Low Graphics Site

June 24, 2006 Saturday Jumadi-ul-Awwal 27, 1427 PTA cuts bandwidth rates ISLAMABAD, June 23: The Pakistan Telecommunication Authority (PTA) has announced the much-awaited reduction in tariffs of international bandwidth and directed Pakistan Telecommunication Company Ltd (PTCL) to implement the reduced rates in... KSE maintains ban on short selling: Futures contract KARACHI, June 23: The Karachi Stock Exchange (KSE) continued to clamp ban on short selling in futures contract. A meeting of the Board of Directors of the bourse held on Friday... CM extends shops closure timings by one hour KARACHI, June 23: Sindh Chief Minister Dr Arbab Ghulam Rahim has given permission to the traders to keep their shops open till 9:00pm. The extension in business timings was given at a meeting with traders on Thursday.... Pakistan needs to tackle energy crisis WASHINGTON, June 23: Pakistan needs to take immediate steps to meet, what some speakers at a seminar in Washington on Friday described as a “looming energy crisis,” but the focus has... KSE 100-index plunges 363.47 points KARACHI, June 23: The KSE 100-share index on Friday breached through the psychological barrier of 10,000 points on panic selling originating from all the quarters followed by rumours that the apex... Cotton market lacks lustre KARACHI, June 23: Physical trading on the cotton market on Friday shrank to modest proportions as spinners and mills kept to the sidelines followed by reports of steep decline in New... India’s ban on black gram export hits trade KARACHI, June 23: Local traders report an abrupt decision of the Indian government on Thursday to ban export of black gram that has upset their trade plans, as the commodity is not available anywhere in the world.... Salaried taxpayers: draft rules finalised ISLAMABAD, June 23: The Central Board of Revenue has finalised draft income tax rules for computing tax on gross salary of salaried taxpayers inclusive of perks and privileges to be effective from July 1, 2006.... Arab group formed in WTO RIYADH, June 23: The 12 Arab member states of the World Trade Organisation (WTO) are to form their own distinct negotiating bloc within the group, Egypt’s trade and industry minister Mohamed Rachid was quoted here on Friday as saying.... Iran to ration petrol TEHRAN, June 23: Iran said on Friday it will stop importing petrol in September and begin rationing it, ironic for a country that is OPEC''s number-two exporter of crude oil.“As... Global economy MADRID, June 23: The head of the International Monetary Fund predicted here on Friday that the world economy would grow 5.0pc this year and next, an upward revision from the IMF’s previous forecasts of 4.9pc... Banking sector gains strength, says PM ISLAMABAD, Jun 23: Underlining the importance of a strong and well-functioning financial and banking sector for sustained higher economic growth, Prime Minister Shaukat Aziz on Friday said the banking industry in... Duty payment procedure for cable operators ISLAMABAD, June 23: The Central Board of Revenue (CBR) has issued special procedures for cable TV operators for payment of duty on services provided to consumers.... US PSF producers file dumping case against China WASHINGTON, June 23: Three US producers of polyester fibre on Friday filed an anti-dumping duty petition against China, saying Chinese imports at unfair prices were hurting the domestic industry.... WTO chief hints at trade talks failure GENEVA, June 23: World Trade Organisation chief Pascal Lamy warned on Friday that the WTO''s four-year round of free trade negotiations risked collapse without a breakthrough soon in key issues.... Turkey in action to end market turmoil ANKARA, June 23: The Turkish Central Bank said on Friday that it would hold an emergency meeting at the weekend to discuss measures to curb market turbulence as the currency and bonds continued to tumble.... $23bn US oil firms merger NEW YORK, June 23: Anadarko Petroleum announced plans on Friday to buy rivals Kerr-McGee and Western Gas Resources in separate deals worth a total of $23.3... Modern machine tool assemblies ISLAMABAD, June 23: The Engineering Development Board has finalised a strategy for setting up modern machine tool assembly facilities in the country.... IMF to boost African presence MADRID, June 23: The IMF will take into account the under-representation of African countries on its executive board as part of its reform effort, IMF Managing Director Rodrigo Rato said here on Friday.... US economy slows down WASHINGTON, June 23: Orders for US-made durable goods dipped 0.3 per cent in May from April, declining for the second month in a row as commercial aircraft demand remained slack, the Commerce Department said on Friday.... Money laundering ABUJA, June 23: Nigeria’s removal on Friday from a blacklist of countries that do not cooperate in the fight against money laundering should help the country attract greater foreign investment, President Olusegun Obasanjo said.... Rosneft IPO MOSCOW, June 23: Russian oil company Yukos has asked the British markets watchdog to block an initial public offering of shares by Rosneft, the Russian state oil group that it accuses of stealing its assets, Yukos said on Friday.... European shares climb LONDON, June 23: European stocks rose on Friday as the energy sector was lifted by positive broker comments despite overnight losses on Wall Street, dealers said.... NY gold recovers NEW YORK, June 23: Gold futures in New York eased on Friday, though prices pared an earlier hefty fall, pressured by a firm dollar before next week''s decision on US interest rates by the Federal Reserve.... Palm oil up KUALA LUMPUR, June 23: Malaysian crude palm oil futures ended higher on Friday on pre-weekend covering and good foreign demand on the back of weaker ringgit currency against the US dollar, traders said.... Karachi Port operations KARACHI, June 23: Six ships carrying crude oil, containers and to load fish are expected to arrive at the outer anchorage on Saturday, according to KPT sources....

Contributions Privacy Policy © DAWN Group of Newspapers, 2006