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| March 17, 2007 | Saturday | Safar 27, 1428 |
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Sales sink amid thin presence of buyers: Judicial crisis
KARACHI, March 16: Sales of essential goods and regular items like garments, clothes, shoes, kitchenware, furniture, etc., have witnessed massive plunge in major markets of the city during the last five days.... 
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Investors show keen interest in Balochistan
Quetta, March, 16: The Balochistan investment mission conferences on ‘Gwadar Port City’ held at Dubai, London, Warsaw and Geneva produced very encouraging response, particularly from the British and Polish business community....
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Remittances up by 22pc in 8 months
KARACHI, March 16: Overseas Pakistani workers remitted about 22 per cent more foreign exchange during the first eight months (July-Feb 2007) against the corresponding period of last year....
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Guidelines for Islamic banking institutions
KARACHI, March 16: With a view to bring the Islamic Banking parallel to the conventional banking, the State Bank of Pakistan has formulated guidelines which would strengthen rules of Shariah compliance....
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Stocks finish weekend session with extended gain
KARACHI, March 16: Share market on Friday extended the overnight rally as leading base shares came in for fresh covering purchases, pushing the KSE 100-share index higher by another 63.13...
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ST counter for fast payment of refunds
KARACHI, March 16: The Collectorate of Sales Tax has set up a discretion free corporate counter at the Sales Tax House to facilitate the corporate sector taxpayers in matters pertaining to sales tax refund and data feeding....
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Sri Lanka urged to revise FTA list
ISLAMABAD, March 16: Pakistan has requested Sri Lanka for inclusion of more than 40 tariff lines of auto parts in the negative list of the Free Trade Agreement (FTA) in a...
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Prices of 16 items increase
ISLAMABAD, March 16: Prices of 16 essential kitchen items registered substantial growth during the week ending March 15, statistics division said on Friday. Most of the products, which recorded upward trend...
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Bidding for auction of PSO stakes on May 5
KARACHI, March 16: The government plans to hold an auction on May 5 to sell a majority stake in Pakistan State Oil (PSO) worth about $530 million, a tentative schedule sent to pre-qualified bidders showed....
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Ukraine for boosting energy cooperation
ISLAMABAD, March 16: Ambassador of Ukraine Dr Igor Polikha has emphasised the need to boost cooperation in diversified economic areas including the hydrocarbon and minerals between the two countries....
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Oil prices firm on Opec output moot
LONDON, March 16: World oil prices edged up on Friday as traders weighed up the impact of a decision by the Opec crude producers'' cartel to keep its production levels steady....
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Dollar hits 3-month low against euro
LONDON, March 16: The dollar fell to its lowest level in three months against the euro here on Friday on concerns that US economic momentum could be losing steam in the face of a housing market downturn....
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Brisk buying on cotton market
KARACHI, March 16: Active trading was witnessed on the cotton market on Friday as spinners and mills were back in the market and lifted all the lots offered by the ginners for sales....
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US, S. Korea confident on FTA outcome
WASHINGTON, March 16: Ahead of a two-week deadline, the US and South Korea expressed optimism on Friday of crafting an ambitious free trade agreement as they prepared for the final stretch of tough negotiations....
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Reservations on US cotton subsidies
GENEVA, March 16: The US Farm Bill is "counterproductive" in its current form and could lead to increased subsidies to US cotton formers of up to 65 per cent, African cotton producing nations said here on Friday....
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Karachi Port operations
KARACHI, March 16: Six vessels carrying containers and general cargo are expected to arrive at the outer anchorage on Saturday, according to KPT sources. Four ships, Oel Aishwarya, APL Dalian to...
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Port Qasim
KARACHI, March 16: Five ships carrying containers, wheat, diesel oil and iron ore were accommodated berths at QICT, MPT, Fotco and IOCB during the last 24 hours, said a PQA press release on Friday.Meanwhile,...
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Leather industry in crisis
SIALKOT, March 16: Sialkot’s export-oriented split-leather industry has been suffering from serious crisis due to the shortage of the material in the market caused by it exports on a large scale....
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Reappointed
KARACHI, March 16: Capt. Anwar Shah has been reappointed governor of the board of the World Maritime University (WMU) for next two-year term. Secretary General of the International Maritime Organisation (IMO) E....
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Asian stocks easier
HONG KONG, March 16: Asian stocks closed easier on Friday after a volatile week saw global markets roiled by fears growing problems in the US housing market could halt the stellar run of the past few years, dealers said....
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Palm oil unchanged
KUALA LUMPUR, March 16: Malaysia palm oil futures closed largely unchanged in dull trade on Friday as the market awaited fresh leads, dealers said. The benchmark third-month June contract on the...
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European stock markets lower
LONDON, March 16: European stock markets fell on Friday after Tokyo finished in the red, as investors remained wary despite modest overnight gains in New York, dealers said....
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Gold prices rise
LONDON, March 16: Gold jumped nearly one per cent to trade above $650 an ounce on Friday ahead of the release of key US data, with a sharp drop in the dollar supporting the metal....
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Pak Suzuki profits
KARACHI, March 16: Pak Suzuki produced 114,214 cars and light commercial vehicles in 2006 as compared to 86,421 units in 2005. The board of directors of...
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