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| September 21, 2006 | Thursday | Sha'aban 27, 1427 |
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‘In-house’ badla ban deferred: Ban on short sale to stay
KARACHI, Sept 20: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday revised dates of ban on ‘in-house’ badla and re-start of short sale in futures contracts.... 
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Body formed to resolve fishing rights issue
KARACHI, Sept 20: A high-level committee comprising chief secretaries of Balochistan and Sindh governments and the federal food and agricultural secretary has been formed to decide on issues of granting fishing...
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Pakistan hopes to benefit from IMF reforms
SINGAPORE, Sept 20: Pakistan hopes to benefit from the IMF reforms, as weightage of emerging markets and developing countries increases in the key economic surveillance agency....
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Japanese company interested in power projects
ISLAMABAD, Sept 20: Japanese company Marubeni Corporation has shown keen interest in four thermal-based power projects, including 450mw Uch-II power project at Kashmore, 400mw at Faisalabad and 350mw at Chichokimalian being...
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Stocks continue recovery drive on badla extension
KARACHI, Sept 20: Share market on Wednesday staged a broad recovery on active covering purchases aided by a combination of positive news, notably one month’s extension in the facility of in-house Badla financing....
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Slow speed of refund irritates Taiser Town applicants
KARACHI, Sept 20: Taking money back from any institution has always been a difficult problem but the depositors of Taiser Town feel that the return of their money is deliberately being delayed....
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Business fund to provide grant to SMEs
KARACHI, Sept 20: The SME Business Support Fund will provide matching grant to 1,200 small and medium sized units towards consultancy, marketing, packaging and improvement in quality....
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Wapda signs agreement with Alstom
KARACHI, Sept 20: The Water and Power Development Authority (Wapda) on Wednesday signed an emergency power supply agreement with US-based Alstom Power Rentals (APR) in Lahore....
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Oil prices fall below $61
LONDON, Sept 20: World oil prices slid on Wednesday to the lowest points for six months, below $61 per barrel, after official data showed a surge in stockpiles of US distillates ahead of the northern hemisphere winter, traders said....
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12 Hubco directors elected
KARACHI, Sept 20: Hub Power Company Limited (Hubco) announced that shareholders had elected 12 directors at the Annual General Meeting (AGM) held in Islamabad on Wednesday....
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Prices stay firm on cotton market
KARACHI, Sept 20: Cotton prices on Wednesday rose modestly followed by reports that growers were holding back larger part of their freshly picked phutti to sell it at higher rates....
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Investment in machine tools sector urged
KARACHI, Sept 20: Minister of State and Chairman Export Promotion Bureau (EPB) Tariq Ikram on Wednesday urged the foreign participants to the second international Machine Tools and Automation exhibition to invest...
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Vehicles to be sold to only NTN holders
ISLAMABAD, Sept 20: The Central Board of Revenue (CBR) has asked the local automobiles manufacturers to sell vehicles only to customers having National Tax Number (NTN)....
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Karachi Port operations
KARACHI, Sept 20: Three ships including Danuta with 40,000 tons of raw sugar are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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New chief vows to protect PS interest
KARACHI, Sept 20: Newly-appointed Pakistan Steel Chairman Maj-Gen (retd) Muhammad Javed has called the mills as “one of the most esteemed assets of the country owned by the government, and we are there to safeguard its interests”....
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Asian markets lower
HONG KONG, Sept 20: Asian financial markets were jolted on Wednesday by the military coup in Thailand but the losses were limited and will likely stay that way unless the takeover sparks a violent response....
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European shares rise
LONDON, Sept 20: European stock markets advanced on Wednesday as investors shrugged off initial worries over the bloodless coup in Thailand and focused instead on an interest rate decision in the United States....
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Palm oil down
KUALA LUMPUR, Sept 20: Malaysian crude palm oil futures closed more than 2 per cent lower on Wednesday, dragged down by lower prices for soyaoil and crude oil....
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