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September 07, 2006 Thursday Sha'aban 13, 1427

Business


WB report on Sindh economy delayed
KARACHI, Sept 6: The World Bank report on Sindh economy is being delayed because of sharp conflict in perceptions and assessment of the bank’s researchers and surveyors with the provincial and federal governments on provincial finances and functioning of the departments....
Complete Story
Petrol sales decline on rising gas consumption
KARACHI, Sept 6: The increasing use of compressed natural gas (CNG) and liquefied petroleum gas (LPG) in vehicles continues to give jerk to the petrol sales, which fell to 99,134 tons in July 2006 compared to 100,493 tons in July 2005....
Complete Story
Investors waiting for forensic probe report : Stock crisis of March 2005
KARACHI, Sept 6: Investors in stocks, who lost their life-time savings during the stock market crisis of March 2005, are eagerly awaiting the forensic investigation report....
Complete Story
Deal signed to set up 225mw power plant
KARACHI, Sept 5: Another container vessel has been registered under Pakistan flag. It will ply between !ebr18h! and Indian ports....
Complete Story


Taxpayers to submit CNIC with returns
KARACHI, Sept 6: The Central Board of Revenue has made it mandatory for taxpayers to submit copy of their Computerized National Identity Cards (CNIC) along with tax returns for the tax year 2006....
Complete Story
Industrial policy to be finalised by Oct 31
ISLAMABAD, Sep 6: Minister for Industries, Production and Special Initiatives Jehangir Khan Tareen on Wednesday said that a comprehensive industrial policy envisaging essential requirements for industrialisation in the country would be finalised by October 31....
Complete Story


Canadian trade team to visit Pakistan
TORONTO, Sept 6: A Canadian trade mission is due to leave here for Islamabad on Friday afternoon to explore the possibilities of investments and joint ventures in Pakistan....
Complete Story
Stocks cut overnight losses on active buying
KARACHI, Sept 6: Stocks on Wednesday turned in an improved performance as investors covered positions on the selected counters at the lower levels but leading bears were conspicuous by their absence....
Complete Story


Cotton prices ease on active phutti arrivals
KARACHI, Sept 6: After having risen steadily for the last couple of sessions, cotton prices on Wednesday eased by Rs25 to Rs50 per maund in physical trading on selling triggered by...
Complete Story
Asian Bank to give $2bn in assistance
ISLAMABAD, Sept 6: The Asian Development Bank (ADB) would enhance to $2 billion its annual financial assistance to Pakistan....d building materials....
Complete Story
Pakistan-US talks on BIT next month
ISLAMABAD, Sept 6: Pakistan and the United States will hold the fifth round of negotiations on the draft Bilateral Investment Treaty (BIT) early next month in a bid to develop consensus on the remaining disputed clauses of the agreement....
Complete Story
Karachi Port operations
KARACHI, Sept 6: Seven ships carrying coal, steel and to load molasses are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
Complete Story


Port Qasim
KARACHI, Sept 6: Three ships to load and offload containers and edible oil were berthed at the QICT and MPT during the last 24 hours, said a PQA press release on Wednesday....
Complete Story
Gold mine closure in Ghana
LONDON, Sept 6: AngloGold Ashanti, a subsidiary of global mining giant Anglo American, warned on Wednesday that it might be forced to shut one of its gold mines in Ghana owing to restrictions on use of the country''s electricity....
Complete Story
Asian stocks close lower
HONG KONG, Sept 6: Asian stocks closed mostly lower on Wednesday as investors continued to take profits on recent gains after Wall Street''s indifferent performance provided no lead, dealers said....
Complete Story
Palm oil mixed
KUALA LUMPUR, Sept 6: Malaysian crude palm oil futures closed mixed in lacklustre trading on Wednesday, as the market awaited fresh trading opportunities....
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