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| June 30, 2006 | Friday | Jumadi-ul-Sani 3, 1427 |
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HSBC plans to acquire Prime Bank
KARACHI, June 29: Another international bank, Hong Kong Shanghai Bank (HSBC), has decided to expand its operation in Pakistan and started negotiations to acquire the whole operations of Prime Commercial Bank, well-placed banking sources said on Thursday.... 
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Meeting on July 7 to resolve rent issue: Evacuee property
KARACHI, June 29: Following a protest on Thursday by hundreds of tenants of the Evacuee Property Trust Board against the 1000 per cent increase in rents, EPTB Chairman Lt-Gen (retd) Zulfiqar...
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WTO nations lock horns over Doha talks
GENEVA, June 29: World Trade Organisation (WTO) members launched a war of words on Thursday, issuing doom-laden warnings and urging each other to compromise as they sought to revive their struggling Doha Round talks on tearing down barriers to global commerce....
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Private sector enrols flag ship after 10 years
KARACHI, June 29: Federal Minister for Ports and Shipping Senator Babar Khan Ghauri has said that after a gap of over 10 years a private sector national flag ship has been registered under the new shipping policy....
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Bull-run continues on stock market
KARACHI, June 29: The KSE 100-share index on Thursday recovered another 407.28 points or 4.32pc boosted by fresh covering purchases and positive signals from the forward counter in regard to smooth clearing of the matured June settlements....
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Trading gets slow on cotton market
KARACHI, June 29: Trading activity on the cotton market remained light as spinners were not inclined to chase prices further higher and generally played safe followed by reports of a modest decline in monthly exports to various countries....
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Body to submit views by October: Textile package
KARACHI, June 29: A 10-member committee, having five representatives from textile industry and five bureaucrats with Prime Minister Shaukat Aziz as its patron, has been formed on Thursday to review a...
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CBR asked to fix Rs1tr target for FY08
ISLAMABAD, June 29: President General Pervez Musharraf has asked the Central Board of Revenue (CBR) to fix the revenue collection target of Rs1 trillion for the fiscal year 2007-08....
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India-China trade
NEW DELHI, June 29: The Nathu La Pass, which will open for border trade between India and China on July 6, after a gap of 44 years, may soon become an...
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SECP issues new version of CFS
ISLAMABAD, June 29: The Securities and Exchange Commission of Pakistan (SECP) has circulated a revised paper on Continuous Funding System (CFS) Mk II, an amended version of the existing CFS....
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Traders to meet Sindh governor on power crisis
KARACHI, June 29: Representatives of market associations and the Karachi Chamber of Commerce and Industry (KCCI) will hold a meeting with Sindh Governor, Dr Ishrat ul Ibad Khan on July 4,...
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Oil jumps $1 on supply issues
LONDON, June 29: World oil prices jumped by over $1 on Thursday as traders worried about weak supplies of motor fuel in the US during the country’s peak-demand driving season....
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BD budget
DHAKA, June 29: The Bangladesh parliament on Thursday passed the proposed national budget for the fiscal year 2006-07, amid walkout by the main opposition Awami League....
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EDB to monitor progress of tyre industry
ISLAMABAD, June 29: Engineering Development Board (EDB) will monitor the performance of tyre industry for the first quarter of next fiscal year (July-Sept, 2006) in order to suggest measures to protect the local manufacturers....
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European shares up
LONDON, June 29: European stock markets advanced strongly on Thursday on some bargain-hunting and following gains by Wall Street and for Japanese shares ahead of an expected hike in US interest rates, dealers said....
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Asian stocks rebound
HONG KONG, June 29: Asian stocks managed a solid rebound on Thursday following Wall Street''s lead as investors resigned themselves to a US rate hike later in the day and hoped...
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Port Qasim
KARACHI, June 29: Four ships to load and offload containers, sugar and chemicals were allotted berths at QICT, MPT and EVT during the last 24 hours, said a PQA press release on Thursday....
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Karachi Port operations
KARACHI, June 29: Seven ships carrying sugar, urea and general cargo are due to arrive at the outer anchorage on Friday, according to KPT sources....
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