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Trade deficit swells to $16.8 billion |
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By Israr Khan
ISLAMABAD: Pakistan’s trade deficit zoomed to an all-time high in July-April 2007-08, with the gap between what it sells abroad and what it imports rising to a massive $16.8 billion, prompting the coalition government to consider new laws to rein in the runaway deficit and form a healthy trade bluep
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FBR trying to curb misdeclaration |
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By our correspondent
LAHORE: The Chairman Federal Board of Revenue, Abdullah Yousaf has said that agreements with China and UAE have been signed to check misdeclaration.
The Chairman FBR was speaking at the Lahore Chamber of Commerce and Industry on Saturday. LCCI President Mohammad Ali Mian, Vice President Shafq
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Competing firms complete feasibility reports |
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By Saad Hasan
KARACHI: The two international firms in fray for constructing a 1,000MW power plant, which will use imported coal as fuel, have completed feasibility studies, an official told The News on Saturday.
AES Corporation of US and Japanese Mitsui Group were short-listed in December 2006 to prepare t
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Rupee quoted stronger |
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KARACHI: The Pakistani rupee was quoted almost 4 per cent firmer against the dollar on Saturday afternoon, but there was barely any trade and it was unclear how solid the recovery from Friday’s record low would prove, dealers said.
A sudden drop in the rupee on Friday prompted State Bank of P
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Freight charges hit Pakistani cement exports to India |
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NEW DELHI: Pakistan’s cement exports to India have slowed down because of rising freight charges and non-availability of railway wagons despite increasing orders, exporters said.
Cement manufacturing companies in Pakistan officials told Indo Asian News Service IANS that freight charges to Ind
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US sees record food output easing crisis |
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WASHINGTON: Good weather will help the world’s farmers reap record wheat and rice crops this year, the US government said on Friday, which should allay fears of shortages and help bring prices down from current high levels.
The US Agriculture Department also forecast a record global crop of f
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