New players enter car market
KARACHI, Sept 17: The Pakistani car market, dominated by Japanese car assemblers, is now undergoing changes, as some more local businessmen have ventured into the car assembly in collaboration with China to carve a niche in the overheated car market....
Ishrat warns bankers of dazzling temptations
KARACHI, Sept 17: State Bank Governor Dr Ishrat Husain, in his last ceremonial address to top bankers of the country, warned them on Saturday against dazzling temptations that might weaken their will to work honestly....
Efforts on to contain inflation at 8 per cent
ISLAMABAD, Sept 17: The government has asked the economic ministries concerned to “ensure price stability” with a view to achieving 8 per cent inflation target during 2005-06 at all cost....
Imports under ATT on decline
ISLAMABAD, Sept 17: The import value of Afghan Transit Trade (ATT) declined by 25 per cent in the first two months (July-August) of the current fiscal year over the same months of the last year....
US hopeful of progress on farm trade talks
WASHINGTON, Sept 17: The United States and the European Union still have major differences on agriculture, but talks this week raised hope the two sides can work together to help reach...
SBP chief for fair return to depositors
KARACHI, Sept 17: The State Bank Governor Dr Ishrat Husain said here on Saturday he was unhappy that the banks have not been giving a fair return to depositors for some years....
Investment under CFS stands capped
KARACHI, Sept 17: Total investment under the Continuous Funding System (CFS) on the Karachi Stock Exchange throughout the previous week stood unchanged at the cap level of Rs25 billion, demonstrating that...
Package for investment in Gwadar soon: PM
GWADAR, Sept 17: The Federal Government will soon announce a comprehensive incentives package to attract investment in Gwadar with particular focus on fisheries, refinery, packaging, etc....
Essential items’ prices decline
ISLAMABAD, Sept 17: The Sensitive Price Index (SPI) declined by 0.09 per cent during the week ending September 15, over the previous week, according to a weekly price data released by the Federal Bureau of Statistics here on Saturday....
Active trading on cotton market
KARACHI, Sept 17: Active trading was witnessed on the cotton market on Saturday as price ideas of both spinners and ginners found a meeting ground in line with their parity levels....
Humayun to meet Indian chamber officials
ISLAMABAD, Sept 17: Commerce Minister Humayun Akhtar Khan will meet officials of the Federation of Indian Chamber of Commerce and Industry (FICCI) in New Delhi on Monday....
MoU signed to promote trade
ISLAMABAD, Sept 17: The Islamabad Chamber of Commerce and Industry (ICCI) and the Pakistan Canada Business Forum (PCBF) on Friday signed a memorandum of understanding (MoU) to enhance liaison and cooperation...
Pakistan, India trade committee proposed
KARACHI, Sept 17: Karachi Chamber of Commerce and Industry President Khalid Firoz and Indian Merchants Chamber, Mumbai, President Rajesh G. Kapadia have agreed in principle to form an ‘Indo-Pak trade committee’ to enhance trade ties between Pakistan and India....
Karachi Port operations
KARACHI, Sept 17: Eight ships, including Fu Zhou carrying 152,000 tons of sugar, are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
China needs more reforms to sustain economic growth
BEIJING, Sept 17: China’s 25-year economic miracle is likely to be sustained for “some time” and its booming economy should grow by 9.0 per cent this year and 9.2...
Eurozone GDP growth forecast to be lowered
BUDAPEST, Sept 17: The European Commission will cut its forecast for economic growth of 1.6 per cent in the euro zone this year because of high oil prices which slow growth, Economic and Monetary Commissioner Joaquin Almunia said on Friday....
Oil prices beat steady retreat, gold prices soar
LONDON, Sept 17: Oil prices fell this week amid forecasts of slowing demand that were offset slightly by further drops of US stockpiles triggered by Hurricane Katrina....
Opec expected to raise output, push for more refining
PARIS, Sept 17: Top Opec ministers begin gathering on Saturday for a meeting at which they could increase official crude oil output, though analysts and the officials themselves say the reasons for high oil prices lie elsewhere....
Canadian dollar up on US data
TORONTO, Sept 17: The Canadian dollar climbed against the greenback and hit multiyear highs versus the euro and yen on Friday, helped by weak US data and concerns over this weekend’s German election....