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| September 30, 2006 | Saturday | Ramazan 6, 1427 |
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Barclays close to a deal with local bank
KARACHI, Sept 29: Another surprising deal is awaiting the banking industry in the country as the majority shareholder of a large bank is negotiating to sell its stakes, banking sources told Dawn on Friday.... 
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Slic proposes real estate management company: Protecting assets ahead of sell-off
KARACHI, Sept 29: The State Life Insurance Corporation (Slic) has presented a proposal to the government to set up a Real Estate Management and Development subsidiary company that will manage about Rs18 billion worth real estates owned by the corporation....
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Strategy to make textile industry competitive: PM chairs meeting
ISLAMABAD, Sept 29: Prime Minister Shaukat Aziz on Friday asked the National Textile Strategy Committee (NTSC) to submit its final recommendations by December 31, 2006 to work out a national textile strategy to make the industry more competitive and sustainable....
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Imported fabrics flood markets: Eid shopping
KARACHI, Sept 29: Imported readymade garments have made deeper inroads in the local markets and consumers will again have a wide-range of choice this year during the peak shopping period preceding the Eid festival....
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OGDC posts record profit of Rs46bn
ISLAMABAD, Sept 29: Directors reminded shareholders at the Oil and Gas Development Company (OGDC) annual general meeting held on Friday, that the company had earned a profit after tax of Rs46...
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Oil prices weaken on abundant supplies
LONDON, Sept 29: Oil prices declined on Friday as traders’ attention turned to abundant global supplies, while the market shrugged off a move by Opec members Nigeria and Venezuela to reduce their production, dealers said....
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Mandelson explores WTO revival in US talks
WASHINGTON, Sept 29: European Union trade chief Peter Mandelson on Friday wrapped up three days of “exploratory” meetings with US leaders aimed at reviving the WTO’s stalled drive to tear down commercial barriers....
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Tax returns: CNIC number mentioning compulsory
ISLAMABAD, Sept 29: The Central Board of Revenue on Friday clarified that mentioning of new Computerized National Identity Card (CNIC) number on all tax declarations as well as for making payment...
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KSE 100-share index falls modestly
KARACHI, Sept 29: Stocks on Friday fell modestly from the higher levels as a section of investors took profits at the available margins but all sale offers were readily absorbed both the rise and the fall....
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India records 8.9pc growth
NEW DELHI, Sept 29: India, the world''s second-fastest growing major economy after China, beat most forecasts on Friday by reporting 8.9 per cent growth in the first quarter to June, official data showed....
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3 deep-sea exploration licences awarded
ISLAMABAD, Sept 29: The government on Friday awarded three exploration licences and signed production sharing agreements with Government Holdings (Pvt) Limited and Petroleum Exploration (Pvt) Limited (PEL) over blocks Indus-J, Indus-O and offshore Indus-P....
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Spinners, mills build up long positions
KARACHI, Sept 29: Active trading was witnessed on the cotton market on Friday as spinners and mills continued to build up long positions at the falling prices....
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PVMA seeks upward revision of ST refund
ISLAMABAD, Sept 29: The Pakistan Vanaspati Manufacturers’ Association (PVMA) on Friday requested the government for an upward revision of sales tax refund on export of vegetable ghee and cooking oil, saying...
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Filament yarn exempted from dumping duty
ISLAMABAD, Sept 29: The National Tariff Commission (NTC) has withdrawn anti-dumping duty from export of polyester filament yarn (PFY) of two more producers of Thailand to Pakistan against price undertaking....
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Asian stock markets higher
HONG KONG, Sept 29: Asian stocks closed flat but tending higher on Friday with Wall Street pushing towards an all-time high helping to underpin positive sentiment, dealers said....
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Palm oil up
KUALA LUMPUR, Sept 29: Malaysian crude palm oil futures closed marginally higher in slow trade on Friday as higher prices of rival soyoil lifted the market but a decline in crude oil limited gains....
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Port Qasim
KARACHI, Sept 29: Shipping activity remained active at the port where four ships carrying containers, edible oil and sugar took berths during the last 24 hours, said a PQA press release here on Friday....
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Karachi Port operations
KARACHI, Sept 29: Five ships carrying palm oil and project cargo are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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