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| July 8, 2006 | Saturday | Jumadi-ul-Sani 11, 1427 |
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Grey cloth, bedwear exports may touch $4bn
KARACHI, July 7: Exports of two major items -- grey cloth and bedwear -- are expected to cross $2 billion mark each during the fiscal year 2005-06 after achieving a record export growth during the first 11 months of the fiscal.... 
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Saudi Pak to become public company
ISLAMABAD, July 7: Saudi Pak Agricultural and Industrial Investment Company is likely to be soon converted into a public limited company with a view to have an access to the capital market....
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New sectors getting foreign investment
KARACHI, July 7: Foreign direct investments have explored some new sectors in Pakistan other than power and telecommunication and the attraction received highest inflows during the last five years.But...
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Specification for imported cement sought
ISLAMABAD, July 7: The government has asked importers for seeking details about exact specification of cement from Chinese manufacturers as a precondition for the release of withheld stock at ports, it is learnt....
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Retailers violating closure timing
KARACHI, July 7: A large number of traders and shopkeepers, falling under various organisations and groups, have been violating the government’s order of closing their shops by 9.00pm....
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Index sheds 80 points on mixed trading
KARACHI, July 7: Stocks on Friday turned mixed as investors played on both sides of the fence indulging in alternate bouts of buying and selling in the afternoon session but selling was well-absorbed at the dips....
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Slow trading on cotton market
KARACHI, July 7: Trading on the cotton market on Friday remained relatively slow partly because of a short session and partly to the absence of leading spinners eyeing the TCP tender due on next Monday....
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Anti-dumping duty imposed on import of formic acid
ISLAMABAD, July 7: The National Tariff Commission (NTC) on Friday imposed definitive anti-dumping duties on export of formic acid (85 per cent) to Pakistan by two exporters one each from Finland...
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Plan to improve fisheries sector
ISLAMABAD, July 7: The government is formulating a new policy to improve the performance of fisheries sector by enhancing production to earn foreign exchange through its export....
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Oil prices rise to $75.7
LONDON, July 7: Crude oil prices hit all-time highs above $75 per barrel in London and New York on Friday on signs of strong global demand and simmering geopolitical tensions, particularly over Iran and North Korea, analysts said....
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Dollar falls
LONDON, July 7: The dollar fell on Friday on news that fewer US jobs were created than expected in June, suggesting that the pace of economic growth there might be easing....
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Trade policy likely on 17th
ISLAMABAD, July 7: The government is likely to announce new Trade Policy on 17th of this month. An official in the ministry of commerce told Dawn on Friday that the trade...
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New jobs
WASHINGTON, July 7: US employers created 121,000 new jobs in June, the Labour Department said on Friday, in a sign of cooling economic conditions....
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Exports to China up by 27pc in five months
BEIJING, July 7: Pakistan''s exports to China registered 27 per cent growth in the first five months of this year, making considerable headway in overall economic interaction between the two countries, according to the Chinese Customs authorities.Exports...
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Farmers to benefit from cut in farm subsidy
LAHORE, July 7: Federal Minister for Food, Agriculture and Livestock (Minfal) Sikandar Hayat Khan Bosan on Friday said that the reduction in farm subsidies by the developed countries is expected to...
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$10m housing, commercial projects
KARACHI, July 7: Al-Ghurair Giga Pakistan will invest more than $10 million in various housing and commercial projects, including a supermarket chain and a five-star hotel in Pakistan in near future....
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Biscuits sales
KARACHI, July 7: English Biscuits Manufacturers (EBM) recorded over Rs5 billion sales during the financial year ending June 30, 2006, showing a jump of 40 per cent over the same period of last fiscal, says a press release....
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European stocks recede
LONDON, July 7: European stocks slipped on Friday in a quiet day for corporate news, with London shares drifting lower as investors prepared to remember the victims of last year''s deadly July 7 bombings, dealers said....
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Palm oil up
KUALA LUMPUR, July 7: Malaysian crude palm oil futures rose sharply on Friday, propelled to their highest level in more than four months by strong buying and higher prices of rival soyail....
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Asian stocks mixed
HONG KONG, July 7: Asian stocks closed mixed on Friday, with any gains limited as investors headed for the wings ahead of the release of key US employment figures due out later in the day, dealers said....
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Port Qasim
KARACHI, July 7: Three ships scheduled to load and offload containers and furnace oil were berthed at QICT and Fotco Terminal during the last 24 hours, said a PQA press release on Friday....
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Karachi Port operations
KARACHI, July 7: Eight vessels carrying urea and to load naphtha are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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