Quota-free regime Textile Product prices may fall
GENEVA, March 28: Prices of textile products are likely to scale down in the major textile exporting countries, including Pakistan, following the elimination of quotas and quota price premium by the...
Shipping lines raise bunker charges
KARACHI, March 28: The shipping lines calling at the Karachi and Qasim ports have increased bunker charges to $95 per 20 feet container and $190 per 40 feet container with effect...
Pesticide policy to encourage investment
ISLAMABAD, March 28: The Minister for Industries and Production, Liaquat Ali Jatoi, has said early completion of pesticide industrial policy will encourage investors to set up manufacturing facilities in the country....
NWFP begins preparations for budget: Confusion over NFC award
PESHAWAR, March 28: The NWFP government has undertaken exercises at various levels to prepare its budget for the next financial year amidst growing confusion about the new National Finance Commission award...
Pakistan, Afghanistan JEC meets today
ISLAMABAD, March 28: Pak-Afghan Joint Economic Commission (JEC) is meeting in Kabul on Saturday with a view to strengthen trade and economic relations between the two countries....
Efforts on to promote foreign investment
ISLAMABAD, March 28: Prime Minister’s Adviser on Investment and Privatization Dr Hafeez Sheikh said on Friday the government was making all out efforts to promote and encourage foreign investment through vital...
TCP issues sugar sale tender
KARACHI, March 28: The Trading Corporation of Pakistan issued a tender on Friday to sell 25,000 tons of white refined sugar from the government stocks, a senior TCP official said....
Rice export unaffected
KARACHI, March 28: Pakistan rice exports have not been hampered by the Iraq war so far, but exporters feared substantial losses in business if the war lasted for several more weeks,...
WTO to miss deadline for farm deal
GENEVA, March 28: Members of the World Trade Organization will not be able to meet the March 31 deadline to set the guidelines and targets for their farming negotiations, the talks’...
Oil prices fall
LONDON, March 28: Oil prices slipped back marginally here on Friday, after initially shooting up to their highest level since the war in Iraq began, as dealers reacted to fears about...
Bulls tighten grip: index gains 25 points
KARACHI, March 28: Stock prices rose further across the board on Friday as investors continued to inflate their portfolios on selected counters supported apparently by some local positive factors, notably an...
NWFP for greater share in CED on tobacco
PESHAWAR, March 28: The NWFP government has moved the Centre for allocating greater share from the collection of central excise duty on tobacco and payment of full capped share amount of...
Spinners, mills make fresh commitments
KARACHI, March 28: The cotton market on Friday passed through an actively traded session as spinners and leading mills made fresh commitments against their forward sales of cotton yarn....
China wheat futures
SHANGHAI, March 28: China rolled out its first futures contract in at least five years on Friday, paving the way for the launch of other derivatives later this year that might...
Karachi Port operations
KARACHI, March 28: Four ships carrying containers and general cargo are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
Right shares
KARACHI, March 28: Southern Electric Power Company Limited announced on Friday that it had received Rs158.4 million as the sponsors/directors entitlement against its issue of right shares at 33.33 per cent...
Commodity markets
MULTAN, March 28: The following are Friday’s upcountry commodity market rates in rupees:...
Malaysian palm oil
KUALA LUMPUR, March 28: Malaysian palm oil futures closed mostly higher after a volatile session on Friday, but chartists saw downside potential despite prospects of good exports. At the close...