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Dollar slips in Asian trade

Source: Geo News | 23-07-2013

TOKYO: The dollar weakened in Asia Tuesday after poor US housing data raised the likelihood the US Federal Reserve would not wind back its stimulus programme in the near term.

The greenback fetched 99.49 yen in late morning Tokyo trade, down from

99.59 yen in New York Monday afternoon and well off the 100-yen levels at the end of last week, while the euro bought 131.37 yen and $1.3205, from 131.33 yen and $1.3186.

Hiked taxes: Collection of petroleum levy, GST to increase

Source: Tribune | 02-04-2013

The collection of petroleum levy and general sales tax on sales of petroleum products to consumers is expected to go up by Rs1.3 billion in April following an increase in the levy as the government has made less-than-required reduction in prices of oil products, sources say. For the whole month, the government is likely to receive Rs24 billion in reve..... Read more

Pakistani stocks close higher, rupee weakens

Source: Dawn News | 01-02-2013

Pakistani stocks to a new high on Thursday, mainly supported by banks, but the cement sector drew strong interest with some investors buying on results and some taking profits.The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.22 percent, or 37.47 points, higher at 17,242.74.Expectations of imminent results kept cement on the radar. ..... Read more

Rs 100b released under PSDP so far

Source: The Nation | 18-12-2012

The Planning Commission of Pakistan has so far released Rs 100 billion under its Public Sector Development Programme (PSDP) against the total allocation of Rs.233 billion for the fiscal year 2012-13. Out of total, Rs 55.4 billion have been released for 345 infrastructure development projects while Rs 41.5 billion for 687 social sector projects, a..... Read more

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