous working day (Friday)’s 4905.83 points.
The total turnover also showed the declining trend as it remained 17.463 million shares as compared to the previous volume of 23.098 million shares showing a difference […]