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| November 14, 2006 | Tuesday | Shawwal 21, 1427 |
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OGDC global, local share offering from 15th
ISLAMABAD, Nov 13: Pakistan on Monday announced to offer for sale up to 15 per cent shares of Oil and Gas Development Company Limited (OGDCL) to the international investors through global... 
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Bumper rice crop to boost exports
ISLAMABAD, Nov 13: The country''s rice exports are likely to be boosted by falling domestic prices because of an expected bumper harvest in the 2006-07 crop year....
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Banks’ spending up 26 per cent
KARACHI, Nov 13: Banks have been spending lavishly on expansion of luxury branches and huge salaries of new picks. This has pushed the administrative expenses by 26 per cent during nine months of this year....
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Duty-free delivery of goods from EU countries to UK
LONDON, Nov 13: Treasury’s income from duties on goods coming in from Europe is slated to come under considerable pressure soon as the European court of justice is said to be...
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Car sales growth falls to 8pc
KARACHI, Nov 13: Growth in sales of car has slowed down. After three years of double-digit growth car sales in July-October grew by eight per cent....
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Stocks resist fresh decline amid uncertain outlook
KARACHI, Nov 13: Stocks on Monday resumed trading on a positive note on early buying at the lower levels but failed to extend the rally and finished on a mixed note amid light trading....
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Adamjee to buy MCB, OGDC shares
KARACHI, Nov 13: Adamjee Insurance Company Limited announced on Monday that it would purchase five million shares of MCB Bank Limited (MCB) and two million shares of Oil & Gas Development Company Limited (OGDCL)....
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Oil prices dip on warm US weather forecast
LONDON, Nov 13: World oil prices slumped on Monday below $59 per barrel on forecasts of warmer-than-expected weather in the United States, which is the world’s biggest consumer of energy, dealers said....
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WB chief heads to Europe
WASHINGTON, Nov 13: World Bank president Paul Wolfowitz headed to Europe on Monday to meet British and top European Union officials before attending a high-level gathering of finance chiefs in Australia, officials said....
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Dollar gains against major currencies
NEW YORK, Nov 13: The dollar rose against the yen on Monday after the policy chief of Japan’s ruling party said he opposed an interest-rate hike, raising doubts among traders about the pace of Japanese economic growth....
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$40m aid for microcredit projects
OTTAWA, Nov 13: Ottawa will provide $40 million in aid to help microcredit projects in developing countries, Foreign Minister Peter MacKay said on Sunday....
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Sluggish trading on cotton market
KARACHI, Nov 13: Trading activity on the cotton market on Monday slowed down as spinners curtailed their daily intake followed by reports of imports from India....
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Riyadh posts $58.13bn budget surplus
RIYADH, Nov 13: Riding on strong crude markets, Saudi Arabia has announced posting a budget surplus of SR218 billion ($58.13bn) in 2005, registering a gross domestic product growth of a healthy 6.5...
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Lead prices plunge
LONDON, Nov 13: The price of lead sank by 12 pc on Monday, a sharp fall after the metal struck record highs last week.Analysts said that the downwards correction was because...
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Karachi Port operations
KARACHI, Nov 13: Five ships carrying chemicals and containers are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Citigroup’s seminar
KARACHI, Nov 13: Citigroup’s global transaction services unit organised a 2-day seminar titled “Global Trends in Trade and Cash Management” for its clients at Bhurban. It was attended by over 40 customers representing 30 major corporates from Karachi, Lahore and Islamabad....
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Asian stocks close lower
HONG KONG, Nov 13: Asian stocks closed lower on Monday with investors more concerned with issues at home after a flat performance by Wall Street left Asian equities without a solid lead....
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Palm oil up
KUALA LUMPUR, Nov 13: Malaysian crude palm oil futures finished higher on Monday, as higher prices of rival soyaoil and market-friendly data on stocks and exports boosted buying interest....
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European stock markets higher
LONDON, Nov 13: European stock markets climbed on Monday, with takeover talk powering share prices in London, and strong Alstom results underscoring Paris gains, dealers said....
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Karachi market rates
KARACHI, Nov 13: The following were Monday’s commodity market rates in rupees....
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