Low Graphics Site

July 19, 2007 Thursday Rajab 03, 1428 Trade policy touches only long-term issues: Mixed reaction KARACHI, July 18: Industrialists and businessmen offered a mixed reaction over the new trade policy 2007-08. Some termed the measures taken for the textile and spinning sectors as inadequate while others... New procedures for export of goods ISLAMABAD, July 18: The commerce ministry has issued new procedures for regulating and facilitating export of goods. These procedures were announced through the trade policy here on Wednesday....   Large trade deficit made exports expensive ISLAMABAD, July 18: Commerce Minister Humayun Akhtar Khan said on Wednesday large trade deficit recorded in the fiscal year 2006-07 owing to macro-policy focus on growth, fiscal deficit and debt, which made exports expensive and imports cheaper.... Fresh measures for import of goods ISLAMABAD, July 18: The trade policy announced on Wednesday outlines new measures for regulating import of certain commodities. According to the measures, a new provision has been included in the import... Stocks crash on security concerns KARACHI, July 18: The KSE 100-share index on Wednesday plunged by 394.10 points or 2.80 per cent at 13,669.84 points eroding Rs119bn from the market capital at Rs4,029bn on panic-selling originating... Pirated products have a billion rupee market KARACHI, July 18: Counterfeit and pirated products have a billion rupee market in Pakistan with the highest rate of 70 per cent piracy in books and 30 to 35 per cent... 47pc growth in IT collection ISLAMABAD, July 18: The income tax collection has recorded a growth of 47 per cent to Rs330 billion during the fiscal year 2006-07 as against Rs224.988... 100pc global prices to local crude, gas allowed: New petroleum policy ISLAMABAD, July 18: The new ‘Petroleum Exploration & Production Policy 2007’, which is expected to be approved by the Economic Coordination Committee (ECC) of the cabinet on Thursday, offers 100 per... Duty on vehicles fetches Rs6.9bn KARACHI, July 18: The customs realised Rs6.966 billion from duty on import of 30,702 vehicles during fiscal 2006-07 ended on June 30. The total value of these vehicles has been estimated at Rs13.251... Banks invest Rs52.869bn in T-bills KARACHI, July 18: The State Bank on Wednesday accepted bids well-beyond its pre-auction target of treasury bills and kept the cut-off yields unchanged giving no hint about its monetary policy due this month.... ‘Inflation still biggest risk to US economy’ WASHINGTON, July 18: The US economy is maintaining a “moderate” expansion pace despite a housing slump that will drag on growth into next year, Federal Reserve chairman Ben Bernanke said on Wednesday.... Bullish trend on cotton market KARACHI, July 18: Cotton prices on Wednesday maintained their bullish tone as official spot rates were revised upward by Rs25 per maund amid active trading.But in the ready section some of... Karachi Port operations KARACHI, July 18: Four ships carrying crude oil and containers are due to arrive at the outer anchorage on Thursday, according to KPT sources. Five ships, Jitra Bhum, APL Sokhna, Harmony... Port Qasim KARACHI, July 18: Berthing was slow as only two container ships were accommodated berths at the QICT during the last 24 hours, said a PQA press release on Wednesday.... Turkish plan to make it gas trading hub ANKARA/ISTANBUL, July 18: Turkey''s latest plans to carry Turkmen and Iranian gas via Iran and on to Europe will support the Nabucco project and strengthen Ankara''s hand in trying to turn Turkey into a gas trading hub for the region.... World airports see record passengers GENEVA, July 18: World international and domestic airports handled a record 4.4 billion passengers in 2006, an increase of 4.8 per cent from the previous year, the global airports organisation ACI reported on Wednesday.... PHMA values extension of R&D support LAHORE, July 18: The Pakistan Hosiery Manufacturers Association (PHMA) has appreciated the government decision to continue 6pc R&D support on export of garments for one more year.... Cargo handling KARACHI, July 18: The Karachi Port Trust handled 16,427,987 tons of dry cargo and 9,145,125 tons of liquid cargo during 2006-07, says a press release. The port also handled exports of... Euro gains LONDON, July 18: The euro struck another record high against the dollar on Wednesday. The euro climbed to an all-time high of $1.3833 at the start of European trading before falling back to $1.3811... Asian stocks lower HONG KONG, July 18: Asian stocks closed sharply lower on Wednesday after a tumble in Tokyo amid fears of a sharp correction in the United States due to disappointing earnings.... Malaysian palm oil rises KUALA LUMPUR, July 18: Malaysian crude palm oil futures edged higher on Wednesday as the rival soybean oil market bounced back from a two-day slide and players awaited an update on export data from cargo surveyors.... European stock markets tumble LONDON, July 18: European stock markets tumbled Wednesday on fears of a sell-off on Wall Street, but losses were capped by takeover activity in the tobacco and retail sectors, dealers said.... Gold higher LONDON, July 18: Gold hit a six-week high on Wednesday as the dollar tumbled to a record low against the euro, but dealers traded cautiously ahead of a testimony by US Federal Reserve Chairman Ben Bernanke.... Conversion rates KARACHI: The following are July 19 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