PC removes 24 PTDC assets from sell-off list
ISLAMABAD, Aug 22: The government has decided to exclude 24 hotels and motels of the Pakistan Tourism Development Corporation (PTDC) from the privatization list mainly because of their ownership problems....
Govt yet to come up with strategy: Forthcoming WTO moot
KARACHI, Aug 22: Less than twenty days are left for the WTO’s ministerial meeting on September 10, at Cancun, Mexico. The business community of the country is confused and nervous over...
SBP, SECP for strong regulatory framework
ISLAMABAD, Aug 22: The State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) will work in close cooperation to build up a strong and effective regulatory...
Plan to raise domestic edible oil output
ISLAMABAD, Aug 22: The Pakistan Oilseeds Development Board has devised a national plan of action that envisages to raise the share of indigenous production in total consumption from 30 to 50...
Oil prices ease
LONDON, Aug 22: Oil prices fell back marginally on Friday after the previous day’s gasoline-fuelled rises, although analysts said that a “nervous” market could move up again soon....
Honda Atlas Cars
KARACHI, Aug 22: The car assembler that is now placing front page ads in newspapers may have intended to keep a thick layer on the mystery shrouding the “approaching unidentifiable car”....
Experts discuss Opec quota
LONDON, Aug 22: Opec oil exporters held a meeting on Friday to discuss the distribution of oil supply quotas among the cartel’s 11 members on Friday but little change was expected...
Afghan trade value up by 11.6pc
ISLAMABAD, Aug 22: The value of Afghan Transit Trade (ATT) increased by 11.6 per cent during the first month of financial year 2003-04 over the corresponding month of last year....
KSE 100-share index crosses 4,400-point barrier
KARACHI, Aug 22: Stocks on Friday showed mixed trend and finished well below the day’s highs on late weekend selling in Hub-Power despite reports of a good final dividend in its...
US economy shows recovery, eurozone in recession
PARIS, Aug 22: The economic gap is widening across the Atlantic as the United States is showing tangible signs of recovery and the eurozone is slipping into recession, sinking the euro...
Cotton prices fall on panic-selling
KARACHI, Aug 22: Cotton prices on Friday failed to extend the overnight run-up as some of the leading ginners indulged in hasty selling apparently in a bid to clear the long...
CBR transfers, postings
ISLAMABAD, Aug 22: The Central Board of Revenue has transferred and posted 43 collectors, deputy collectors and assistant collectors....
Air France sees Asia ‘priority region’
PARIS, Aug 22: French national carrier Air France says that Asia has become a “priority region” for its operations, and that this objective will play a central role in its upcoming...
Asean plans rice reserves
KUALA LUMPUR, Aug 22: Southeast Asian agriculture ministers on Friday proposed creating emergency rice stocks for their countries to help one another through shortages of the grain, the staple food of...
Lebanon puts off power sell-off
BEIRUT, Aug 22: Lebanon said on Friday it had postponed long-awaited plans to sell 40 per cent of its money-losing power monopoly, a move that had been expected to help the...
Dollar higher against yen
LONDON, Aug 22: The euro was on Friday settling itself in below the symbolic 1.1-dollar mark as further signs of recovery in the US economy hit the single European currency....
Palm oil futures
KUALA LUMPUR, Aug 22: Malaysia’s crude palm oil futures were softer in late trade on Friday, unable to find more support from the weather-driven Chicago soy market, but pre-weekend covering helped...
Karachi Port operations
KARACHI, Aug 22: Six ships carrying containers and general commodities are due to arrive at the outer anchorage on Saturday, according to KPT sources....
Port Qasim
KARACHI, Aug 22: Two container ships, Ville De Mars and Maersk Avon, scheduled to load and offload containers were allotted berths at the QICT during the last 24 hours, said a...