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| June 07, 2006 | Wednesday | Jumadi-ul-Awwal 10, 1427 |
Price gap attracts big rush at govt stores: Subsidised pulses
KARACHI, June 6: After sugar, market people anticipate another chaos-like situation at the utility stores on buying pulses because of Rs7-12 per kg gap between retail and utility stores’ prices....
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Textile industry slams budget
KARACHI, June 6: The textile industry has strongly criticised the budget proposals for not giving much needed relief and concessions to the crisis-ridden sector which is confronting with high cost of production and dwindling per unit price on the world market....
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Stocks welcome budget with 158-point rise
KARACHI, June 6: Stocks on Tuesday reacted positively to the new budget and finished the post-budget session on a firm note as investors covered positions on the oil, bank and cement...
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Package to be ready in two weeks: Textile sector
LAHORE, June 6: The proposed relief package for the textile industry is expected to be finalised in the next two weeks in order to provide level-playing field to the country’s exporters of value-added textile products vis-à-vis their regional competitors....
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Funny sides of new budget
KARACHI, June 6: Many people listened in disbelief when the State Minister of Finance, Omar Ayub Khan on Tuesday announced that the pension had been raised by 20 per cent for those who retired before 1977....
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Sindh budget may see big spending in development
KARACHI, June 6: A promised allocation of about Rs120 billion for the next fiscal year in the federal budget documents released on Monday and an indicated carryover surplus cushion of about...
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Oil prices drop
LONDON, June 6: World oil prices fell on Tuesday after a top Iranian nuclear negotiator cited “positive steps” in a package of incentives offered by world powers to curb Tehran’s nuclear programme, dealers said....
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Active buying on cotton market
KARACHI, June 6: The cotton market maintained a steady trend as the post-budget session witnessed active buying by mills from the central Sindh ginneries. However, the initial reaction of both the...
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All banks’ branches to collect utility bills
KARACHI, June 6: The Supreme Court of Pakistan in a suo-motu action has directed all banks authorised to collect utility bills to provide facility of drinking water and sheds immediately in...
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Karachi Port operations
KARACHI, June 6: Ten ships carrying chemicals, containers and sugar are expected to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was light...
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Dollar gains
LONDON, June 6: The dollar gained against the euro on Tuesday after Federal Reserve chairman Ben Bernanke gave a toughly-worded speech that caused market odds on a June US rate increase to jump....
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Global stocks fall
WASHINGTON, June 6: Fears of yet another raise in US interest rates caused US stocks to fall for second consecutive day on Tuesday and led to a ripple effect across the world....
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FPCCI terms budget ‘business friendly’
ISLAMABAD, June 6: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday described the federal budget as a ‘balanced one’ and hoped that the subsidies announced for food items would provide relief to the common people....
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Port Qasim handles record cargo
KARACHI, June 6: Port Qasim handled a record cargo of 139,000 tons in a single day on Monday. Due to higher volume of imports and exports, the port also expects to...
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