Gold prices surge to Rs5,868: Imports come to halt
KARACHI, Feb 8: Gold prices surged by over Rs250 per 10 grams in the last four days to Rs5,868, from Rs5,615 on February 4. Gold has become costlier by Rs313 per...
Oil depots closure plan shelved
ISLAMABAD, Feb 8: The federal government has directed oil companies not to close down, for the time being, their existing depots due to prevailing emergency situation....
TCP stops buying lint from farmers: President urged to intervene
ISLAMABAD, Feb 8: The officials of the Ministry of Food and Agriculture has requested President Gen Pervez Musharraf to direct the Trading Corporation of Pakistan (TCP) to immediately buy lint from...
SECP amends audit rules for listed cos
ISLAMABAD, Feb 8: The Securities and Exchange Commission of Pakistan (SECP) has taken a number of measures to effectively regulate capital market and listed companies with the ultimate objective of making...
Oil prices firm
LONDON, Feb 8: Oil prices moved into positive territory on Friday, stemming a week-long slump caused by limp demand that has pushed up crude stocks in the United States....
Index up by 61.84 points on massive buying
KARACHI, Feb 8: The KSE 100-share index on Friday maintained its upward drive followed by massive buying in leading base shares and finished with an extended gain of 61.84 points after...
London gold above $304
LONDON, Feb 8: Gold held on to this week’s gains of over $20 in Europe on Friday, laying firm foundations for further price rises next week, traders said....
CIRC to auction nine units this month
LAHORE, Feb 8: The Corporate & Industrial Restructuring Corporation (CIRC) intends to auction nine more sick units during this month....
Garment export board planned
KARACHI, Feb 8: The government is going to set up a garment export board with a view to increasing the export of value-added textiles to $4 billion in four years....
No dividend by SSGC
KARACHI, Feb 8: The board of directors of Sui Southern Gas Company (SSGC) has not recommended any dividend for the shareholders despite earning an after-tax profit of Rs1,024 million in July-December...
Cotton market lacks lustre
KARACHI, Feb 8: Cotton market on Friday passed through a relatively quiet session owing partly to a short Friday session and absence of leading spinners....
Growth seen in consumer business
KARACHI, Feb 8: Many parts of the system have come together for foreign banks’ consumer business to grow, says Zubyr Soomro, President of the Pakistan Bank Association (PBA) and adds: “You...
UNCTAD project objectives explained
KARACHI, Feb 8: A team of four consultants of the United Nations Conference and Trade and Development (UNCTAD) is in the city to organize a one-day Trade and Transport Facilitation Project...
Karachi Port operations
KARACHI, Feb 8: Seven ships, including Aspheron to load 15,000 tons of mogas against an export order, are due to arrive at the outer anchorage on Saturday....
Exports to France
KARACHI, Feb 8: In spite of the unfortunate incident of Sept 11, Pakistan’s exports to France in the year 2001, remained stable at 353 million euros....
Aptma plays down ginners hue, cry
KARACHI, Feb 8: The chairman, Aptma Nadeem Maqbool has said that the hue and cry created by ginners over unsold stocks is uncalled for, and advised the TCP to refrain from...
Transparency in business stressed
KARACHI, Feb 8: A stress has been laid down to focus on such values which could immediately address customers’ pain and meet their demand before getting engaged in product development and...
BoK launches travellers cheques
PESHAWAR, Feb 8: The Bank of Khyber (BoK) on Friday launched Khyber Rupee Travellers Cheques (KRTCs) of Rs5,000, Rs10,000 and Rs50,000 denominations....
Trading in Security TFCs
KARACHI, Feb 8: The KSE on Friday approved the application for listing and quotation of Term Finance Certificates of Security Leasing Corporation Limited on completion of all formalities required under the...