Amanullah Khan

Karachi —The taxation reforms in the pipeline are aimed at generating additional revenue of Rs400 billion besides providing incentives to the corporate sector including manufacturing sector which has posted a negative growth during 2009. However, in the current situation the automobile sales have shown some improvement in the month of July and August needed special relief in the face of

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Staff Reporter

Karachi—The receivables of Pakistan State Oil (PSO) against, IPPs, GENCOs and other organisations have mounted to Rs 96.7 billion as on September 11, 2009 while it has to pay about Rs 58 billion to refineries and overseas oil suppliers. This was stated by the managing director PSO Irfan Qureshi while talking to newsmen at the iftar at local hotel on Friday evening. He said that about Rs 38 billion were outstanding

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New York—The dollar recovered some of its losses but ended mixed Friday after data showing improvement in US consumer sentiment helped the greenback move up from a nine-month low on the euro. The single European currency fetched 1.4573 dollars at 2100 GMT, against 1.4583 late Thursday in New York. The euro had earlier surged to a nine-month high of 1.4634 dollars. The US currency fell to 90.64 yen,

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London—A slow, smooth recovery from recession would be far better than a rapid bounce, Stephen Hester, chief executive of Royal Bank of Scotland, has said. He told BBC business editor Robert Peston that “a rather gradual emergence from recession” where the economy could “rebalance” was the best way forward. He warned a “spend-not-save” culture could mean further economic downturn. Mr

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Krynica—The massive debt being racked up by the United States to exit recession will thwart growth for decades while its “almost useless” financial sector needs deep reform, a Nobel economist said. I have a gloomy feeling about the American economy over the next couple of decades,” 2006 Nobel Economics Prize winner, Edmund Phelps of the United States, said at Poland’s Krynica Economic Forum,

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Quetta

Muzaffarabad

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