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Sh Rashid beats bullets AML Chief survives, four guards killed
RAWALPINDI: Unidentified gunmen sprayed bullets Monday on Awami Muslim League (AML) President, Sheikh Rashid and his party workers at the party's campaign office in Khayaban-e-Sir Syed killing at least four of his guards wounding 3 others including Sheikh Rashid. ... |
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Pakistan-IMF talks tomorrow Release of IMF's $1.2bn tranche to Pakistan
ISLAMABAD: Government's delegation is all set to visit Dubai for holding talks with the International Monetary Fund (IMF) for the disbursement of fifth tranche of its loan worth $1.2 billion to Pakistan. ... |
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Tarin cracks recovery whip on govt depts Retrieval of Rs45bn dues ordered
Monitoring Desk
ISLAMABAD: Federal Minister for Finance and Economic Affairs, Shaukat Tarin directed Monday the concerned authorities to collect Rs45 billion outstanding dues from federal and provincial governments' institutions. This he said while presiding over a high-level meeting to take stock of the ongoing circular debt issue. ... |
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Banking Cos Amendment Bill 2009 passes NA ISLAMABAD: The National Assembly Monday passed Banking Companies (Amendment) Bill 2009 moved by Minister for Finance, Shaukat Tarin. Makhdoom Shahabuddin tabled the Amendment Bill in the House on behalf of Minister for Finance after it was presented by the Standing Committee for consideration. ... |
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Nepra nods Chashma hydel project ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved the Chashma Hydropower project despite strong opposition of Sindh, while formal licence to the company would be issued within few days.
Informed sources said Monday that the project after completion would generate 44MW electricity. Sources said that the Punjab government had requested the Nepra to allow it starting hydropower projects at Chashma and it was also discussed in the Indus River System Authority (IRSA) meeting in which three provinces besides Sindh agreed. ... |
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NITL to launch new income fund on 15th Staff Reporter
KARACHI: National Investment Trust Limited (NITL) announced launching of its new product NIT Income Fund (NIT IF) from February 15. The Initial Offering of the Fund will remain open for five days from February 15 to February 19, 2010. ... |
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No redemption pressure on NIT KARACHI: Denying the reports appeared in local media about the redemption pressure on National Investment Trust Limited on the back of settlement issue of LOC Fund, the Chairman of the Trust, Tariq Iqbal Khan has said that there has never been such pressure on NIT especially with reference to the settlement of LOC Fund. ... |
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Brokers preview NIT-IF as dull scrip KARACHI: The Income Fund of National Investment Trust Limited would be enlisted in Karachi Stock Market after the completion of its initial public offering which is going to commence from February 15 till February 19, 2010. However, most of the stock market experts opined that the said fund does not have any strength to make any difference in trading volumes in the bourse. ... |
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NITL to hire market makers KARACHI: NITL would appoint market makers to guide its 56000 investors on when to retain and when to redeem their valuable money in various funds of NIT. Tariq Iqbal Khan, Chairman National Investment Trust Limited said this while talking to media in the launching ceremony of NIT Income Fund. ... |
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Soneri Bank eyes RBS Pakistan KARACHI: Soneri Bank Limited (SBL) said Monday it is interested in buying the Royal Bank of Scotland's (RBS) Pakistan operations. MCB Bank had agreed last August to buy virtually all of RBS Pakistan shares for about $87 million, but the deal collapsed last month after MCB failed to get regulatory approval from the State Bank of Pakistan (SBP). ... |
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