Rising euro, sterling lure small savers
KARACHI, Jan 6: Frustrated over falling rates of return on bank deposits and national saving schemes - small savers are making investment in the euro and the pound sterling.
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Ecnec to approve projects worth Rs123bn today
ISLAMABAD, Jan 6: The Executive Council of the National Economic Council (Ecnec) meets here on Wednesday to approve over Rs123 billion worth of 18 new projects, officials told Dawn here on Tuesday.
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Mechanism to settle dispute worked out: Safta treaty
ISLAMABAD, Jan 6: Saarc-member countries have worked out a comprehensive dispute settlement mechanism for redressal of any dispute arises among the member countries under Safta.
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Exporters urged to enhance productivity
KARACHI, Jan 6: State Bank Governor Dr Ishrat Hussain has advised exporters of textile made-ups to enhance their productivity through skilled labour and better wages to remain competitive in the post-quota free world market.
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Corporate lending SBP wants banks to strengthen KIBOR
KARACHI, Jan 6: The State Bank wants the banks to expand the scope of KIBOR or Karachi inter-bank offered rate and make it a benchmark for pricing corporate loans.
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Increased trade in Saarc seen
KARACHI, Jan 6: President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli on Tuesday welcomed the South Asia Free Trade Area (Safta) treaty and described it as a milestone in the regional economic cooperation.
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Exports up by 13pc in six months
ISLAMABAD, Jan 6: Exports registered a growth of over 13 per cent during the July-December period of the current financial year over the same period of last year.
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US to review farm subsidy policy
KARACHI, Jan 6: Deputy Economic Counsellor of USA in Pakistan Joel Reifman has said that the US government was considering to review its subsidization policy to comply with the WTO obligations.
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Rice exports thin
KARACHI, Jan 6: Pakistani rice exports were thin during the past week on high domestic prices, although existing orders were being shipped, traders said on Tuesday.
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India-Pakistan talks to boost investment
MUMBAI, Jan 6: Thawing relations between India and Pakistan will boost investor sentiment but will have no material impact on capital or trade flows unless backed by concrete steps, business leaders say.
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Workshop on leasing
KARACHI, Jan 6: Leasing Association of Pakistan on Tuesday held the inaugural session of a workshop that was attended by heads of leasing and modaraba companies.
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Steady trend on cotton market
KARACHI, Jan 6: The cotton market on Tuesday finished on a steady note followed by active mill buying at the falling prices late on Monday evening and lifted all the lots offered for sale by the ginners.
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KSE board to elect chairman on 9th
KARACHI, Jan 6: The freshly completed Board of Directors of the Karachi Stock Exchange (KSE) would meet here on January 9 to elect its new chairman out of 5 elected members from a total of 10 directors.
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KSE 100-share index gains 14.21 points
KARACHI, Jan 6: Positive end of the Islamabad Saarc summit on Tuesday failed to boost stock trading as investors were not inclined to make bigger commitments owing partly to negative signals from the carryover market
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