Sunday 23 October 2011

BUSINESS NEWS


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Expo Pakistan fetches $ 517 mln orders: Puri 
Export orders worth $ 517 million have been finalised for various products at the 6th Pakistan Expo 2011, which was opened on Friday at Karachi Expo Centre. This was stated by the chief executive of Trade Development Authority of Pakistan (TDAP) 
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Gold extends gains, equities drop on Europe debt fears 
Gold strengthened further on Monday as falling equities and lingering worries about a debt crisis in Europe drew investors to the precious metal, which posted its the biggest quarterly gain this year, but a firm US dollar could still cap gains. 
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PSO discontinues supply to power companies 
Pakistan State Oil (PSO) halted the supply of oil to power companies due to the non-payment of bills. The power shortfall has reached 8,900 hundred megawatts across the country. According to the Pakistan Electric Power Company (PEPCO), powe 
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Increase in bank deposits 
ACCORDING to the weekly statement of position of all scheduled banks for the week ended September 23, deposits and other accounts of the scheduled banks increased in the current week and stood at Rs5393.6bn, higher by Rs19.9bn over preceding week 
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Potable water for Manchhar Lake fishermen 
Supply of clean and potable water to rain and flood-affected people in Sindh is a big problem and in many areas they have been compelled to use rain-stored polluted water for drinking with risks of waterborne diseases. However, thousands of f 
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