It said that average CPI inflation was projected to remain between 11 and 12 per cent in FY11.
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TOP STORIES
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Power tariff may go up by another 24pc
IMF had estimated that a 49 per cent increase was required this year to bridge the power companies’ financing gap. -
Trade volume between Pak-Brunei reaches $5m
Brunei Darussalam is also working on various welfare schemes in Pakistan and providing assistance to flood affectees. -
Pakistan central bank raises policy rate to 13 per cent
The central bank’s acting governor said a change in monetary policy was needed to mitigate risks to economic stability. -
Ogra increases CNG prices
The price of CNG has been increased by Rs1.70 per kg for Sindh and Punjab and Rs1.73 for Khyber Pakhtunkhwa and Balochistan. -
No change likely in interest rates in new policy
However, SBP could spike discount rate by up to one per cent by the close of first half of the current fiscal year in December. -
Pak liquid foreign reserves stand at $12.7657 bln
The net foreign reserves held by banks other than State Bank of Pakistan figured dollars 3.7921 billion.
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MARGALLA PLANE CRASH
Why did ED202 pilot stray to the hills?
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Plane crash in Margalla Hills
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MAGAZINE
Economic and Business Review
MEDIA GALLERY
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Day at brick-making factory
HIGHLIGHTS
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Sugar import
The country is now faced with the threat of sugar shortages due to the authorities’ insistence on importing. -
India to add 110m to global workforce
Experts say India’s “youth bulge”, seen lasting until 2050. -
US urged to give market access, not aid
It could save the vulnerable segment from the influence of the extremist elements. -
Vacancy at the CCP
Mirza expressed fears that it would be bad days for the economy if govt appointed any political figure. -
Zardari stresses partnership with private sector
He said Pakistan had suffered over $45bn loss over the past eight years. -
Sugar crisis brewing
It is advisable that arrangements for imports are made even at higher prices to get a handle on the market.
WEATHER - PAKISTAN
Cities
WORKFORCE REDUCTION
Oil marketing companies are also reportedly reducing their workforce under a global programme.
CONSUMER'S LOSS
However, this additional burden on consumers and the national exchequer earned a windfall benefit to FBR.
INHERITANCE
“The two aspects of Dudley…he’s not Tony Hayward and he speaks with an American accent.”
BUYING POWER
The overall consumer financing plunged by Rs50bn, or 17 per cent, during the year under review.
REALITY CHECK
Businessmen believe that the accord finalised on July 18 has benefited neighbours at the cost of Pakistan’s interests.
STOCK TALK
The tax credit benefit shall be available to new companies only in the tax year in which they are enlisted.
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