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| May 27, 2006 | Saturday | Rabi-us-Sani 28, 1427 |
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Industry loses Rs20bn in 3 months: Bird flu scare
KARACHI, May 26: The poultry industry is reported to have suffered a loss of Rs18-20 billion in the last three months owing to outbreak of bird flu at some farms in... 
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Govt blamed for MSCI weighting slip
KARACHI, May 26: One of the disturbing news last week was the reduction in weightage of Pakistan’s equity markets in the MSCI emerging market index from 0.27 to 0.22 per cent....
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GST waiver on sugar imports sought
KARACHI, May 26: Nine ships loaded with around 112,500 tons of sugar from India are expected to reach Karachi before the end of current month. Seven ships have already left Mumbai...
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Cement importers assured of profit
ISLAMABAD, May 26: The government has assured cement importers of reasonable profits, it is learnt. The government sources told Dawn that the cement importers had informed the government that cement manufacturers...
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KSE 100-share index plunges on panic-selling
KARACHI, May 26: The KSE 100-share index on Friday crashed by 358.46 points from the mid-week highs on panic-selling as some of the investors squared their positions in the matured forward May contracts on the last session of the roll-over week....
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Listless trading on cotton market
KARACHI, May 26: Trading on the cotton market on Friday remained slow as ginners were not inclined to lower their asking prices below Rs2,500 per maund for fine lots....
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State Bank launches Rs5,000 notes
KARACHI, May 26: The State Bank on Friday launched highest denomination currency note of Rs5,000 and a new bill of Rs10 with the announcement that all other notes would be replaced by the end of this year....
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Dumping duty imposed on Indian exporters
ISLAMABAD, May 26: The National Tariff Commission (NTC) on Friday imposed definitive anti-dumping at the rate of 10.94 ad valorem of C&F price on import of phthalic anhydride (PA) into Pakistan by the exporters from India....
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S. Arabia cuts oil output
LONDON, May 26: The world’s largest oil exporter, Saudi Arabia, cut output in April and May to its lowest level in a year due to a seasonal dip in global refinery demand, tanker tracking consultancy Petrologistics said on Friday....
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Oil prices steady before US driving season
LONDON, May 26: World oil prices stabilised on Friday as the United States geared up for the start of its driving season, when demand for motor fuel hits a peak as Americans begin their summer vacations....
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China coal prices set to stay high
BEIJING, May 26: China’s domestic spot thermal coal prices will stabilise at high levels this year due to increasing production costs, which are likely to further cap exports, an industry association said on Friday....
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PR cuts rate
ISLAMABAD, May 26: Pakistan Railways on Friday announced station-to-station 30 per cent concessional transportation charges for cement across the country, says a press release....
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Deal signed
WARSAW, May 26: The Polish oil group PKN Orlen on Friday signed agreements with ailing Russian oil giant Yukos and the Lithuanian government that will give it an 84.36...
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Arcelor to buy Russian steelmaker: Foiling Mittal’s plan
PARIS, May 26: European steelmaker Arcelor said on Friday it would buy Russian company Severstal in a 12-billion-euro deal that according to analysts could thwart a hostile raid by Mittal Steel....
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ABN Amro Bank CEO meets PM
ISLAMABAD, May 26: Prime Minister Shaukat Aziz has appreciated ABN Amro Bank’s plan to enhance strategic investments in Pakistan and increase the number of bank branches from 17 to 50 in Pakistan next couple of years....
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Oil deal postponed
NOUAKCHOTT, May 26: The Mauritanian government and Australia’s Woodside Petroleum have postponed the signing of new oil production sharing contracts until June 6, sources close to the negotiations said on Wednesday....
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US consumer index
NEW YORK, May 26: Americans’ confidence in the outlook for the US economy is expected to have dimmed in May as high oil prices and concern about rising borrowing costs plagued sentiment, according to a Reuters poll....
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European shares rebound
LONDON, May 26: European stocks rallied almost 1 per cent on Friday, with mining and building companies among the best performers as investors regained a measure of confidence after two weeks of turmoil....
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Palm oil ends up
KUALA LUMPUR, May 26: Malaysian crude palm oil futures ended up on Friday, as dealers scrambled to cover short positions ahead of a holiday in the United States next week, traders said....
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Asian stocks bounce
HONG KONG, May 26: Asian stocks rebounded Friday in a continued rollercoaster ride, with investors taking courage from gains on Wall Street after US growth figures suggested the recent panic over interest rates might be overdone....
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Port Qasim
KARACHI, May 26: Brisk shipping activity was witnessed at the port where four ships to load/offload containers, furnace oil, and chemicals were accommodated on berths at QICT, Fotco oil terminal and EVT, respectively, on Thursday....
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Karachi Port operations
KARACHI, May 26: Three ships carrying containers and to load rice and molasses are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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