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| July 16, 2006 | Sunday | Jumadi-ul-Sani 19, 1427 |
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ECC okays textile package: Support prices for pulses, rice fixed
ISLAMABAD, July 15: The government has accorded approval to the textile package and fixed intervention prices for pulses and Basmati rice for the fiscal year 2006-07.... 
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30-50pc production loss due to strike
KARACHI, July 15: All industrial estates, except Korangi, in Karachi suffered a production loss between 30-50 per cent on Saturday due to low attendance of workers who could not turn up...
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Textile exports rise 18.4pc in 9 months: SBP
KARACHI, July 15: The performance of textile manufacture export was `remarkable’, rising by 18.4 per cent during July-March FY06 against nominal growth of 4.4 per cent realized during the same period...
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NWFP govt hopes to achieve high GDP growth rates
PESHAWAR, July 15: The NWFP government is over-optimistic about achieving higher Provincial Gross Domestic Product (PGDP) growth rate during the next four financial years, according to official sources....
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SBP warns against weakening of fiscal indicators
KARACHI, July 15: The government has been cautioned regarding the possibility of increase in inflationary pressures, the gradual weakness in fiscal indicators and the widening of the current account deficit....
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Trade deficit hit record $11.64bn in 2005-06
ISLAMABAD, July 15: The country’s trade deficit widened 88pc during the fiscal year 2005-06 to its highest level as oil prices hit a new high and imports of petroleum products set a record....
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President’s intervention in Basmati issue sought
ISLAMABAD, July 15: Following the poor response from the relevant ministries, the growers association has appealed to President Pervez Musharraf to take up the super Basmati issue with the Indian authorities....
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Pakistan gets $4.612bn remittances
KARACHI, July 15: Overseas Pakistanis sent back home record $4.612 billion remittances during the last fiscal year as against $4.168 billion remitted during the FY05, showing an increase of 10.35...
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WB suggests closure of Dock Labour Board
KARACHI, July 15: The World Bank has asked the government to close down the Karachi Dock Labour Board (KDLB) as it was making port services costlier....
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Measures to ensure gas supply to IPPs
ISLAMABAD, July 15: Prime Minister Shaukat Aziz on Saturday approved a range of measures to facilitate and ensure uninterrupted supply of gas to the independent power projects (IPPs)....
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Wholesale prices up by 9.04pc in June
ISLAMABAD, July 15: The wholesale price of major commodities increased by 9.04 per cent in June, over the same month last year....
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Professional bodies allowed remittances
KARACHI, July 15: The State Bank has allowed professional bodies to remit foreign exchange to their principals abroad. Authorised dealers are already allowed to make remittances on behalf of individuals covering...
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Oil and gas exploration
DHAKA, July 15: Bangladesh will seek bids from overseas energy companies to explore for oil and gas in the Bay of Bengal after a court removed an obstacle blocking agreements with them, an official said on Saturday....
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China needs tighter loan controls
BEIJING, July 15: A top parliamentary committee has called for tighter controls on bank loans to ease excess lending and overheating pressure on the economy, the Xinhua news agency said on Saturday....
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Gulf stocks dive on Mideast unrest
KUWAIT CITY, July 15: Saudi and Gulf stock markets dived sharply at the start of weekly trading Saturday on concerns over escalating tension in the Middle East, an analyst said.The...
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Port Qasim
KARACHI, July 15: Two ships carrying containers and diesel oil were accommodated berths at QICT and Fotco Terminal during the last 24 hours, said a PQA press release on Saturday....
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