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  Saturday, May 10, 2008, Jamadi-ul-Awwal 3, 1429    

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Business News

PTA cuts down mobile termination rates

Islamabad—The Pakistan Telecommunication Authority (PTA) Friday reduced Mobile Termination Rates (MTR) by around 30 percent. The Authority announced the cost-based interconnection (termination) charges for fixed-line as well as cellular mobile operators would be effective from June 1.

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Argentina keen to invest in dams, tourism sectors: Ashraf

Observer Report

Islamabad—Ambassador of Argentina to Pakistan , H.E Rodolfo Martin Saravia called on Federal Minister for Water and Power and Tourism, Raja Pervez Ashraf here today and discussed matters of mutual interest especially investment possibilities in water, power and tourism sectors to further strengthen the economic ties between the two countries.

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OCAC clarifies on refineries pricing formula

Islamabad—The Oil Companies’ Advisory Committee (OCAC) on Friday termed the news reports appearing in press recently on the subject of “refineries’ pricing formula,” as misleading and contrary to the factual situation. “These reports are misleading and do not reflect situation,” says a press release from the Oil Companies’ Advisory Committee (OCAC).

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Govt to provide growth environment for IT

Islamabad—Federal Minister for Information Technology and Telecommunications Qamar-uz-Zaman Kaira has said that government is committed to providing an enabling environment for an accelerated growth of IT, human resource and industry.

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Rupee devaluation to have negative impact on industry

Lahore—The present devaluation trend of the Pak rupee is creating panic among trade and industry quarters in the country. PPP leader Samiullah Durrani in a statement here Friday said that this trend must be arrested immediately otherwise it will be disastrous for the national economy, and asserted that the State Bank of Pakistan is not playing its due role to control the situation.

full story»  

More Business News

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Software piracy reduction accelerates development

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FPCCI denies report for closing down its R&D cell

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HP expands virtualization capabilities of servers with industry support

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Pakistani mills seek goods worth $4.9 m from Dan River

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Every citizen should play role for conservation of energy: Ijaz

 
Forex FOREX RATES
US Dollar 67.50 68.00
UK Pound Sterling 131.40 131.60
Australian Dollar 63.40 63.60
Bahrain Dinar 178.60 178.70
Canadian Dollar 66.65 66.85
China Yuan 9.60 9.70
Danish Krone 13.86 13.96
Euro 104.20 104.40
Hong Kong Dollar 8.58 8.68
Indian Rupee 1.65 1.70
Japanese Yen 0.651 0.656
Kuwaiti Dinar 252.60 252.85
Malaysian Ringgit 20.70 20.80
NewZealand $ 51.70 51.90
Norwegians Krone 13.15 13.25
Omani Riyal 174.95 175.05
Qatari Riyal 18.50 18.60
Saudi Riyal 17.97 18.02
Singapore Dollar 49.15 49.35
Swedish Korona 11.14 11.24
Swiss Franc 64.35 64.55
Thai Bhat 2.05 2.10
U.A.E Dirham 18.37 18.42
 
Bullion BULLION RATES
KARACHI:
Gold Tezab  19585.00
Silver Tezabi  355.70
LAHORE:
Gold Tezabi  18690.00
Gold 22 CT  17132.00
Gold 21 CT  16354.00
Silver Tezabi  360.00
Silver Thobi  347.25

 

 

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