Ministerial body rejects feasibility report: Turkmen gas pipeline
ISLAMABAD, Dec 8: The tri-nation ministerial steering committee on $2.6 billion Turkmenistan-Afghanistan-Pakistan (TAP) gas pipeline project on Monday rejected a feasibility study conducted by the project consultants and called for “redoing”...
Karachi Port to acquire new fleet of craft
KARACHI, Dec 8: The Karachi Port has embarked upon an extensive modernization plan to enhance its shipping and cargo handling capacity by inducting new fleet of craft required to boost its...
NSS rate cut: govt faces difficult situation
KARACHI, Dec 8: In respect of the cut in rate of returns on National Saving Schemes (NSS), in January 2004, the government faces the Hobson’s choice: damned if does and damned...
UK team to promote trade cooperation
KARACHI, Dec 8: The leader of the visiting Britain trade delegation, Michael J. Brosch has said that the delegation has come to explore opportunities for collaboration with Pakistani businessmen and entrepreneurs...
Minister due today
ISLAMABAD, Dec 8: A business delegation led by United Kingdom (UK) minister of state for foreign and commonwealth affairs (incharge of trade, trade policy, South East Asia, South Asia and Afghanistan,...
Gold prices at new peak of Rs7,715
KARACHI, Dec 8: Local bullion rates have touched the new peak of Rs7,715 per 10 grams on Monday as a result of rising price trend of gold which peaked to $409...
Gulf, Saudi investors interested in sell-off
DHAHRAN, Dec 8: A number of Saudi and Gulf investors are showing interest in the privatization process in Pakistan. The privatization process in Pakistan has earned more than Rs16 billion within...
Pakistan, Kazakhstan sign trade accord
ISLAMABAD, Dec 8: Pakistan and Kazakhstan on Monday signed an agreement to promote and protect bilateral trade and investment and enhance economic, scientific and technical cooperation....
Ministry to help traders in tapping new markets
ISLAMABAD, Dec 8: The ministry of commerce will facilitate exporters in tapping new markets for their products to enhance country’s share in the international trade....
KSE 100-share index recovers 45.98 points
KARACHI, Dec 8: Stocks on Monday turned in a credible performance on strong buying aided by rumours about the fixing of final bidding date for the sell-off of controlling shares of...
ADB sees higher growth in 2004: Developing economies
MANILA, Dec 8: Asia’s developing economies are expected to post higher-than-expected average growth of 5.7 per cent in 2003 and 6.2 per cent next year, the Asian Development Bank (ADB) forecast...
EU moves WTO over Indian trade measures
BRUSSELS, Dec 8: The European Commission said on Monday it would dispute Indian trade restrictions at the World Trade Organization, saying India’s anti-dumping measures have hit 50 million euros of EU...
Most deals finalized at previous rates
KARACHI, Dec 8: Trading activity on the cotton market on Monday remained light as spinners kept to the sidelines most of the time apparently having look at their inventories before resuming...
Mid-term changes in FPCCI opposed
QUETTA, Dec 8: The Vice President of Federation of Pakistan Chambers of Commerce and Industry, Sardar Mohammad Ali Jogezai has deplored the moves by a group to replace the FPCCI president...
Karachi Port operations
KARACHI, Dec 8: Five vessels carrying containers and chemicals are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
Port Qasim
KARACHI, Dec 8: Two ships carrying chemicals were allotted berths at Multi Purpose Terminal and Engro Vopak Terminal during the last 24 hours, said a PQA press release on Monday....
Iran faces petrol shortages
TEHRAN, Dec 8: With fuel consumption up and the government unwilling to run the risk of cutting its hefty subsidies at the forecourt, Iran is facing the prospect of serious petrol...
Fed may keep rates steady
WASHINGTON, Dec 8: Federal Reserve policymakers will hold US interest rates at a 45-year low on Tuesday and no increase is likely before late 2004 despite an economic boom, analysts said....
Trade team
KARACHI, Dec 8: An FPCCI delegation left for South Africa, Mozambique and Swaziland on Sunday to explore avenues for promoting bilateral trade and economic ties with these countries....