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GST to be converted into VAT by July 2010: FBR
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Oil companies to set up 200 ethanol pumps by 2010
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British economy to shrink 4.5% in current year
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LONDON: The British economy is expected to record the biggest single year contraction since 1945, the Ernst Young ITEM Club said Monday. In its latest economic outlook, the think tank is forecasting the economy to shrink 4.4% in 2009, worse than the 3.5% decline predicted in April. The group sees recovery in 2010 with a 0.5% growth. According to the ITEM Club, hopes of recovery are running ahead of reality and sees no sustainable improvement until world trade begins to pick up. The main risks remain on the downside and include the threat posed by the H1N1 swine flue virus, which could reduce a further 3% from GDP this year and 1.7% in 2010. Companies should review their plans for this kind of contingency. New home-working and video-conferencing facilities offer a way to cope with this, while retail and industrial units should check their stock levels and supply chains. Peter Spencer, chief economic adviser to the Ernst Young ITEM Club said, "Economic patient has been in trauma, but thanks to the paramedics at the Treasury and the Bank of England who pumped billions of pounds worth of medicine into the economy, the patient has been stabilized for now." But he said, "it remains unclear how quick and complete recovery will be and there is still a serious chance of a relapse." The short term outlook stays gloomy as credit remains constrained and the lack of competition in the banking sector indicates lending to consumers and corporates would continue to be expensive and restricted with no further stimulus available to work through the system. Further, the think tank forecasts no change in the 0.5% interest rate well into next year, with the significant degree of spare capacity that exists ensuring that policy would need to be tightened only very gradually after that. Company cut-backs in employment and earnings continued to put pressure on consumer recession. But, rise in unemployment was not bad as was originally feared. Still, the think tank expects unemployment around 8.8% of the labor force by next spring. Disposable incomes were under severe pressure and consumer spending would possibly weaken again over the second half of this year. Hampered by a weak housing market, consumer spending will shrink 3.2% in 2009 and a further 0.2% next year. Meanwhile, disposable income is set to rise only 1% in 2009 and again in 2010. The report said business investment would fall by 10.5% this year with an additional decline of 1% in 2010. At the same time, private housing investment would plunge 27% in 2009.
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LONDON: The British economy is expected to record the biggest single year contraction since 1945, the Ernst Young ITEM Club said Monday. In its latest economic outlook, the think tank is forecasting the economy to shrink 4.4% in 2009, worse than the 3.5% decline predicted in April. The group sees recovery in 2010 with a 0.5% growth. According to the ITEM Club, hopes of recovery are running ahead of reality and sees no sustainable improvement until world trade begins to pick up. The main risks remain on the downside and include the threat posed by the H1N1 swine flue virus, which could reduce a further 3% from GDP this year and 1.7% in 2010. Companies should review their plans for this kind of contingency. New home-working and video-conferencing facilities offer a way to cope with this, while retail and industrial units should check their stock levels and supply chains. Peter Spencer, chief economic adviser to the Ernst Young ITEM Club said, "Economic patient has been in trauma, but thanks to the paramedics at the Treasury and the Bank of England who pumped billions of pounds worth of medicine into the economy, the patient has been stabilized for now." But he said, "it remains unclear how quick and complete recovery will be and there is still a serious chance of a relapse." The short term outlook stays gloomy as credit remains constrained and the lack of competition in the banking sector indicates lending to consumers and corporates would continue to be expensive and restricted with no further stimulus available to work through the system. Further, the think tank forecasts no change in the 0.5% interest rate well into next year, with the significant degree of spare capacity that exists ensuring that policy would need to be tightened only very gradually after that. Company cut-backs in employment and earnings continued to put pressure on consumer recession. But, rise in unemployment was not bad as was originally feared. Still, the think tank expects unemployment around 8.8% of the labor force by next spring. Disposable incomes were under severe pressure and consumer spending would possibly weaken again over the second half of this year. Hampered by a weak housing market, consumer spending will shrink 3.2% in 2009 and a further 0.2% next year. Meanwhile, disposable income is set to rise only 1% in 2009 and again in 2010. The report said business investment would fall by 10.5% this year with an additional decline of 1% in 2010. At the same time, private housing investment would plunge 27% in 2009.
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Pakistan Open Market Forex Rate
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Australian Dollar
Bahrain Dinar
Canadian Dollar
China Yuan
Danish Krone
Euro
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US DollarCHANDA E.C (B) PVT. LTD
| http://friendfinder.com/go/g1361203 Head Office | |
| Address: | 5-6,Ground Fl.,New Ruby Centre,Boulton Market,M.A.Jinnah Road karachi, Sindh 74000 |
| Telephone: http://friendfinder.com/go/g1361203 | (92 21) 2471667 (92 21) 2471666 |
ASMA MONEY EXCHANGER'S
| http://friendfinder.com/go/g1361203 Head Office | |
| Address: | Shop #2,Sadiq Plaza,69-The Mall lahore, punjab |
| Telephone: | (92 42) 6367737 (92 42) 6310442 |
| Fax: http://friendfinder.com/go/g1361203 | (92 42) 6365804 |
AL-ABBAS ENTERPRISES
| http://friendfinder.com/go/g1361203 Head Office | |
| Address: | Shop #14,Mall Plaza,Near GPO Cantt. rawalpindi, |
| Telephone: http://friendfinder.com/go/g1361203 | (92 51) 5528383 (92-51) 5524505 |
AJMAIR INTERNATIONAL
| http://friendfinder.com/go/g1361203 Head Office | |
| Address: | Shop #5,SNC Plaza,Blue Area,Behind Usmania Restaurant islamabad, punjab |
| Telephone: http://friendfinder.com/go/g1361203 | (92 51) 2275179 (92-51) 2274424 |
ABID CURRENCY
| http://friendfinder.com/go/g1361203 Head Office | |
| Address: | Shop # 7,Time Center,Opp.Bilour Plaza,Saddar Peshawar, N.W.F.P |
| Telephone: | (92 91) 5270370 |
| Fax: http://friendfinder.com/go/g1361203 | (92 91) 5275923 |
AAKRA MONEY EXCHANGE
| http://friendfinder.com/go/g1361203 Head Office | |
| Address: | Shop No.32-33,Aakra Centre,Near Jahangir Park,Saddar karachi, Sindh 74000 |
| Telephone: | (92 21) 2231777 (92-21) 2231666 |
| Fax: http://friendfinder.com/go/g1361203 | (92 21) 2231999 |
A Khanani and Kalia Money Exchange
| http://friendfinder.com/go/g1361203 | |
| Company Details | |
Since a last decade, Khanani & Kalia International (Pvt) Ltd. has been known by its customers for its best quality services at the national level. But now Khanani & Kalia has come up with a broader horizon as it now intends to cater clients on the global level with enhanced range of services backed by sophisticated IT tools and software technology. KKI as in its past and will always strive to bring a much-deserved change with its revolutionary and competent services and marketing techniques that will play a major role in the business of Foreign Exchange catering to the customers on both national and international platforms. | |
| Islamabad Office http://friendfinder.com/go/g1361203 | |
| Address: | Unit # 1, Chowdry Plaza, Blue Area, Opp. Nafdeck Cinema . Islamabad, Punjab 74400 |
| Telephone: | +92-51-111-554-554 |
| Fax: http://friendfinder.com/go/g1361203 | +92-51-2274457 |
ZARCO EXCHANGE COMPANY (PVT) LTD.
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Khanani & Kalia International (Pvt.) Ltd.
| http://friendfinder.com/go/g1361203 Company Details | |
Khanani and Kalia International (KKI) is a leading and trusted name in the business sector of Pakistan. Khanani and Kalia (KKI) being the pioneer of foreign currency business in Pakistan, nation as well as worldwide Khanani & Kalia International is a renowned name. Khanani & Kalia International is the first company which was awarded with the official license by State Bank of Pakistan to pursue as Money Changers. http://friendfinder.com/go/g1361203 Now as per decision of State Bank of Pakistan, Khanani & Kalia International is among the early birds to receive the license of Exchange Business and hence, in 2003 it has been transformed as Exchange Company. It is an honor and pride for us that Khanani & Kalia International is the first ISO 9001 Certified Exchange Company in Pakistan. http://friendfinder.com/go/g1361203 Its main and foremost objective is to facilitate and serve customers, with their best services throughout the country and at international levels as well. To fulfill the objectives, KKI has spread its network all over Pakistan. Khanani & Kalia International has its international correspondents over 22 countries in the world. Khanani & Kalia International facilitates people through the safest and securest means of transaction of money. We were and are playing our major role in increasing the Foreign exchange reserves, playing an effective role in combating against the money laundering along with the State Bank of Pakistan. One of the secrets of remarkable success that Khanani & Kalia International has earned in the last decade lies in excellent customer relations. The company has always strived hard to provide best quality of services and products to our customers and by the Grace of Allah we have succeeded in it, which is truly reflective by the customer base that Khanani & Kalia International holds today. http://friendfinder.com/go/g1361203 Khanani & Kalia International believes IT is an innovative technique and a way to progress and prosperity and this is the reason KKI has a well established IT department. The use of IT leads to the new horizon of working, impacts the future growth and advancement of the organization, insures the maximum security of transaction and company provides the best possible services. KKI being innovative and unique in techniques of marketing, introduced the online services through its official websites; www.forexpk.com, www.kkionline.com. Forex mainly focuses at the market affairs and emphasize on the latest activities of money market and also other aspects of business, not only of Pakistan but the major markets of world as well. Forex is one of the most authentic source of currency market affairs and is among the pioneer of many online currency related services in Pakistan, like real time currency rates and currency rate archive, reviews and previews, Pakistan stock to world stock, local news to global news, online international currency trading facilities, analysis and a lot more. http://friendfinder.com/go/g1361203 On the other hand, www.kkionline.com contains all the corporate information necessary for the visitors. This site has all the information about KKI and its products, thus enables the visitors to perfectly know about the company. KKI is unique not only for the IT system but also for appointing new and fresh blood as employees in the company. We believe in modernization and new horizons, this is the reason there is an access of younger generation in our organization. Young blood has a vision to touch the sky and with their ideas and collaboration KKI has been improving day by day and one day Inshallah we will touch the sky. http://friendfinder.com/go/g1361203 Since KKI has been transformed to an international company, therefore, the management aims to adopt all the working procedures of the company systematically as per prevailing laws, SBP rules & regulations and present business environment. In this regard the Human Resource Department of KKI is actively performing and trying its best to get the proper systems implemented in all the departments of the organization. KKI is on its way to progress and is extending its network and in this regard new branches are inaugurated at Sialkot and Gujranwala. This is not the limit, we are still expanding our network to provide best services and one day we will be at every city of Pakistan (Inshallah). | |
| http://friendfinder.com/go/g1361203 Head Office | |
| Address: | Suite # 1101-1105, 11th Floor, Block-A, Saima Trade Tower I. I. Chundrigar Road. Karachi, Sindh 74000 |
| Telephone: | +92-21-111-554-003 +92-21-2217001-10 Telex 27489KKI.PK |
| Fax: | +92-21-2218094 +92-21-2218087 |
| Clifton | |
| Address: | Shop# 1, Ground Floor, Marine Pride, Block-7. karachi, Sindh 74000 |
| Telephone: | UAN +92-21-111-587-587 |
| Fax: | +92-21-5875538 |
| Franchise Al Madina Enterprises | |
| Address: | Badami Bagh Center, Shop No. 6, Badami Bagh lahore, punjab |
| Telephone: | 042-7707479 042-7707498 |
| Fax: | 042-7722965 |
| Franchise Al-Majeed Money Exchange | |
| Address: | Shop No. 1, Firdous Market, Behind First Women Bank, Canal Bank, Shahi Road. Rahim Yaar Khan, |
| Telephone: | 068-5883577 068-5878634 |
| Fax: | 068-5880425 |
| Franchise Currency Master Int'l (MULTAN CANTT) | |
| Address: | Mall Plaza, Shop No. 100.Shangrilla Chowk, Quaid-e-Azam Road, Multan Cantt. Multan, punjab |
| Telephone: | 061-4783800 ,061-4783700 |
| Fax: | 0673-772205 |
| Franchise Currency Master International BUREWALA | |
| Address: | Al - Aziz Super Market, Shop No. 118 - 119, College Road Multan, punjab |
| Telephone: | 0673-771205 0673-772105 |
| Fax: | 0673-772205 |
| Franchise M/S Tatara Trading House | |
| Address: | Rabani Plaza chowk yadgar. Peshawar, |
| Telephone: | +92-91-2592801-4 |
| Fax: | +92-91-2592808 |
| Franchise Al-Rehman Enterprises | |
| Address: | Plot No. 328, Shop No. 6, Opp : Markazi Jamia Masjid, Main Bazar. Dadyal, |
| Telephone: | +92-058630-42870 |
| Fax: | +92-058630-43491 |
| Franchise Al-Saudi Money Changer | |
| Address: | Shop No.03, Near Liaquat Chowk, Furniture Bazar. sahiwal, punjab |
| Telephone: | 0404-220535 |
| Fax: | 0404-229245-6 |
| Franchise Amjad & Company | |
| Address: | Shop # 10, Block No. 3,Sarafa Bazar. Sarghoda, punjab |
| Telephone: | 0483-724027 0483-722846 |
| Fax: | 0483-727554 |
| Franchise Amjad Enterprises | |
| Address: | Shop No. 189 / 1, Main Saddar Bazar, Near Lala Sweet Shop Toba Tak Singh. , |
| Telephone: | 0462-517925 |
| Fax: | 0462-510070 0462-510595 |
| Franchise Balgaam | |
| Address: | Shop No. 5-6, Ismail Center, Main Bahadurabad karachi, Sindh 74000 |
| Telephone: | +92-21-4942198 +92-21-4933057 +92-21-4947473 |
| Fax: | +92-21-4932976 |
| Franchise Currency Master International | |
| Address: | Block 11, Sarafa Bazar, Near Committe Gulai, Quaid-E-Azam Road, D. G. Khan Multan, punjab |
| Telephone: | +92-064 -2461177 |
| Fax: | +92-064-2471131 |
| Franchise Currency Master International D. G. KHAN | |
| Address: | Block II- Sarafa Bazar, Near Committee Gullai, Quaid-e-Azam Road. Multan, punjab |
| Telephone: | 0642-471131 |
| Fax: | 0642-471131 |
| Franchise Deen Corporation | |
| Address: | Deen Centre, Shaheed Chowk Kotli Azad Kashmir, |
| Telephone: | 058660-42154 058660-43544 |
| Fax: | 058660-44864 |
| Franchise Dollar Link Currency Exchange | |
| Address: | Main Building Bano Bazar sialkot, punjab |
| Telephone: | +92-524-582100 +92-524-582200 +92-524-592200 |
| Fax: | +92-524-582500 |
| Franchise Farooq Enterprises | |
| Address: | Shop No. 6, Near Mingora Bus Stand, Mingora. Sawat, punjab |
| Telephone: | +92-946-721611 +92-946-727673 |
| Fax: | +92-946-722163 |
| Franchise Frontier Money Changer | |
| Address: | Shop No. 89, New Laari Adda, Sabzi Mandi. Manshera, |
| Telephone: | 0997-304777 0997-304999 |
| Fax: | 0997-307377 |
| Franchise H. Khairullah & H. A. Sattar Enterprises | |
| Address: | Dr. Bano Road Quetta, |
| Telephone: | +92-081-2843050 +92-081-2836556 +92-081-2839099 +92-081-2821492 |
| Fax: | +92-081-2843986 |
| Franchise Jawad Jee Money Changer | |
| Address: | Mall Plaza, Shop No. 18,Rawalpindi Cantt. rawalpindi, |
| Telephone: | +92-51-5529687 +92-51-5562018 +92-51-5584926 |
| Fax: | +92-51-5512192 |
| Franchise Khan Money Changer | |
| Address: | Aziz Plaza, Shop # 32, Circular Road Bahawalpur, punjab |
| Telephone: | +92-62-2877162-3 +92-62-2888042 |
| Fax: | +92-62-2877102 |
| Franchise M/S Butt Brothers Corporation | |
| Address: | Sardar City Center, Shop No. 9, 11 & 13, Lower Ground Floor, Behar Bazar, G.T. Road. Lala Musa, |
| Telephone: | 0537-519558 0537-519557 |
| Fax: | 0537-519556 |
| Franchise Mazhar Javed | |
| Address: | Naya Bazar, Sangam Plaza. Kharian, |
| Telephone: | 053-7610682 053-7533141 |
| Fax: | 053-7610682 |
| Franchise Polani Enterprises | |
| Address: | Office # 126, 1st Floor, SP Chamber, Near Metro Chowrangi B-9, SITE Area karachi, Sindh 74000 |
| Telephone: | +92-21-2550881- 3 +92-21-2550880 +92-21-2550555 Direct +92-21-2550786 0300-2019146 0321-8298878 |
| Fax: | +92-21-2550885 |
| Franchise Qazi Money Changer | |
| Address: | Shop # 1, 8/30, Opp. Waheed Shah Market, Shara-e-Iqbal. Quetta, |
| Telephone: | +92-812-821047-48 |
| Fax: | +92-812-840728 |
| Franchise Saad Enterprises | |
| Address: | G.T. Road, Near Al Bilal Restaurant, Dina. Jhelum, |
| Telephone: | 0544-630640 0544-630690 0544-634055 |
| Fax: | 0544-635877 |
| Franchise Sabka Enterprises | |
| Address: | Commercial Plot No. 11, Block 16, KDA Scheme # 24, Gulshan-e-Iqbal. karachi, Sindh 74000 |
| Telephone: | +92-21-4813211 - 5 |
| Fax: | +92-21-4813220 |
| Franchise Sohail Impex | |
| Address: | Ishaq Plaza, Chowk Shaheddan Mirpur Azad Kashmir, |
| Telephone: | 058610-35283 058610-45399 |
| Fax: | 45399 |
| Franchise U. S. West Coast Int'l | |
| Address: | Shop No. 14 - 15, Gol Bazar, Near HBL, Chinab Nagar. (Chiniot - Jhung) Rabwah, |
| Telephone: | 047-6213702 047-6214161 |
| Fax: | 047-6215719 |
| Hamza Traders | |
| Address: | Adeel Market, Shop No. 1, Near Civil Hospital, Hospital Road Chakwal, |
| Telephone: | +92-0543-552026 +92-0543-553742 |
| Fax: | +92-0543-553670 |
| I.I Chundrigar Road | |
| Address: | Bombay Hotel Building, Near Shaheen Complex karachi, Sindh 74000 |
| Telephone: | UAN +92-21-111-263-263 |
| Fax: | +92-21-2631021 |
| Islamabad | |
| Address: | Unit # 1, Chowdry Plaza, Blue Area, Opp. Nafdeck Cinema islamabad, punjab |
| Telephone: | +92-51-111-554-554 |
| Fax: | +92-51-2274457 |
| Kothalia Mansion | |
| Address: | Near Patiala Ground, 2nd Mcleod Road lahore, punjab |
| Telephone: | +92-42-111-554-554 |
| Fax: | +92-42-7222197 |
| M/S G.M. Business Concern | |
| Address: | Hindlana Plaza, Shop # 10, Ground Floor, Ward # 5. Mandibahuddin, |
| Telephone: | 0546-502230 0546-500230 |
| Fax: | 0546-509430 |
| New Ruby Cente | |
| Address: | Shop No 1 & 2, New Ruby Center, Opp. City Post office, Talpur Road, Boulton Market karachi, Sindh 74000 |
| Telephone: | +92-21-2416681 |
| Fax: | +92-21-2416682 |
| Ruby Center | |
| Address: | 214 - 215, 2nd Floor, Ruby Centre, Opp. City Post Office, Talpur Road, Boulton Market karachi, Sindh 74000 |
| Telephone: | UAN +92-21-111-554-554 |
| Fax: | +92-21-2428864 |
| Shahra-e-Faisal | |
| Address: | Amber Pride, Shahrah-e-Faisal, P.E.C.H.S., Near Standard Chartered Bank karachi, Sindh 74000 |
| Telephone: | +92-21-4549510-2 |
| Fax: | +92-21-4549511 |
| Tahawer Plaza | |
| Address: | 129-E-1, Main Boulevard Gulberg 3. lahore, punjab |
| Telephone: | +92-42-5784635-40 |
| Fax: | +92-42-5757066 |
| Trade Tower | |
| Address: | Suite # 5 & 6 Central Hotel Building, Near Metropole Hotel Abdullah Haroon Road karachi, Sindh 74000 |
| Telephone: | UAN +92-21-111-876-876 |
| Fax: http://friendfinder.com/go/g1361203 | +92-21-5650340 |
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