Low Graphics Site

July 15, 2007 Sunday Jamadi-us-Sani 29, 1428 Thar coal mining company set up KARACHI, July 14: The federal government has set up a new Thar coal mining company to make use of vast reserves for power generation. The federal government will bear 80... Industrial estate to be set up on PS land ISLAMABAD, July 14: The establishment of a state-of-the-art industrial estate at Pakistan Steel''s downstream industrial area will go a long way in economic development of Pakistan and, especially of Karachi whose residents will be its major beneficiaries....   Pakistan urged to improve investment climate ISLAMABAD, July 14: The World Bank has asked Pakistan to improve the investment climate by removing excessive red-tapism and too much government intervention with the market mechanism.... Onion, tomato prices fall as supply improves KARACHI, July 14: The supply of vegetables in the wholesale market from various parts of the country, which had nosedived 15 days back because of heavy rains and poor condition of... FPCCI urges steps to contain trade gap: Trade policy proposals KARACHI, July 14: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has asked the government to go for import substitution in the next Trade Policy due in coming week... Dollar shows no change despite SBP decision: Oil payments KARACHI, July 14: The SBP decision of shifting 30pc (around $2.3bn) oil import bill payment to the private sector did not generate much activity in the inter-bank market on Saturday as the dollar remained stable in the absence of massive demand.... Customs duty target falls by 9pc to Rs94.2bn KARACHI, July 14: The Federal Board of Revenue (FBR) has failed to meet revenue target fixed for customs duty during the fiscal year ended June 30, 2007.... Spinners plan protest rally LAHORE, July 14: Textile spinners have decided to take out a protest rally from Lahore to Islamabad on July 23 if their demands are not met.... SECP board discusses promotion rules ISLAMABAD, July 14: The employees of the Securities and Exchange Commission of Pakistan (SECP) have informed the policy board that nepotism and violation of promotion rules have resulted in constant deterioration in performance of the commission.... Trade policy on 18th LAHORE, July 14: The country’s trade policy for 2007-08 will be announced by commerce minister Humayun Akhtar Khan on Wednesday (July 18).... CFS rates record modest decline KARACHI, July 14: The CFS rates on the Karachi Stock Exchange last week dropped to 11.5 per cent from the previous 12 per cent amid low demand for funds as leading investors kept to the sidelines on external negative reasons.... KPT gets new dredger KARACHI, July 14: The Karachi Port Trust (KPT) has acquired a new trailer suction hopper dredger – ABUL – whose launching was performed by Mrs Bina Babar Ghauri, wife of minister for ports and shipping.... Yen for oil TOKYO, July 14: Iran has asked Japanese refiners to pay in yen currency for all crude oil purchases in an apparent attempt to reduce the Middle Eastern country''s US dollar holdings, a news report said on Saturday.... Lint prices stay firm on tight supplies KARACHI, July 14: Cotton market on Saturday maintained bullish outlook as ginners remained in a commanding position and continued to cash in on the lower ready supplies of the new crop.... Ahmadinejad criticised for ‘inexpert’ policies TEHRAN, July 14: Over 50 Iranian economists bluntly told President Mahmoud Ahmadinejad in a face-to-face meeting this week his economic policies were “inexpert” and lacked “any basis in science”, the press reported on Saturday.... Karachi Port operations KARACHI, July 14: Eight ships carrying DAP fertiliser, rock phosphate and containers are due to arrive at the outer anchorage on Sunday, according to KPT sources.... Port Qasim KARACHI, July 14: Berthing activity was slow as only two container ships were accommodated berths at the QICT during the last 24 hours, said a PQA press release on Saturday.... Al-Barka to open eight more branches LAHORE, July 14: The Bahrain based Al-Barka Islamic Bank will open eight more branches in Pakistan by the end of this year, bringing the total to 20.... Iran to sell shares in 17 energy companies TEHRAN, July 14: Iran plans to sell shares of 17 energy-related firms on the country’s stock exchange, an Iranian official was quoted as saying on Saturday, part of a long-running effort to sell off state assets.... Loan pact ALGIERS, July 14: Mizuho Financial Group signed a $96.35 million loan agreement with an Algerian-Japanese joint venture to finance the construction of a crude oil tanker, an Algerian government-run newspaper said on Saturday.... Poultry rates KARACHI, July 14: The following are Sunday’s poultry market rates:... Brent oil price spikes close to record $78 LONDON, July 14: World oil prices surged this week as speculators rushed into the market amid tight American fuel supplies, driving London''s Brent crude within grasp of a new record high.... Cotton prices rising before correction NEW YORK, July 14: Cotton experts expect US futures prices to extend their recent run to multiyear highs, but a variety of factors, from supply overhang to sketchy data from China,... WB panel probing West Africa gas pipeline WASHINGTON, July 14: A World Bank panel is probing possible violations of bank procedures around its funding for the West African Gas Pipeline operated by Chevron Corp.... Dollar falls as US retail sales tumble NEW YORK, July 14: The dollar lost value against other world currencies on Friday after a government report revealed a surprise decline in US retail sales last month.... Conversion rates KARACHI: The following are July 16 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