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Pakistani stocks close higher, rupee steady, o/n rate rises

Source: Dawn News | 24-01-2013

he Pakistani stock market closed higher on Wednesday, with stocks in cement companies leading the way ahead of company results.

The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.09 percent, or 14.58 points, higher at 16,908.67.Fauji Cement rose 0.81 percent to 7.45 rupees per share.

In the currency market, the Pakistani rupee ended almost steady at 97.68/97.73 against the dollar, compared to Tuesday’s close of 97.70/97.74.Overnight rates in the money market ended at 9 percent compared to Tuesday’s close of 8.50 percent.

Will increase salaries next year: Finance Minister

Source: GEO News | 13-06-2013

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Ishaq Dar has said that austerity measures would save Rs40 billion. Addressing a post-budget press conference here on Thursday, the minister said that the government was going to tax Haj operators instead of pilgrims, adding that the government had put the country on the right path from day ..... Read more

Railways ministry decides to cut train fares by 15-20pc

Source: Geo News | 06-10-2013

LAHORE: The ministry of railways has decided to decrease train fares by 15 to 25 percent, Geo News reported. Federal Minister for Railways Khawaja Saad Rafiq said the notification in this regard will be issued in few days. After the notification, train fares for AC Business class and AC Sleeper would be Rs3000 and Rs4000 from Lahore to Karachi, respect..... Read more

Tablets, smartphones steal scene at Tokyo toy show

Source: GEO News | 14-06-2013

TOKYO: A toy helicopter created from cannibalised smartphones was among the main attractions at a huge toy show in Tokyo on Friday, where producers were targeting the young and the young-at-heart. The motor that makes a telephone vibrate provides the power for the rotor blades on the Nano-Falcon, which its makers say is the world's smallest radio-co..... Read more

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