Low Graphics Site

March 01, 2007 Thursday Safar 11, 1428 Brokers, SECP lock horns on CLN KARACHI, Feb 28: Two session and four days away from the implementation or the elimination of client level netting system (CLN) the stock brokers have raised issues which are almost certain... UK investor shows interest in CSIBL LAHORE, Feb 28: A Gujrati-speaking UK based investor is said to have shown keen interest in the acquisition of Crescent Standard Investment Bank Limited (CSIBL), which is in dire need of an urgent equity injection for survival.... Abad calls for action to control cement price KARACHI, Feb 28: While the government is yet to come out with a decision regarding ban on cement exports or allowing import to cut prices, builders and manufacturers have made conflicting claims.... Telecom industry getting huge investments ISLAMABAD, Feb 28: Minister for Information Technology Awais Ahmad Khan Leghari on Wednesday said Pakistan’s telecom industry had received investments of Rs550 billion and Rs300 billion were pledged to be added in the next two to three years.... FDI to reach $6bn: minister ISLAMABAD, Feb 28: Minister of State for Finance Omar Ayub Khan said on Wednesday that privatisation of Pakistan''s key industries is one of three pillars on which continued growth and diversification of country''s economy depends.... Gas supply to 50 units suspended LAHORE, Feb 28: The Sui Northern Gas Pipelines Limited (SNGPL) on Wednesday suspended supplies to around 50 industrial units, thus saving some 60 million cubic feet per day (mmcfd).... Stocks meltdown may cause recession NEW YORK, Feb 28: The downturn in the world stock market led by China may have caused a tremor which the economic analysts here say is harbinger of a recession looming ahead.... New Islamic bank launched KARACHI, Feb 28: Another Islamic Bank, Emirates Global Islamic Bank (EGIBL), has been launched with six branches in Pakistan.... Bears tighten grip on stock market KARACHI, Feb 28: Stocks on Wednesday fell across the board on psychological selling triggered by reports of crash of China’s Shanghai bourse and its fallout on the regional markets.... Oil prices slip LONDON, Feb 28: Oil prices fell on Wednesday as most world stock markets sank for a second day on global economic concerns, traders said.... Prices firm up on cotton market KARACHI, Feb 28: Cotton market on Wednesday consolidated previous gains as ginners were not inclined to lower their asking prices, while spinners are not to go beyond their export parity levels.... Increase in power tariff opposed KARACHI, Feb 28: The Pakistan Tanners Association (PTA) has expressed concern over government decision to increase electricity tariff by 10 per cent for all categories of consumers.... Gazprom seeks $300m loan for gas project MOSCOW, Feb 28: The state-controlled Russian gas giant Gazprom is reported to have asked the European Bank for Reconstruction and Development for a loan of $300 million to refinance the giant gas project Sakhaline-2.... Karachi Port operations KARACHI, Feb 28: Six container vessels are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... Port Qasim KARACHI, Feb 28: Four vessels carrying wheat, edible oil, seeds and furnace oil were accommodated berths during the last 24 hours, said a PQA press release on Wednesday.... Malaysian economy KUALA LUMPUR, Feb 28: Malaysia''s economy grew at a faster 5.9 per cent last year, ahead of government forecasts, the Department of Statistics said on Wednesday.... WB team breifed on POL supply, imports KARACHI, Feb 28: A five-member delegation of the World Bank on Wednesday visited Port Qasim to review the existing petroleum supply and imports and also to draw a future framework for strategic storage and stocks of POL products.... ABL’s profits up by 42pc KARACHI, Feb 28: Allied Bank’s profits grew by 42 per cent for the year 2006 and the bank announced a cash dividend of 25 per cent with 20 per cent bonus share, says a press release.... Expo centre for capital suggested ISLAMABAD, Feb 28: Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to build an expo centre in the federal capital to promote the export of quality products.... Hubco’s CFO KARACHI, Feb 28: The board of directors of the Hub Power Company, Hubco, has announced that Abdul Nasir, financial controller, has been promoted as chief financial officer (CFO), says a press release.... US GDP revised down WASHINGTON, Feb 28: The government''s estimate of US economic growth for the fourth quarter was revised down sharply to a 2.2 per cent pace from an earlier figure of 3.5... Palm oil rebounds KUALA LUMPUR, Feb 28: Malaysian crude palm oil futures recovered from earlier losses on Wednesday as firm prices in the physical market prompted strong buying towards the close, dealers said....

Contributions Privacy Policy © DAWN Group of Newspapers, 2007