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| July 19, 2006 | Wednesday | Jumadi-ul-Sani 22, 1427 |
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Banks to keep 25pc cash with SBP: SLR, CRR increased
KARACHI, July 18: The State Bank on Tuesday raised the cash reserve requirement (CRR) and statutory liquidity requirement (SLR) collectively by five per cent which means that banks will now engage their 25 per cent cash with the SBP.... 
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SPDC questions govt’s claim of reducing poverty
KARACHI, July 18: The Social Policy and Development Centre (SPDC), a well-known Canadian aided private research consultancy, has questioned the credibility of the government claim of bringing down the poverty ratio by 10 per cent from 34.5...
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Flour and bread become costlier
KARACHI, July 18: The increase in rates of 100kg wheat bag from Rs1,065 to Rs1,120-1,130 in the last one week has pushed up the price of atta No.2.5...
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Oil prices rebound after heavy falls
LONDON, July 18: Oil prices rose on Tuesday, but remained below recent record peaks, as Israel launched more heavy air raids on Lebanon in its continuing offensive against the militant Hezbollah group, dealers said....
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Record trade gap linked to govt policies
ISLAMABAD, July 18: Commerce Minister Humayun Akhtar Khan on Tuesday linked the highest ever trade deficit in the fiscal year 2005-06 to overall economic policies of the government, saying the trade policy was one part of it....
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Index settles above 10,000-level on fresh short-covering
KARACHI, July 18: Stocks on Tuesday were back on the rails aided by active short-covering in the leading oil and bank shares at the lower levels and analysts said it appeared...
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BD exports cross $10bn mark
DHAKA, July 18: With three-fourths of the total foreign exchange being earned by the garment sector alone, Bangladesh exports in the just ended fiscal year are set to cross the $10 billion mark, officials of the Export Promotion Bureau said....
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21 more KSE companies to become defaulters
KARACHI, July 18: The Karachi Stock Exchange intends pushing another 21 companies on the “defaulters’ counter”, making the total number of companies on that section to 154 companies....
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Banks go for massive discounting
KARACHI, July 18: The prevailing liquidity shortage compelled banks to borrow from the discount window of the State Bank on Tuesday....
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Relief package
KARACHI, July 18: All Pakistan Textile Mills Association (Aptma) has demanded a relief package for spinning and knitting sectors which were ignored in the recently announced textile package....
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Plgmea demands R&D support
KARACHI, July 18: Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) chairman Chaudhry Ahmed Zulfiqar Hayat has expressed his resentment over trade policy 2006-07 for ignoring the leather garment industry, which has been passing through its most difficult phase....
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Prices ease on steady phutti arrivals
KARACHI, July 18: Cotton prices on Tuesday again revised downward by Rs40 per maund as some of the ginners lowered their asking prices followed by reports of steady arrivals of phutti into the lower Sindh ginneries....
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Indian tea exports increase
KOLKATA, July 18: Tea exports from India, the world''s largest producer, rose 20.4 per cent in May from a year earlier, state-run Tea Board said on Tuesday, helped in part by some delayed orders from the previous month....
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Karachi Port operations
KARACHI, July 18: Seven ships carrying coal, containers and crude oil are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, July 18: Three ships to load and offload containers and chemicals were accommodated berths at QICT and MPT during the last 24 hours, said a PQA press release on Tuesday....
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Training scheme for garment workers
LAHORE, July 18: The federal government’s programme – the Stitching Machines Operators Training (SMOT) scheme – for producing trained workers for the value-added textile industry was launched here at a private garments unit on Tuesday....
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Asia stocks mostly lower
HONG KONG, July 18: Asian stock markets were mostly lower on Tuesday, beset by concerns over about what record oil prices will do to the outlook for inflation and interest rates,...
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Palm oil prices up
JAKARTA, July 18: Indonesia''s palm oil prices extended gains on Tuesday buoyed by a rally in Malaysia''s palm oil futures and tight local supply, traders said....
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