Paksaudi Fertilizer goes to FFC
ISLAMABAD, Sept 19: The Privatization Commission on Thursday transferred the remaining 10 per cent shares (6 million) of Paksaudi Fertilizer Limited to the Consortium led by Fauji Fertilizer Company Limited at...
Commerce minister’s wishful thinking
KARACHI, Sept 19: In a country where average per capita monthly income is hardly Rs2,000, about 40 per cent people are under nourished, housing stock is one of the lowest in...
Hubco gets lenders pre-approval agreement
KARACHI, Sept 19: Hub Power Company Limited (Hubco) said that the company had obtained lenders agreement so that dividends might be pre-approved by the lenders before they get to be declared...
US panel okays textile benefit for Pakistan
WASHINGTON, Sept 19: A congressional committee on Wednesday approved a bill that would provide Pakistan a small reward for its help in the US war on terrorism by eliminating duties on...
Provinces asked to attract investment: Industrialization
ISLAMABAD, Sept 19: Commerce Minister Abdul Razak Dawood has said that provinces must play their role in attracting investment and putting the country on industrial high roads....
Bulls tighten grip: index recovers another 26 points
KARACHI, Sept 19: Stocks on Thursday staged a snap rally as financial institutions assisted by leading bulls covered positions in most of the pivotals under the lead of PSO, paving the...
Oil prices go up by 20 to 34 paisa
KARACHI, SEPT 19: The Oil Companies Advisory Committee (OCAC) finally increased the prices of all oil products by 20 to 34 paisa per litre on Thursday after keeping a freeze on...
Fertilizer Tunisia for increased export quota
ISLAMABAD, Sept 19: The Tunisian government has asked for enhancement of fertilizer exports quota to Pakistan aiming to bridge the trade gape between the two countries....
Revenue target achievable: Shaukat
ISLAMABAD, Sept 19: Federal Finance Minister, Shaukat Aziz on Thursday said that the tax collection target of Rs460 billion set for the current financial year would be achieved easily....
Fudda new KSE MD
KARACHI, Sept 19: Moin M. Fudda, former country chief of Commercial Union in Pakistan and immediate past president of the Overseas Investors Chamber of Commerce & Industry has been appointed as...
Opec holds oil output steady
OSAKA, Sept 19: The Opec oil cartel announced on Thursday that oil production would remain unchanged, but an extraordinary meeting had been called for December to reassess the Middle East political...
Steady trend on cotton market
KARACHI, Sept 19: Cotton market on Thursday finished on a steady note as ginners were not inclined to hold long positions owing to a highly volatile price trend....
Rice exporters against double PSI
KARACHI, Sept 19: Small and medium size rice exporters have asked the Export Promotion Bureau (EPB) not to insist for quality inspection of basmati rice because their consignment had been already...
MIGA to provide political risk cover
SINGAPORE, Sept 19: While foreign investment into Asia has once again reached pre-crisis levels, the recovery has been unbalanced. Some countries have recovered fully, while others continue to see a slump...
Drawback refund
KARACHI, Sept 19: The acting Chairman of Towels Manufacturers Association S.M.A. Rizvi on Thursday said Central Board of Revenue was ignoring the Karachi-based exporters as far as refund of drawbacks was...
Karachi Port operations
KARACHI, Sept 19: Three ships carrying containers and fertilizer are due to arrive at the outer anchorage on Friday, according to KPT sources....
Euro-zone industrial output down
BRUSSELS, Sept 19: Industrial output in the 12-nation euro zone declined 0.9 percent in July compared to June and was down 0.5 per cent from July 2001, the statistics office Eurostat...
Palm oil prices up
KUALA LUMPUR, Sept 19: Malaysia’s palm oil futures firmed across the board on Thursday due to refiners covering and talk of supportive exports number for September 1-20, traders said....