Pakistan Observer

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Monday, July 13, 2009, Rajab 19, 1430

 
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Business News
President for power supply to industry on top priority

Lahore—President Asif Ali Zardari and Prime Minister Syed Yusuf Raza Gilani taking serious notice of power load shedding have directed the Ministry of Water and Power to provide proper power supply to industrial sector on top priority and ensure well planned load shedding in all important commercial areas across the country.

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3,161 MW electricity to be added in system by Dec end

Islamabad—The government has prepared a comprehensive plan to include additional electricity of 3,161 MW in the system by the end of December 2009 to overcome power supply and demand gap.

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Flora model farms being established for export oriented flowers industry

Islamabad—Flora model farms are being established in various cities of the country with the support of PHDEB on around 1000 acres land to promote export oriented flowers industry aimed at earning millions of dollars per annum by increasing export to UAE, Saudi Arabia and European Union beside others.

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Bhasha Dam construction top priority: Minister

Islamabad—The government will provide foolproof security to contractors, consultants and the work force at the site of Diamer Bhasha Dam project and all possible steps are being taken for this purpose. Federal Minister for Water and Power, Raja Pervez Ashraf said while talking to APP regarding the issue of security for contractors and others at Bhasha Dam project being constructed in the area of NWFP and Northern Areas.

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Textile industry needs special package for revival: Masud

SHR Jahfery

Islamabad—Government has declared year 2009 as the year of industrial revival, but federal budget 2009-10 did not spell out any detailed plan to revive industrial sector including textile industry. The government should work out a special package for the quick revival of textile industry, which was the backbone of exports. Mian Shaukat Masud, President, Islamabad Chamber of Commerce & Industry (ICCI) demanded this in a statement here Sunday.

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Forex FOREX RATES
USA 81.70 81.50
UK 132.36 132.03
Euro 113.83 113.55
Canada 70.00 69.83
Switzerland 75.19 75.01
Australia 63.62 63.47
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Japan 0.8832 0.8811
Norway 12.54 12.51
Singapore 55.86 55.73
Denmark 15.29 15.25
Saudi Arabia 21.79 21.73
Hong Kong 10.54 10.52
China 11.96 11.93
Kuwait 283.93 283.23
Malaysia 22.84 22.78
Newzealand 51.27 51.15
Qatar 22.44 22.38
UAE 22.24 22.19
KR WON 0.0639 0.0637
Thailand 2.396 2.390
 

 

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