|
| December 19, 2006 | Tuesday | Ziqa'ad 27, 1427 |
|
SBP chief blames banks for inefficiency: High banking spread
KARACHI, Dec 18: State Bank Governor Dr Shamshad Akhtar on Monday held the uncompetitive environment and inefficiency of banks responsible for high banking spreads, which deprived the depositors of positive returns.... 
|
|
Leather garment exporters seek R&D support
KARACHI, Dec 18: Leather garment exporters seek incentives matching with those of China and India to arrest the rapidly falling exports, which have even resulted in closure of some leading export houses during the last couple of years....
|
|
Soros weighs local capital market potential
LAHORE, Dec 18: Global financier George Soros said on Monday his group may invest in the financial/capital market of Pakistan, but a decision in this regard had to be taken by professionals (running his business)....
|
|
150 investors from 26 states to attend conference
ISLAMABAD, Dec 18: Prime Minister Shaukat Aziz said on Monday that a two-day Investment Conference of Overseas Pakistanis will be held in Islamabad on March 5 and 6 to encourage overseas...
|
|
|
||
|
No relief in LPG prices despite duty concession
KARACHI, Dec 18: Consumers are yet to see any relief in LPG prices despite withdrawal of five per cent customs duty on its import in the first week of this month....
|
|
Stocks suffer major jolt as support turns shy
KARACHI, Dec 18: The beginning of the rollover week further intensified the prevailing sluggishness on Monday as share values fell across-the-board on heavy selling by punters in leading base shares linked to it but there was stray support at the dips....
|
|
||
|
Six firms suspended in 2006
KARACHI, Dec 18: Six companies, including the much-publicised Callmate Telips Telecom (CTTL), have been suspended by the Karachi Stock Exchange (KSE) during the year 2006. That works to just about a...
|
|
Rs80bn T-bills auction
KARACHI, Dec 18: The State Bank of Pakistan (SBP) on Monday announced that it would sell Rs80 billion worth of three-, six- and 12-month treasury bills on Wednesday....
|
|
|
||
|
Atlas Islamic Fund
KARACHI, Dec 18: Atlas Asset Management Limited (AAML) is launching its fourth Atlas Islamic Fund (AIF) next month for which it has obtained all necessary approvals....
|
|
Oil prices drop
LONDON, Dec 18: World oil prices fell below $63 on Monday as Opec forecast the possibility of lower demand next year, but losses were limited by explosions at oil facilities in major crude producer Nigeria, dealers said....
|
|
|
||
|
Iran wants to increase import of rice
KARACHI, Dec 18: Iran’s Deputy Commerce Minister and Managing Director of Trading Corporation Sadegh Mufateh has advised rice exporters to follow banking channels and also include other varieties of rice for export to Tehran....
|
|
Merger
OSLO, Dec 18: The Norwegian oil company Statoil is to acquire the oil and gas activities of Norsk Hydro, creating the world''s largest offshore production group in a deal worth an estimated 23 billion euros ($30 billion)....
|
|
|
||
|
Active trading on cotton market
KARACHI, Dec 18: Trading on the cotton market on Monday resumed on a firm note as official spot rates were held unchanged at the weekend levels amid an actively traded session....
|
|
US current account gap widens
WASHINGTON, Dec 18: The US balance of payments deficit worsened in the third quarter amid surging costs for oil and a jump in Chinese imports, data showed on Monday....
|
|
|
||
|
Payment of ST refunds
KARACHI, Dec 18: The Sales Tax Wing of the CBR has said that prompt payment of refunds is being made and it is evident from the fact that an amount of Rs18.85bn...
|
|
NBP Islamic branch
KARACHI, Dec 18: Chairman and President of National Bank of Pakistan (NBP) S. Ali Raza performed the soft opening of the bank’s first Islamic banking branch at the Cotton Exchange building on I.I....
|
|
|
||
