No dividend by PTCL causes market fall
KARACHI, April 29: It is easy to find fault with everything that is remotely concerned with the stock market, when the going gets tough. But look at the rave reviews of analysts and fund managers a week before last....
Generators’ import rising on power outages
KARACHI, April 29: KESC’s frequent power breakdowns during summer created a business opportunity for gadgets of alternative energy sources. In Karachi power generators import and the production of uninterrupted power supply (UPS) in the cottage industry particularly got a boost....
Land mafia out to grab plots in Taiser Town
KARACHI, April: 29: Land mafia, developers and builders have submitted hundreds of forms to participate in the second phase of the Taiser Town scheme launched for low income people....
Pakistan imports 0.376m tons of sugar in April
KARACHI, April 29: Around 0.376 million tons of imported sugar including 64,000 tons bought by the Trading Corporation of Pakistan (TCP) reached Karachi during the current month....
WTO farm deal deadline expires
ISLAMABAD, April 29: Commerce Minister Humayun Akhtar Khan has said that the stalled WTO negotiations would get momentum in the next few weeks for striking a deal for early completion of Doha Development Round (DDR)....
Power sector needs $100bn
ISLAMABAD, April 29: Pakistan requires $100 billion investment in power sector in the next decade for its current high economic growth rate and hence needs a careful balance between economic stability and growth....
Export of readymade garments increases
ISLAMABAD, April 29: The export of readymade garments increased by 30.97 per cent during the first nine months of the current fiscal year over the same period of last year....
Revenue collection rises by 18.9pc
ISLAMABAD, April 29: The Central Board of Revenue (CBR) has collected Rs536.4 billion during the July-April period of current fiscal year as against Rs451.112 billion during the same period last year, showing an increase of 18.9...
CFS rates slightly decline on KSE
KARACHI, April 29: The CFS rates on the Karachi Stock Exchange last week showed a modest fall at 17.4 per cent from its upper limit of 18.00...
Poultry imports
TOKYO, April 29: Japan has suspended poultry imports from Britain to prevent the spread of bird flu to domestic fowl, Japan’s Agriculture Ministry said on Saturday....
Trading gets slow on cotton market
KARACHI, April 29: Cotton market finished the weekend session on dull note amid falling ready offtake in the absence of strong mill buying owing to higher asking prices by some of the leading ginners....
Exporters urged to observe civil defence rules
KARACHI, April 28: The Sindh Civil Defence Directorate has issued notices to the exporters to have their factories inspected for the civil defence needs including the fire-fighting arrangements....
EFU General posts Rs506m profit
KARACHI, April 29: The EFU General Insurance in its 73rd annual general meeting of the shareholders held in Peshawar declared a post-tax profit of Rs506 million, a press release of the company said on Saturday....
$20m textile machinery orders booked at IGATEX
KARACHI, April 29: The local textile manufacturers booked textile machinery worth around $20 million displayed at the fifth IGATEX 2006. Most of the stall holders belonging from China, Turkey, Italy and Spain were happy to get big orders for textile machinery....
Port Qasim
KARACHI, April 29: Four ships carrying containers, diesel oil and chemicals were berthed at QICT, FOTCO Oil Terminal and EVT during the last 24 hours, said a PQA press release....
Karachi Port operations
KARACHI, April 29: Five ships carrying steel cargo and containers are due to arrive at the outer anchorage on Sunday, according to KPT sources....