Pakistan Observer

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Wednesday, September 16, 2009, Ramadan 25, 1430

 
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Business News
Govt to facilitate E&P sector: Qamar

Islamabad—Federal Minister for Petroleum & Natural resources Syed Naveed Qamar Tuesday reaffirmed Government’s full commitment to its facilitative role for the E&P sector adding that the upstream oil and gas companies (E&P Companies) will lead the way to securing the energy future of the Country.

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Pak to benefit from Int’l investment conference

Beijing—Pakistan will greatly benefit from its participation in the annual investment conference organized by the China International Fair for Investment and Trade (CIFIT) in Xiamen.This was stated by Joint Secretary Ministry of Textile Industry Arshad Farooq Faheem who was the member of Pakistani delegation that participated in the CIFT organized between Sept 8-11.

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Loadshedding, inflation stalling industrial growth

SHR Jahfery

Islamabad—Load shedding and high inflation were proving a great hurdle in the promotion of industry due to which industrialization process in the country had almost come to a halt and government should take urgent measures to solve these problems. Mian Shaukat Masud while addressing at an Iftar Dinnar hosted by Afsar Khan, President, Traders Welfare Association Food Green General Merchant, Sabzi Mandi, I-11/4, Islamabad in honor of business leaders and traders.

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Self assessment to continue with addition of third party audit

Karachi—Chairman, Federal Board of Revenue (FBR), Sohail Ahmed on Monday assured that Self Assessment Scheme (SAS) will continue. However, FBR may arrange third party audit at random or wherever discrepancies appear in a company’s record/ statements.

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Telecom consumerism gains astronomical growth

THE time has changed and having cell phone is no more a luxury. Today, the mobile phone has marked its place in the list of basic commodities. No matter which class you belong to or which age group your are from, you can find one for yourself in the market with a very nominal price. At present, majority of the population living in big cities is enjoying landline facility; all these factors are an obvious indicator of telecom growth in the country.

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Forex FOREX RATES
USA 82.95 82.75
UK 137.81 137.48
Euro 120.64 120.35
Canada 76.49 76.30
Switzerland 79.83 79.64
Australia 71.09 70.92
Sweden 11.79 11.76
Japan 0.9170 0.9148
Norway 13.93 13.89
Singapore 58.18 58.04
Denmark 16.21 16.17
Saudi Arabia 22.12 22.07
Hong Kong 10.70 10.68
China 12.15 12.12
Kuwait 289.62 288.92
Malaysia 23.70 23.64
Newzealand 57.87 57.73
Qatar 22.78 22.72
UAE 22.58 22.53
KR WON 0.0677 0.0675
Thailand 2.443 2.437
 

 

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