|
| June 22, 2006 | Thursday | Jumadi-ul-Awwal 25, 1427 |
|
Inflation rose to 7.1 per cent in May
ISLAMABAD, June 21: Average inflation measured by the Consumer Price Index (CPI) resurged in May and stood at 7.1 per cent year-on-year (YoY) as compared with 6.2... 
|
|
Incentives for mining industry sought
KARACHI, June 21: While seeking an early resolution of a number of anomalies in the budget 2006-07, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government...
|
|
Banks, SBP lock horns over rates
KARACHI, June 21: Banks have refrained from handing over huge inflows of liquidity to the State Bank, which signals that they are looking for an increase in interest rates....
|
|
Oil prices climb on reduced US stock
LONDON, June 21: World oil prices climbed on Wednesday as traders absorbed news of a smaller-than-expected increase in US gasoline or petrol inventories last week....
|
|
|
||
|
Stock market suffers mild correction
KARACHI, June 21: Share market on Wednesday suffered a mild correction as a section of investors took profits at the inflated levels but unlike the previous sessions there were buyers at...
|
|
Active trading on cotton market
KARACHI, June 21: Active trading was witnessed on the cotton market on Wednesday as leading spinner groups covered their forward sales of yarn but unlike previous sessions some of the ginners obliged the surging mill demand....
|
|
||
|
Dollar drops against major rivals
LONDON, June 21:The dollar dipped against the euro and the yen on Wednesday amid growing expectations that the Bank of Japan (BoJ) may start raising interest rates soon, analysts said....
|
|
Mari Gas gets three exploration licences
ISLAMABAD, June 21: The government on Wednesday granted three exploration licences and petroleum concession agreements to Mari Gas Company Ltd (MGCL) in Sindh and Balochistan....
|
|
|
||
|
Export losses Pakistan asked to amend SPS related laws
ISLAMABAD, June 21: The World Bank (WB) and United Nations Industrial Development Organisation (Unido) have asked Pakistan to amend its existing Sanitary and Phytho-Sanitary (SPS) related laws in compliance with the...
|
|
GST levied on active ingredients of pesticides
ISLAMABAD, June 21: The government on Wednesday levied general sales tax (GST) on import of all active ingredients of pesticides as well as finished pesticides on fixed value addition of 15 per cent at import stage....
|
|
|
||
|
Pakistan offers investment opportunities
ISLAMABAD, June 21: Pakistan offers attractive opportunities for investment and provides a level-playing field for business as it makes no distinction between local and international investors....
|
|
German cooperation in livestock discussed
LAHORE, June 21: There is vast scope for joint ventures between Germany and Pakistan in the fields of dairy and livestock. This was stated by Peter Baasch, general manager Exports, GEA...
|
|
|
||
|
Nespak wins Oman airports’ contract
KARACHI, June 21: The National Engineering Services of Pakistan (Nespak) in association with Airport de Paris Ingenierie (ADPi) of France, has been awarded project management consultancy services for the $1 billion...
|
|
PHA for abolition of bed tax
KARACHI, June 21: The Pakistan Hotels Association (PHA) has urged the Sindh government to abolish the hotel bed tax or a fixed amount per available room be charged to avoid the unnecessary procedure in assessing the hotel’s tax liabilities....
|
|
|
||
|
BoE interest rates
LONDON, June 21: Bank of England (BoE) rate-setters voted 7-1 to keep British borrowing costs at 4.50 per cent earlier this month, minutes of their most recent meeting showed on Wednesday....
|
|
Palm oil up
NEW DELHI, June 21: Malaysian crude palm oil futures ended higher in thin volume on Wednesday on technical short covering and firm soyaoil prices, brokers said....
|
|
|
||
|
European stock markets slip
LONDON, June 21:European stock markets slid on Wednesday owing to downbeat earnings news from the retail sector, following subdued trading on Wall Street and in Tokyo, dealers said....
|
|
Karachi Port operations
KARACHI, June 21: Five ships carrying chemicals, steel and general cargo are due to arrive at the outer anchorage on Thursday, according to KPT sources....
|
|
|
||
