Cement sale, HBFC loan on rise: Construction industry
KARACHI, June 27: The State Bank’s third quarterly report released on Thursday give three indicators to show that labour-intensive construction industry has already been revived and activated....
Social compliance to benefit export
KARACHI, June 27: Delay in creating conditions for adopting social compliance under WTO regime on labour, environment and security for the industry seems to be hampering exports, which could easily touch...
Govt to set up farm advisory board
ISLAMABAD, June 27: Federal Minister for Food and Agriculture Yar Muhammad Rind on Friday said that the government has decided to constitute “Agriculture Advisory Board” to monitor the performance of Agriculture...
Pakistan seeks more US investment
WASHINGTON, June 27: President General Pervez Musharraf has urged US investors to invest in Pakistan because the country is offering a high return on their investments....
Jatoi dissatisfied with Smeda, SME Bank working
ISLAMABAD, June 27: Industries and Production Minister Liaquat Ali Khan Jatoi on Friday expressed dissatisfaction over the performance of Smeda and criticized SME Bank for charging high interest rates....
Amendments in SRO507 termed an ‘eye wash’
KARACHI, June 27: Businessmen and industrialists are not happy with the amendments in the SRO 507 introduced by a new SRO 592(I) 2003. They said despite the new amendments, “a manufacturer...
State Bank clarifies GDP growth
KARACHI, June 27: The State Bank of Pakistan has clarified the impression created by its third quarterly report released on Thursday that it estimates Pakistan’s real GDP growth rate at 4.6...
Investment plan
LA BAULE, France, June 27: French Prime Minister Jean-Pierre Raffarin vowed here on Friday to make the country more attractive to investors through fiscal and social incentives for foreign executives, graduate...
Indian tea team leaves for Pakistan today
NEW DELHI, June 27: A 14-member delegation of the Indian Tea Industry would leave tomorrow (June 28) on a five-day business trip to Pakistan via Dubai....
Global funds
LONDON, June 27: Global fund managers cut their US bond holdings in June and switched to euro zone debt to take advantage of better interest rate returns in Europe, but they...
KSE 100-share index crosses 3,400-point mark
KARACHI, June 27: The KSE 100-share index closed the week slightly above the 3,400 point level after having shown highly erratic movements, but analysts are still divided over its journey beyond...
Traders unmoved by trade pact with US
KARACHI, June 27: Pakistan businessmen gave a cautious welcome on Friday to a trade agreement signed by Pakistan and the United States this week, dismissing any significant potential returns for the...
Karachi Port operations
KARACHI, June 27: Seven ships carrying DAP fertilizer, palm oil and general cargo are due to arrive at the outer anchorage on Saturday, according to KPT sources....
Turkey, Russia fail to resolve gas row
ANKARA, June 27: Turkey said Friday that negotiations over the price of natural gas imported from Russia have broken down and both sides are to seek international arbitration....
Prices ease further on cotton market
KARACHI, June 27: Cotton prices eased further on Friday as some of the ginners holding odd lots of lint sold in part their holdings apparently disappointed by the falling demand from...
CA firms fined for negligence
ISLAMABAD, June 27: The Securities and Exchange Commission of Pakistan (SECP) has penalised two chartered accountant firms, Arman & Co and Sajjad Safri & Co for negligence in the performance of...
Ratings assigned
LAHORE, June 27: The Pakistan Credit Rating Agency (Pacra) has assigned the Trust Investment Bank Limited (TIBL) long-term and short-term ratings of “BBB-” (triple B minus) and “A3” (single A three)....
Directive to clear consignments
ISLAMABAD, June 27: The Central Board of Revenue has directed all collectors of customs to clear all consignments lying at ports to raise maximum revenue for achieving the annual target of...
Trade talks
NEW DELHI, June 27: India and China will join forces to lobby on behalf of developing countries on contentious trade issues such as agriculture and pharmaceuticals at WTO talks, Indian Commerce...