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| May 04, 2007 | Friday | Rabi-us-Sani 16, 1428 |
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Factors for slow export growth analysed: PM chairs meeting
ISLAMABAD, May 3: Pakistan will have to improve its productivity level, ensure quality and concentrate on value-added products for achieving the desired level of export share in international trade.... 
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French Accor to build 12 hotels in Pakistan
KARACHI, May 3: French hotelier Accor will build a dozen hotels in Pakistan in a deal with JS Group, a financial services firm, to fill a room supply gap in the mid-range market, reported Gulf News on Thursday....
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KSE MD earns Rs8m in farewell deal
KARACHI, May 3: The outgoing managing director of Karachi Stock Exchange “earned” a neat package of Rs6 million in cash and two Toyota cars as ‘compensation for loss of office’....
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BD major textile exporter to US, EU
ISLAMABAD, May 3: In the second year after the phasing out of the agreement on textiles and clothing, Bangladesh leaves behind all South Asian textile producing countries in grabbing maximum market...
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Cooking oil, ghee prices raised
KARACHI, May 3: A leading packer of cooking oil and ghee has increased the rate of 5-litre oil and 5-kg ghee tins by Rs28 and Rs33, respectively, from May 1 to Rs498....
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PM not satisfied with textile sector progress
ISLAMABAD, May 3: Prime Minister Shaukat Aziz said on Thursday that Pakistan''s position in textiles at the global level is not satisfactory and more investment is required in the textile industry to improve exports....
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Engro to issue Rs4bn bonds
KARACHI, May 3: Engro Chemical Pakistan will issue domestic corporate bonds worth Rs4 billion ($66 million) to help raise funds for its new fertiliser manufacturing facility, banking sources said on Thursday....
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PSO bidding may be delayed further
KARACHI, May 3: The bidding for a controlling stake in the PSO may be delayed by several weeks due to a legal wrangle over disqualification of a bidder, an official source said on Thursday....
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Stocks lose value slightly on profit-taking
KARACHI, May 3: Stocks on Thursday took a technical pause as a section of investors took profits on a number of counters at the inflated levels but all the offers were well-absorbed both the rise and the fall....
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BankIslami launches home financing
KARACHI, May 3: The BankIslami on Thursday launched Muskan home financing which will be the first of its kind as it offers loans to low income group.A...
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Merger approved
BRUSSELS, May 3: EU regulators approved on Thursday Norwegian oil company Statoil''s takeover of the oil and gas activities of Norsk Hydro, judging that the deal would not stifle competition....
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Japan, Asean to work for free trade pact
SINGAPORE, May 3: Japan''s Trade Minister Akira Amari and his southeast Asian counterparts will attempt to agree the framework of a free trade deal when they meet in Brunei on Friday, a Japanese diplomatic source said....
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Removal of tariff anomaly sought
ISLAMABAD, May 3: The National Tariff Commission (NTC) is considering removing tariff anomaly pertaining to finished infusion giving sets and its raw material as proposed by the local pharmaceutical industry....
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Ginners hold stocks ahead of crop size
KARACHI, May 3: Cotton market on Thursday showed quietly steady trend as ginners firmly held on to their unsold positions apparently awaiting the final crop figures and their impact on the prices....
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Karachi Port operations
KARACHI, May 3: Five ships carrying containers, general cargo and crude oil are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Port Qasim
KARACHI, May 3: Normal shipping activity was witnessed at the port where two ships scheduled to load, unload containers and wheat were allotted berths at QICT and MPT, respectively, during the last 24 hours, says a PQA press release....
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India plans PTA export
NEW DELHI, May 3: State-run Indian Oil Corporation (IOC) is looking to export some petrochemical products to Pakistan, India''s junior oil minister said on Thursday. Sales of purified terephthalic (PTA), used in the production of polyester, were being pursued, he said....
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Budget coordinators
ISLAMABAD, May 3: The Central Board of Revenue (CBR) has appointed six coordinators and deputy coordinators for the budget 2007-08....
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Trading in Beema suspended
KARACHI, May 3: The SECP on Thursday directed suspension of trading in shares of Beema Pakistan Company Limited for a period of 60 days with immediate effect....
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Acquisition
KARACHI, May 3: Al-Zamin Group has acquired Crescent Leasing Corporation Limited (CresLease, says a press release....
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Rosneft buys Yukos assets
MOSCOW, May 3: Russian state-run oil major Rosneft bought key assets belonging to bankrupt oil group Yukos on Thursday for $6.8 billion (5.0 billion euros) in a deal that analysts said made the firm Russia''s biggest oil producer....
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Asian stocks stay bullish
HONG KONG, May 3: Asian stocks chalked up further substantial gains Thursday as another record finish on Wall Street kept the ''feel good'' factor in place after more positive US economic data, dealers said....
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GM profit hit by losses at mortgage unit
NEW YORK, May 3: Auto giant General Motors said on Thursday its latest quarterly profit was dented by losses at its lending arm due to weakness in the housing market even as results in automotive operations improved....
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Palm oil prices jump on exports
KUALA LUMPUR, May 3: Malaysian crude palm oil futures rose 2 per cent on Thursday, boosted by strong exports and bullish comments from top industry analyst Dorab Mistry....
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