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| February 16, 2007 | Friday | Muharram 27, 1428 |
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ADB to give $3 billion for power, water projects
ISLAMABAD, Feb 15: The Asian Development Bank (ADB) has assured Pakistan of technical and financial support for major power sector projects and decided to invest $3 billion in the next three... 
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Abu Dhabi to set up $5bn oil refinery
KARACHI, Feb 15: Abu Dhabi will establish a $5 billion crude oil refinery in Pakistan, having a refining capacity of over 100 million barrels per year, reported Middle East’s leading newspaper Arab News on Thursday....
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Package for trucking sector under study
ISLAMABAD, Feb 15: The government is considering a comprehensive package for modernising the trucking sector....
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Industry for action on illegal imports
KARACHI, Feb 15: Industrialists have urged the government to take stringent measures to check under-invoicing of imports, which not only hurts the local industry but also deprives the government of its revenue....
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Businessmen to raise issue at Saarc conclave: Wheat in Safta list
KARACHI, Feb 15: Pakistani businessmen will raise the issue of including wheat products in the positive list of South Asia Free Trade Area (Safta) agreement during the second Saarc business leaders’ conclave being held in Mumbai from February 17-18....
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Shipbreaking may witness boom again: Four ships anchor at Gadani
QUETTA, Feb 15: Pakistan Ship-breakers Association president Azam Malik has indicated great boom in ship-breaking industry in the coming days, saying four ships of 100,000 tons have anchored at Gadani beach for breaking....
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Notices to wrong filers of ST returns
KARACHI, Feb 15: Sales Tax collectorates will directly issue show cause notices instead of objection memos to the sales tax refund claimants in case of discrepancies in returns under a new CBR directive....
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Oil prices extend losses
LONDON, Feb 15: World oil prices dropped heavily for a second day on Thursday, falling below $57 per barrel in London as the market continued to focus on the healthy state of US energy stockpiles....
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Dollar falls
LONDON, Feb 15: The dollar fell to its lowest reading against the euro since the beginning of January on Thursday on a weaker-than-expected survey of US industrial output and a capital flow surplus that was far lower than foreseen....
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PSMA slams setting up of 13 new mills
KARACHI, Feb 15: The Pakistan Sugar Mills Association (PSMA) has criticised the government for allowing 13 new sugar mills at a time when the existing industry was operating at 40 to...
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Stocks stay uneasy as support turns shy
KARACHI, Feb 15: Share market on Thursday remained unsettled as investors were not inclined to take fresh positions at the falling prices in the absence of institutional traders and foreign funds....
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Slow trading on cotton market
KARACHI, Feb 15: Trading activity on the cotton market on Thursday considerably slowed down as spinners and mills kept to the sidelines ahead of the release of phutti arrival figures for the fortnight ended Feb 15....
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Karachi Port operations
KARACHI, Feb 15: Cargo handling activity at the wharves on Thursday was maintained on the higher side thanks to judicious physical shipments of export cargo to various countries....
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400 telecentres for villages
ISLAMABAD, Feb 15: The Pakistan Telecommunication Authority (PTA) has given the February 28 deadline for submission of applications for setting up ‘Rabta Ghar’ (telecentres) in rural areas....
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Swiss team assured of facilities for trade
KARACHI, Feb 15: A Swiss business delegation, led by the under-secretary of state, Swiss Federal Department of Economy, Ms Monika Ruhl Burzi, on Thursday discussed with Sindh Governor Dr Ishratul Ibad,...
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Indian inflation up
NEW DELHI, Feb 15: India’s inflation on Thursday jumped to a two-year high of 6.73 per cent, prompting the government to slash diesel and petrol prices and raise expectations of more rate hikes to stabilise prices....
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BoE holds rates as inflation dips to 2.7pc
From Our Special Correspondent...
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EU common energy policy
BRUSSELS, Feb 15: The 27 EU nations on Thursday moved towards a common energy policy, agreeing on cleaner fuel targets while watering down a proposal to force the break-up of the sector into production and distribution operators....
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Port Qasim
KARACHI, Feb 15: Berthing activity was slow as only one ship to load rice was accommodated berth at MPT during the last 24 hours, said a PQA press release on Thursday....
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Asian stocks higher
HONG KONG, Feb 15,: Asian stocks extended recent gains on Thursday by following Wall Street''s lead and closing sharply higher amid improving prospects for the United States and perhaps a move to cut interest rates....
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European stocks dip
LONDON, Feb 15: European stock markets mainly eased on Thursday after closing Wednesday at the highest levels for six years....
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Malaysian palm oil up
KUALA LUMPUR, Feb 15: Malaysian crude palm oil futures rose 1.1 per cent on Thursday, despite a weaker US soyoil market, as players covered positions ahead of the Lunar New Year holiday and export data boosted sentiment....
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