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| February 22, 2007 | Thursday | Safar 4, 1428 |
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Swiss firm to study impact of subsidies: Textile export cost
KARACHI, Feb 21: A well-known Swiss consultant, Gherzi is being commissioned by the government to assess the impact and quantum of the financial support being extended by India, Bangladesh and China... 
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Foreign lenders give $1.2bn in 8 months
ISLAMABAD, Feb 21: Pakistan received $1.203bn loans from the Asian Development Bank (ADB) and World Bank (WB) just in the last eight months....
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Used car prices decline on low resale value: 30-40pc still unsold
KARACHI, Feb 21: Used imported cars have been selling below their cost at the showrooms for the last six months but consumers are not inclined to buy because of their low re-sale value and problems in parts availability....
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Saudi fund to assist in water projects
RIYADH, Feb 21: The Saudi Fund for Development is ready to fund the construction of the Golangole project and other such water related projects currently under planning in Pakistan....
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Silicon clearance procedure changed
KARACHI, Feb 21: The customs authorities have changed the clearance procedure of imported silicon sheets and coils to check misdeclaration by the commercial importers....
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Banks lead recovery drive on stock market
KARACHI, Feb 21: The KSE 100-share index on Wednesday staged a modest recovery of 57.44 points at 11,520.62 as leading base shares came in for active support at the lower levels...
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Punjab may suffer Rs71m loss on wheat export
KARACHI, Feb 21: The Punjab government may suffer a loss to the tune of Rs71 million on export sale of 125,000 tons of wheat being dished out from last year’s stocks....
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SC rejects Ganji’s appeal for ST refund
ISLAMABAD, Feb 21: The Supreme Court on Wednesday rejected the appeal of West Pakistan Tank Terminals, owned by Seth Sadruddin Ganji and his son Hashim Ganji seeking refund of Rs104 million...
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Iran cuts dollar holdings
TEHRAN, Feb 21: Iran holds less than 30 per cent of its reserves in dollars and will continue to cut holdings in the US currency to the "minimum level" needed to meet payment commitments, the central bank governor said on Wednesday....
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Oil prices rebound
LONDON, Feb 21: World oil prices rallied on Wednesday, a day before the US government publishes weekly data on the state of US energy stockpiles....
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Euro higher
LONDON, Feb 21: The euro struck its highest ever level against the Japanese currency on Wednesday after the Bank of Japan raised its ultra-low interest rates for only the second time in six years....
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Prices rule firm on cotton market
KARACHI, Feb 21: Cotton market on Wednesday showed firm trend as ginners raised their asking prices by Rs25 per maund but spinners appeared to be in no obliging mood and stayed away....
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UK moot to highlight trade with Pakistan
LONDON, Feb 21: A joint Pakistan-City of London conference is being proposed to be held here some time after summer to highlight investment opportunities in Pakistan, Lord Mayor John Stuttard, who...
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Fiscal curbs
ABUJA, Feb 21: The Nigerian Senate gave initial approval on Wednesday to fiscal responsibility legislation designed to protect some of the outgoing government''s macro-economic reforms....
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French firm
PARIS, Feb 21: French road construction company Colas reported a 29 per cent rise in 2006 net profit on Wednesday and issued an upbeat outlook....
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Malaysian palm oil lower
KUALA LUMPUR, Feb 21:Malaysian crude palm oil futures closed 0.8 per cent lower on Wednesday, dragged down by lower prices of rival US soyaoil....
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UBLFM shows 12pc yield
KARACHI, Feb 21: The UBL Fund Managers Ltd., a wholly owned subsidiary of United Bank Limited, announced their financial results for the six month period ended December 31, 2006....
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EU states’ support on FTA sought
ISLAMABAD, Feb 21: Prime Minister Shaukat Aziz has sent letters to his counterparts in European Union (EU) capitals, seeking their support in initiation of negotiations on a free-trade agreement (FTA) with Pakistan....
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Port Qasim
KARACHI, Feb 21: Three ships carrying containers and edible oil were accommodated berths at QICT and MPT during the last 24 hours, said a PQA press release on Wednesday....
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Karachi Port operations
KARACHI, Feb 21: Seven ships carrying steel, containers and to load naphtha are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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