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| June 29, 2006 | Thursday | Jumadi-ul-Sani 2, 1427 |
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Textile sector seeks Rs50 billion package
KARACHI, June 28: The textile industry is asking the government to announce a concession and incentive package of Rs50 billion so that it can compete with India, China and Bangladesh in export market.... 
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SECP warns brokers against foul play
KARACHI, June 28: On Wednesday, a notice coming out from the office of the Securities and Exchange Commission of Pakistan (SECP) and reaching the three stock exchanges admonished brokers on what the apex regulator thought was a violation of the law....
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Govt offers free land for oil refinery
ISLAMABAD, June 28: The government will provide 2,000 acres free of cost for setting up a deep conversion grass-root oil refinery at Khalifa Point and allow unlimited import of crude oil without any customs duty....
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CCoP okays sale of 7.3pc shares to employees: KESC privatisation
ISLAMABAD, June 28: The Cabinet Committee on Privatisation (CCoP) on Wednesday approved the sale of 7.3 per cent (96 million) shares of Karachi Electric Supply Company (KESC) to its employees at the rate of Rs1.65...
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Bulls stage comeback, recover 392.5 points
KARACHI, June 28: Stocks on Wednesday were back on the rails on active short-covering triggered by warning by the SECP to share price manipulators and speculative forces to refrain from negative activities or face action under the relevant law....
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Listless trading on cotton market
KARACHI, June 28: The trading activity on the cotton market remained slow but spinners lifted all the lots offered by the ginners below Rs2,700 per maund amid slow trading....
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Oil prices rise as US gasoline stocks dip
LONDON, June 28: World crude prices advanced on Wednesday as traders seized on news that US crude oil and motor fuel inventories dropped sharply over the past week....
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Pakistan, Dutch firms sign deal
ISLAMABAD, June 28: A joint venture agreement between Menzing Industries Toelevening, the Netherlands, and Research and Development Engineering Company Pakistan was signed here on Wednesday....
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Power shutdown hits business, production
KARACHI, June 28: Industrial production has dropped, trading slowed and efficiency of workers fell to the lowest level in Karachi, as electricity that ignites the economic engine is not available to industries, markets and the people of the city....
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Arab investors shift money from US
HOUSTON, June 28: Political tensions have encouraged Arab investors to shift from depositing oil profits in US investments to Europe, India and China, the head of Citigroup’s emerging market bank said on Wednesday....
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‘Pakistan has huge trade potential’
KARACHI, Jun 28: Pakistan has huge potential to become economic leader in Asia as its consistent trade and economic policies are most favourable in the region....
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OECD states received $622bn FDI in 2005
PARIS, June 28: Foreign direct investment (FDI) into the 30 industrialised countries of the OECD increased by 27pc in 2005 from the previous year, with France the biggest foreign spender in...
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Gold prices higher
LONDON, June 28: Gold inched higher on Wednesday ahead of a two-day US Federal Reserve meeting that will offer signals on the course of interest rates and determine the metal''s direction....
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European shares fall by rate fears
LONDON, June 28: European stock markets mostly fell on Wednesday owing to fears of higher global interest rates, after losses in Tokyo and overnight on Wall Street, but London was buoyed by takeover news, dealers said....
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Palm oil up
KUALA LUMPUR, June 28: Malaysian crude palm oil futures ended marginally higher in thin trade on Wednesday, tracking gains in rival soyoil, dealers said....
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Asian stocks lower
HONG KONG, June 28: Asian stocks fell on Wednesday, with investors unwilling to defend Tuesday''s gains in the face of another sell-off on Wall Street sparked by a fresh bout of nerves over US interest rates, dealers said....
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Port Qasim
KARACHI, June 28: Shipping activity remained active at the port where two ships carrying containers and 50,075 tons diesel oil were accommodated on berths at QICT, and Fotco oil terminal, respectively, during the last 24 hours, says a press release....
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Karachi Port operations
KARACHI, June 28: Seven ships carrying containers, steel and to load cement are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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