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  • ISLAMABAD: Secretary Ministry of Commerce Mohammad Younus Dagha in the 7th Session of Pakistan Australia Joint Trade Committee, held on December ‘4, in Canberra, Australia.

SBP upgrading core banking system

By Commerce Reporter KARACHI:  State Bank of Pakistan is upgrading its core banking system from Globus to T24R15. The system provides automation services required by the SBP to discharge its role as Banker to the Government and other banks/financial institutions. The system upgrade will provide software enhancements in the form …

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Nigeria for promoting SMEs of both countries

From Our Correspondent ISLAMABAD:  The Ambassador of Nigeria Maj Gen (Rtd) Ashimiyu Adebayo Olaniyi  yesterday stressed the need for developing strong cooperation between the small and medium enterprises (SMEs) sectors of Pakistan and Nigeria. Addressing to business community at Islamabad Chamber of Commerce and Industry, the Ambassador said that Pakistan …

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‘Political stability key to economic development’

From Our Correspondent LAHORE:  Political stability is a major tool for economic development and sustainable economic growth is not possible without political stability in the country. In a statement, LCCI President Malik Tahir Javaid, Senior Vice President Khawaja Khawar Rashid and Vice President Zeeshan Khalil said that prolonged political instability …

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Rupee depreciated by Rs 1.45 to close at Rs 107

DOLLAR SURGES BY RS 4.50 IN INTERBANK TO RS 110 AGAINST PAK RUPEE By Commerce Reporter KARACHI: The US Greenback yesterday surged by Rs 4.50 in the interbank market and touched Rs 110 against the Pak-rupee but the intervention from the State Bank of Pakistan (SBP) forced the treasury benches …

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‘Pakistan offers excellent opportunities for investment’

From Our Correspondent ISLAMABAD: Prime Minister Shahid Khaqan Abbasi has said that after the successful counterterrorism efforts, Pakistan offers excellent opportunities for trade and investment. Talking to Mayor of London Sadiq Khan here, he said Pakistan attaches great importance to its close and cooperative relations with the United Kingdom especially …

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PSX closes up 295 points

By Commerce Reporter KARACHI: The Pakistan Stock Exchange (PSX) yesterday closed the week on a positive note, with the benchmark KSE-100 index gaining 295 points to close at 39,080. The market showed some negativity in the first few minutes to hit a day’s low of 38,432 points but rebounded immediately …

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SPI based inflation decreases by 0.13pc

From Our Correspondent ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on December 7 for the combined income groups decreased by 0.13 percent as compared to previous week. The SPI for the week under review in the above mentioned group was recorded at 224.89 points …

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PTA actively pursuing broader targets for telecom services development

From Our Correspondent ISLAMABAD: Pakistan Telecommunication Authority (PTA) – dynamically engaged in changing telecom landscape of Pakistan – has tackled every new challenge with determination, keeping interest of the country at heart of its regulatory decisions. The Authority sustains on research in regulation, technical astuteness, harmonizing competition and discharging its …

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