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| May 25, 2007 | Friday | Jamadi-ul-Awwal 08, 1428 |
Price-hike ahead of budget goes un-noticed
KARACHI, May 24: The government has not been taking any notice of price manipulations by manufacturers and market players who as usual have arbitrarily raised prices of rice, fresh, tetra and powered milk, ghee, cooking oil etc.,...
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116 textile mills close down, says Aptma
LAHORE, May 24: At least 116 textile mills have closed down with 700,000 spindles going out of operation, the All Pakistan Textile Mills Association (Aptma) said....
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1,631 selected under internship programme
KARACHI, May 24: The Sindh government has placed 1,631 young post-graduates in various departments under the National Internship Programme launched by the federal government....
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EU needs homework before FTA talks
ISLAMABAD, May 24: The European Union (EU) on Thursday said it was “too early” to talk about Free Trade Agreement (FTA) between Pakistan and the EU but indicated at lifting ban on Pakistan International Airlines (PIA) flights soon....
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Farmers term rice target unrealistic
LAHORE, May 24: The government has again set an unrealistic production target of 5.7 million tons of rice for the next year and that too without any concrete steps to achieve it, said farmers associations here on Thursday....
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Rs890m plan to reduce tea import bill
ISLAMABAD, May 24: The government has decided to commercialise tea production by shortly launching a Rs890 million public-private partnership programme to reduce the tea import bill that touched Rs13.34...
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President to open LPG terminal tomorrow
KARACHI, May 24: President Pervez Musharraf will inaugurate the Liquid Petroleum Gas (LPG) terminal and will also perform the groundbreaking of the Liquid Natural Gas (LNG) terminal at Port Qasim on Saturday....
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Stocks sustain gains above 12,500-level
KARACHI, May 24: After several abortive attempts, the KSE 100-share index on Thursday broke through the barrier of 12,500 points on heavy short-covering in the leading base shares aided by postponement of proposed three-day strike by Pakhtoon Action Committee....
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Charges settled
WASHINGTON, May 24: US tech giant Hewlett-Packard has reached a settlement with US regulators for failing to disclose the reasons for a director’s sudden resignation amid a company probe of boardroom leaks....
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Govt fails to contest super basmati’s registration in India
ISLAMABAD, May 24: After a lapse of one year, the government seems helpless to effectively take up with the Indian authorities the issue of unlawful registration of Pakistan''s super basmati rice in India which is also an IPR violation....
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Listless trading on cotton market
KARACHI, May 24: Cotton market on Thursday witnessed dull trading as spinners remained busy in probing world markets for supplies at cheaper rates....
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Smuggling to Iran pushes rice prices up
KARACHI, May 24: The Union of Small and Medium Enterprises (Unisame) has demanded the government to take urgent measures for checking rampant smuggling of rice (about 100,000 tons a month) to...
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Karachi Port operations
KARACHI, May 24: Nine ships carrying tallow, containers and to load cement are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Tea plantation project for AJK signed
MUZAFFARABAD, May 24: The AJK government has leased out 3,000 acres of forest land to a group of three companies for 15 years for tea cultivation in the area....
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US durable goods orders
WASHINGTON, May 24: Orders for US durable goods rose 0.6 per cent in April, after a revised 5.0 per cent jump in March, the Commerce Department said on Thursday, suggesting renewed strength in the factory sector....
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Japan’s trade surplus up
TOKYO, May 24: Japan''s trade surplus jumped 51.8 per cent from a year earlier to 926.68 billion yen ($7.62 billion) in April on strong exports of cars and steel, the government said on Thursday....
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Iranian economy
TEHRAN, May 24: Iran’s moderate press and economists on Thursday slammed a decision by President Mahmoud Ahmadinejad to slash interest rates, describing the move as “incomprehensible” and risking “economic suicide”....
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Asian stocks lower
HONG KONG, May 24: Asian stocks closed mostly lower on Thursday with investors consolidating positions amid several warnings over prospects for the Chinese markets which have risen steeply this year....
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European shares slip
LONDON, May 24: Europe''s main stock markets fell on Thursday, with global investors rattled after former US Federal Reserve chairman Alan Greenspan warned of a possible “dramatic contraction” in Chinese share prices....
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Palm oil prices up
KUALA LUMPUR, May 24: Malaysian crude palm futures ended 2.3 per cent higher on Thursday to hit fresh near-nine-year highs, boosted by firm soyaoil prices and hopes of robust growth in exports....
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