Businessmen see positive impact on economy: IDEAS 2006
KARACHI, Nov 21: The business community sees the defence exhibition in a positive light. They feel that the mega event “IDEAS 2006 Pakistan” will open up new avenues for boosting civilian...
Interest rates to remain stable
KARACHI, Nov 21: The slight slip of inflation last month gave hope that the interest rates would remain stable and the bankers were found ready to invest heavily to buy Treasury...
Investigators rule out collective manipulation: Stock market crash
KARACHI, Nov 21: The much-awaited forensic investigation report on the stock market crash of March 2005, which was placed by the Securities and Exchange Commission of Pakistan (SEC) before the parliament’s...
EoI filing date for HEC extended
ISLAMABAD, Nov 21: The Privatisation Commission has extended the date for filing expression of interest (EoI) for Heavy Electrical Complex (HEC) to November 30 because of increasing interest of parties to...
Cautious steps urged on FTA with China
ISLAMABAD, Nov 21: Speakers at a seminar urged the commerce ministry to take cautious measures in finalising the proposed Free Trade Agreement (FTA) to be inked during the Chinese president’s visit to Islamabad on November 23....
KSE turns chirpy after clean sheet to brokers
KARACHI, Nov 21: Stocks on Tuesday responded positively to the release of forensic probe report on the last year’s market crash and staged a smart recovery on strong covering purchases aided...
Development work at Port Qasim
KARACHI, Nov 21: Ports and Shipping Minister Senator Babar Khan Ghauri on Tuesday inaugurated major development works at Port Qasim. Port Qasim Authority Chairman Vice-Admiral M....
Assets sale deal for LTM signed
ISLAMABAD, Nov 21: An assets sale agreement was signed here on Tuesday for sale of assets, including plant, machinery and equipment of Lasbella Textile Mills....
Gas supply to CNG outlets restored
KARACHI, Nov 21: Chairman CNG Station Owners Association of Pakistan (CSOAP) Malik Khuda Bux has said that the supply of gas has been restored to 60 CNG stations out of 77,...
EU team due for DNA testing of basmati
ISLAMABAD, Nov 21: A high-level delegation of the European Union (EU) scientists is expected to arrive here within four days for DNA testing of basmati rice in Pakistan....
Lint prices rise on selective selling
KARACHI, Nov 21: Cotton prices on Tuesday rose further as ginners were not deterred by higher unsold stocks and indulged in selective unloadings, local brokers said....
Karachi Port operations
KARACHI, Nov 21: Six ships carrying cement, steel and containers are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
German growth forecast
FRANKFURT, Nov 21: The International Monetary Fund (IMF) is to raise its forecast for German growth this year and next year, the fund’s mission chief to Germany, Ajai Chopra, said in an interview to a newspaper on Tuesday....
Biotech ruling
GENEVA, Nov 21: The European Union said on Tuesday it will not appeal a World Trade Organisation ruling that partially condemned the bloc for its moratorium on imports of genetically modified organisms....
Asian stocks close higher
HONG KONG, Nov 21: Asian stocks closed higher on Tuesday with bargain hunters moving into the markets after sharp falls were sparked on Monday amid a bout of nerves over Japan''s economic outlook....
Platinum prices at record high
LONDON, Nov 21: The price of platium rose to a record high point and above $1,400 an ounce here on Tuesday, driven by rumours that a fund indexed against the metal is to be launched....
European share markets up
LONDON, Nov 21: European stock markets advanced on Tuesday, with metal groups climbing as platinum prices soared to a record high and on news of a mammouth merger in the US mining sector....