Sindh faces reduction in development programme: Opening up jobs
KARACHI, Oct 22: The ambitious Rs18 billion development programme for Sindh for the current fiscal year is bound to come under a big cut as the provincial government's decision to open up job opportunities for 43,000 will take up additional Rs3 billion from the tight revenue budget
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80pc population to get power by year 2015
ISLAMABAD, Oct 22: The federal government has prepared a power sector development plan with a target to provide electricity to 80 per cent of the country's population by the year 2015.
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Record cotton likely in Sindh
KARACHI, Oct 22: Sindh is going to reap a record cotton crop this season due to effective use of water and proper crop management. This was stated by Sindh Minister for Food and Agriculture Arif Mustafa Jatoi while chairing the last meeting of Cotton Crop Management Committee here on Thursday.
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Pakistan, Philippines form trade council
KARACHI, Oct 22: The Pakistan-Philippines Business Council has been established in Manila to strengthen and enhance bilateral trade and economic relations. According to information received at Export Promotion Bureau (EPB) here on Friday
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US to extend 'special favour' to Pakistan: Investment treaty
ISLAMABAD, Oct 22: The United States has agreed to prepare a new "Specific Draft for Pakistan" to help sign an early Bilateral Investment Treaty (BIT). Informed sources told Dawn here on Friday that the Bush government has decided to do a special favour to Pakistan
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Talks on Saarc draft taxation treaty on 26th
ISLAMABAD, Oct 22: The seven-Saarc member countries are likely to finalize draft multilateral tax treaty with limited scope with regard to avoidance of double taxation among the member countries.
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WB, IMF offer help to poor countries: Textile exports
GENEVA, Oct 22: The World Bank and International Monetary Fund said on Friday that poor textile-exporting countries could only expect help on a case-by-case basis to cope with the forthcoming end of import quotas.
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Oil prices at record highs on supply fears
LONDON, Oct 22: Oil prices surged on Friday, reaching a new record above $55 in New York on worries about low stocks of US heating fuel and strong demand ahead of the northern hemisphere winter.
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Prices rise further on cotton market
KARACHI, Oct 22: Cotton prices on Friday rose further as spinners continued to build up long positions at the current levels, fearing pressure on supplies owing to strong presence of the TCP and private sector exporters.
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Late covering purchases resist larger fall
KARACHI, Oct 22: Stocks on Friday resisted larger fall as a section of leading investors covered positions on selected counters at lower levels but the underlying sentiment remained bearishly inclined.
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