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Pak-Iran project to be completed in 3 years

KARACHI: Federal mister for Petroleum and Natural Resources Syed Naveed Qamar said Pak-Iran Gas Pipeline project would be competed within three years on  Monday. Addressing ‘Fuelling Pakistan’ conference at Expo Center here, he said the present government issued more-than-expected licenses to oil and gas companies …

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Edibles soar by 50pc this yearKARACHI:

KARACHI: The spate of hikes in prices of commodities went up by 15.71 percent as compared to last year, according to the statistics issued by Federal Bureau Of Statistics (FBS) on Monday.

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BT Cotton may save Pakistan Rs90b annually

KARACHI: Pakistan may save Rs90 billion annually, if cultivation of BT Cotton is formally sanctioned on Sunday. The executive member of Pakistan Cotton Ginners Association (PCGA) Ehsanul Haq told Geo News that Pakistan would not have to import cotton if BT Cotton is formally permitted.

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Gold investment soon at Commodity Exchange

KARACHI: This will come as a good news for small investors, as Commodity Exchange is introducing contract of one tola gold, so that the investment could be made easy for them Saturday.

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Finance Minister discusses economy, flood recovery with counterparts;

WASHINGTON : Pakistan is focused on macroeconomic stabilization, domestic resources mobilization, public sector restructuring and addressing some of the structural issues including power sector, Finance Minister Dr Abdul Hafeez Shaikh said as he met with world finance leaders during annual IMF-World Bank meetings.To meet the …

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EU opens doors to 75 Pak imports

BRUSSELS: The European Union (EU) opened doors of its markets for Pakistan to earn up to 900 million euros annually, Geo News reported Thursday. The EU offered to suspend duties on 75 Pakistani imports as part of an aid-linked package to help the country recover …

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2011 will be most difficult year for Greece economy

By Dr Tanveer Ahmed Greece/Athens,Oct 7 : The draft budget for 2011 makes clear that the pressure on the real economy will escalate next year, with negative effects on incomes and employment. The unemployment rate from 9.5% in 2009 to establish   year of 11.6% and …

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Oil dips in Asian trade

SINGAPORE: Oil prices slid in Asian trade Tuesday as a strengthening greenback and slumping Wall Street pulled markets south, analysts said. New York’s main contract, light sweet crude for delivery in November, eased 12 cents to 81.35 dollars a barrel.

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Reformed ST to cause additional Rs119b burden

ISLAMABAD: The people will be burdened with additional Rs119 billion with reformed Sales Tax in the wake of conditions streamed from International Monetary Fund (IMF). The tax was to come in force from October 1st; however, it is expected that it will be imposed from …

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IMF says China policy to help yuan revalue

YALTA: Policy moves by the Chinese government to free the yuan from a dollar peg will help the Chinese currency rise, Dominique Strauss-Kahn, the head of the International Monetary Fund, said on Saturday.

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