Business & Finance

Fahim: Investors to take advantage of investment opportunities in Pakistan

Staff Reporter

Islamabad—Federal Minister for Commerce, Makhdoon Amin Fahim who is currently visiting Dubai had meetings with the delegations from Libya,Togo and Poland on the sidelines of the Annual Investment Meeting in Dubai According to a message received here on Thursday from Dubai during his meeting with the Libyan Minister of Economy, Ahmad Salem Al Koshly the Minister said that Pakistan and Libya enjoy long term cordial relations and the present government attaches great importance to this friendship.

Commercial ties between Pak, S Lanka profitable prospects

Staff Reporter

Islamabad—Statement of the High Commissioner of Pakistan H.E Seema Ilahi Baloch, on the occasion of Made in Pakistan Exhibition 2012, says a press release received here today from Sri Lanka. Pakistan and Sri Lanka have traditionally enjoyed excellent relations. We also need to strive to add more substance to our economic cooperation and benefit from each others’ strengths.

Economic trouble shooters decides to review decisions of NEC

Islamabad—The country’s top economic trouble shooters have decided to review the approved decisions of the National Accounts Committee for setting up GDP growth rate at 3.2 per cent, said an official, requesting anonymity. According to the sources familiar with the development told Online that in today’s (Friday) meeting the economic managers are expected to evaluate the decisions of the National Accounts Committee which was held last month on April 26 and approved Gross Domestic Product growth figure at 3.2 per cent.

Exports of meat, fish, fruits witness positive growth

Staff Reporter

Islamabad—The Exports of meat and fish as well as their preparations witnessed positive growth of 13.88 percent and 12.12 percent during the first three quarters of the current fiscal year (2011-12) as against the same period of last year. Similarly, exports of fruits during the period under review increased by 15.25 percent as compared to the same period of last year, according to official data of Pakistan Bureau of Statistics. Exports of meat and meat preparations increased from $108.542 million during July-March (2010-11) to $123.606 million during July- March (2011-12), showing growth of 13.88 percent.

LSE acquires 66.93 points

Staff Reporter

Lahore—The Lahore Stock Exchange on Thursday witnessed bullis trend by gaining 66.93 point as the LSE-25 Index opened with 3727.14 and closed at 3794.07 points. The market’s overall situation, however, did not correspond to an upward trend as it remained at 5.341 million shares to close against previous turnover of 5.951 million shares, showing a downward slide of 609,757 shares. While, out of the total 100 active scrips 42 moved up, 47 remained equal and 11 shed values. Lucky Cement Limited, Engro Foods Limited and Habib Bank Limited were Major Gainer of the day by recording increase in their per share value by Rs 5.85, Rs. 3.04 and Rs 2.68 respectively.
SAP’s vision is for companies of all sizes to become best-run businesses

Pakistan termed an important, emerging market in Asia Pacific region

Salim Ahmed

Lahore—As the world’s leading provider of business software, SAP (Systems, Applications, and Products in Data Processing) delivers products and services that help accelerate business innovation for their customers. Today, customers in more than 130 countries run SAP applications – from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations.

Prime objective of Pakistan Post is to serve nation: DG

Staff Reporter

Islamabad—Director General Pakistan Post Syed Ghulam Panjtan Rizvi Thursday said the prime objective of the organisation is to serve the nation, not only to earn money. Addressing participants of two-day workshop on “Customer Relationship Management” concluding session here at Postal Staff College, he said the services would be further improved to facilitate people. Pakistan Post still have a good business but due to competition with private sector we should also think for survival of the organization.

KESC gains improved image

Amanullah Khan

Karachi—Karachi Electric Supply Company, has now been included in the esteemed list of approved, ‘Training Employer’ of the Institute of Chartered Accountants England & Wales (ICAEW). It may be noted that ICAEW is the most highly recognized institute of Chartered Accountants in the world and they have a strict screening process for granting any organization its status as a Training Employer for their students.
USA 85.10 84.90
UK 133.44 133.12
Euro 117.13 116.85
Canada 79.65 79.46
Switzerland 79.83 79.64
Australia 74.51 74.34
Sweden 11.59 11.57
Japan 0.9481 0.9459
Norway 14.38 14.35
Singapore 59.95 59.81
Denmark 15.73 15.69
Saudi Arabia 22.69 22.64
Hong Kong 10.95 10.93
China 12.47 12.44
Kuwait 295.38 294.69
Malaysia 24.80 24.74
Newzealand 59.07 58.93
Qatar 23.38 23.32
UAE 23.17 23.11
KR WON 0.0734 0.0732
Thailand 2.566 2.560


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