Pakistan Observer

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Wednesday, December 02, 2009, Zil`Hajj 14, 1430

 
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Business News
 
Balochistan to get boost from 10pc profit on oil, gas projects

Islamabad—Under the newly announced Balochistan package, the province will get 10 percent of the net profit from each successful oil and gas find, ensuring thereby a substantial boost to its economy. In an addition to the profit share, the package envisages other economic uplift measures for the country’s largest but least populated province.

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PIA to start post hajj flights from today

Amanullah Khan

Karachi—The national airline will start return flights of hajjis from tomorrow december 2, as PIA team at Jeddah has completed preparations for the return journey of over 127,000 Hajjis from Saudi Arabia on completion of holy pilgrimage, according to dispatch from Jeddah.

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SCCI against power, petro price rise

Peshawar—President Sarhad Chamber of Commerce and Industry (SCCI) Riaz Arshad has termed increase in the electricity and petroleum prices as detrimental for the economy of the country and especially for the war hit Province of NWFP. In a press statement issued here on Tuesday, Riaz Arshad said that increase in power prices by PESCO would prove fatal for the crumbling economy of the Province.

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Overseas Pakistanis Forum in Dubai on Dec 6

Islamabad—Overseas Pakistanis Forum would be held in Dubai on December 6, aimed at reaching out this community, listen to them and evolve strategies that provide solutions. Minister for Overseas Pakistanis, Dr. Farooq Sattar is expected to chair the first session of Overseas Pakistanis Forum.

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Sugar crisis turns tirade against govt

Monitoring Report

FROM the busy and bucolic scene in this Punjab province village, it is hard to tell that Pakistan is in the throes of a national sugar crisis. Fields of tall green cane line the roads, and flatbed trucks piled with ripe stalks head for a modern mill that steadily crushes tons of cane into refined white crystals.

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Forex FOREX RATES
USA 83.55 83.35
UK 137.38 137.05
Euro 125.45 125.15
Canada 79.16 78.97
Switzerland 83.18 82.98
Australia 76.42 76.24
Sweden 11.97 11.94
Japan 0.9581 0.9558
Norway 14.73 14.69
Singapore 60.36 60.22
Denmark 16.86 16.82
Saudi Arabia 22.28 22.23
Hong Kong 10.78 10.75
China 12.24 12.21
Kuwait 293.17 292.47
Malaysia 24.64 24.58
Newzealand 59.97 59.83
Qatar 22.95 22.89
UAE 22.75 22.69
KR WON 0.0719 0.0717
Thailand 2.514 2.508
 

 

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