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News » 2004 » December » 27

Monday, December 27, 2004

Pakistan, China Set to Establish Free Trade Zone

via www.chinadaily.com.cn

China and Pakistan are poised to widen the silk road between them by building a free trade area (FTA). For Pakistanis, it is mainly a “cotton road.'’ Currently, 70 per cent of Pakistani exports to China are cotton yarn and cotton fabric. However, the country is also keen to promote its other products ranging from …

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PIA to Sell Tickets Online from January

via www.brecorder.com

Pakistan International Airline (PIA) has announced to start e-ticketing facility and has thus became the first airline of the country providing the facility. Using this facility, now tickets can be booked at PIA’ s website through credit cards also. Talking to a private TV channel, PIA Chairman Ahmed Saeed on Saturday said PIA …

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Fresh Foreign Currency Deposits Reach $3 Billion

via www.dawn.com

At the end of November 2004, all local and foreign banks working in Pakistan had $3 billion fresh foreign currency deposits i.e. those generated afresh after the freezing of $11 billion deposits in May 1998 when the country had gone nuclear. Data released by the State Bank show that the stock of fresh foreign …

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