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| April 28, 2007 | Saturday | Rabi-us-Sani 10, 1428 |
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Textile machinery imports down 34pc
KARACHI, April 27: Import of machinery in Pakistan during last nine months (July-March 2006-07) has surged by about 12 per cent to touch $4.84 billion figure.... 
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ADB trims growth forecast to 6.8pc
ISLAMABAD, April 27: The Asian Development Bank (ADB) on Friday estimated Pakistan''s growth rate at 6.8 per cent instead of targeted seven per cent and said a host of internal and external issues were potential risks to future economic prospects....
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PR’s high freight charges hindering exports to India
KARACHI, April 27: Pakistan Railway’s high freight charges for wagons are hindering export of bulk commodities, like wheat and cement, to India which is importing huge quantity of these commodities to meet its domestic shortfall....
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Arif Habib Securities announces 200pc bonus issue
Karachi, April 27: Arif Habib Securities Limited (AHSL) announced bonus issue for the shareholders at 200 per cent (two shares for every one share held) for the quarter ended March 31, 2007....
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New draft law seeks more powers for SECP
ISLAMABAD, April 27: The Securities and Exchange Commission of Pakistan (SECP) has come up with a new draft of the Securities and Exchange Act 2007, seeking more powers in emergency situations...
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PS sale reversal hits privatisation proceeds
KARACHI, April 27: Experts and analysts said on Friday that the reversal of Pakistan Steel’s privatisation decelerated the government’s privatisation process, as financial year 2006-07 proved almost negligible performance of the government in the field....
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MCB Bank gives 25pc cash dividend
Karachi, April 27: MCB Bank Limited announced after tax profit amounting to Rs3.7 billion for the first quarter ended March 31, 2007....
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PIA posts Rs3.95bn loss in first quarter
ISLAMABAD, April 27: Pakistan International Airlines has posted Rs3.95 billion losses during the first quarter ending March 2007, despite stable fuel prices....
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Oil prices firm
LONDON, April 27: World oil prices crept ahead on Friday in muted trade ahead of the weekend, as traders set aside data which showed a dramatic slowdown in the US economy....
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Bank reports 40pc rise in deposits
Karachi, April 27: JS Bank Limited (JSBL) reported deposit growth of 40 per cent amounting to Rs10.09 billion on March 31, 2007 in the three months since the bank started functioning on December 30, 2006....
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KSE 100-share index stays well above 12,000-point
KARACHI, April 27: The KSE 100-share index on Friday consolidated well above the 12,000 point barrier and analysts said presence of strong foreign buying on the oil and bank counters could push it further higher during the coming weeks....
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Rs250bn to be saved in trade logistics cost
ISLAMABAD, April 27: Pakistan will save Rs200 to Rs250 billion per annum in the wake of drastic reduction in overall trade-related transport and logistic costs, which would also increase competitiveness of exportable products....
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GST revenue from cars down by 68pc in 9 months
ISLAMABAD, April 27: The collection of general sales tax (GST) from motor cars, fertilisers and papers has shown a major decline during the first three quarters of the current fiscal year over the same period of last year....
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Consortium to build $500m fibre optic link to US
SINGAPORE, April 27: A multinational consortium will build the first high-bandwidth optical fibre submarine cable system linking Southeast Asia and the United States at a cost of $500 million, a member said Friday....
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Trading gets slow on cotton market
KARACHI, April 27: Trading on the cotton market on Friday remained slow in the absence of southern Punjab ginners who observe Friday as a weekly holiday and did not indulge in physical activity....
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Dhabeji identified as special trade zone
KARACHI, April 27: The consultants hired by the federal government to carry out study for selecting locations for setting up special economic zones (SEZs) has recommended Dhabeji as the best place for SEZ in Sindh....
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Legal action launched against ABN Amro
THE HAGUE, April 27: Dutch shareholders have launched legal action against bank ABN Amro, at the centre of a massive European takeover battle, to stop the bank selling its US subsidiary LaSalle, an Amsterdam court said on Friday....
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US economic growth slows dramatically
WASHINGTON, April 27: The US economy weakened dramatically in the first quarter to its worst growth pace in four years, expanding at a pace of just 1.3...
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Karachi Port operations
KARACHI, April 27: Eight ships carrying, containers, chemicals and to load rice are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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Nokia plans to set up research centres
ISLAMABAD, April 27: Prime Minister Shaukat Aziz has said that telecom sector which constitutes two per cent of Pakistan''s GDP is among the fastest growing industries with a teledensity that increased...
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Asian stocks mostly lower
HONG KONG, April 27: Asian stocks closed mostly lower on Friday with investors shrugging off another record performance by Wall Street and instead focussing on regional issues....
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Malaysia leaves lending rate unchanged
KUALA LUMPUR, April 27: Malaysia’s central bank on Friday kept its key interest rate unchanged at 3.50pc amid expectations of sustained economic growth and low inflation....
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