Saturday, February 11, 2012

SBP keeps key policy rate flat at 12 per cent

4:50 AM McGhori

KARACHI: The State Bank of Pakistan on Saturday announced it would keep its key policy rate unchanged at 12 per cent for the next two months in a bid to contain expected inflation in the second half of the 2011-12 fiscal year. The announcement was in line with what the majority of analysts polled by Reuters earlier this week expected. The central bank has left its key policy rate unchanged since cutting it by 150 basis points to 12 per cent on Oct 8, 201...
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Pakistan, Sri Lanka sign agreements to promote cooperation

4:03 AM McGhori

ISLAMABAD: Pakistan and Sri Lanka on Saturday signed three memorandums of understanding (MoU) to promote cooperation in trade, technical education and media between the two countries. Prime Minister Syed Yousuf Raza Gilani and Sri Lankan President Mahinda Rajapaksa witnessed the signing ceremony here at the Prime Minister’s House along with the members of their delegations. The first MoU was signed for cooperation in media by Federal Minister for Information and Broadcasting Dr Firdous Aishaq Awan on behalf of Pakistan while Minister for External Affairs Prof GL Peiris signed on Sri Lanaka’s behalf. Advisor to PM on Finance and Economic Affairs Dr Abdul Hafeez Sheikh signed the second MoU while Sri Lankan Minister for External...
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Indian minister arriving for trade talks

3:51 AM McGhori

LAHORE: India’s Commerce Minister Anand Sharma will walk into Pakistan through Wagah border on Monday morning at the head of big trade delegation on a three-day visit to Pakistan for talks to normalise trade relations between the two countries. During his stay, he is expected to visit a three-day exhibition of Indian products starting on Saturday at the Lahore Expo Centre and hold a series of meetings with his Pakistani counterpart Makhdoom Amin Fahim, officials and businessmen in Lahore, Islamabad and Karachi. Mr Sharma was invited to visit Pakistan by Makhdoom Amin Fahim, who was the first Pakistani commerce minister to visit India last year in over three decades. The visit has already generated huge interest in the...
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