Thursday March 18, 2010 
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 Business & Economy[1-10 of 19 stories]
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 Pakistan   |   World  

BoI nominates technical, financial, legal advisors
ISLAMABAD (March 18, 2010): The Board of Investment (BoI) has nominated Syed Feroz Alam Shah, as Honorary Technical Advisor (BoI), Farrukh Hussain Khan, as Honorary Financial Advisor (BoI) and Ali Zafar, as Honorary Legal Advisor (BoI). Under the leadership of the Prime Minister, the Board of Investment is working, as the apex investment promotion and facilitation agency of the country.




Reforms panel suggests: NFC to review recommendations on quarterly basis
ISLAMABAD (March 18, 2010): The Parliamentary Committee on Constitutional Reforms on Wednesday recommended that the National Finance Commission (NFC) would review its recommendations for implementation on quarterly basis, reliable source told Business Recorder.




Hoti felicitates nation on signing of 7th NFC award
PESHAWAR (March 18, 2010): The NWFP Chief Minister, Ameer Haidar Khan Hoti, has felicitated the whole nation particularly the people of NWFP on signing of 7th national finance commission (NFC) award by the President and termed it reflection of environment of cooperation, national unity and consensus in the country.




NFC Award to provide basis for future awards: Kaira
LAHORE (March 18, 2010): Punjab Finance Minister Tanvir Ashraf Kaira has said that the signing of 7th NFC Award ceremony is a landmark in the political history of Pakistan and it's a great achievement towards national harmony and solidarity with regard to financial reconciliation between provinces and federation.




Egypt for enhancing bilateral trade relations
ISLAMABAD (March 18, 2010): Ambassador of Egypt to Pakistan, Magdy AMER here on Wednesday stressed the need for enhancing bilateral trade relations between Pakistan and Egypt to tap the existing potential. Exchanging views with business community at Islamabad Chamber of Commerce and Industry (ICCI), the ambassador said that bilateral trade between the two countries was far below than the desired level.



Utilisation of funds: administrators urged to adopt third party audit system
FAISALABAD (March 18, 2010): Commissioner Tahir Hussain has directed the administrators to take strict actions to curb water theft, cattle lifting and make special plans for removal of encroachments, improvement of cleanliness, end to wall chalking, controlling prices of essential commodities and upgrading of sewerage system in their respective jurisdictions.



Waqar to chair PC board meeting today
ISLAMABAD (March 18, 2010): A meeting of the recently reconstituted and expanded 15 members Board of Privatisation Commission is scheduled to be held under the chairmanship of Senator Waqar Ahmed Khan Federal Minister for Privatisation (today) Thursday here at the Privatisation Commission's Secretariat. Earlier, the PC board comprised eight members.



Adopting efficiency measures: Pakistan's energy crisis can be solved: experts
KARACHI (March 18, 2010): Pakistan can solve the current energy crisis if proper energy efficiency measures are adopted in just two main industrial sectors of textile and steel, energy experts of National Productivity Organisation (NPO) said.



Board of directors of PIE reconstituted
LAHORE (March 18, 2010): The Punjab government has reconstituted the board of directors of the Punjab Industrial Estates Development and Management Company Board (PIE) and reduced it from 23 to 16. Besides provincial secretaries of Industries, Labour, Finance, Chairman Tevta, prominent industrialists and technocrats have been taken on the board of directors.



Long power blackouts badly hit Sialkot industry
SIALKOT (March 18, 2010): All trade bodies here, including Sialkot Chamber of Commerce and Industry (SCCI), and people belonging to various walks of life on Wednesday strongly condemned the unscheduled electricity load shedding of continuous even hours as a result of which normal business and daily chores and productivity came to a standstill on Saturday in Sialkot.


 
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The Rupee
Interbank closing rates for dollar on Wednesday.
BuyingRs 84.25
SellingRs 84.30
Dollar drifts lower
8556.86  199.43
Sectoral Indices 
Market at Close
BRIndex-30 8,556.78
KSE-30 Index 10,344.15
KSE-100 Index 10,007.87
LSE-25 Index 3,152.94
ISE-10 Index 2,457.77
Gold Per 10gm 30,857.00
KCA Spot Rate 5,500.00
Libor Rate 0.40188
World Indices
Index Closing Chg%
DJIA 10,733.67 0.45
Nasdaq 2,389.09 0.47
S&P 1,166.21 0.58
FTSE 5,644.63 0.40
DAX 6,024.28 0.89
CAC-40 3,957.89 0.48
Nikkei 10,744.03 0.95
H.Seng 21,330.67 0.25
Sensex 17,519.26 0.17
NY Closing
Euro 0.7282
Sterling 0.6528
Swiss Franc 1.0546
Yen 90.321
Gold 1122.30
Cotton 81.170
Oil 82.70
Economic Indicators
Annual2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
MonthlyFebruary
Trade Balance $-964 bln
Exports $1.53 bln
Imports $2.50 bln
WeeklyMarch 15, 2010
Reserves $14.725 bln
 











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