Raw cotton export down by 93.6pc: July-November
ISLAMABAD, Dec 10: Export of raw cotton, synthetic fabrics, carpets and cutlery dropped drastically during the first five months of the current fiscal year, although textile and overall exports registered a...
Pakistani CA firms to open offices in China
BEIJING, Dec 10: Pakistani Chartered Accountancy firms are fully entitled to establish their business in China to compete with other domestic and international firms, said sources in the Ministry of Foreign...
Talks on release of textile goods: Razak for US soon
KARACHI, Dec 10: Commerce Minister Abdul Razak Dawood is expected to leave for United States shortly to negotiate the release of detained textile goods worth millions of dollars at the US...
Exporters fear losing $80m orders: Visa restriction
KARACHI, Dec 10: Exporters fear losing orders worth $70-80 million due to visa restriction imposed by the Singapore government, saying they are facing difficulties in meeting their appointment dates with foreign...
Late profit-selling wipes out earlier gains
KARACHI, Dec 10: Stocks on Monday resumed trading on a higher note but as follow-up support remained shy most of the leading shares finished with clipped gains followed by late profit-selling....
Federal Reserve set to cut rates amid jobs carnage
WASHINGTON, Dec 10: US Federal Reserve policymakers, fighting to drag the terror-shaken economy out of recession amid carnage in the labour market, are poised to cut rates for the 11th time...
Two US steel firms begin merger talks
WASHINGTON, Dec 10: Buffeted by foreign competition, two leading US steelmakers announced on Sunday they had begun merger talks as part of efforts to achieve greater consolidation of the national steel...
WTO impact on China’s industry runs to near-disastrous
BEIJING, Dec 10: China’s industries will see widely divergent impacts, ranging from near-disastrous to very positive, after the country’s entry into the World Trade Organization, analysts expect....
Dollar gains against yen in Tokyo trading
TOKYO, Dec 10: The dollar rose against the yen on Monday and was set to test new highs on growing optimism over the US economy and the expectation of further grim...
French minister warns over rising public spending
PARIS, Dec 10: French Finance Minister Laurent Fabius, an outspoken member of the Socialist coalition who insists on budget discipline, warned again on Monday that the state must restrain spending....
Malaysian palm oil ends firm
KUALA LUMPUR, Dec 10: Malaysian crude palm oil futures defied lower export data for December 1-10 and firmed across the board on Monday due to prospects of fresh purchases by China,...
Asian stock markets mostly lower
TOKYO, Dec 10: Asian sharemarkets were mostly lower on Monday, with investors following the lead of Wall Street in electing to take profits....
Indian rupee steady
MUMBAI, Dec 10: The rupee ended barely changed on Monday as heavy weekend dollar supplies and remittances were absorbed by large state-run banks....
S. Arabia rules out foreign borrowing: Budget deficit
RIYADH, Dec 10: Saudi Arabia has ruled out foreign borrowings to meet the SR45billion ($12 billion) deficit projected in the budget for the year 2002 in which revenues were projected at...
Cotton market lacks lustre
KARACHI, Dec 10: The trading activity on the cotton on Monday was relatively slow as ginners were not inclined to further lower their asking prices because of parity reasons....
Move to sign MoUs with China opposed: Hydel power projects
MUZAFFARABAD, Dec 10: Azad Jammu and Kashmir Chamber of Commerce and Industry (AJKCCI) has urged the federal government to desist from proposed signing of memoranda of understanding (MoU) with the Chinese...
Reforms in Taxation system suggested
LAHORE, Dec 10: Small and Medium Enterprise Development Authority (Smeda) and Lahore Chamber of Commerce and Industry (LCCI) jointly organized a seminar here on Monday to discuss the problems being faced...
Effective export strategy sought
KARACHI, Dec 10: Chairman, advisory board of Korangi Association of Trade and Industry (KATI), Shaikh Manzar Alam, has urged the government to devise a suitable export strategy in light of the...
Gold prices slip
LONDON, Dec 10: Spot gold prices slipped under the $272 support level in European afternoon trading on Monday, tracking a weaker euro and hit by good selling, traders said....
Japan machinery orders fall
TOKYO, Dec 10: Japan’s private-sector machinery orders plunged 10.1 per cent in October from the previous month to a 14-year low as demand dried up amid a deep economic slump, the...