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| April 10, 2007 | Tuesday | Rabi-ul-Awwal 21, 1428 |
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Gold imports decline by 57 per cent
KARACHI, April 9: Pakistan’s gold imports declined by 57.35 and 50.35 per cent in terms of quantity and value, respectively, in July-February 2006-2007 as compared to the same period last fiscal.... 
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Pakistan seeks greater cut in farm subsidies
ISLAMABAD, April 9: Pakistan will urge the farm products’ exporting countries to seek substantial reduction in subsidies in the rich countries market under the current Doha round of negotiations....
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Pakistan eyeing Indian cement market
KARACHI, April 9: Cement manufacturers are paving the road of “confidence building” measures with India through exports. An official statement issued in New Delhi by the Indian Prime Minister’s office...
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USTR identifies trade barriers in Indian market KARACHI, April 9: Even a highly competitive and organised industry in the US, the world’s biggest economy, has complained of facing insurmountable barriers in the Indian market giving a convenient excuse...
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Stocks finish volatile session with clipped gains
KARACHI, April 9: Stocks on Monday maintained their upward drive on active follow-up support on the cement counter but late selling in some of the leading base shares allowed them to close with clipped gains....
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Risingdeficit threatens economy: Current account
KARACHI, April 9: Soaring trade deficit has further aggravated the situation of the country’s negative current account balance threatening to even off set the positive impact of higher foreign direct investments and massive inflows by overseas Pakistanis....
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Rs1.3bn fund for farm projects
ISLAMABAD, April 9: Chairman Pakistan Agricultural Research Council (Parc) Dr Tusneem on Monday said that the Agricultural Research Endowment Fund (Aref) had been instrumental in financing high priority research projects and upgrade research facilities in the country....
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Talks with China on services sector
ISLAMABAD, April 9: Pakistan and China will start first round of negotiations on services sector from Thursday as part of the free trade agreement (FTA) between the two countries....
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TCP seeks permission to export wheat
KARACHI, April 9: The Trading Corporation of Pakistan (TCP) said on Monday it was seeking government approval to restart wheat exports after a good harvest this year left a surplus of more than 2.0...
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Oil prices plunge
NEW YORK, April 9: Oil fell more than four per cent on Monday, extending declines that followed Iran’s release last week of 15 British sailors and marines....
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CBR invites budget proposals
ISLAMABAD, April 9: The Central Board of Revenue (CBR) has invited online budgetary proposals on revenue measures for consideration in the upcoming budget of 2007-08....
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ECO moot begins today
ISLAMABAD, April 9: Federal Minister for Privatisation and Investment Zahid Hamid on Saturday said that a three-day ECO moot on privatisation was being held from Tuesday....
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Dull trading on cotton market
KARACHI, April 9: Trading on the cotton market on Monday resumed on a dull note as leading spinners and mills again kept to the sidelines owing to higher asking prices....
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S. Arabia eyeing $65.3bn in surplus
RIYADH, April 9: Saudi Arabia’s current account surplus is expected to reach SR245 billion ($65.3bn) or 19.2 per cent of the gross domestic product (GDP) this year, the Saudi bank SABB...
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Karachi Port operations
KARACHI, April 9: Seven ships carrying general cargo, containers and to load cement are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, April 9: Three ships scheduled to load and offload containers and cement were accommodated berths at QICT and MPT during the last 24 hours, said a PQA press release on Monday....
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New Paco chief
KARACHI, April 9: Mr Abdul Bari Khan, chief executive officer, Pakistan Industrial Development Corporation (PIDC), has also assumed the charge of chairman, Pakistan Automobile Corporation Limited (Paco), according to a notification....
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Asian stocks sharply higher
HONG KONG, April 9: Asian stocks rallied sharply higher Monday on improved prospects for the United States economy following the release of better than expected US jobs data....
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Palm oil up
KUALA LUMPUR, April 9: Malaysian crude palm oil futures closed 1.1 per cent higher on Monday to new eight-year highs, boosted by strong gains in Chicago Board of Trade grains and oilseeds....
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NY sugar flat
NEW YORK, April 9: Raw sugar futures were called to open flat to 0.05 cent firmer on Monday in open-outcry trading as players eye the rolling of positions after the Easter holiday break, floor sources said....
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