Low Graphics Site

August 11, 2006 Friday Rajab 15, 1427 More banks acquisition, mergers likely KARACHI, Aug 10: Standard Chartered Bank has set a new trend in the banking industry of the country after having acquired Union Bank. Reports suggest that some more European banks are... US agrees to update procedures for BIT ISLAMABAD, Aug 10: The United States has agreed to update its investment procedures in order to help sign the much-delayed bilateral investment treaty (BIT) between Pakistan and the US preferably by September this year.... Airlines shares plummet on bomb scare LONDON, Aug 10: Airlines cancelled hundreds of flights in and out of London on Thursday after a foiled bomb threat sparked a security alert, throwing UK airports into chaos and pummelling airline stocks.... US team arrives for ROZs talks ISLAMABAD, Aug 10: A seven-member technical team of the United States has arrive here to start consultation for finalising modalities and procedures for the establishment of reconstruction opportunity zones (ROZs) in... KSE index sheds 130.45 points KARACHI, Aug 10: The share market on Thursday finished with an extended fall as investors continued to unload long positions on oil and cement sectors despite the fact that their board meetings are due next week.... Trade gap widens by 70.58pc in July ISLAMABAD, Aug 10: Pakistan''s trade deficit widened by 70.58 per cent to $1.239 billion during the first month of the fiscal year 2006-07 as against $726.936... Reduced interest rate applied to old export loans KARACHI, Aug 10: The State Bank on Thursday announced more benefits for the exporters as interest rate on old borrowings was curtailed and matched with the new reduced rate.... Gold prices fall LONDON, Aug 10: Gold reversed track to fall on Thursday after gaining on news British police had thwarted a plot to blow up aircraft crossing the Atlantic.... Duty credit for overseas Pakistanis enhanced ISLAMABAD, Aug 10: The Central Board of Revenue (CBR) has enhanced the duty credit to be available on import of unaccompanied baggage of the overseas Pakistani in a bid to encourage remittances through normal banking channels.... Asian states fail to conclude FTA talks DHAKA, Aug 10: Bangladesh Foreign Minister M Morshed Khan said on Thursday that all BIMSTEC members should show flexibility to ensure equitable trade growth in the region.... US trade deficit narrows WASHINGTON, Aug 10: The US trade deficit narrowed to touch $64.8 billion in June as the high level of oil imports offset a record growth in exports, the Commerce Department said on Thursday.... Hubco board declares dividend KARACHI, Aug 10: Hub Power Company Limited on Thursday announced a final dividend of 18.5 per cent for the year ending June 30, 2006. An announcement of the company said that... Ginners lower asking prices KARACHI, Aug 10: The cotton market on Thursday showed an easy trend, as some of the ginners lowered heir asking prices followed by reports of steady arrivals of phutti into ginneries.... CBR transfers and postings ISLAMABAD, Aug 10: The Central Board of Revenue (CBR) on Thursday transferred and posted 47 customs collectors and commissioners of income tax. According to the notifications issued here, Nadir Khan Hoti... Karachi Port operations KARACHI, Aug 10: Six ships, carrying coal, steel and general cargo are expected to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves was... Port Qasim KARACHI, Aug 10: Brisk shipping activity was observed at the Port where seven ships scheduled to load and offload containers, chemicals, edible oil, furnace oil, iron ore and LPG were berthed, said a PQA press release here on Thursday.... Coal-fired power plant KARACHI, Aug 10: The Dadabhoy Hydrocarbon will set up a 200MW coal-fired power plant at Sonda Jherrak in Sindh. This was announced by Dadabhoy Cement Industries here on Thursday.... Asian stocks mostly lower HONG KONG, Aug 10: Asian stocks closed mostly lower on Thursday after falls on Wall Street, a surge in oil prices and an alleged terrorist plot prompted bouts of solid profit taking, dealers said.... Palm oil prices KUALA LUMPUR, Aug 10: Malaysian crude palm oil futures closed lower on Thursday, dragged down by profit-taking after cargo surveyors announced strong exports data. But traders said the market is unlikely... Rating KARACHI, Aug 10: The JCR-VIS Credit Rating Company Ltd has reaffirmed the Insurer Financial Strength rating of EFU General Insurance Ltd at ‘AA’ with ‘stable’ outlook, says a press release....

Contributions Privacy Policy © DAWN Group of Newspapers, 2006