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DAWN - the Internet Edition  



September 26, 2006 Tuesday Ramazan 2, 1427

Business


Two parties interested in CSIBL
LAHORE, Sept 25: At least two “investors from the financial industry” have shown interest in the acquisition of Crescent Standard Investment Bank Ltd (CSIBL), whose board of directors and management was...
Complete Story
WB doubts credibility of Sindh jobless figures
KARACHI, Sept 25: The World Bank has questioned the credibility of the official unemployment rate of 5.9 per cent in 2003-04 in Sindh and has attributed this understatement to the way “the unemployment status is defined in official statistics”....
Complete Story
Portfolio investment jumps in Sept
KARACHI, Sept 25: Foreign private investment in Pakistan’s stock market has suddenly jumped in September. Almost all the investments came from the United States and the United Kingdom....
Complete Story
EC unwilling to amend rice regulation
ISLAMABAD, Sept 25: The European Commission has conveyed its unwillingness to Pakistan for amending its rice regulation, saying any amendment to the regime was not possible without consulting India, it is learnt....
Complete Story


Companies make quick money at fairs
KARACHI, Sept 25: The passion for shopping is not new to our society. It was demonstrated recently at Karachi Electronics and Electrical Fair (KEEF) held in Expo Centre on September 14-16 where companies made millions in just three days....
Complete Story
Call to end probe against nine suppliers: Dumping of PSF
LAHORE, Sept 25: The All Pakistan Textile Mills Association (Aptma) has called for scrapping of anti-dumping investigation initiated by the National Tariff Commission (NTC) against their nine polyester staple fibre (PSF)...
Complete Story


Oil cuts losses after falling below $60
LONDON, Sept 25: Oil prices sank below $60 on Monday, striking the lowest levels for more than six months as tensions eased over Iran and BP said it would resume output at the biggest US oil field, dealers said....
Complete Story
Index sheds 54.60 points on selling in base shares
KARACHI, Sept 25: Trading on the stock market on Monday resumed on a higher note but failed to sustain the early run-up on selling triggered by conflicting rumours, including coup linked to Sunday’s country-wide power breakdowns....
Complete Story


Timings of income tax offices extended
ISLAMABAD, Sept 25: The Central Board of Revenue (CBR) has extended the timing of all income tax offices to facilitate the taxpayers in filing their tax returns.CBR...
Complete Story
Measures to protect cotton crop
LAHORE, Sept 25: Punjab Agriculture Minister Arshad Khan Lodhi on Monday said measures are being taken to protect cotton crop against attack of whitefly, spotted bollworm, pink bollworms and other pests....
Complete Story
Lint trading resumes on easy note
KARACHI, Sept 25: Trading on the cotton market on Monday resumed on an easy note as ginners held on to their stocks to forestall further decline in prices....
Complete Story
Karachi Port operations
KARACHI, Sept 25: Five ships carrying containers, chemicals and to load ethanol are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
Complete Story


Agreement
LAHORE, Sept 25: An American provider of B2B IT products, services and solutions has entered into an agreement to acquire stock of two Pakistani companies offering business process outsourcing (BPO) services in the international and local markets....
Complete Story
Energy cooperation
TASHKENT, Sept 25: Uzbekistan''s President Islam Karimov told visiting South Korean Prime Minister Han Myung-Sook that his government expand bilateral energy cooperation, including through the supply of uranium, a spokesman for the president said on Monday....
Complete Story
Plgmea chief
KARACHI, Sept 25: Ch Ahmed Zulfiqar Hayat has unanimously been re-elected as central chairman of the Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) for the year 2006-07....
Complete Story
Asian stock markets flat
HONG KONG, Sept 25: Asian stocks closed flat and tending lower on Monday with investors increasingly worried about the outlook for a slowing United States economy after falls on Wall Street....
Complete Story


Palm oil Lower
KUALA LUMPUR, Sept 25: Malaysian crude palm oil futures closed down 2.5 per cent on Monday to their lowest levels in more than two months, dragged down by a decline in the prices of crude oil and soyaoil....
Complete Story
Trading begins on Asian-based market
SINGAPORE, Sept 25: The Singapore Exchange and Chicago Board of Trade on Monday launched a derivatives market for Asian based commodities. The Joint Asian Derivatives Exchange (JADE) began trading with the...
Complete Story
European shares higher
LONDON, Sept 25: European stock markets advanced on Monday as oil-exposed stocks benefited from crude prices sinking beneath $60 per barrel, dealers said....
Complete Story
Karachi market rates
KARACHI, Sept 25: The following were Monday’s commodity market rates in rupees....
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