Low Graphics Site

April 06, 2007 Friday Rabi-ul-Awwal 17, 1428 LSM growth target may not be achieved ISLAMABAD, April 5: Large-scale manufacturing growth has slowed down in the last few months owing to capacity-constraints in some of the leading industries and slower demand in others, showing signs that... PC Board disqualifies Attock Group: PSO privatisation KARACHI, April 5: The Board of Privatisation Commission has decided to disqualify Attock Group of Companies from participation in privatisation of Pakistan State Oil (PSO).... Wheat export policy being evolved LAHORE, April 5: Pakistan is in the process of evolving a “permanent” wheat export policy and locating markets for it, says Federal Minister for Food, Agriculture and Livestock Sikandar Hayat Khan Bosan.... Record rise in prices asshortfall in cotton seen: 2006-2007 season KARACHI, April 5: The country may not achieve the cotton target of 12.5 million bales fixed by the government for the current season (2006-07). The latest figures placed the production at 12.384... Stocks stage meteoric rise on foreign buying KARACHI, April 5: The stock market on Thursday shrugged off the overnight hesitancy as investors resumed covering operations amid market talk of strong presence of foreign buyers on the banking and oil counters.... FPCCI asks govt to revise ordinance ISLAMABAD, April 5: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday asked the government to revise the trade ordinance-2006 to make it more business-friendly.... Bilour backs new trade bodies rules PESHAWAR, April 5: The Progressive Businessmen Forum Pakistan (PBFP) has asked the government to appoint an independent administrator for the implementation of the Trade Organisation Rules 2007.... Businessmen plan showdown KARACHI, April 5: After lawyers, the businessmen appear to be all set for a countrywide showdown with the government on the issue of Trade Organisations Ordinance 2006.... Delhi moot GENEVA, April 5: WTO members have voiced frustration at the slow pace of negotiations ahead of a ministerial meeting of key players in New Delhi next week, sources close to the talks said on Thursday.... Details on brokers’ clearance sought ISLAMABAD, April 5: The National Assembly Standing Committee on Finance and Revenue on Thursday sought details from the Securities and Exchange Commission of Pakistan (SECP) within two weeks on its decision... FFC plans capacity expansion KARACHI, April 5: Fertiliser companies are pursuing plans to expand capacity in order to benefit from higher urea demand. FFC is currently conducting de-bottlenecking of its existing plant III (situated at... SBP policy framework issued KARACHI, April 5: The State Bank on Thursday issued consolidated instructions on policy framework for banks and DFIs. The SBP issued a detail circular on the subject saying that in order... ABN Amro raises stake in Prime Bank KARACHI, April 5: ABN Amro announced on Thursday that it had increased its stake in Prime Bank by 2.77 per cent to 96.17 per cent. This followed the expiry of its cash tender offer on March 29.... Reserves up KARACHI, April 5: The total liquid foreign reserves held by the country registered a rise of $40.2 million at $13,624.9 million here on March 31, State Bank of Pakistan (SBP) said here on Thursday.... IDBL president KARACHI, April 5: The government has appointed Naseem Iqbal as the first President and Chairman of the Industrial Development Bank Limited (IDBL). Mr Naseem has been working as managing director of... Oil prices lower on profit-taking LONDON, April 5: World oil prices slid on profit-taking on Thursday ahead of the Easter holiday weekend, reversing earlier gains that were linked to a massive plunge in US motor fuel reserves, traders said.... Euro hits two-year high against $ LONDON, April 5: The European single currency surged past $1.34 on Thursday to strike its highest level in two years, while the pound fell on weak British manufacturing output data.... Lint prices flare up on active demand KARACHI, April 5: Cotton market on Thursday consolidated its overnight price flare-up of well over Rs150 per maund as spinners and mills remained active buyers at the ginners’ asking prices.... Karachi Port operations KARACHI, April 5: Three ships to load 68,000 tons of cement and clinker are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Port Qasim KARACHI, April 5: Three ships to load ad offload containers and LPG were accommodated berths during the last 24 hours, said a PQA press release on Thursday.... WB slashes Thai growth forecast to 4.3pc BANGKOK, April 5: The World Bank said on Thursday it has slashed its projection for Thailand''s economic growth to 4.3 per cent this year due to sagging investor confidence and slower exports.... ICI announces expansion of soda ash plant KARACHI, April 5: The ICI Pakistan announced on Thursday that it was going into expansion of its soda ash plant by another 65,000 tons per annum.... Accord signed KARACHI, April 5: The Telenor Pakistan and The Resource Group (TRG) have singed an agreement whereby the TRG will provide a significant set of call centre services to Telenor Pakistan’s fast growing subscriber bases in the country, says a press release.... Chinese economy BEIJING, April 5: China will see “very strong” growth in 2007, but the government does not need to be too concerned about bottlenecks and other signs of overheating, the World Bank said on Thursday.... US to escape recession: IMF WASHINGTON, April 5: The United States will overcome a housing slowdown and avert recession, while the rest of the global economy is in sound health, the International Monetary Fund said on Thursday.... Malaysian palm oil slips KUALA LUMPUR, April 5: Malaysian crude palm oil futures closed 1.2 per cent lower on Thursday as players booked profits after strong gains. The most active month hit new eight-year highs... Asian stocks mixed HONG KONG, April 5: Asian stocks closed mixed on Thursday following a subdued by performance by Wall Street overnight and with investors positioning themselves ahead of regional holidays.... Gold near 5-week high LONDON, April 5: Gold traded on Thursday near a five-week high, with positive sentiment overriding easing tensions in the Middle East as Iran released British soldiers and marines.... Karachi market rates KARACHI, April 5: The following were Thursday’s commodity market rates in rupees.... Conversion rates KARACHI: The following are April 6 State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer certificates, and special US dollar bonds....

Contributions Privacy Policy © DAWN Group of Newspapers, 2007