Low Graphics Site

September 13, 2006 Wednesday Sha'aban 19, 1427 Avenues for additional forex being explored KARACHI, Sept 12: Over $1bn trade deficit in first two months, an unimpressive export performance, fear of drop in cotton output and mounting pressure on rupee exchange rate have compelled the... Draft amendments to NBFC rules notified ISLAMABAD, Sept 12: The Securities and Exchange Commission of Pakistan (SECP) has notified draft amendments to the Non-Banking Finance Companies (establishment and regulation) rules 2003 (NBFC Rules).... JBIC to launch Sukuk bonds in Pakistan KARACHI, Sept 12: The Japan Bank for International Corporation (JBIC) will launch shariah-compliant Sukuk bonds in Pakistan to tap the potential for the growth of Islamic banking, said banking sources.... Oil prices drop to five-month lows LONDON, Sept 12: World oil prices fell to the lowest points in more than five months on Tuesday as data pointed to waning demand for energy, analysts said.... Exporters resent income tax on gross proceeds KARACHI, Sept 12: Exporters have alleged that the Central Board of Revenue (CBR) is fleecing them in millions of rupees by deducting one per cent income tax on exports at gross amount of proceeds.... Indian group may invest Rs20bn in steel project LAHORE, Sept 12: Indian multinational Jindal Group is considering investing Rs20 billion in a stainless steel manufacturing project in Pakistan. Jindal''s commercial director R.K. Goyal was talking to newsmen during a... Basel II described as revolution in risk management KARACHI, Sept 12: State Bank Governor Dr Shamshad Akhtar has termed Basel II a `revolution’ in regulation and risk management and pointed out that its impact would not only change the... EoIs for tomato paste plant invited ISLAMABAD, Sept 12: The Privatisation Commission (PC) has invited Expressions of Interest (EoIs) for the sale of Tomato Paste and Vegetable Dehydration Plant (machinery and equipment only) from prospective investors.... US trade gap widens WASHINGTON, Sept 12: The US trade deficit surged to a record $68 billion in July as rising oil prices created a mammoth fuel bill for the world''s largest economy, the government said on Tuesday.... Dollar stable LONDON, Sept 12: The dollar survived a knee-jerk sell-off on Tuesday, prompted by news that the US trade deficit in July expanded to record levels, and gained some ground against the euro.... SBP earns record profit KARACHI, Sept 12: The State Bank earned a record profit of Rs68 billion in the year ending June 30, 2006.... Index up 264.40 points as investors welcome CFS raise KARACHI, Sept 12: Investors on Tuesday welcomed the increase in the Continuous Financing System (CFS) but gave a cautious reaction to the ban on in-house financing and short-selling on the perception... Cotton market rules firm KARACHI, Sept 12: The cotton market on Tuesday maintained a firm trend as spinners and mills continued to build up long positions around the current levels amid fears of a short crop.... EU to limit central banks’ powers BRUSSELS, Sept 12: The European Commission on Tuesday proposed setting strict limits on the powers of central banks to block mergers and takeovers in the banking sector.... Karachi Port operations KARACHI, Sept 12: Seven ships carrying chemicals, steel and sugar are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI, Sept 12: Shipping activity remained active at the port where two ships carrying containers were berthed at the QICT during the last 24 hours, said a PQA press release here on Tuesday.... Asian stocks mostly lower HONG KONG, Sept 12: Asian stocks closed mostly lower again on Tuesday as investors took a sharp slide in commodity prices as a signal that underlying global demand could be slowing, dealers said.... Gold higher LONDON, Sept 12: Gold and oil jumped on Tuesday, while base metals stabilised as big investors saw the previous day''s hefty sell-off as a buying opportunity.... Palm oil mixed BANGKOK, Sept 12: Malaysian crude palm oil futures ended mixed in thin, cautious trade on Tuesday ahead of the release of USDA crop report due later in the day.... European shares slightly up LONDON, Sept 12: European stock markets slightly up on Tuesday, mirroring small gains won by Wall Street overnight. London''s FTSE 100 index of leading shares climbed 0.05...

Contributions Privacy Policy © DAWN Group of Newspapers, 2006