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| October 05, 2006 | Thursday | Ramazan 11, 1427 |
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ABN AMRO planning to buy Prime Bank: SBP allows due diligence
KARACHI, Oct 4: Another Pakistani bank, Prime Bank, has reached to finalise a deal with a foreign bank, and the State Bank has permitted ABN AMRO Bank to conduct due diligence, highly reliable banking sources told Dawn on Wednesday.... 
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Liberal trade Pakistan, US to form joint study group
ISLAMABAD, Oct 4: Pakistan and United States on Wednesday agreed to constitute a Joint Study Group (JSG) to identify further potential for liberalisation of trade between the two countries....
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Government to offermore incentives: Attracting foreign investment
ISLAMABAD, Oct 4: President Gen Pervez Musharraf said on Wednesday Pakistan would offer additional incentives to foreign investors as Islamabad was committed to facilitating them in all the major sectors of the economy.He...
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GDR listing to enhance Pakistan’s profile
ISLAMABAD, Oct 4: The Pakistani government is considering embarking on Global Depository Receipt (GDR) offers of shares from three banks - Habib Bank, United Bank and National Bank - and a power generation company....
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PM’s decision on millers demand likely in two days: Sugarcane crushing
LAHORE, Oct 4: Prime Minister Shaukat Aziz is expected to accept or reject, totally or partially, in the next two days the conditions laid by sugar millers to commence sugarcane crushing on the dates given by the government.The...
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Oil prices fall below $58
LONDON, Oct 4: World oil prices fell briefly below $58 per barrel on Wednesday following news of a bumper increase in crude stockpiles in the United States, dealers said....
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Fed chief sees healthy US economy in long-run
WASHINGTON, Oct 4: The Federal Reserve remains worried about inflation at the same time the housing market is slumping, Federal Reserve chairman Ben Bernanke said on Wednesday....
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EU’s new trade strategy
BRUSSELS, Oct 4: European trade chief Peter Mandelson on Wednesday unveiled a new trade strategy for the bloc, which set out plans to seek free trade agreements (FTA) with trading partners in key areas including South East Asia and South America....
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Export of non-textile products up by 33pc
ISLAMABAD, Oct 4: The export of non-textile products mainly commodities rose by 33.3 per cent to $1.228 billion during the first two months (July-Aug) of the fiscal year 2006-07 as against $0.921...
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KSE index settles above 10,700-point crucial level
KARACHI, Oct 4: Stocks were back on the rails on Wednesday after Tuesday’s mild correction as investors covered positions in oil and banking sectors at the lower levels followed by reports...
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Ginners raise prices on cotton market
KARACHI, Oct 4: The cotton market on Wednesday showed firm trend as ginners raised their selling prices owing to hectic mill buying and perceptions of pressure on ready supplies....
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Karachi Port operations
KARACHI, Oct 4: Seven ships, including two tankers carrying 15,000 tons of palm oil, are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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EU adopts anti-dumping measures on shoe imports
BRUSSELS, Oct 4: The European Union on Wednesday adopted, by the narrowest of majorities, new anti-dumping measures to tackle imports of leather shoes from China and Vietnam, a diplomatic source said.The...
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Port Qasim
KARACHI, Oct 4: Caravos Trade carrying canola seeds took berth at the multi purpose terminal during the last 24 hours, said a PQA press release here on Tuesday....
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ABC president
KARACHI, Oct 4: Iqbal Bengali and Reza-ur-Rahim have unanimously been elected as president and vice-president of the American Business Council (ABC) for the year 2006-07, says a press release....
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Asian stocks mostly lower
HONG KONG, Oct 4: Asian stocks closed mostly lower on Wednesday after North Korea threatened a nuclear test, eroding early confidence which followed a record performance by Wall Street overnight.Falling...
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European stocks higher
LONDON, Oct 4: European equity markets advanced on Wednesday after Wall Street''s Dow Jones shares index hit an overnight record on plunging energy prices, but the aerospace sector flew into turbulence, dealers said....
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Palm oil slips
KUALA LUMPUR, Oct 4: Malaysian crude palm oil futures extended losses on Wednesday, dragged down by a sharp decline in crude oil prices, traders said....
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