Low Graphics Site

July 06, 2007 Friday Jamadi-us-Sani 20, 1428 Share of Islamic banking just 3pc KARACHI, July 5: Share of Islamic banking is still hovering around three per cent of the total banking sector of the country which showed the Islamic banking has little chance to emerge as the parallel banking system in the country.... Oil prices gain despite rise in US inventories LONDON, July 5: World oil prices pulled back from 10-month highs on Thursday after news that US energy reserves rose across the board last week, but supply concerns lingered over key producer Nigeria, traders said....   Top executives seek to bolster business pact GENEVA, July 5: Top executives from some of the world''s biggest companies sought on Thursday to bolster a UN corporate responsibility pact, saying their firms would benefit from stricter rules on corruption and the environment.... Corruption costing global economy $2.5tr GENEVA, July 5: An anti-corruption watchdog on Thursday warned business leaders at a United Nations summit to urgently tackle corruption costing the global economy some 2.5... KSE 100-share index briefly breaches 14,000 barrier KARACHI, July 5: The KSE 100-share index on Thursday briefly broke through the barrier of 14,000 points boosted by positive news from the Islamabad Lal Masjid front and new oil and gas discoveries but failed to sustain it on late selling.... ECB keeps rates firm, BoE hikes lending cost FRANKFURT, July 5: The European Central Bank held its key interest rates steady as expected here on Thursday, but ECB chief Jean-Claude Trichet signalled the bank might raise its key interest rates again in September or October.... AHIM results for open-end funds KARACHI, July 5: Arif Habib Investments (AHIM) announced results for the year ended June 30, 2007 for their open-end funds, a press release by the company stated.... ‘Investment in energy sector being encouraged’ ISLAMABAD, July 5: Prime Minister Shaukat Aziz on Thursday said the government was encouraging the private sector investment in energy sector to meet the rising demand of power.... Forex reserves touch $15.6bn KARACHI, July 5: Pakistan’s'' foreign exchange reserves have reached the historic level of over $15.6 billion in the last fiscal year (2006-07) that ended on June 30, 2007.... Turkmenistan still keen in tripartite gas pipeline ASHGABAT, July 5: Turkmen President Gurbanguly Berdymukhamedov told Afghan counterpart Hamid Karzai on Thursday that Turkmenistan was still interested in a planned gas pipeline across Afghanistan to Pakistan and India.... Offshore exploration licence granted ISLAMABAD, July 5: The government on Thursday granted an exploration licence to Government Holdings (Pvt) Limited (GHPL) over an offshore block located in Arabian Sea.... Business visa for Kenya ISLAMABAD, July 5: Kenyan High Commissioner to Pakistan Mishi Marika Mwatsahu has said that the high commission is ready to facilitate the Pakistani businessmen in getting visas.... High prices mar trading on cotton market KARACHI, July 5: Trading activity on the cotton market on Thursday remained relatively slow as spinners stayed on the sidelines owing to higher asking prices by the ginners.... WTO trade talks at risk, warns US official CAIRNS, July 5: A top US official warned on Thursday that global trade talks risk being stalled for years unless a breakthrough is made this year, as APEC ministers called on all sides to go back to the table.United... US service sector growth boosts job market NEW YORK, July 5: Growth in the US service sector rose unexpectedly in June, while the job market also appeared to pick up some steam, according to reports on Thursday that signalled strength in the economy.... US assures Pakistan of continued assistance: Energy security LAHORE, July 5: USAID Regional Coordinator for South Asia Regional Initiative for Energy (SARI/Energy) Ms. Robyn McGuckin has said that the United States would continue supporting Pakistan in its endeavours to ensure energy security.... Islamic banking set to grow: Asia Pacific region SINGAPORE, July 5: Islamic banking and finance is likely to continue growing in the Asia Pacific region. The industry is set to develop its own identity separate from conventional banking as... Three SROs amended ISLAMABAD, July 5: The Federal Board of Revenue (FBR) has issued three notifications by amending earlier notifications to allow charging of sales tax on the basis of volume of cargo loaded on or discharged from the vessel.... Dollar gains LONDON, July 5: The dollar got a late boost on Thursday at the end of an event filled day from a stronger-than-expected report on the US service sector.The... Port Qasim KARACHI, July 5: Brisk shipping activity was witnessed at the port where four ships to load, unload containers, edible oil and diesel oil were allotted berths at QICT, MPT and Fotco oil terminal, respectively, during the last 24 hours.... Asian stocks mostly up HONG KONG, July 5: Asian stocks closed mostly higher on Thursday with investors extending the recent rally on upbeat sentiment for the region''s economies, however, Shanghai stood out by registering a stunning fall.... European stocks fall LONDON, July 5: Europe''s main stock markets mostly dropped on Thursday, overturning earlier gains before interest rate decisions from the Bank of England and European Central Bank.... Palm oil prices higher KUALA LUMPUR, July 5: alm oil is too expensive and prices will have to fall before demand for downstream products such as biodiesel will pick up, an influential industry analyst said on Thursday.... Karachi market rates KARACHI, July 5: The following were Thursday’s commodity market rates in rupees.... Company news KARACHI: LG Electronics announced that LG Chocolate phone, the first handset within the Black Label series has once again achieved outstanding results in global awards, the Sabre Award and the Webby... Conversion rates KARACHI: The following are July 6 State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer certificates, and special US dollar bonds....

Contributions Privacy Policy © DAWN Group of Newspapers, 2007