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| July 23, 2006 | Sunday | Jumadi-ul-Sani 26, 1427 |
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Overvalued rupee hurts external trade: Mixed views on devaluation
KARACHI, July 22: While there is a complete consensus among the economists and the businessmen on the fact that Pakistan’s rupee exchange parity is overvalued, there is sharp difference of opinion... 
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ST registration of 1,000 firms to be cancelled
KARACHI, July 22: In order to check tax frauds, the Central Board of Revenue has decided to cancel sales tax registration of about 1,000 firms that have not filed tax returns for the last six months in a row....
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Trade deficit hits $12.1 billion
KARACHI, July 22: The final figure of trade deficit touched $12 billion for the fiscal year 2005-06, creating serious concerns for economic mangers of the country....
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BP’s expertise to help tap hidden oil deposits
ISLAMABAD, July 22: Vice-president of British Petroleum (BP) lan Vann and vice-president Exploration Mike Daly called on Minister for Petroleum and Natural Resources Amanullah Khan Jadoon on Saturday and discussed with...
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PM urges investors to avail incentives
ISLAMABAD, July 22: Prime Minister Shaukat Aziz on Saturday said the policy of privatisation, liberalisation and de-regulation has opened new vistas of opportunities for local and foreign investors and the business community should take advantage of the initiatives....
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4 national flag ships enrolled in one month: New shipping policy
KARACHI, July 22: Four fishing vessels with a gross tonnage ranging from 175 to 225 tons have been registered under Pakistan flag. ‘Mega-1’ was to be first private sector ship to...
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Trade team’s visit to India postponed
KARACHI, July 22: The Federation of Pakistan Chambers of Commerce and Industry has decided to postpone a visit to India....
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Audit plan in offing
LAHORE, July 22: A national audit plan is being prepared with an objective to ensure that an efficient mechanism for tax audit is in place....
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CRR for Islamic banks raised
KARACHI, July 22: The State Bank has raised the Cash Reserve Requirement (CRR) for Islamic banks but kept the Statutory Liquidity Requirement (SLR) unchanged....
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Fuel imports
TEHRAN, July 22: Iran’s government will try to avoid rationing gasoline from Sept 23 by seeking to dip into dollar reserves to pay for fuel imports, a member of parliament said on Saturday....
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CFS rates show modest rise
KARACHI, July 22: CFS rates on the Karachi Stock Exchange last week showed a modest increase of 160 basis points at 14.4 per cent in sympathy with a rise in the inter-bank money market....
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Interest rates
COLOMBO, July 22: Sri Lanka’s Central Bank raised its key short-term interest rates on Saturday in a bid to check galloping inflation fuelled by high oil prices....
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Cotton prices stay firm amid light trading
KARACHI, July 22: Cotton prices on Saturday remained stable around the previous level as ginners held on to their unsold positions rather than selling below their parity levels....
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Security agencies raise charges
KARACHI, July 22: Some private security agencies that provide home security services and cover against car snatching have increased their monthly charges after levy of 15pc excise duty by the government....
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Port Qasim
KARACHI, July 22: Three ships carrying containers, diesel oil and chemicals were allotted berth during the last 24 hours, said a PQA press release....
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British economy
LONDON, July 22: Britain''s economy grew by 0.8 per cent during the second quarter of 2006 compared with the previous three months, official data showed on Friday....
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