|
| June 08, 2007 | Friday | Jamadi-ul-Awwal 22, 1428 |
|
Dumping duty levied on PSF imports
ISLAMABAD, June 7: The National Tariff Commission (NTC) on Thursday imposed final anti-dumping duties on import of polyester staple fibre (PSF) into Pakistan originating in or exported from Indonesia, Korea, and Thailand.... 
|
|
Write-off policy made more lenient: SBP issues fresh guidelines
KARACHI, June 7: The State Bank of Pakistan has made write-off policy more lenient for banks and allowed the board of directors of banks to even ‘skip’ some of the guidelines...
|
|
Changes likely in rules for release of warehoused goods
KARACHI, June 7: The Central Board of Revenue (CBR) is likely to introduce wide range of changes in the Customs Act, 1969, in the budget 2007-08....
|
|
Duty cut on PET resin, bottles’ import on cards
KARACHI, June 7: The government is expected to reduce import duty on PET plastic resin, a raw material used for making PET grade bottles, to five per cent from 10 per cent in the budget for 2007-08....
|
|
|
||
|
KSE 100-share index posts fresh gain of 25 points
KARACHI, June 7: The pre-budget run-up on the stock market on Thursday slowed down as follow-up support turned shy after foreign investors indulged in profit-selling in leading oil and bank shares, signalling their temporary exit....
|
|
Cotton, rice output declines
ISLAMABAD, June 7: The output of six, out of 12 major crops, including cash crops like rice, cotton, witnessed a reduction during 2006-07 against last year despite higher than targeted growth in the overall agriculture sector....
|
|
||
|
Action against ghee, cooking oil makers
ISLAMABAD, June 7: The government has decided to take strict action against ghee and cooking oil manufacturers for not sticking to the standards of quality, packing, quantity, material and marking after receiving complaints from consumers countrywide....
|
|
DTO extends registration date
ISLAMABAD, June 7: The ministry of commerce has extended the last date for filing of applications by trade organisations for grant of licence until June 30, 2007....
|
|
|
||
|
Oil rallies on falling US refinery output
LONDON, June 7: World oil prices rallied strongly on Thursday as traders reacted to falling US refinery gasoline production amid the country’s peak-demand driving season. They also fretted over geopolitical and weather-related concerns in the crude-rich Middle Eastern region....
|
|
Dollar gains against euro
LONDON, June 7: The dollar gained on the euro here on Thursday on a report that North Korea had test-fired two short-range missiles and in response to expectations the US Federal Reserve will refrain from lowering US interest rates this year....
|
|
|
||
|
Govt plans to open 5,000 more utility stores
LAHORE, June 7: The federal government is considering opening 5,000 more utility stores across the country, which will cost around Rs1.5 billion and create 10,000 jobs....
|
|
Bangladesh unveils $12.6bn budget
DHAKA, June 7: Bangladesh’s emergency government on Thursday announced a slew of subsidy and welfare measures in a $12.6 billion anti-inflation budget. The budget came amid government fears that failure to...
|
|
|
||
|
Trading gets slow on cotton market
KARACHI, June 7: Trading on the cotton market on Thursday remained relatively dull but some brokers said about 2,000 bales from the southern Punjab cotton belt changed hands on around Rs2,600 per maund....
|
|
Karachi Port operations
KARACHI, June 7: A dozen ships carrying containers, crude oil and steel scrap are expected to arrive at the outer anchorage on Friday, according to KPT sources....
|
|
|
||
|
China draws plan for its HK-listed companies
SHANGHAI, June 7: China’s securities regulator has drawn up rules on how Chinese firms registered and listed in Hong Kong can sell shares on the nation’s booming domestic stock markets, official media reported on Thursday....
|
|
IBP forum
KARACHI, June 7: The Institute of Bankers Pakistan (IBP) is arranging a budget breakfast forum to examine and appraise different aspects of the federal budget scheduled to be announced on June 9, at its premises in Karachi on Tuesday June 12....
|
|
|
||
|
Asian stocks close lower
HONG KONG, June 7: Asian stocks closed mostly lower on Thursday with investors continuing to consolidate after falls on Wall Street overnight were sparked by fears of higher global interest rates....
|
|
European stock markets struggle
LONDON, June 7: Europe''s main stock markets faltered on Thursday following heavy losses on Wednesday triggered by an increase in eurozone interest rates, dealers said....
|
|
|
||
|
Palm oil up
KUALA LUMPUR, June 7: Malaysian palm futures ended 1 per cent higher on Thursday, lifted by concerns over declining reserves and only a marginal increase in production, dealers said....
|
|
Karachi market rates
KARACHI, June 7: The following were Thursday’s commodity market rates in rupees....
|
|
|
||
