Steel industry faces uneven competition
KARACHI, Dec 3: Why is it that every US dignitary visiting Pakistan makes it a point to show up at the Lahore University of Management Sciences (LUMS) where quite a few...
Shaukat assures consistency in policies
KARACHI, Dec 3: Shaukat Aziz, adviser to the Prime Minister on Finance & Economic Affairs told the Karachi Stock Exchange on Tuesday that the government was heading in the direction which...
Developing states reject US zero tariff plan
GENEVA, Dec 3: Developing countries on Monday rejected a US call at world trade
talks to abolish tariffs on industrial and consumer goods by 2015, saying it would hurt poorer states...
Legal movement of rupees into Kabul allowed
KARACHI, Dec 3: The non-governmental organizations and the UN and other donor agencies operating in Afghanistan can now fund their activities with ease....
Exports to undergo scrutiny in US
KARACHI, Dec 3: The US Customs Service has announced new disciplines and procedures for shipment to the US with heavy penalties to exporters on violation....
Jatoi suggests steps to improve investment
ISLAMABAD, Dec 3: Federal Minister for Industries and Production Liaqat Ali Jatoi issued fresh guidelines on investors facilitation and investment promotion during his visit to the Board of Investment (BoI), here...
Govt to focus on employment, poverty
KARACHI, Dec 3: Prime Minister Mir Zafarullah Jamali wants Shaukat Aziz, adviser to the PM on economic affairs, to focus on economic policies that could generate jobs, minimize sufferings of the...
Goods declaration system at PQ launched
ISLAMABAD, Dec 3: The Central Board of Revenue (CBR) has introduced first ever Pakistan Goods Declaration (PGD) system at Port Muhammad Bin Qasim for speedy clearance of cargo....
Eurozone growth prospects still grim
BRUSSELS, Dec 3: Senior eurozone officials are painting a grim picture of the currency bloc’s growth prospects ahead of a much-anticipated European Central Bank move later this week to slash interest...
Geopolitical instability hits economies
KARACHI, Dec 3: Geopolitical instability provoked by international terrorism and the Iraq crisis has resulted in a sharp deterioration in the world economic climate, an international survey of business opinion for...
Livestock export pushes meat price higher
KARACHI, Dec 3: A sudden rise in export of livestock for over one year has not only pushed meat prices higher in the domestic market but has also deprived the tanning...
Prices move up on cotton market
KARACHI, Dec 3: Cotton market on Tuesday maintained a firm trend as ginners raised their asking prices followed by reports of a substantial fall in arrivals of phutti into the ginneries....
Karachi Port operations
KARACHI, Dec 3: Three ships carrying containers and tallow are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
PVMA seeks action against producers: Harmful ghee
LAHORE, Dec 3: The Pakistan Vanaspati Manufacturers Association (PVMA) has urged the government to take strong action for curbing poor and bad manufacturing practices by unregistered ghee producers playing with people’s...
Refund of Rs4.466m ordered
ISLAMABAD, Dec 3: The Federal Tax Ombudsman (FTO), Justice Saleem Akhtar, has directed the Central Board of Revenue (CBR) to refund Rs4.466 million to a complainant immediately....
Drawback on modal fibre
ISLAMABAD, Dec 3: The Central Board of Revenue (CBR) has allowed exporters to claim duty drawback on export of modal fibre yarn to boost its exports....
ABL anniversary
KARACHI, Dec 3: The celebrations of the 60th anniversary of Allied Bank started on Tuesday with the bank employees offering prayers and reciting the Holy Quran at the central office here....
Czech privatization flops costing economy dearly
PRAGUE, Dec 3: Several bungled privatizations are costing the Czech government dearly ahead of the country’s entry into the European Union in 2004, risking delays in needed infrastructure investments and even...
Japan banks hit by $16.1bn new bad loans
TOKYO, Dec 3: Japan’s 12 major banks saw the emergence of two trillion yen (16.1 billion dollars) in new nonperforming loans in the fiscal first half through September, a report said...
Malaysian palm oil ends flat
KUALA LUMPUR, Dec 3: Malaysian palm oil futures were flat at the close on Tuesday, weighed down by a sagging Chicago soy market as news about India’s decision to lift base...