WTO ministers deeply divided
DOHA, Nov 9: World Trade Organization ministers are deeply divided as they head into a critical conference here aimed at boosting global trade, WTO Director General Mike Moore acknowledged Friday....
Tax machinery revamping to cost $200 million
ISLAMABAD, Nov 9: The Central Board of Revenue (CBR) has estimated that the restructuring of the tax administration would cost approximately $200 million, a reliable source told Dawn here on Thursday....
EU ready to go ‘extra mile’: Lamy: Trade liberalization
DOHA, Nov 9: The European Union is willing to go the “extra mile” to see a new trade liberalization programme launched but cannot do it alone, EU Trade Commissioner Pascal Lamy...
No price relief for consumers likely in Ramazan
KARACHI, Nov 9: Consumers will have to pay higher prices for buying essential items in Ramazan, starting next week, even if the price regulators announce any cuts....
Razak, ginners meeting on 15th
KARACHI, Nov 9: Commerce Minister Abdul Razak Dawood is expected to meet the ginners of southern Punjab on November 15, and will persuade them to sell quality lint to the Trading...
Oil price climbs as Opec readies output cut
LONDON, Nov 9: The price of oil surged more than a dollar a barrel here Friday, as Russia finally signalled it was ready to join Opec in reducing volumes to help...
China Enters WTO today
DOHA, Nov 9: China caps a 15-year struggle to prise open the doors to the World Trade Organization on Saturday, offering the potential of a major boost to global trade and...
Shortfall in NWFP receipts
PESHAWAR, Nov 9: The NWFP government recorded massive shortfall in the Provincial Own Receipts (PORs) during the first quarter of the current financial year, according to official sources....
Terror attacks hit Asian economic growth: ADB
MANILA, Nov 9: Asia’s economic growth would drop sharply this year and in 2002, as the shadow of terrorism pushes the region’s main export markets into a deeper-than-expected downturn, the Asian...
EBRD urges Central Asia to lure investment
LONDON, Nov 9: Central Asian states, cast into the spotlight by the war on Afghanistan, have an opportunity to lure foreign investment but only if they press on with democratic and...
Japanese economy slips into 20-year recession
TOKYO, Nov 9: Japan said Friday its economy would shrink 0.9 per cent in the year to March, reversing an earlier 1.7-per cent growth target and marking the deepest drop in...
Opec may cut 1.5m bpd oil from Dec
VIENNA, Nov 9: The Opec oil cartel is likely to cut production by up to 1.5 million barrels per day next week, possibly effective from as early as December 1, to...
Asian stock markets mixed
TOKYO, Nov 9: Asian stock markets closed mixed on Friday, with most bourses higher on bargain-hunting but others including regional leader Tokyo dragged lower on domestic concerns....
Free trade zone between US, Japan, China stressed
TOKYO, Nov 9: The creation of a free trade zone between the United States, China and Japan would benefit the global economy, said Steve van Andel, chairman of the United States...
Commerzbank plunges into loss
FRANKFURT, Nov 9: Commerzbank, the fourth-biggest bank in Germany, said on Friday it slid into loss in the third quarter owing to weakness of the stock market and higher provisioning to...
Pakistan, US firm sign $2m deal: E&P data system
ISLAMABAD, Nov 9: Pakistan and LMK Resources, US, signed here on Thursday an agreement worth $2 million for establishment, management and operations of the Pakistan Petroleum Exploration and Production (E&P) Data...
New portfolio of SBP DGs
KARACHI, Nov 9: After the induction of a new deputy governor Tawfiq A. Husain in the State Bank some changes have been made in the portfolios of the two deputy governors....
Syria moves to rejoin world economy
LONDON, Nov 9: Syria’s readiness to swim against the Western political tide was underlined during UK Prime Minister Tony Blair’s recent visit to Damascus, the first ever by a British prime...
Riyadh may waive penalty on NPCC
ISLAMABAD, Nov 9: Saudi Arabia is considering to waive a penalty it had imposed on a Pakistani public sector power construction firm for delaying a multi-million dollar project in that country....
NBP, UBL merge UK branches
KARACHI, Nov 9: The National Bank of Pakistan (NBP) and United Bank Limited (UBL) have signed an agreement under which these two banks will run the UK operations jointly....