ENI plans to invest in deep sea exploration
ISLAMABAD, Nov 9: ENI Petroleum Company of Italy will make huge investment to undertake deep sea exploration in Pakistan from early next year. This was informed by ENI Senior Vice-President Mr...
10 shipping lines likely under Pakistan flag
KARACHI, Nov 9: Ten new shipping companies are expected to be registered over the next few months that would generate job opportunities for several hundred people....
Property tax formula ends harassment
KARACHI, Nov 9: Instances of harassment by the property tax officials have come down following a formula reached between the department and representatives of industry in different industrial estates....
European stock markets close mixed
LONDON, Nov 9: European equities were mixed on Thursday, with investors largely unaffected by US election news while Frankfurt trading was underpinned by profits at German electronics giant Siemens, dealers said....
National Logistics to import used trucks
ISLAMABAD, Nov 9: The government is considering a proposal to allow the National Logistics Cell (NLC) to import around 300 used trucks to further strengthen its country-wide trucking operations....
Study on Saarc home textiles
KARACHI, Nov 9: Time has come for the Pakistani companies to cash upon the booming surge in the apparel and home textile industry in sub-continental market comprising of Sri Lanka, India and Bangladesh....
Oil prices surge past $61
LONDON, Nov 9: World oil prices surged past $61 per barrel on Thursday, their highest level in two weeks following the previous day''s heavier-than-expected fall in US heating fuel reserves....
Subsidy on fertilizer to stay
HYDERABAD, Nov 9: Federal Food and Agriculture Minister Sikandar Hayat Bosan has indicated that the subsidy on Phosphate and Potash fertilisers will not only continue but its rate will be raised to Rs400 from Rs250....
UK interest rates hit 5-year peak
LONDON, Nov 9: The Bank of England on Thursday pushed British interest rates up by a quarter-point to a five-year pinnacle of 5.0 per cent as the central bank sought to keep a handle on inflation....
Grain exports
KIEV, Nov 9: The Dutch, German and USA ambassadors to Ukraine warned authorities in Kiev on Thursday that restrictions on grain exports would damage the country''s economy and investment climate....
US trade gap dips
WASHINGTON: Falling crude oil prices helped the US trade deficit fall to $64.3 billion in September, following a record 69 billion in August, the Commerce Department said on Thursday....