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January 27, 2007 Saturday Muharram 07, 1428 Local car project struggling for survival KARACHI, Jan 26: Pakistan’s first indigenous Revo car, rolled out by Adam Motor Company Ltd (AMCL) in April 2005, is struggling for its survival and the company is now looking for... Aptma for 30pc cut in diesel, oil prices KARACHI, Jan 26: Leaders of Sindh-Balochistan All Pakistan Textile Mills Association (Aptma) have demanded a straight 30 per cent reduction in oil and diesel rates as international oil prices have come... PM assures investors of protection DAVOS (Switzerland), Jan 26: Pakistan offers a level-playing field to foreign investors and a very conducive environment for the growth of their businesses in a country located at the crossroads of central, western and South Asia.... Islamic mortgage market expands to $1bn in UK LONDON, Jan 26: Seemingly driven by demand from its nearly 2 million Muslim population and encouraged also perhaps by the $4 billion of Middle East money swirling in the city’s banking... Stocks extend overnight rally KARACHI, Jan 26: Stocks finished the weekend session on a bullish note as bulls were not inclined to take even a technical breather and miss to ride the rising bandwagon ahead... Banks to offer loans for wheat procurement KARACHI, Jan 26: The State Bank of Pakistan on Friday allowed banks to provide financing facilities to flour mills and licensed traders for procurement of indigenous wheat (fresh crop 2007 only).... Cargo handling stopped at PQ KARACHI, Jan 26: President, Karachi Chamber of Commerce and Industry (KCCI), Majyd Aziz, has said that all cargo handling companies at the Port Qasim have stopped operations, resulting in cessation of... Talks on FTA with Canada under way ISLAMABAD, Jan 26: Negotiations are under way to sign a Free-Trade Agreement (FTA) between Pakistan and Canada, as volume of two-way trade is not up to their existing potentials.... Unilever records net profit of Rs1.644bn KARACHI, Jan 26: Unilever Pakistan has posted a net profit of Rs1.644 billion as its turnover surged by 18.8 per cent during the year 2006.... Russian gas output up MOSCOW, Jan 26: Russian natural gas output rose 2.4 per cent in 2006 compared with 2005 to reach 656 billion cubic meters, the energy ministry said on Friday.... Bush calls for 20pc cut in petrol use in 10 years RIYADH, Jan 26: President Bush is again making noises on energy issues ostensibly targeted at his domestic audience. But in the process he is putting the global energy balance at risk.... Trading gets slow in cotton KARACHI, Jan 26: Trading activity on the cotton market on Friday was relatively slow owing partly to closure in the Punjab cotton belt and partly to stock taking by the spinners.... Karachi Port operations KARACHI, Jan 26: Seven ships carrying urea and to load ethanol are expected to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing activity at the wharves was modest where four ships, Eric G.... Port Qasim KARACHI, Jan 26: Modest shipping activity was witnessed at the port where two ships to load, unload containers and edible oil were allotted berths at QICT and MPT, respectively, during the last 24 hours, says a PQA press release.... Asian stocks close lower HONG KONG, Jan 26: Asian stocks closed sharply lower on Friday after heavy losses on Wall Street overnight as the latest US housing sales figures undercut hopes for an early interest rate cut, dealers said.... Palm oil slightly down KUALA LUMPUR, Jan 26: Lower soya oil prices pulled Malaysian crude palm oil futures down marginally on Friday, but the fall was blunted by fears of renewed torrential rain in a key southern growing region, dealers said.... European share prices sink LONDON, Jan 26: European share prices sank on Friday after sharp overnight losses in New York, dealers said. London''s FTSE 100 index of top shares fell 0.27... Karachi market rates KARACHI, Jan 26: The following were Friday’s commodity market rates in rupees....

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