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| December 13, 2006 | Wednesday | Ziqa'ad 21, 1427 |
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No consensus on proposed 5-year tariff cut plan: Auto industry development
ISLAMABAD, Dec 12: The government and the automobile industry differed strongly on Tuesday over the cascading five-year tariff reduction but reached consensus on incentive part of the Auto Industry Development Programme (AIDP) proposed by the Engineering Development Board (EDB).... 
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$ demand keeps rupee under pressure
KARACHI, Dec 12: Importers eager to buy dollars went for forward booking with a premium much more than the current rates anticipating that dollar would shoot up once the pressure of the State Bank is softened....
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Trade, industry fail to deliver the goods
KARACHI, Dec 12: The Ministry of Commerce (MoC) has blamed short-sightedness and immaturity of the business community for their current woes....
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LSE again rejects Nasdaq’s takeover bid
LONDON, Dec 12: The London Stock Exchange (LSE) on Tuesday once again rebuffed Nasdaq’s second hostile bid within a month to take over the exchange, stating that the offer of £2.7...
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Family budget survey deferred till next fiscal
LAHORE, Dec 12: The Federal Bureau of Statistics (FBS) is said to have deferred till the beginning of next fiscal year its plans to carry out periodic family budget survey of...
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BIT to open new era of economic relations
KARACHI, Dec 12: The American ambassador in Pakistan Mr Ryan Crocker said on Tuesday that Washington was working to finalise bilateral investment treaty with Pakistan that would usher-in a new phase of bilateral economic relations leading to FTA....
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Local cars’ sale grows by 10.4pc in five months: 64,996 units sold
KARACHI, Dec 12: For the third time in a row this year the overall sale of locally assembled cars showed a growth of 10.4 per cent during July-November 2006, compared to the same period of last year....
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KSE 100-share index gains 60 points
sss1KARACHI, Dec 12: Share values on Tuesday tended further higher aided by stray covering purchases in leading bank and oil shares at the lower levels but the traded volume failed to expand significantly in the absence of speculative support and bargain-hunting....
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Commodity exchange
KARACHI, Dec 12: Pakistan''s first commodities futures exchange will start operations on February 2, with trading initially limited to gold, a spokeswoman for National Commodity Exchange Limited (NCEL) said on Tuesday....
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Oil prices jump
LONDON, Dec 12: World crude prices rallied on Tuesday as Opec ministers began arriving in Nigeria ahead of an output meeting later this week....
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Kenya withholds rice shipment
ISLAMABAD, Dec 12: The Kenyan customs authorities have withheld containers of Pakistani rice on ports on standard ground, an official told Dawn on Tuesday....
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Cotton prices rise on active buying
KARACHI, Dec 12: The cotton market on Tuesday maintained a bullish outlook as spinners resumed their normal covering operations after Monday’s pause caused by technical factors....
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Karachi Port operations
KARACHI, Dec 12: Three ships carrying crude oil and containers are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, Dec 12: Three ships carrying containers and diesel oil were accommodated berths at QICT and Fotco Terminal during the last 24 hours, said a PQA press release on Tuesday....
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Dollar rises against euro
LONDON, Dec 12: The dollar crept up on the euro here on Tuesday following news of a pronounced improvement in the US trade deficit in October....
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London facing shortage of skilled labour
LONDON, Dec 12: A shortage of skilled staff is proving the biggest barrier to business in London and half of the capital’s employers are relying on migrant workers to plug the...
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Reward for UBL executives
KARACHI, Dec 12: United Bank has decided to reward its executives and officers with bonus shares through a trust being established by the bank....
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Asian stocks close mixed
HONG KONG, Dec 12: Asian stocks closed mixed on Tuesday as investors braced themselves for a meeting of the United States Federal Reserve and a decision on interest rates later in the day....
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