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| December 29, 2006 | Friday | Zilhaj 07, 1427 |
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KSE among worst performers in 2006
KARACHI, Dec 28: Friday would see the last trading session at the Karachi Stock Exchange before the advent of 2007. But unless something dramatic happens — the prospects for which are... 
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Wheat export may ensure fair price to farmers
KARACHI, Dec 28: The government decision on Wednesday to export half a million tons of wheat will fetch hardly $120 to $150 million but will ensure Punjab farmers a minimum officially...
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Exporters demand easier R&D payment formula
KARACHI, Dec 28: Exporters are demanding of the government to streamline payment of Research and Development (R&D) support by introducing Section 154 of Income Tax Act, wherein government recovers taxes on...
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WB urges quick moves to create competition commission
ISLAMABAD, Dec 28: The World Bank has expressed serious concern over the delay in conversion of the Monopoly Control Authority (MCA) into a competition commission aimed at creating a competitive environment and regulating business activities....
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Recovery drive continues on stock market
KARACHI, Dec 28: Stocks on Thursday gave an improved performance aided by active short-covering in the cement sector amid market talk of formation of a cartel and predictions of price flare-up in post-eid sessions....
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15pc cut in prices of CNG buses
KARACHI, Dec 28: Local assemblers of buses have started slashing prices by 15 per cent of locally-produced and CNG buses following issuance of a notification by the CBR regarding zero-rated sales...
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Oil prices rise
LONDON, Dec 28: World oil prices firmed slightly on Thursday, even though official data revealed a massive drop in stockpiles of US crude last week. The market showed little reaction to...
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Mining deal
MONROVIA, Dec 28: The world’s largest steelmaker, Arcelor Mittal, signed an iron ore mining contract with Liberia on Thursday that promises to pour more than $1 billion in investment into the war-ravaged state....
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Dollar falls
LONDON, Dec 28: The dollar was lower against the euro on Thursday despite a flurry of better-than-expected data in the United States, dealers said. The euro was trading at $1.3158...
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Investment firm to start business
KARACHI, Dec 28: Pak Brunei Investment Company (PBIC) convened the first meeting of its board of directors on Wednesday. A press release issued by the company stated that the PBIC was...
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Notification
ISLAMABAD, Dec 28: The Central Board of Revenue (CBR) has notified zero-rating of sales tax on import and local supply of CNG buses and purpose-built taxis....
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Karachi Port operations
KARACHI, Dec 28: Eight ships carrying containers, general cargo and to load rice and naphtha are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Cotton market lacks lustre
KARACHI, Dec 28: Cotton market on Thursday passed through another dull trading session as spinners and mills kept to the sidelines and did not make fresh commitments....
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Port Qasim
KARACHI, Dec 28: Two container ships were accommodated berths at QICT during the last 24 hours, said a PQA press release on Thursday. Meanwhile, two more ships carrying containers and chemicals also arrived at the outer anchorage....
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Consortium
KARACHI, Dec 28: The German Federal Armed Forces have commissioned a consortium consisting of Siemens Business Services (SBS) and IBM to modernise and manage its non-military information and communications technology....
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Ratings
KARACHI Dec 28: JCR-VIS Credit Rating Company Limited has assessed the fund performance ranking of Golden Arrow Selected Stocks Fund Limited (GASFL) for the period ended June 30, 2006 at ‘MFR 5-Star’....
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Asian stocks extend year-end rally
HONG KONG, Dec 28: Asian stocks extended their year-end rally on Thursday with Hong Kong, Shanghai, Sydney, Singapore, Jakarta and Wellington following Wall Street''s lead and again closing at record highs....
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Palm oil up
KUALA LUMPUR, Dec 28: Malaysian palm oil futures closed 2.2 per cent higher on Thursday to hit fresh eight-year highs as overnight rains in several parts of the country raised fresh concerns over supply....
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