Iranian POL products flood local market
KARACHI, Feb 9: Smuggled Iranian petrol and diesel is being sold freely at Rs9-14 and Rs7 per litre lesser than the local official prices of these commodities in various localities of...
Exports of costly Pima bedwears, fabric nosedive
LAHORE, Feb 9: As indicated by the drastic fall in the import of the most expensive American Pima cotton, Pakistan’s exports of high-end bedwear and fabric made from the premier long staple fibre have plummeted stridently during the last one-and-a-half years....
Alcatel plans to train, export human capital
ISLAMABAD, Feb 9: Alcatel-Lucent, the world leader of telecom technology, plans to train and export Pakistani human resource of telecommunication sector to its operations worldwide and expand its market operations to vertical telecom solutions in Pakistan....
Dumping duty imposed on PSF
ISLAMABAD, Feb 9: The National Tariff Commission (NTC) on Friday imposed provisional anti-dumping duties on import of polyester staple fibre (PSF) not exceeding two denier into Pakistan originating in or exported from Indonesia, Korea, and Thailand....
Stocks falter after crossing 12,000-level
KARACHI, Feb 9: The KSE 100-share index on Friday confidently breached through the psychological barrier of 12,000 on strong early buying but failed to sustain it owing to late weekend selling in some of the pivotals....
Foreign firm joins offshore exploration
ISLAMABAD, Feb 9: The government on Friday executed an assignment agreement with the Government Holding (Pvt) Limited (GHPL), Oil and Gas Development Company Limited (OGDCL) and Petrobras Oil and Gas (PO&G)...
UK health outsourcing market offers great chance
LONDON, Feb 9: There is a great potential for Pakistani entrepreneurs with the right kind of capacities, skills and discipline in the UK’s outsourcing market as hundreds of exportable clerical jobs...
Container terminal not viable, says FPCCI
KARACHI, Feb 9: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed serious reservation and apprehensions over the proposed deep-water container port being developed by the Karachi Port...
Lyallpur Chemicals
ISLAMABAD, Feb 9: The Lyallpur Chemicals and Fertilisers Limited was on Friday handed over to its new owner and successful bidder, the Al-Hamd Chemicals (Pvt) Ltd, Lahore, on receipt of Rs280.20...
Oil prices mixed
LONDON, Feb 9: World oil prices travelled in opposite directions on Friday after breaching $60 in Asian trade, as icy winter weather continued to blast the US northeast and stoked demand for heating fuel, dealers said....
Clarification
ISLAMABAD, Feb 9: The management of the Pakistan Steel Mills Corporation (PMSC) has said that the award of $23 million contract to the Ukrainian firm for the repair of coke oven...
Trade moot to attract $3.375bn investment
ISLAMABAD, Feb 9: The government is organising an Overseas Pakistanis Investment Conference (OPIC) here in the first week of March to attract over $3 billion investment mostly by Pakistanis living abroad....
Buyers remain busy on cotton market
KARACHI, Feb 9: Trading on the cotton market on Friday was maintained on the higher side as both mills and spinners remained active buyers around the current levels....
Algerian oil tax
LONDON, Feb 9: Some companies working in Algeria are set to receive less than their normal oil allocation in March as the OPEC member holds back barrels as payment of a new windfall tax, industry sources said on Friday....
Palm oil higher
KUALA LUMPUR, Feb 9: Malaysian crude palm oil futures rose 1.4 percent on Friday, lifted by firm prices of rival soyaoil and good buying interest after a sharp decline....
Asian stocks firmer
HONG KONG, Feb 9: Asian stocks closed mostly firmer on Friday, finding enough local leads to justify a solid performance after Wall Street was unnerved by a profit-warning from global banking giant HSBC, dealers said....
Port Qasim
KARACHI, Feb 9: Three ships carrying containers and furnace oil were accommodated berths at QICT and Fotco Terminal during the last 24 hours, said a PQA press release on Friday....
Karachi Port operations
KARACHI, Feb 9: Eight ships carrying crude oil, containers and to load rice and clinkers are expected to arrive at the outer anchorage on Saturday, according to KPT sources....