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| August 27, 2006 | Sunday | Sha'aban 2, 1427 |
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PM for steps to get better share in world textile
ISLAMABAD, Aug 26: Prime Minister Shaukat Aziz has said the government is committed to facilitating the private sector to improve competitiveness and productivity. He was talking to a delegation of the... 
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Proper strategy to negotiate FTA with China urged
ISLAMABAD, Aug 26: Local manufacturers and traders have asked the government to avoid speedier conclusion of the proposed free trade agreement (FTA) with China. They advised the authorities to negotiate the...
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Aramco to buy stake in Showa Shell
RIYADH, Aug 26: Saudi Aramco, the state-owned oil conglomerate, plans to buy up to 14.95 per cent in Japan’s fifth-largest refiner Showa ShellSekiyu K.K., the official Saudi Press Agency (SPA) reported on Saturday....
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Centre fails to disburse subvention payment to NWFP
PESHAWAR, Aug 26: The finance division in Islamabad has not paid heed to the NWFP government''s requests vis-à-vis the payment of remaining amount of Rs1 billion the province has claimed on account of subvention for the last financial year, officials say....
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PQA to get increased royalty for existing terminal
KARACHI, Aug 26: Port Qasim has made great achievement on getting its royalty enhanced for the existing container terminal from $4 per move to $9.2 per move....
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Ghee makers fear losing $100m Kabul market
KARACHI, Aug 26: The Central Board of Revenue (CBR), by withdrawing rebate of Rs2,960 per ton on export, has knocked out of business the ghee manufacturers not only from the Afghanistan market but also from domestic markets....
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Procedure for payment of 6pc R&D subsidy
ISLAMABAD, Aug 26: The ministry of commerce on Saturday issued procedures for the payment of six per cent research and development (R&D) subsidy to the leather footwear sector....
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Women business centres planned
SIALKOT, Aug 26: Small and Medium Enterprise Development Authority (Smeda) has prepared a comprehensive plan for setting up women business incubation centres in Punjab to provide ''hands-on'' support to women entrepreneurs....
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PTA with Iran to be effective from Sept 1
ISLAMABAD, Aug 26: Commerce Minister Humayun Akhtar Khan has said the preferential trade agreement (PTA) between Pakistan and Iran would be effective from September 1, 2006, which would increase the volume of bilateral trade....
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Pact for truck assembling signed
KARACHI, Aug 26: Silver Seal International (SSI) has entered into an agreement with a Chinese company -- Chongqing Maxwell Hi-Tech Developing Ltd. of Hautwell Group -- to assemble one ton truck in the country....
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Financing under CFS falls toRs20.4bn
KARACHI, Aug 26: The financing under CFS on the Karachi Stock Exchange last week showed further decline as demand for funds did not pick up owing to steep decline in share values....
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Govt asked to protect basmati rights
KARACHI, Aug 26: The Union of Small and Medium Enterprises (Unisame) has asked the commerce ministry to approach Indian courts to protect Pakistan’s rights over ‘Super Basmati’ and if stay is...
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Globalisation no guarantee of low inflation
JACKSON HOLE, Aug 26: When it comes to central bankers and their success in controlling inflation, past performance is no guarantee of future results, a top economist said on Saturday....
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Lint prices maintain steady outlook
KARACHI, Aug 26: Cotton market on Saturday showed steady trend as mill demand picked up amid fears of damage to standing crop in the Sindh cotton belt because of recent rain....
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Malaysian interest rate unchanged
KUALA LUMPUR, Aug 26: Malaysia’s central bank has kept its benchmark interest rate unchanged at 3.5 per cent for a third straight meeting as the country’s inflation eases, a report said on Saturday....
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ECB urged to act promptly on inflation
DRO, Italy, Aug 26: The European Central Bank must act at once if there are any signs of inflationary pressures in order to maintain credibility with markets, Executive Board member Lorenzo Bini Smaghi said on Saturday....
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Banks’ merger to change Italian business map
MILAN, Aug 26: The boards of Banca Intesa and Sanpaolo IMI, Italy''s second and third-largest banks, met separately on Saturday to seal a merger plan to create one of Europe''s top banks....
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China to curb investment in coal industry
BEIJING, Aug 26: China will soon issue new regulations to put the brakes on increasing investment in the coal-chemicals industry which has been attracting interest amid soaring oil prices, state media said on Saturday....
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Karachi Port operations
KARACHI, Aug 26: Six ships carrying containers, general cargo and crude oil are due to arrive at the outer anchorage on Sunday, according to KPT sources....
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Oil prices spike, nickel and coffee hit peaks
LONDON, Aug 26: Crude oil prices rebounded, while nickel hit a historic peak and coffee futures in London reached their highest level in seven years in a volatile trading week for commodities....
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Saudi king says high oil prices unjustified
RIYADH, Aug 26: Saudi King Abdullah was quoted on Saturday as saying high oil prices were unjustified because global markets were well supplied. The king also told Asharq al-Awsat newspaper in...
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Wall Street mixed
NEW YORK, Aug 26: US stocks remained stuck in a narrow range on Friday amid a dearth of economic news, with traders unwilling to take new positions ahead of a late summer weekend.The...
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Yen dives
NEW YORK, Aug 26: The yen neared a historic low against the euro and also slipped against the dollar on Friday after weak Japanese consumer inflation data, traders said....
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Karachi market rates
KARACHI, Aug 26: The following were Saturday’s commodity market rates in rupees....
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