42 varieties of 3 major crops banned
LAHORE, Feb 19: The Punjab Seed Council (PSC) has approved two new varieties of cotton and sugarcane for cultivation but, more significantly, it has also banned the use of 42 varieties of cotton, wheat and sugarcane.
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Essentials demand up by 10-100pc in Muharram
KARACHI, Feb 19: Like all other religious occasions, Muharram has also its economic significance when demand of commodities like pulses, flour varieties, rice, sugar, wheat, juices, dry fruits, spices, etc.
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Textile worker in Pakistan gets lowest wages
KARACHI, Feb 19: An international labour survey conducted by the world known consultant Werner has found a textile worker in Pakistan getting one of the lowest wages in the world.
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Cement industry carries out huge expansion plan
KARACHI, Feb 19: A large scale expansion and modification along with setting up of new units are currently under way by steel and cement industry in order to meet growing demand on account of current boom
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Shaukat, Ibrahim discuss trade
JEDDAH, Feb 19: Saudi Finance Minister Dr Ibrahim al Asaf called on Prime Minister Shaukat Aziz here on Saturday and discussed various issues relating to Pakistan-Saudi investment and promotion of trade and commerce relations.
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Body set up to exploit coal reserves
ISLAMABAD, Feb 19: The government has constituted a five-member committee for maximum utilization of coal reserves in Sindh for power generation and to facilitate the investors in this regard.
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Trade policy implementation remains slow
ISLAMABAD, Feb 19: The commerce ministry has so far failed to implement the whole of the initiatives announced in the last two years trade policies for the promotion and enhancement of the exports.
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Malaysia to issue Asian bonds
KUALA LUMPUR, Feb 19: Malaysia plans to issue bonds under the Asian Bond Market Initiative, and has asked local investment banks to propose the structure of the bonds, The Edge business weekly said in its latest issue.
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India seeks stakes in Russian, Kazakh oil projects
NEW DELHI, Feb 19: India is stepping up efforts to buy stakes in Russian oilfields and is poised to invest in oil and gas projects in Kazakhstan as a part of its strategy to secure energy supplies for its booming economy, officials said.
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Kabul seeks foreign investment
JEDDAH, Feb 19: President Hamid Karzai on Saturday appealed for foreign support to rebuild Afghanistan's war-battered infrastructure, insisting his country is as secure as others in the region.
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Bush urges Europe to cut farm subsidies
WASHINGTON, Feb 19: President George W. Bush said on Saturday he would emphasize his call for Europeans to reduce trade barriers on farm goods during an upcoming trip to Europe.
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US stocks rise, drugs lead way
NEW YORK, Feb 19: US blue-chip stocks finished higher on Friday, lifted by sharp rises in drug makers Merck & Co Inc and Pfizer Inc following favourable rulings on their pain-killing products
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