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| July 15, 2006 | Saturday | Jumadi-ul-Sani 18, 1427 |
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World Bank to offer $1.8bn for NTC plan
ISLAMABAD, July 14: The World Bank has agreed to provide $1.8bn to Pakistan for its $6bn National Trade Corridor (NTC) improvement programme to meet domestic transportation requirements and provide transit facilities to Central Asia, Western China, Afghanistan and Iran....nistan and Iran.... 
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Export finance rate reduced by 1.5pc
KARACHI, July 14: State Bank Governor Dr Shamshad Akhtar on Friday announced a cut in export refinance rate to boost exports of the country....
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Smuggling of tea caused Rs2bn loss in FY06
KARACHI, July 14: Tea smuggling continues to thrive unabated and it is estimated that 48,000 tons of the commodity were brought illegally in the country during FY06 as compared to 40,000...
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SBP wants NWFP to offload its stake in BoK
PESHAWAR, July 14: The State Bank of Pakistan has suggested to the NWFP government to consider offloading its shareholding in Bank of Khyber and repealing bank’s act, it is learnt....
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Stocks finish weekend session on firm note
KARACHI, July 14: Stocks finished the weekend session on a firm note as dividend-driven rally initiated earlier in the week was well sustained thanks to active follow-up support....
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Banks, DFIs to disclose rates of all products
KARACHI, July 14: The State Bank on Friday directed all banks and DFIs to make complete disclosure of the lending and deposit rates of all consumer products offered by them.......
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Govt plans roadshows abroad for OGDCL GDR
ISLAMABAD, July 14: The government is holding a series of roadshows next week in New York, London, Hong Kong and Singapore to offer Global Depository Receipt (GDR) of the Oil and Gas Development Company Limited (OGDCL) to the international investors.“The...
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LTU Karachi collection jumps 19pc at Rs42.2bn
KARACHI, July 14: The revenue collection by Large Taxpayers Unit (LTU) Karachi for the FY06 ending June 30, 2006 showed an increase of 19pc at Rs42.2bn...
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Production of cement projected at 33.802m tons
LAHORE, July 14: The total cement production capacity is projected by the industry to grow to 33.802 million tons by the end of the current fiscal year and to 42 million tons by 2009-10....
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Govt accused of delaying Basmati issue
ISLAMABAD, July 14: Rice exporters have expressed their displeasure over the lukewarm response of the government to the handling of the super Basmati issue with India, saying the delay in action...
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Ginners lower asking prices
KARACHI, July 14: Cotton prices on Friday showed fresh fall of Rs25 per maund as some of the ginners lowered their asking prices in an apparent effort to stimulate mill buying.... databases....
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Pact inked for credit bureau services
ISLAMABAD, July 14: The International Finance Corporation (IFC) has signed an agreement with Datacheck (Pvt) Limited to assist it in developing credit bureau services, including credit scoring, application processing, fraud prevention services, and asset databases....
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Import of used cars
ISLAMABAD, July 14: Planning Commission Deputy Chairman Dr Akram Shaikh has proposed to the government to restrict import of used cars under the overseas Pakistani schemes to provide protection to local manufacturers....
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Asian stocks sharply lower
HONG KONG, July 14: Asian stock markets were hit badly on Friday as escalating violence in the Middle East pushed oil prices to record highs and added to a litany of geo-political concerns sapping investor confidence....
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Port Qasim
KARACHI, July 14: Sipping activity remained active at the port where three ships carrying containers and iron ore were berthed during the last 24 hours, said a PQA press release issued here on Friday....
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Karachi Port operations
KARACHI, July 14: Four ships carrying chemicals and containers are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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