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| August 03, 2006 | Thursday | Rajab 7, 1427 |
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Full-time manager to run Sindh’s two funds
KARACHI, Aug 2: The Sindh government is engaging a full-time fund and investment manager to operate and manage its two funds -— Pension Fund and Social Relief Fund —- which at... 
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Cellphone companies plan $100m investment: Mobile number portability
KARACHI, Aug 2: Cellphone operators in the country are investing nearly $100 million in order to meet the deadline of October 2006 given by the Pakistan Telecommunication Authority (PTA) for the implementation of mobile number portability (MNP), telecom sources said....
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Site area suffers Rs5bn loss due to power cuts
KARACHI, Aug 2: While all industrial estates suffer from worst power crisis after rains, the Site area excels in losses compared to others where industrialists are reported to have incurred a...
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Inflation starts declining: IMF
ISLAMABAD, Aug 2: The International Monetary Fund has acknowledged that inflation in Pakistan has begun to decline but feels that the process needs to be accelerated....
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Index gains 51 points on heavy buying in PTCL
KARACHI, Aug 2: Share market on Wednesday again turned in a mixed performance as investors played on both sides of the fence apparently awaiting fresh developments on the brewing political crisis after the resignation of MQM ministers....
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Pakistan wants progress on all issues: Doha Round
ISLAMABAD, Aug 2: Pakistan has shown its reservation over partial resumption of negotiations on some issues saying talks should be resumed across the board on the Doha Development Agenda (DDA), it is learnt....
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SBP raises yield on treasury bills
KARACHI, Aug 2: The State Bank on Wednesday increased yields on treasury bills but received poor response as the market was expecting still higher returns on treasury papers....
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New Delhi’s efforts for emergency session on Safta fail
ISLAMABAD, Aug 2: India’s calls and efforts at the South Asian foreign ministers meeting in Dhaka for an emergency session of the Safta Ministerial Council to address issues with Pakistan did not produce any results, it is learnt....
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PICIC funds declare cash dividends
KARACHI, Aug 2: PICIC Asset Management Company Ltd (PICIC AMC) declared final cash dividend at 10 per cent (i.e. Re1 per certificate) for PICIC Investment Fund (PIF) for the year ending June 30, 2006....
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WB urges government to privatise handling of geared ships
KARACHI, Aug 2: While stressing the need for further reforms in the ports and shipping sector, the World Bank has asked the government to privatise the handling of geared container ships...
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Steady outlook on cotton market
KARACHI, Aug 2: Cotton market on Wednesday maintained firm outlook as reports of fresh rain in the Sindh cotton belt slowed down arrival of new crop from the interior....
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PR suffers Rs15-20m loss daily: Suspension of goods trains
HYDERABAD, Aug 2: Pakistan Railways is incurring losses to the tune of Rs15 to Rs20 million daily on account of non-transportation of goods from and to Karachi as the operation of...
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Kenya tea prices
NAIROBI, Aug 2: Kenyan tea prices were generally stronger at this week''s auction, due to a fall in the volumes on offer, traders said on Wednesday....
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Talk on world economy
KARACHI, Aug 2: The Institute of Bankers Pakistan (IBP) will hold a talk on “World...
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Poultry rates
KARACHI, Aug 2: Following are the poultry announced by the Pakistan Poultry Association here on Wednesday. EGGS: Rs740 to Rs745 per crate of 30 dozens, Broiler (Live): Rs88 per kilo; Culled Bird (Live): Rs34 per kilo....
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European stock markets climb
LONDON, Aug 2: European stock markets marched upwards on Wednesday, with investors absorbing a flurry of strong company results, and before this week''s interest rate decisions, dealers said....
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Palm oil lower
KUALA LUMPUR, Aug 2: Malaysian crude palm oil futures closed lower on Wednesday, as funds took profits after a recent rally and prices of rival commodity soyaoil dropped....
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Karachi Port operations
KARACHI, Aug 2: Eight ships carrying containers and general cargo are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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