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Print - 2013-06-09
0.5 percent turnover tax applicable for TY13 only: FBR

0.5 percent turnover tax applicable for TY13 only: FBR

The Federal Board of Revenue has said the reduced rate of 0.5 percent turnover tax under Section 113 of the Income Tax Ordinance 2001 would only be applicable for Tax Year 2013. Sources told Business Recorder here on Saturday that the FBR has issue
Published 09 Jun, 2013 12:00am
0.5 percent turnover tax applicable for TY13 only: FBR

0.5 percent turnover tax applicable for TY13 only: FBR

The Federal Board of Revenue has said the reduced rate of 0.5 percent turnover tax under Section 113 of the Income Tax Ordinance 2001 would only be applicable for Tax Year 2013. Sources told Business Recorder here on Saturday that the FBR has issue
Published 09 Jun, 2013 12:00am
US surveillance revelations deepen European fears

US surveillance revelations deepen European fears

Europeans reacted angrily on Friday to revelations that US authorities had tapped the servers of internet companies for personal data, saying they confirmed their worst fears about American Web giants and showed tighter regulations were needed. The Washin
Published 09 Jun, 2013 12:00am
Germany to provide 93.5 million euros to support social sector

Germany to provide 93.5 million euros to support social sector

German Foreign Minister Guido Westerwelle Saturday said his government will provide 93.5 million euros to support the newly elected government of Pakistan in the areas of energy, health, education and good governance. He was speaking at a joint press stak
Published 09 Jun, 2013 12:00am
Germany to provide 93.5 million euros to support social sector

Germany to provide 93.5 million euros to support social sector

German Foreign Minister Guido Westerwelle Saturday said his government will provide 93.5 million euros to support the newly elected government of Pakistan in the areas of energy, health, education and good governance. He was speaking at a joint press stak
Published 09 Jun, 2013 12:00am
Germany to provide 93.5 million euros to support social sector

Germany to provide 93.5 million euros to support social sector

German Foreign Minister Guido Westerwelle Saturday said his government will provide 93.5 million euros to support the newly elected government of Pakistan in the areas of energy, health, education and good governance. He was speaking at a joint press stak
Published 09 Jun, 2013 12:00am
Energy sector: Nawaz seeks to woo German investors

Energy sector: Nawaz seeks to woo German investors

Prime Minister Muhammad Nawaz Sharif on Saturday categorically said that drone attacks "must stop" as these were violating country''s sovereignty and international laws. "Drone attacks must stop. We have protested several times (over this issue). This is
Published 09 Jun, 2013 12:00am
Energy sector: Nawaz seeks to woo German investors

Energy sector: Nawaz seeks to woo German investors

Prime Minister Muhammad Nawaz Sharif on Saturday categorically said that drone attacks "must stop" as these were violating country's sovereignty and international laws. "Drone attacks must stop. We have protested several times (over this issue). This is s
Published 09 Jun, 2013 12:00am
Energy sector: Nawaz seeks to woo German investors

Energy sector: Nawaz seeks to woo German investors

Prime Minister Muhammad Nawaz Sharif on Saturday categorically said that drone attacks "must stop" as these were violating country's sovereignty and international laws. "Drone attacks must stop. We have protested several times (over this issue). This is s
Published 09 Jun, 2013 12:00am
Khaqan seeks viable plan to tackle UfG menace

Khaqan seeks viable plan to tackle UfG menace

Minister for Petroleum Shahid Khaqan Abbasi on Saturday ordered his ministry to quickly devise a viable plan to overcome the loss of ''unaccounted for gas''. He was addressing at the first briefing session arranged by the Petroleum Ministry about the work
Published 09 Jun, 2013 12:00am
Khaqan seeks viable plan to tackle UfG menace

Khaqan seeks viable plan to tackle UfG menace

Minister for Petroleum Shahid Khaqan Abbasi on Saturday ordered his ministry to quickly devise a viable plan to overcome the loss of 'unaccounted for gas'. He was addressing at the first briefing session arranged by the Petroleum Ministry about the workin
Published 09 Jun, 2013 12:00am
Khaqan seeks viable plan to tackle UfG menace

Khaqan seeks viable plan to tackle UfG menace

Minister for Petroleum Shahid Khaqan Abbasi on Saturday ordered his ministry to quickly devise a viable plan to overcome the loss of 'unaccounted for gas'. He was addressing at the first briefing session arranged by the Petroleum Ministry about the workin
Published 09 Jun, 2013 12:00am
Afghan soldier kills three Americans

Afghan soldier kills three Americans

An Afghan soldier shot dead two US soldiers and one US civilian on Saturday, the latest "insider attack" to shake efforts by the two armies to work together to defeat the Taliban insurgency. The killings in the eastern province of Paktika came on the same
Published 09 Jun, 2013 12:00am
Afghan soldier kills three Americans

Afghan soldier kills three Americans

An Afghan soldier shot dead two US soldiers and one US civilian on Saturday, the latest "insider attack" to shake efforts by the two armies to work together to defeat the Taliban insurgency. The killings in the eastern province of Paktika came on the same
Published 09 Jun, 2013 12:00am
Loadshedding to be reduced to ''tolerable'' levels: Asif

Loadshedding to be reduced to ''tolerable'' levels: Asif

Water and Power Minister Khwaja Muhammad Asif on Saturday said his priority was to reduce Loadshedding hours in order to make it tolerable and ensure judicious distribution of power across the country. Pakistan has a chronic shortage of electricity, causi
Published 09 Jun, 2013 12:00am
Loadshedding to be reduced to 'tolerable' levels: Asif

Loadshedding to be reduced to 'tolerable' levels: Asif

Water and Power Minister Khwaja Muhammad Asif on Saturday said his priority was to reduce Loadshedding hours in order to make it tolerable and ensure judicious distribution of power across the country. Pakistan has a chronic shortage of electricity, causi
Published 09 Jun, 2013 12:00am
Loadshedding to be reduced to 'tolerable' levels: Asif

Loadshedding to be reduced to 'tolerable' levels: Asif

Water and Power Minister Khwaja Muhammad Asif on Saturday said his priority was to reduce Loadshedding hours in order to make it tolerable and ensure judicious distribution of power across the country. Pakistan has a chronic shortage of electricity, causi
Published 09 Jun, 2013 12:00am
India offers services to generate cheap electricity

India offers services to generate cheap electricity

As the new government has started working on ways to resolve the acute energy crisis, Indian power sector companies have also offered their services to Pakistani policymakers for generation of cheap electricity, well informed sources told Business Reco
Published 09 Jun, 2013 12:00am
India offers services to generate cheap electricity

India offers services to generate cheap electricity

As the new government has started working on ways to resolve the acute energy crisis, Indian power sector companies have also offered their services to Pakistani policymakers for generation of cheap electricity, well informed sources told Business Reco
Published 09 Jun, 2013 12:00am
India offers services to generate cheap electricity

India offers services to generate cheap electricity

As the new government has started working on ways to resolve the acute energy crisis, Indian power sector companies have also offered their services to Pakistani policymakers for generation of cheap electricity, well informed sources told Business Reco
Published 09 Jun, 2013 12:00am
Senate panel calls for quick execution of FBR reforms

Senate panel calls for quick execution of FBR reforms

The Senate''s Standing Committee on Finance on Saturday suggested the new government to seriously implement reforms in the Federal Board of Revenue (FBR) to bridge the budgetary revenue gap of nearly Rs 300 billion, bring in a professional, instead of a b
Published 09 Jun, 2013 12:00am
Senate panel calls for quick execution of FBR reforms

Senate panel calls for quick execution of FBR reforms

The Senate's Standing Committee on Finance on Saturday suggested the new government to seriously implement reforms in the Federal Board of Revenue (FBR) to bridge the budgetary revenue gap of nearly Rs 300 billion, bring in a professional, instead of a bu
Published 09 Jun, 2013 12:00am
Senate panel calls for quick execution of FBR reforms

Senate panel calls for quick execution of FBR reforms

The Senate's Standing Committee on Finance on Saturday suggested the new government to seriously implement reforms in the Federal Board of Revenue (FBR) to bridge the budgetary revenue gap of nearly Rs 300 billion, bring in a professional, instead of a bu
Published 09 Jun, 2013 12:00am
China trade data underscores growth worries

China trade data underscores growth worries

China''s exports posted their lowest growth rate in almost a year in May while imports unexpectedly fell, government data showed on Saturday, underlining concerns that growth in the world''s second-largest economy could slow anew in the second quarter. Ev
Published 09 Jun, 2013 12:00am
China trade data underscores growth worries

China trade data underscores growth worries

China's exports posted their lowest growth rate in almost a year in May while imports unexpectedly fell, government data showed on Saturday, underlining concerns that growth in the world's second-largest economy could slow anew in the second quarter. Evid
Published 09 Jun, 2013 12:00am
China trade data underscores growth worries

China trade data underscores growth worries

China's exports posted their lowest growth rate in almost a year in May while imports unexpectedly fell, government data showed on Saturday, underlining concerns that growth in the world's second-largest economy could slow anew in the second quarter. Evid
Published 09 Jun, 2013 12:00am
War-torn areas: misuse of relief package, zero-rated regime detected

War-torn areas: misuse of relief package, zero-rated regime detected

Auditor General of Pakistan has detected misuse of fiscal relief package for war-affected areas and irregularities in zero-rated regime under SRO.283(I)2011 and SRO.1125(I)/2001, as different techniques were applied by importers to exploit zero-rating fac
Published 09 Jun, 2013 12:00am
War-torn areas: misuse of relief package, zero-rated regime detected

War-torn areas: misuse of relief package, zero-rated regime detected

Auditor General of Pakistan has detected misuse of fiscal relief package for war-affected areas and irregularities in zero-rated regime under SRO.283(I)2011 and SRO.1125(I)/2001, as different techniques were applied by importers to exploit zero-rating fac
Published 09 Jun, 2013 12:00am
War-torn areas: misuse of relief package, zero-rated regime detected

War-torn areas: misuse of relief package, zero-rated regime detected

Auditor General of Pakistan has detected misuse of fiscal relief package for war-affected areas and irregularities in zero-rated regime under SRO.283(I)2011 and SRO.1125(I)/2001, as different techniques were applied by importers to exploit zero-rating fac
Published 09 Jun, 2013 12:00am
War-torn areas: misuse of relief package, zero-rated regime detected

War-torn areas: misuse of relief package, zero-rated regime detected

Auditor General of Pakistan has detected misuse of fiscal relief package for war-affected areas and irregularities in zero-rated regime under SRO.283(I)2011 and SRO.1125(I)/2001, as different techniques were applied by importers to exploit zero-rating fac
Published 09 Jun, 2013 12:00am
IMF team to hold talks from 19th onwards

IMF team to hold talks from 19th onwards

The International Monetary Fund (IMF) team is scheduled to visit Pakistan in the third week of the current month as part of routine Post Programme Monitoring (PPM), Finance Minister Ishaq Dar stated on Saturday while talking to the media. An official conf
Published 09 Jun, 2013 12:00am
IMF team to hold talks from 19th onwards

IMF team to hold talks from 19th onwards

The International Monetary Fund (IMF) team is scheduled to visit Pakistan in the third week of the current month as part of routine Post Programme Monitoring (PPM), Finance Minister Ishaq Dar stated on Saturday while talking to the media. An official conf
Published 09 Jun, 2013 12:00am
IMF team to hold talks from 19th onwards

IMF team to hold talks from 19th onwards

The International Monetary Fund (IMF) team is scheduled to visit Pakistan in the third week of the current month as part of routine Post Programme Monitoring (PPM), Finance Minister Ishaq Dar stated on Saturday while talking to the media. An official conf
Published 09 Jun, 2013 12:00am
JUI-F decides to join federal government

JUI-F decides to join federal government

Chief of Jamiat Ulema-e-Islam-Fazl (JUI-F) Maulana Fazlur Rehman on Saturday announced to join Pakistan Muslim League-Nawaz's (PML-N) government in the Centre. The announcement was made after an hour-long meeting held here at the Prime Minister's House be
Published 09 Jun, 2013 12:00am
JUI-F decides to join federal government

JUI-F decides to join federal government

Chief of Jamiat Ulema-e-Islam-Fazl (JUI-F) Maulana Fazlur Rehman on Saturday announced to join Pakistan Muslim League-Nawaz's (PML-N) government in the Centre. The announcement was made after an hour-long meeting held here at the Prime Minister's House be
Published 09 Jun, 2013 12:00am
Dr Malik elected chief minister Balochistan unopposed

Dr Malik elected chief minister Balochistan unopposed

President of National Party, Dr Abdul Malik Baloch has been elected Chief Minister Balochistan unopposed, here on Saturday. According to unofficial results, no other candidate submitted his nomination forms for the post of Chief Minister. Assembly Secreta
Published 09 Jun, 2013 12:00am
Dr Malik elected chief minister Balochistan unopposed

Dr Malik elected chief minister Balochistan unopposed

President of National Party, Dr Abdul Malik Baloch has been elected Chief Minister Balochistan unopposed, here on Saturday. According to unofficial results, no other candidate submitted his nomination forms for the post of Chief Minister. Assembly Secreta
Published 09 Jun, 2013 12:00am
YOUR RUPEE LAST MONTH

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (May 02 to 31, 2013)

Published 09 Jun, 2013 12:00am
The Weather

The Weather

The weather report on Saturday (June 08, 2013) and the forecast for Sunday (June 09, 2013).

Published 09 Jun, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Port Qasim Authority

Port Qasim Authority

Karachi Shipping Intelligence at Port Qasim changes till 7 am on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Port Qasim Authority

Port Qasim Authority

Karachi Shipping Intelligence at Port Qasim changes till 7 am on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
THE RUPEE: rates slip

THE RUPEE: rates slip

The rupee surrendered it overnight gains against the dollar on the money market on Saturday, dealers said. The rupee lost 15 paisa in relation to the dollar for buying and selling at Rs 99.55 and Rs 99.75, they said. In contrast, the rupee picked up five
Published 09 Jun, 2013 12:00am
THE RUPEE: rates slip

THE RUPEE: rates slip

The rupee surrendered it overnight gains against the dollar on the money market on Saturday, dealers said. The rupee lost 15 paisa in relation to the dollar for buying and selling at Rs 99.55 and Rs 99.75, they said. In contrast, the rupee picked up five
Published 09 Jun, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (June 08, 2013).

Published 09 Jun, 2013 12:00am
Oil cake market rates

Oil cake market rates

Both the futures were higher on the forward cottonseeds oilcake market on Saturday in process of trading, dealers said. The July vaida closed at Rs 998.30 and it opened with a loss of 20 paisa at Rs 998.50, they said. The December contract ended at Rs 949
Published 09 Jun, 2013 12:00am
Cotton market: seed cotton arrivals begin

Cotton market: seed cotton arrivals begin

As was expected, new seed cotton arrivals had started reaching into the ginneries as huge stock of unsold stock was still with ginners and causing financial loss for them, dealers said on the cotton market on Saturday. The official spot rate was inert at
Published 09 Jun, 2013 12:00am
Seeds prices down on grain market

Seeds prices down on grain market

Prices were mixed on the wholesale grain and oilseeds market on Saturday in the process of modest trading, dealers said. On the seeds side, rapeseeds Nawabshah low type shed Rs 50 to Rs 2125 while the best type did not move any side at Rs 2150, rapeseeds
Published 09 Jun, 2013 12:00am
Asian naphtha price suffers more losses

Asian naphtha price suffers more losses

The Asian naphtha price ended the week at a two-session high of $877.50 a tonne, reversing the losses from the previous day but its margin fell for the third straight day to a four-session low of $98.40 a tonne due to concerns of ample supplies. Traders s
Published 09 Jun, 2013 12:00am
India's wheat stocks pile up to 44.4 million tonnes

India's wheat stocks pile up to 44.4 million tonnes

India's wheat stocks had piled up to 44.4 million tonnes by June 1, government sources said, more than a quarter of the world's total, as it fails to meet export targets because of high prices and quality constraints. India uses the stocks to distribute c
Published 09 Jun, 2013 12:00am
HRW wheat bids steady to firmer

HRW wheat bids steady to firmer

US hard red winter wheat cash bids in the southern Plains were steady to firmer on Friday as harvest moved slowly north. The Gulf track bid climbed 2 cents a bushel but sellers remained largely sidelined as harvest progress was sluggish and crop yields an
Published 09 Jun, 2013 12:00am
US corn export premiums stay higher

US corn export premiums stay higher

US corn export premiums held at historically high levels at the US Gulf Coast on Friday amid tight supplies and demand for late summer shipments, traders said. Little corn in the US export pipeline and exporters are increasingly concerned about originatin
Published 09 Jun, 2013 12:00am
Indian soyabeans drop on hopes of bumper crop

Indian soyabeans drop on hopes of bumper crop

Indian soyabean futures fell on Friday after hitting a two-week high in the previous session due to weak exports demand for soyameal and hopes a normal monsoon will increase oilseed production, though a weak rupee and gains in overseas markets limited the
Published 09 Jun, 2013 12:00am
Port Qasim's activities

Port Qasim's activities

A cargo volume of 42,257 tonnes comprising 39,557 tonnes of import cargo and 2,700 tonnes of export cargo inclusive 303 loaded & empty containers (TEUs) was handled at Port Qasim during the last 24 hours on Saturday. The total import cargo of 39,557 tonne
Published 09 Jun, 2013 12:00am
US Midwest corn, soya bids mostly steady

US Midwest corn, soya bids mostly steady

Spot basis bids for corn and soyabeans held mostly steady around the US Midwest on Friday, supported by tight supplies even as sharply higher futures spurred increased farmer selling, grain merchants said. Old-crop cash corn prices rose to the price targe
Published 09 Jun, 2013 12:00am
Canadian canola futures mixed

Canadian canola futures mixed

ICE Canadian canola futures finished mixed on Friday and registered their biggest weekly loss in more than eight months. Investors continued to roll July long positions into November, pressuring the nearby month and lifting the new-crop contract. Farmer s
Published 09 Jun, 2013 12:00am
US natural gas futures end slightly higher

US natural gas futures end slightly higher

US natural gas futures ended with slim gains on Friday, backed by short-covering ahead of the weekend following a steep slide on Thursday. "We probably saw a little short covering ahead of the weekend. Some people are expecting temperatures to creep back
Published 09 Jun, 2013 12:00am
European wheat futures edge lower

European wheat futures edge lower

European wheat futures edged lower on Friday to touch a new one-week low as weakness in Chicago, day-earlier gains in the euro, and expectations of rising global supply kept a lid on prices. Movements were limited and trading light, however, as operators
Published 09 Jun, 2013 12:00am
Saudi's Sabic planning $4.23 billion steel projects

Saudi's Sabic planning $4.23 billion steel projects

Saudi Basic Industries Corporation (Sabic) is planning to build two steel plants on Saudi Arabia's Gulf coast for its affiliate Hadeed, it said on Saturday. One plant, in Jubail, would have processing capacity of 1.5 million tonnes a year and the other, i
Published 09 Jun, 2013 12:00am
Bad weather cuts Iraq south oil exports to 864,000 bpd

Bad weather cuts Iraq south oil exports to 864,000 bpd

Bad weather cut oil exports from Iraq's Basra ports to 864,000 barrels per day (bpd) on Saturday from 2.23 million bpd a day earlier, a shipping source said. "High winds in the Gulf are disrupting loading operations and preventing ships from leaving the p
Published 09 Jun, 2013 12:00am
Property firms form venture for huge Dubai project

Property firms form venture for huge Dubai project

Two of Dubai's biggest real estate developers have formed a joint venture to build a huge residential and commercial area near the city's downtown, the companies said on Saturday. Emaar Properties and Meraas Holding, both backed by the Dubai government, p
Published 09 Jun, 2013 12:00am
Swiss lawyers blast secretive US bank deal

Swiss lawyers blast secretive US bank deal

A secretive deal between Bern and Washington over Swiss banks' alleged complicity in tax evasion by Americans is "deeply worrying," according to the new head of the Swiss Bar Association. The deal "is deeply worrying from the rule of law point of view," P
Published 09 Jun, 2013 12:00am
EU, China must resolve trade disputes, says Hollande

EU, China must resolve trade disputes, says Hollande

French President Francois Hollande said on Saturday the European Union must work with China and called for a balanced resolution to an escalating trade dispute that began with solar panels but has since spread to European wines. Speaking at a conference w
Published 09 Jun, 2013 12:00am
Vodafone says paid no UK corporation tax in two years

Vodafone says paid no UK corporation tax in two years

Vodafone Group Plc said it paid no corporation tax in Britain for the year to March 2013, prompting fresh criticism from campaigners who have made the UK mobile telephone group a target in the debate on corporate tax payments. Revelations of profit shifti
Published 09 Jun, 2013 12:00am
Vodafone says paid no UK corporation tax in two years

Vodafone says paid no UK corporation tax in two years

Vodafone Group Plc said it paid no corporation tax in Britain for the year to March 2013, prompting fresh criticism from campaigners who have made the UK mobile telephone group a target in the debate on corporate tax payments. Revelations of profit shifti
Published 09 Jun, 2013 12:00am
Merkel urges more EU structural reforms

Merkel urges more EU structural reforms

Chancellor Angela Merkel urged European Union countries on Saturday to carry out further structural reforms, saying Germany could only remain in good shape if the European economy recovers. "That's why it's very much in Germany's interest to do everything
Published 09 Jun, 2013 12:00am
UN food body approves $200 million food aid to North Korea

UN food body approves $200 million food aid to North Korea

The UN food body on Saturday said it had approved $200 million of food aid for North Korea, targeting the country's most vulnerable people who remain dependent on external assistance. The World Food Programme (WFP) executive board has this week approved a
Published 09 Jun, 2013 12:00am
Sudan's Bashir halts South Sudan oil flow

Sudan's Bashir halts South Sudan oil flow

Sudanese President Omar al-Bashir on Saturday ordered a halt to the flow of oil from South Sudan, less than two months after southern crude began moving again, official radio said. "Bashir ordered the minister of oil to stop the flow of South Sudanese oil
Published 09 Jun, 2013 12:00am
Germany could expand small business loan scheme to EU strugglers

Germany could expand small business loan scheme to EU strugglers

Portugal and Greece are interested in the same kind of support for lending to small business that Germany agreed with Spain this week, a spokeswoman for the German finance ministry said on Saturday, but they will need a state financing body to qualify. An
Published 09 Jun, 2013 12:00am
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