Low Graphics Site

February 18, 2007 Sunday Muharram 29, 1428 US firm sets up $60m textile venture KARACHI, Feb 17: A well-known US textile company - West Point - has set up a giant integrated textile mill on a 100 acres plot in Lahore in equal partnership with... Merrill Lynch bullish on Pakistan KARACHI, Feb 17: “Sell Indonesia, buy Pakistan”, the international financial services firm, Merrill Lynch (ML) recommends Pakistan, Sri Lanka, Vietnam and Mongolia as ‘new frontiers’ in their latest regional investment strategy report released on Thursday (Feb 15).... Exports to Switzerland up by 50pc ISLAMABAD, Feb 17: Exports from Pakistan to Switzerland increased by 50 per cent last year, and are expected to swell further in future, said visiting under-secretary, Swiss Federal Department of Economy, Ms Monika Ruhl Burzi.... Plans for engg sector’s growth awaiting govt approval ISLAMABAD, Feb 17: The government is considering a set of proposals to accelerate slow pace of growth in engineering sector.... Dubai debacle upsets currency market KARACHI, Feb 17: The closure of one of the biggest currency exchange house of Dubai has created serious problems for the sellers of currencies, other than US dollar, in the local... EU standards to be adopted for fruits export ISLAMABAD, Feb 17: Faced with the threat of losing more international markets, Pakistan has decided to introduce the system of Good Agricultural Practices (GAP) by adopting EuroGAP certification that will enable... Proposal to raise NSS rates not approved KARACHI, Feb 17: The finance ministry has not approved the proposal of Central Directorate of National Savings (CDNS) to increase the rate of return by average one per cent on all its products, at least for now.... Essentials’ price shows rising trend ISLAMABAD, Feb 17: Price of 17 kitchen items including tomatoes registered massive increase during the week ended on Feb 16, 2007, statistics division said on Saturday.... US crude oil imports down WASHINGTON, Feb 17: US crude oil imports in December declined 2.6 per cent from November to 9.584 million barrels per day (bpd), the federal Energy Information Administration said.... Trust deed for Pak Oman Advantage Fund signed KARACHI, Feb 17: Pak Oman Asset Management Company Limited and the Central Depository Company (CDC) signed a trust deed on Saturday for the Pak Oman Advantage Fund (POAF).... Bird flu threat in Moscow MOSCOW, Feb 17: Poultry farms around Moscow were under tight control on Saturday as a third outbreak of bird flu was found and officials investigated whether the deadly H5N1 strain had caused the Russian capital''s first exposure to the virus.... Putin hints at common ground with S. Arabia: Global energy strategy RIYADH Feb 17: The global energy equation may not be the same again. Meeting of minds in Riyadh, and then Doha, would have long term implications for the energy world.... Prices stay firm on cotton market KARACHI, Feb 17: Cotton market finished the weekend session on a firm note as leading ginners mostly held on to their positions and did not lower their asking prices for the fine lots.... Value for levy of GST on sugar slashed ISLAMABAD, Feb 17: The government on Saturday slashed assessment value for levy of 15 per cent general sales tax (GST) on sugar, causing a Rs1.72 per kg decrease in its ex-factory price, from Rs29.32... LPG prices shoot up in many cities ISLAMABAD, Feb 17: The maximum average national price of an 11.8 kg cylinder of liquefied petroleum gas (LPG) climbed to Rs715 as against Rs675 in January 2007, statistics division said on Saturday.... Russian firms sign $3.2bn power deal MOSCOW, Feb 17: Russian electricity monopoly Unified Energy System (UES) on Saturday signed an 83.6bn rouble ($3.2bn) deal to expand the energy network in the southern region of Krasnodar over the next five years.... Ethiopian coffee prices ADDIS ABABA, Feb 17: Ethiopia''s finest coffee from Yirgacheffe secured top prices ranging between $2 and $5 per pound on Saturday at an open outcry auction aimed at raising the profile of quality beans in East and Central Africa.... Tata to resume business talks with BD DHAKA, Feb 17: India''s powerful Tata Group said on Saturday it wanted to restart talks with Bangladesh''s government on a $3 billion plan to build a slew of industrial projects in the impoverished nation.... World oil prices decline, metals advance LONDON, Feb 17: World oil prices dropped in volatile trade this week, as the market focused on the health of energy stockpiles, particularly in the United States.... Iran sees no output cut at Opec meeting TEHRAN, Feb 17: Iran''s oil minister on Saturday predicted Opec would not need to make a further cut in crude oil production at the cartel''s next meeting in March, as long as the price of crude remains stable.... Gulf states not to delay monetary union DUBAI, Feb 17: Gulf Arab monetary union, planned for 2010, will not be delayed, the secretary general of the Gulf Cooperation Council said in remarks published on Saturday.... Africa expects higher coffee output ADDIS ABABA, Feb 17: Producers of African specialty coffee said on Saturday they expect coffee output by countries in the east and south of the continent to jump by at least 30 to 40 percent in the next five years.... EU raises eurozone growth forecast BRUSSELS, Feb 17: The European Commission on Friday raised its forecast for eurozone growth this year from 2.1 percent to 2.4 per cent as the German and Italian economies bounced back more strongly than expected.... European bourses droop on falling oil LONDON, Feb 17: European stock exchanges wilted on Friday, dragged down by sliding oil prices and weak US housing market data.... Dow ends week on record high NEW YORK, Feb 17: The leading blue chip Dow Jones Industrial Average edged up to a record high Friday as investors remained upbeat about US economic prospects despite news of a sharp slump in housing activity.... Dollar steady after weak US data NEW YORK, Feb 17: The ailing dollar stabilized Friday after three rocky sessions, as currency traders shook off weak US economic data and the greenback saw some relief from a big global merger announcement.... Port Qasim KARACHI, Feb 17: Three ships carrying containers, edible oil and chemicals were accommodated berths at QICT, MPT and EVT during the last 24 hours, said a PQA press release on Saturday.... Karachi Port operations KARACHI, Feb 17: Five ships carrying palm oil, jute and containers are due to arrive at the outer anchorage on Sunday, according to KPT sources....

Contributions Privacy Policy © DAWN Group of Newspapers, 2007