Exports to China up 36 per cent in nine months
BEIJING, Nov 9: Pakistan’s exports to China show an upward trend, registering an increase of about 36 per cent in nine months of this year. The exports were amounted to around...
Cellphone users to reach 16m by Dec
ISLAMABAD, Nov 9: The Pakistan Telecommunication Authority (PTA) in its annual report 2005 has forecast over 16 million mobile cellular telephone subscribers by December 2005, which is expected to cross 26 million by 2006....
WTO members admit failure in latest talks
GENEVA, Nov 9: Top WTO negotiators said on Wednesday that they had failed to bridge key differences on a global trade accord in talks this week acknowledging that the scope of...
Free trade deal hinges on Saarc moot in Dhaka
DHAKA, Nov 9: The future of a South Asian free trade deal — considered the best hope of a better living for millions of poor — hinges on a meeting of...
Sino-US textile to stabilize trade
SHANGHAI, Nov 9: China said on Wednesday a tough trade deal to curb its soaring textile exports to the United States will make trade more predictable and stable, but industry experts reacted to the accord with scepticism....
Bestway to take over Mustehkam Cement
ISLAMABAD, Nov 9: The Privatization Commission of Pakistan has privatized state-owned Mustehkam Cement Limited (MCL) and its ownership, management and control is being handed over to the Bestway Group of UK, says an official handout here on Wednesday....
Bush to press for WTO progress
WASHINGTON, Nov 9: US President George W. Bush said late on Tuesday he would use upcoming talks in Asia to press for the dismantling of trade barriers and to call on China to reform its currency and copyright protection regimes....
Pakistan to finalize GDR issue in Nov
SINGAPORE, Nov 9: Pakistan is looking to raise funds overseas by selling shares of one of its state firms and the details should be finalized by the end of this month, a senior government official said on Wednesday....
Central Asian nations discuss revival of trade
KABUL, Nov 9: Ten Islamic, mostly Central Asian nations, met in Afghanistan on Wednesday to push their aim of slashing tariffs and freeing up trade in the region once spanned by the Silk Route....
Moody’s upgrades NBP’s rating
KARACHI, Nov 9: The Moody’s Investors Service has upgraded the rating of the National Bank of Pakistan (NBP) amid reports of improved financial strength of the Bank....
Asian reserves fell in Oct
SINGAPORE, Nov 9: Asia’s foreign exchange reserves, excluding China, fell for a second consecutive month in October as foreign cash poured out of regional equity markets, analysts said....
Asian stocks close mixed
HONG KONG, Nov 9: Asian stocks closed mixed on Wednesday with opinions divided over the short to medium term outlook for the markets and whether or not interest rates have peaked, dealers said....
Oil falls before US stock data
LONDON, Nov 9: World oil prices fell further on Wednesday before data expected to show a rise in US crude inventories, analysts said. The Department of Energy (DoE) would reveal stockpile...
Kenyan tea prices ease
NAIROBI, Nov 9: Kenya’s tea prices eased at this week’s auction, depressed by increased quantities on offer and a dip in quality, dealers said on Wednesday....
Trade talks
SANTIAGO, Nov 9: Chile is on the brink of launching free trade negotiations with Japan, as it wraps up feasibility studies, a top trade official said....