Economic gains after 9/11 yet to reach majority KARACHI, Sept 9: At 30 minutes past nine in the morning, five years ago, on September 11 the world changed. The terrorist attacks on Twin Towers in New York shook not just the globe’s sole super power but the whole world....
Major units’ sell-off to be completed this year
ISLAMABAD, Sept 9: The Privatisation Commission Board on Saturday decided to accelerate the privatisation process by finalising a number of transactions, including Pakistan State Oil, during 2006 positively....
Rozgar scheme aims to reach 400,000 borrowers
KARACHI, Sept 9: The government wants to reach about 400,000 borrowers with about Rs20 billion by the end of June next year through the National Bank of Pakistan branch network under...
Banks borrowing for consumer lending
KARACHI, Sept 9: Race for consumer lending has put banks into cash crunch as they are burrowing from mutual funds at a much higher rate pushing the risk high for the both, said banking sources....
Delay in MNP launching irks some operators
KARACHI, Sept 9: Some cellphone operators who are ready for the commercial implementation of mobile number portability (MNP) in October appear not happy over the postponement of the MNP till December...
Import of solvent oil exempted from duty
ISLAMABAD, Sept 9: The Central Board of Revenue has exempted the import and supply of solvent oil from federal excise duty for manufacture of shoes adhesives....
Goods worth Rs1.5bn transported under ATT
PESHAWAR, Sep 9: Goods worth Rs1.5 billion were transported to Afghanistan via Torkham border under the Afghan Transit Trade (ATT) during the first two months of the current financial year, according to officials....
Pakistan to urge Mexico for removing ban on rice
ISLAMABAD, Sept 9: Pakistan will formally ask Mexican government to withdraw the ban imposed on import of all kinds of rice from Pakistan around six years ago....
Peak oil theory coming increasingly under discussion
RIYADH, Sept 9: Not withstanding the counter arguments, ‘peak oil’ school is recruiting new adherents. On a sweltering Tuesday (from European standards) in mid-July, in the fields outside Pisa, Italy, a...
Oil prices slump, denting metals gains
LONDON, Sept 9: Crude oil futures tumbled to five-month low points on easing supply concerns this week, leading to an erosion of gains won by precious metals....
Poultry rates
KARACHI, Sept 9: The following are Sunday’s poultry market rates:...
Aptma NWFP seeks subsidized energy
PESHAWAR, Sept 9: All Pakistan Textile Mills Association (Aptma), NWFP Chapter, has demanded the provincial government to provide a level-playing field to the textile units by giving them electricity at reduced rates and subsidy to overcome higher transportation cost....
Rs9.27m for FPCCI R&D activities approved
KARACHI, Sept 9: The board of Export Development Fund (EDF) has approved Rs9.274 million for upgradation of Research and Economic Development Department of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI)....
Port Qasim
KARACHI, Sept 9: Four ships carrying containers, diesel oil and chemicals were berthed at QICT, Fotco Terminal and EVT during the last 24 hours, said a PQA press release on Saturday....