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| August 08, 2006 | Tuesday | Rajab 12, 1427 |
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LPG price surges to Rs46-50
KARACHI, Aug 7: As the weather changes from the next month, market players have become active in pushing up prices of liquefied petroleum gas (LPG) that surged to Rs46-50 from Rs40-42 per kg last week.... 
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Business leaders’ ultimatum to KESC: Restore power in 24 hours
KARACHI, Aug 7: Business leaders have given 24-hour ultimatum to the Karachi Electric Supply Corporation (KESC) to restore power supply to all industrial areas, thereafter they reserve the right to take...
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Dubai to retake control of oilfields
DUBAI, Aug 7: The Gulf emirate of Dubai said on Monday that it would take back operating control of its offshore oilfields next year from US oil and gas giant Conoco Phillips, ending a 45-year partnership....
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Oil jumps above $78 on BP refinery shutdown
LONDON, Aug 7: Crude prices spiked on Monday, soaring above $78 and close to a record high in London after a pipeline spill forced oil major BP to start closing production from a key oil field in Alaska....
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Procedures for Green Channel notified
ISLAMABAD, Aug 7: The government on Monday revamped the international passengers’ clearance procedures at airports to exempt all incoming and outgoing passengers opting for “Green Channel” from the scanning of baggage....
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IPR violation victims asked to file civil suits
KARACHI, Aug 7: Justice Sabihuddin Ahmad, Chief Justice of the Sindh High Court, has suggested to all victims of violation of Intellectual Property Rights to file civil suits in the court...
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Stocks extend rally as buying spree continues
KARACHI, Aug 7: Trading on the stock market on Monday resumed on a higher note as investors were not inclined to miss the rising market aided by higher dividend announcements from the oil giants, notably PSO and Shell Pakistan....
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Lint buyers unwilling to give high prices
KARACHI, Aug 7: Physical business on the cotton market failed to pick up as spinners were not inclined to make fresh commitments partly because of higher asking prices and partly to delivery problems....
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Deutsche still eyeing merger with Euronext
FRANKFURT, Aug 7: German stock market operator Deutsche Boerse sent strong signals on Monday that it still has ambitions of a merger with reluctant pan-European rival Euronext, revealing that it is working on statutes to run a merged entity....
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Business centre for Gujranwala
LAHORE, Aug 7: Federal Minister for Industries, Production and Special Initiatives Jahangir Khan Tareen on Monday performed the groundbreaking ceremony of Gujranwala business centre being set up jointly by Small and...
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British industry output up
LONDON, Aug 7: British manufacturing output climbed in June, official data showed on Monday, but at a slower pace than had been forecast by analysts....
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Philippines to re-bid power plant
MANILA, Aug 7: A state-owned coal-fired power plant will be auctioned off for a second time after the previous winner failed to make a $228 million down payment, the Philippines government said on Monday....
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Fed seen to leave rates unchanged
WASHINGTON, Aug 7: The Federal Reserve is set to bring its longest run of interest rate hikes in recent history to an end as the US economy hits the brakes, economists said on Monday....
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Karachi Port operations
KARACHI, Aug 7: Four ships including Zara-3, carrying 17,000 tons of sugar, are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, Aug 7: Shipping activity remained active at Port Qasim where three ships carrying containers and edible oil were accommodated on berths at QICT and Multi Purpose Terminal, respectively, on Sunday....
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Poultry rates
KARACHI, Aug 7: Following are the maximum retail rates for Tuesday....
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Asian stocks mixed
HONG KONG, Aug 7: Asian stocks closed mixed on Monday with investors sidelined ahead of a decision on US interest rates and sentiment dampened by another surge in oil prices.World...
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European stock markets slide
LONDON, Aug 7: European stock markets fell strongly on Monday as oil prices jumped higher, while investor sentiment was cautious on the eve of a US interest rate decision, dealers said....
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Palm oil prices higher
KUALA LUMPUR, Aug 7: Malaysian crude palm oil futures closed higher on Monday, helped by strong demand and higher soybean prices....
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Gold rises on weak dollar
LONDON, Aug, 7: Gold prices advanced on Monday on a softer dollar, Middle East worries that also firmed the oil market and on the view that another US interest rate rise is unlikely this week....
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