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| March 24, 2007 | Saturday | Rabi-ul-Awwal 4, 1428 |
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Spurt in steel prices hits ongoing projects
KARACHI, March 23: Steel prices have soared by 16 to 19 per cent per ton in the local market during last two months affecting the ongoing infrastructure and development projects being largely undertaken by the public sector.... 
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Priorities committee meetings convened: Development programmes for 2007-08
ISLAMABAD, March 23: The government has convened meetings of the Priorities'' Committee early next month to finalise next year''s development programmes by April 24 for approval by the Annual Plan Coordination...
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BD plans to set up power plants in Myanmar
DHAKA, March 23: The government of Bangladesh is planning to carry out a feasibility study on setting up of one or more hydropower plants in Myanmar for bringing electricity from the next-door neighbour....
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Portugal to invest in renewable energy
LISBON, March 23: Portugal will invest 8.1 billion euros ($10.8 billion) until 2012 to develop renewable energy projects that will create around 10,000 jobs, a senior government official said....
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BP to bid for Russian oil firm
MOSCOW, March 23: The head of oil giant BP discussed the group''s future operations in Russia with President Vladimir Putin on Friday as BP joint venture TNK-BP said it would participate in a sale of assets of the stricken company Yukos....
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FTA with Malaysia to be finalised next month
ISLAMABAD, March 23: Pakistan and Malaysia are likely to conclude the much-awaited Free Trade Agreement (FTA) next month, which is expected to become operational from July 1, 2007, Dawn has learnt....
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Indian inflation rises to 6.5pc
NEW DELHI, March 23: India''s inflation rate remained stuck near two-year highs at almost 6.5 per cent, data on Friday showed, keeping pressure on the government to tame prices and fuelling talk of more monetary tightening....
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BA seeks access to US after ‘open skies’ deal
LONDON, March 23: British Airways said on Thursday it wanted talks to start immediately on liberalisation of the US aviation market after EU transport ministers cleared plans to free up transatlantic routes between Europe and the United States....
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8.44pc decline in import of CKD cars
ISLAMABAD, March 23: The import of complete knocked-down (CKD) and semi-knocked-down (SKD) cars recorded a decline of 8.44 per cent during the first eight months of the current fiscal year (July-February) over the same period last year....
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Dollar firm against euro
LONDON, March 23: The dollar firmed against the euro but fell against the yen on Friday before the release of key housing data in the United States....
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Thai steps to offset rising baht
BANGKOK, March 23: Thailand''s government said on Friday it might introduce new measures aimed at offsetting the economic impact of a rising baht, which is at nine-year highs against the dollar....
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Oil prices at new peak
LONDON, March 23: World oil prices were driven to the highest levels of the year on Friday by news that 15 sailors from a British warship had been seized by Iran, a key crude producer....
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US officials urged to limit trade preferences
WASHINGTON, March 23: A plan to grant trade breaks to destitute nations has carved deep divisions among US and foreign industries and created strange bedfellows as textile and sugar producers line...
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Asian stocks mixed
HONG KONG, March 23: Asian stocks closed mixed in hesitant Friday trade, with investors wrong footed as Wall Street reversed its view that the latest comments from the US Federal Reserve...
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Indonesia may boost fuel oil imports
SINGAPORE, March 23: Indonesia may boost fuel oil imports to generate power in coming years as it converts diesel-fired turbines in areas where gas-or coal-fired plants are not feasible, a company official said on Friday....
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HK firm in talks over China port deal
TAICANG CITY (China), March 23: Wharf (Holdings) Ltd. unit Modern Terminals is eyeing a majority stake in a $1 billion port expansion project near Shanghai to boost its position in China''s fast-growing east coast region....
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Tea output rises 200pc in Kenya
NAIROBI, March 23: Kenya''s tea output rose 200 per cent in February to 34.8 million kg, from 11.6 million kg during the same time last year, boosted by good rains, the government''s Tea Board of Kenya said on Friday....
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US home sales up
WASHINGTON, March 23: The pace of US existing home sales rose an unexpected 3.9pc in February to a 6.69m-unit annual rate as mild weather spurred home buying, the National Association of Realtors said on Friday....
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