Wholesale, retail trade falls to 2.24pc
KARACHI, Oct 30: Thanks to the economic policies and government decisions, the wholesale and retail markets are now gradually wearing ghost look as buyers are deserting because of empty pockets, and...
Shaukat seeks more access to US market
ISLAMABAD, Oct 30: Pakistan has sought more market access, debt relief and enhanced budgetary support from the United States....
EPB draft plan to boost export
KARACHI, Oct 30: Minister of state and chairman Export Promotion Bureau Tariq Ikram on Wednesday said that the EPB had prepared a comprehensive draft of export development plan which will work...
Oil prices retreat
LONDON, Oct 30: IPE Brent crude futures fell back sharply in late afternoon trade after an earlier spike on the back of bullish US energy stock levels....
New afghani fails to attract dealers
PESHAWAR, Oct 30: The newly introduced afghani has failed to attract the local currency market owing to uncertain political situation inside Afghanistan, currency dealers in Peshawar’s main money exchange market said....
Yield on one-year TBs down slightly
KARACHI, Oct 30: The State Bank on Wednesday slightly lowered the cut-off yield on one-year treasury bills to mop up Rs37.4 billion from a not-so-liquid market....
World rice trade may touch 26.1m tons next year
BANGKOK, Oct 30: The global trade in rice will soar to record highs next year despite a decline in the Asian harvest, the UN’s Food and Agriculture Organization (FAO) said on...
Listed Companies Ordinance
ISLAMABAD, Oct 30: The President has promulgated an Ordinance to be called the Listed Companies (Substantial Acquisition of Voting Shares and Take-overs) Ordinance-2002....
Wapda exempted from ST liabilities
ISLAMABAD, Oct 30: The Central Board of Revenue has exempted the sales tax liabilities adjudged against Wapda in respect of supplies of electricity....
Bulls tighten hold on stock market
KARACHI, Oct 30: Stocks on Wednesday remained in a bullish frame of mind boosted by massive short-covering followed by reports of higher interim profits announced by PTCL and Unilever Pakistan....
Prices ease on cotton market
KARACHI, Oct 30: Cotton prices on Wednesday eased modestly from the recent higher levels as arrivals of phutti into the ginneries gathered fresh momentum....
Karachi port operations
KARACHI, Oct 30: Three ships, including a wheat loader and an oil tanker with palm oil, are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
Airbus order
TOULOUSE, Oct 30: European aircraft manufacturer Airbus won a deal to supply up to 240 new planes to British budget airline EasyJet, beating US rival Boeing to the biggest single aircraft...
Citigroup splits stock research, investment
NEW YORK, Oct 30: Citigroup, caught in an industry-wide stock analysis scandal, announced on Wednesday it will set up a new unit to drive a wedge between stock analysts and investment...
ICAP gold medals for students
KARACHI, Oct 30: The Institute of Chartered Accountants of Pakistan (ICAP) at a ceremony conferred gold medals on students on outstanding performance in the institute’s professional examinations as well as foundation/...
Acceptance of return urged
ISLAMABAD, Oct 30: Federal Tax Ombudsman Justice Saleem Akhtar has asked the Commissioner of Income Tax, Karachi, to accept the return of an assessee under Self Assessment Scheme....
CU Managed Fund
KARACHI, Oct 30: Commercial Union Life Assurance Co (Pakistan) Ltd has announced that the Offer and Bid prices for the insured units of its Managed Fund effective from October 31 are...
Opec happy with oil price, supply
NEW DELHI, Oct 30: Leading Opec officials said on Wednesday they were happy with oil prices, shrugging off rampant quota-busting which the cartel admits is running 10 per cent over official...