Low Graphics Site

December 31, 2006 Sunday Zilhaj 09, 1427 35 additions to KSE list of ‘defaulter’ companies KARACHI, Dec 30: The Karachi Stock Exchange has pushed another 35 companies on the ’defaulters counter’ which makes the total number of listed companies on the infamous counter at 189.... Exporters blame officials for creating hurdles KARACHI, Dec 30: The on-going economic reforms are yet to bring about the much-needed changes, particularly in core areas, such as exports and revenue-collection.... Deadline for converting MTUs into RTOs missed ISLAMABAD, Dec 30: The Central Board of Revenue (CBR) has missed the end-December deadline for converting three medium taxpayers units (MTUs) into regional tax offices (RTOs) under the World Bank funded reforms of tax administration.... US plan for safety of oil installations in Gulf RIYADH, Dec 30: A major US initiative to improve safety and security at energy facilities in the Gulf seems underway. The US has reportedly offered the regional governments technical assistance in enhancing security at oil and energy sites.... Rs1,952.115m recovered for land regularization: Illegal allotments KARACHI, Dec 30: The Sindh Board of Revenue (SBR) recovered Rs1952.115 million on account of regularisation of 3047.07 acres of land allotted illegally at throwaway prices during 1985 to 2005.... Price of 17 items shows rise ISLAMABAD, Dec 30: Seventeen essential items registered increase in their prices during the week ended December 29, 2006.... KSE chief vows to raise taxes issue with govt KARACHI, Dec 30: Chairman Karachi Stock Exchange Zafar A. Khan said he would take up some of the issues that seemingly have a negative impact on the market at the appropriate forums.... LPG supplies suspended LAHORE, Dec 30: Liquefied petroleum gas marketing companies on Saturday suspended supplies after having increased the price by Rs7 per kg during the last four days.... Mega US telecom merger WASHINGTON, Dec 30: US regulators gave final approval to AT and T''s takeover of rival BellSouth, the biggest telecommunications merger in US history, saying it will lead to “significant public interest benefits.”... Crisis looms after Belarus-Russia gas talks falter MOSCOW, Dec 30: Russia said on Saturday it planned to send experts to supervise the pipeline carrying its gas to Belarus and warned of a “critical scenario” in the row over pricing between the two neighbours.... Commodities mixed at end of record-breaking 2006 LONDON, Dec 30: Crude futures tumbled in a mixed week for commodities, at the end of a year in which many raw materials saw their prices strike record highs.... OECD reiterates ECB may raise rates MILAN, Dec 30: The European Central Bank could raise rates again to give itself room to keep inflation under control, the OECD''s chief economist said in an interview published on Saturday, echoing comments he made on Dec 15.... World’s top copper consumer China sees falling demand BEIJING, Dec 30: Copper demand in China, the world''s largest consumer of the metal, is likely to fall seven per cent this year to 3.4 million tons, the first decline so far this decade, state media said on Thursday.... World stock markets savour 2006 gains NEW YORK, Dec 30: World stock markets saw a return to good times in 2006, with record highs, huge profits and a whiff of the heady days not seen since the dot-com boom.... Oil prices finish higher NEW YORK, Dec 30: Oil prices edged higher on Friday on the last day of trading in 2006, closing out a volatile year that saw record prices and then a sharp decline of more than 20 per cent from mid-year highs.... Iran to give Iraq $1 billion reconstruction loan TEHRAN, Dec 30: Iran is set to loan one billion dollars to Iraq for reconstruction of the war-torn country, the official news agency IRNA reported on Saturday.... Dollar lower against euro NEW YORK, Dec 30: The US dollar finished the year on a low note against the euro on Friday in the final trading day of 2006 trading as market participants bid up the European currency on the back of fresh data.... German tax revenues seen rising BERLIN, Dec 30: German tax revenues at the federal, state and local level will rise strongly in 2007, a leader of the IW economic think tank said on Saturday.... Retailers see downturn in early 2007 BERLIN, Dec 30: Germany''s retail sector expects turnover to decline in 2007 because of an increase in the value-added tax, a spokesman for the HDE retail industry association said on Saturday.... World’s top steel maker seals price rise deals with Asia TOKYO, Dec 30: Brazil''s Companhia Vale do Rio Doce, the world''s top iron ore producer, has sealed deals with Japanese and South Korean firms for a 9.5... S. Africa private credit soars JOHANNESBURG, Dec 30: Growth in credit demand by South Africa''s private sector slowed to 26.77 per cent in the year to November, but was close to October''s record 27.24... Holiday mood prevails on cotton market KARACHI, Dec 30: Pre-holiday conditions prevailed on the cotton market on Saturday amid slow physical activity but prices remained stable around the previous levels.... Gwadar to offer trade prospects to exporters SIALKOT, Dec 30: Pakistan has become an attractive place for foreign investment due to effective and sound economic polices of the government.... Trade with Korea jumps to $843m KARACHI, Dec 30: The volume of bilateral trade between Korea and Pakistan has amounted to $843 million in the first 10 months of the current calendar year.... 10 service sectors offered to foreigners ISLAMABAD, Dec 29: The government has started formal inter-ministerial consultations to formulate revised offers and requests in the services domain to open up more major sectors and sub-sectors to foreign services providers (FSPs).... FPCCI chief wants rise in power generation KARACHI, Dec 30: President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Tanvir Ahmed, on Saturday called for public-private partnership in power and energy sector to rid the country and industries of load-shedding.... Under-sea cable network ISLAMABAD, Dec 29: The Reliance Anand Ambani group announced on Friday that it will build world''s largest next generation under-sea cable network.... Asia’s Internet slowdown eases HONG KONG, Dec 30: Internet users in Asia eyed an escape from a digital black hole on Saturday as slow surfing speeds gradually improved four days after an earthquake cut Web access in many areas.... Bush signs trade law with Vietnam CRAWFORD, Dec 30: US President George W. Bush signed a proclamation formally extending full US-Vietnam trade ties and made the former foe eligible for US military aid, key steps in normalising relations.... Indian shares to stay depress MUMBAI, Dec 30: Investors expect listless trade early in the new year with some overseas funds seen on the sidelines until new portfolio allocations are made in coming weeks....

Contributions Privacy Policy © DAWN Group of Newspapers, 2006