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| February 17, 2007 | Saturday | Muharram 28, 1428 |
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Money changers fear $500m loss: Closure of Dubai firm
KARACHI, Feb 16: Hundreds of Pakistani money changers fear losing an estimated half a billion dollars as one of the biggest Dubai-based money exchange house has been closed.... 
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LPG firms locked in stiff price competition
KARAHCI, Feb 16: As a result of an intense competition among some LPG marketing companies to reduce prices consumers are likely to benefit with the LPG prices coming down to Rs46...
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Ship with 15,000 tons to leave for Dubai: Wheat export by private sector
KARACHI, Feb 16: Private sector is expected to export around 0.1 million tons of wheat by end of next month as first ship load of around 15,000 tons is expected to leave for Dubai from Karachi port on Monday....
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Rising fertilizer prices hit farmers
ISLAMABAD, Feb 16: Prices of fertilisers increased by 10.64 per cent in just a year and jumped from Rs479 to Rs530 per bag that skyrocketed the per acre cost of production and put extra burden on the already neglected farmers’ community....
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Remittances up by 20pc in seven months
KARACHI, Feb 16: Overseas Pakistanis geared up efforts to enhance flow of foreign exchange during the first seven months of the current year, as it increased by 20 per cent....
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Improved supplies to check inflation
ISLAMABAD, Feb 16: The government will ensure supply of essential food commodities for achieving the overall inflation target of 6.5 per cent projected for the current fiscal....
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Indian mobile firms plan to invest in Pakistan
BARCELONA, Feb 16: At least two companies headed by Indians who took part in the 3GSM World Congress-2007, which ended here on Thursday, want to invest in Pakistan''s growing cellphone sector....
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Bearish spell continues on stock market
KARACHI, Feb 16: The KSE 100-share index on Friday remained under pressure as leading base shares came in for renewed profit-selling and finished lower under the lead of OGDC, National Bank and PTCL....
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Oil rises on fresh Nigeria tensions
LONDON, Feb 16: World oil prices rose on Friday after reports that militants were planning fresh attacks on Nigeria’s oil-rich Niger Delta region, analysts said....
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Mills remain busy on cotton market
KARACHI, Feb 16: Mill buying on Friday maintained on the higher side as leading textile groups continued to build-up long positions at the prevailing prices....
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Karachi Port operations
KARACHI, Feb 16: Five ships carrying crude oil, chemicals and containers are expected arrive at the outer anchorage on Saturday, according to KPT sources....
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Port Qasim
KARACHI, Feb 16: Brisk berthing activity was observed at the port where five ships to load and unload containers, rice, furnace oil LPG and iron ore were berthed during the last 24 hours, said a PQA press release on Friday....
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Russian industrial output falls
MOSCOW, Feb 16: Russian industrial output fell by 11.7 per cent in January from the December level, the federal statistics bureau said on Friday....
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Japan joins US in WTO action against China
TOKYO, Feb 16: Japan said on Friday it will join in a US complaint against China at the WTO over Beijing''s industrial subsidies....
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Asian stocks mixed
HONG KONG, Feb 16: Asian stocks closed mixed but tended lower on Friday with investors ignoring a record finish on Wall Street and booking profits ahead of the Chinese New Year holidays....
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Basmati prices up 25pc on low production, smuggling
ISLAMABAD, Feb 16: Price of basmati rice has increased more than 25 per cent in domestic market in the last two months owing to low production and smuggling of the commodity to neighbouring countries, including Afghanistan and Iran....
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