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| February 14, 2007 | Wednesday | Muharram 25, 1428 |
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World Bank report: Karachi termed most business-friendly
KARACHI, Feb 13: Karachi is at the top in Pakistani cities for doing business as it is the most business-friendly place in the country, said a World Bank report.... 
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Cement stakeholders’ meeting on 20th
ISLAMABAD, Feb 13: Federal Minister for Industries and Production Jahangir Khan Tareen has convened a meeting of cement producers, builders and contractors to work out long-term cement price strategy....
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Late delivery, premiums irk car buyers
KARACHI, Feb 13: Despite increase in production capacity by all the assemblers in the last two to three years, the issue of premiums charged on spot buying and late deliveries of locally-assembled cars, which are in high demand, still lingers on....
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Sindh plans to explore hydel power
KARACHI, Feb 13: The Sindh government plans to explore hydel source as one of the many alternate energy sources in the province indicated in a feasibility done as far back as decade of late 80s by German engineers....
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Bourses receive record foreign investment
KARACHI, Feb 13: Pakistani bourses have received record inflows of foreign investment as the total amount reached all time high in any financial year....
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Oil prices recover overnight losses
LONDON, Feb 13: Global oil prices recovered slightly on Tuesday after plummeting by more than $2 on Monday in response to Saudi Arabian comments that appeared to pour cold water on further Opec output cuts.The...
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Gas supply to over 200 more units suspended
LAHORE, Feb 13: The Sui Northern Gas Pipeline Limited (SNGPL) on Tuesday suspended supplies to another 200 industrial units, including 12 cement plants, to save 280 million cubic feet of gas and diverted it to domestic consumers....
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Dollar shaky
LONDON, Feb 13: The dollar wobbled against the euro here on Tuesday on reports of robust eurozone growth and a sharper than expected widening in the US trade deficit in December....
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ADB to give $534m for hydel power plants
ISLAMABAD, Feb 13: The Asian Development Bank (ADB) has agreed to offer $534 million through "its soft loan" window to help generate additional 480-mw of electricity and thus reducing growing power shortages in the country....
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Aptma resents dumping duty on PSF
LAHORE, Feb 13: The National Tariff Commission’s decision to impose anti-dumping duty on import of polyester staple fibre (PSF) from Indonesia, Thailand and Korea will raise the domestic textile industry’s cost...
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Karachi Port operations
KARACHI, Feb 13: Nine ships carrying general cargo and to load kinoo and rice are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, Feb 13: Three ships carrying containers and coal were berthed at QICT and IOCB during the last 24 hours, said a PQA press release on Tuesday....
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Active trading on cotton market
KARACHI, Feb 13: Trading on the cotton market on Tuesday was fairly brisk as spinners and mills made fresh covering purchases at the current levels amid rumours of a continued bull-run based on a short crop....
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India’s move to fight surging inflation
NEW DELHI, Feb 13: India''s central bank tightened monetary policy on Tuesday for a second time in two weeks to fight accelerating inflation, hiking the amount of cash commercial banks must keep on deposit....
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PQA to raise its handling capacity
KARACHI, Feb 13: Port Qasim is to increase it cargo handling capacity from 31 million tons to 50 million tons per annum by developing a number of new terminals and berths in next four to five years....
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Asian stocks close mixed
HONG KONG, Feb 13: Asian stocks closed mixed on Tuesday with further falls on Wall Street, amid rising anxiety over a slow-down in corporate earnings, punishing regional sentiment....
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