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| November 18, 2006 | Saturday | Shawwal 25, 1427 |
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Case being made for getting concessions: Overall exports falling
KARACHI, Nov 17: Not only the textiles, but almost all major key items of Pakistan’s export have been hit hard by the extreme slump in the current fiscal year and exporters... 
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Textile industry begins downsizing: Rising input cost
LAHORE, Nov 17: The textile industry — from spinning and weaving to value-added garments and made-ups and home textile units — has begun downsizing workforce to save the costs as textile and garments exports fell by 10.42pc...
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Conversion of ‘in-house’ badla not easy job
KARACHI, Nov 17: The conversion of ‘in-house’ badla to the Continuous Funding System (CFS) would be a Herculean task for the management of the stock exchanges for no one really knows...
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Management structure of GPA approved
KARACHI, Nov 17: The board of directors of Gwadar Port Implementation Authority (GPIA) has approved organisational set-up for the Gwadar Port Authority (GPA) by laying down strict parameters for hiring professionals...
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US economy faces with housing slump
WASHINGTON, Nov 17: US housing starts plunged to a six-year low to exacerbate fears for the outlook of the world’s largest economy, according to data on Friday....
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Stocks again falter as support turns shy
KARACHI, Nov 17: After higher opening, the share market on Friday finished lower as follow-up support turned shy owing to weekend considerations and some rethinking on the new risk management rules despite phasing out of their implementation up to December 2007....
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Saudi group to inject Rs6bn in CCBL
KARACHI, Nov 17: A Saudi financial group will inject Rs6 billion into Crescent Commercial Bank (CCBL) to save it from de-listing of the scheduled banks’ list of the State Bank....
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Oil price falls below $55 in New York
LONDON, Nov 17: The price of crude oil in New York sank on Friday beneath $55 per barrel, striking a level last seen in June 2005 amid concerns over the full implementation of a recent cut in Opec oil output....
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Romania needs manpower
LAHORE, Nov 17: Romania’s Deputy Prime Minister Bogdan Pascu has stressed the need for enhancing bilateral relations between his country and Pakistan, saying Romania will facilitate visits by Pakistani businessmen through a hassle free visa process....
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Govt agrees to clear Rs8bn PSO dues
ISLAMABAD, Nov 17: The ministry of finance has agreed to pay about Rs8 billion that various government departments and agencies owe Pakistan State Oil (PSO) to clear the way for privatising the company by June 2007 "positively"....
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Lint prices rise on low phutti arrivals
KARACHI, Nov 17: Firm trend was witnessed on Friday as lint prices were quoted further higher by Rs15 per maund followed by reports of a considerable decline in arrivals of phutti during the last couple of sessions....
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Sindh CM set to okay 24 projects
KARACHI, Nov 17: The approval of 24 investment projects by the Sindh chief minister is due shortly but their implementation is expected to be delayed owing to the scarcity of land...
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Two firms fined for unfair disposal of shares
ISLAMABAD, Nov 17: The Securities and Exchange Commission of Pakistan (SECP) has imposed an aggregate penalty of Rs10 million on M/s Clearshore Ltd, its directors and directors of Ahmed Spinning Mills...
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Karachi Port operations
KARACHI, Nov 17: Eight ships carrying cement and to load molasses are expected to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing activity at the wharves was...
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Port Qasim
KARACHI, Nov 17: Four ships carrying containers, chemicals and furnace oil were berthed at QICT, EVT and Fotco Terminal during the last 24 hours, said a PQA press release on Friday....
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Palm oil up
BANGKOK, Nov 17: Malaysian crude palm oil futures closed higher on Friday as the market waited for key export data to be released by cargo surveyors....
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Trade accord
HANOI, Nov 17: Japanese Prime Minister Shinzo Abe and Chile''s socialist President Michelle Bachelet agreed on Friday to speed up a plan to finalise a free trade accord between the two countries....
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New auto policy to attract investors
ISLAMABAD, Nov 17: The Engineering Development Board (EDB) has proposed a range of incentives both tariffs and non-tariffs for attracting new investors in the vehicles manufacturing sector, particularly in the vendor sector....
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