The Daily Mail - Daily News from Pakistan

Islamabad, Sunday, 01 August, 2010

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LCCI concerned over increase in SBP’s discount rate

LAHORE—The Lahore Chamber of Commerce and Industry, while expressing its surprise over SBP decision to further enhance the discount rate by 0.5 per cent, has said that it would hit the overall economy hard as the availability of equity to the business community has been made dearer with one stroke of pen.

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China invests $40b in Iran oil & gas

Tehran—Iran’s main economic partner China has invested around 40 billion dollars in the Islamic republic’s oil and gas sector, a senior Iranian official said on Saturday.

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PSO to plug supply to private power entities from Aug 1

Islamabad—With overdrafts swelling to almost final limit, the cash-starved Pakistan State Oil (PSO) has decided to cut off supply to private power companies from Sunday (August 1).

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