Domestic debt up by 35pc in five years
KARACHI, Feb 4: The burden of domestic debt rose sharply by 35 per cent in the last five years adding over Rs600 billion in the total while government’s reliance on floating debt has significantly gone up....
Bid to expedite privatization of PS
ISLAMABAD, Feb 4: The Privatization Commission (PC) has asked the management of Pakistan Steel Mills Corporation (PSMC) to “hold an urgent dialogue” with the employees unions and associations of in order to expedite the transaction that has once again been delayed....
ATT import value down 23pc
ISLAMABAD, Feb 4: The import value of Afghan Transit Trade declined by 23.44 per cent to Rs10.552 billion during the first half (July-Dec) of the current fiscal year as against Rs13.784...
Copper exports to China up 136pc
BEIJING, Feb 4: The China Customs Authority registered a 136 per cent increase in import of copper from Pakistan during December to January 2005. The total value of copper imported during...
Prices of 19 items register increase
ISLAMABAD, Feb 4: Sensitive Price Index (SPI) rose by 0.30 per cent during the week ending Feb 3, as compared to the previous week, according to the weekly price data released by the Federal Bureau of Statistics (FBS) here on Saturday....
Package to boost gems, jewellery exports
ISLAMABAD, Feb 4: The government is considering a package for gems and jewellery industry to develop it on an organized pattern and enhance its exports. An official told Dawn on Saturday...
Pakistan-UAE trade meeting
KARACHI, Feb 4: The inaugural meeting of Pakistan-UAE Business Council will be held on Monday at Federation House....
Efforts on to introduce CNG buses
ISLAMABAD Feb 4: Petroleum and Natural Resources Minister Amanullah Khan Jadoon said on Saturday that steps were underway to introduce CNG buses in the country which would cut down heavy diesel import bill....
Move to cut port charges discussed
KARACHI, Feb 4: Ports and Shipping Minister Senator Babar Khan Ghouri on Saturday chaired a high-level meeting to workout modalities for the implementation of prime minister’s directives with regard to ports and shipping sectors....
Trading fails to pick up on cotton market
KARACHI, Feb 4: Trading activity on the cotton market failed to pick up on Saturday as both spinners and ginners remained busy in assessing the likely impact of higher fortnightly arrivals of phutti on the future price outlook....
CFS rates show modest fall
KARACH, Feb 4: Despite sustained bull-run on the stock market amid massive volumes, the capped CFS market witnessed a relative quiet during the last week, analysts said....
Karachi Port operations
KARACHI, Feb 4: Five ships including a car carrier are expected to arrive at the outer anchorage during the next two days, according to the KPT sources....
Oil prices plunge
LONDON, Feb 4: World oil prices plunged this week on easing supply concerns, while metals posted fresh historic and multi-year high points, including copper which struck 5,000 dollars per ton for the first time....
Rising sugar price hits biscuit industry
KARACHI, Feb 4: The Pakistan Biscuit and Confectionery Manufacturers Association has urged the government to allow the TCP to intervene in the sugar market in order to stabilize prices....
President, PM to visit ICAP
KARACHI, Feb 4: President Pervez Musharraf and Prime Minister Shaukat Aziz have agreed to visit the Institute of Chartered Accountants of Pakistan (ICAP) in Karachi at the date to be announced soon, said an ICAP press release....
Bid for bank
MILAN, Feb 4: BNP Paribas won wide support for its bold 9 billion euro ($10.9bn) bid for Italy’s Banca Nazionale del Lavoro on Saturday with the target calling the bid “not hostile” and key BNL investors welcoming it....