LPG sale in cylinders banned in city limits
KARACHI, May 20: As the City government is gearing up to prohibit sale of liquefied petroleum gas (LPG) in cylinders within city limits after issuing a notification on May 10 on safety ground, LPG distributors have sought time for 180 days...
AHSL plans 5m treasury stock buy-back
KARACHI, May 20: Arif Habib Securities Limited (AHSL) would buy-back to the maximum of 5 million shares of the company at Rs360 per share. The board which met on Friday announced that the company had decided to recommend to the Extraordinary General Meeting (EOGM)...
Disease destroys 10pc mango trees: Australian help sought
ISLAMABAD, May 20: The ministry of food, agriculture and livestock (Minfal) has requested the Australian government to send experts to detect the causes of an unknown disease called Sudden Death, which...
1.491m tons of seeds imported
ISLAMABAD, May 20: The government last month imported 1.491 million tons of different types of seeds worth Rs180 million, show figures of the Federal Seed Certification and Registration Department. Seeds of...
$31m ADB loan for agribusiness development
ISLAMABAD, May 20: The Asian Development Bank (ADB) has approved a loan of $31 million for agribusiness development project to help promote the development of a competitive and sustainable agribusiness sector....
Drive to achieve lint target launched
ISLAMABAD, May 20: Ministry of Food, Agriculture and Livestock (Minfal) has started a media campaign aimed at creating awareness among the cotton growers to achieve the 15 million bales target set...
China to raise tariff on textile exports
BEIJING, May 20: China will drastically raise export tariffs on 74 categories of textile products, the government said on Friday, in an apparent effort to avert further confrontation with the United...
Greenspan sees US oil inventories growing
NEW YORK, May 20: A modest easing in oil demand due to higher prices should keep crude oil inventories rising in the United States and elsewhere for some months, Federal Reserve...
Karachi Port operations
KARACHI, May 20: Five ships, including two to load cement and naphtha, are due to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing activity at the wharves...
Index falls 114 points on profit-selling in energy shares
KARACHI, May 20: Stocks on Friday fell across a broad front as investors indulged in profit-selling in energy shares at higher levels, while institutional traders remained conspicuous by their absence. The...
Prices rise further on cotton market
KARACHI, May 20: Cotton prices on Friday rose further as ginners held on to their stray unsold stock after a section of spinners resumed local buying. Market sources attributed the current...
Oil prices rise
LONDON, May 20: World oil prices rebounded on Friday, after slipping lower the previous day on higher US crude stocks, amidst a continuing strike at French energy giant Total and speculation...
Palm oil lower
KUALA LUMPUR, May 20: Malaysian crude palm oil futures fell almost 1 per cent on Friday after friendly export numbers for May 1 to 20 failed to inspire a rally, and...