Low Graphics Site

July 28, 2007 Saturday Rajab 12, 1428 Food inflation soars to 10.3pc ISLAMABAD, July 27: The food inflation geared to 10.3 per cent during 2006-07 as against 6.9 per cent in the previous year owing to persistent increase in price of essential kitchen... Customs delay issuance of rebate cheques KARACHI, July 27: In the absence of signing authority Model Customs Collectorate (MCC) is unable to issue cheques of big amounts for payment of duty drawback and rebate thereby causing liquidity problem for exporters....   Urea supply to exceed demand in Kharif LAHORE, July 27: The supply of urea, a major nitrogenous fertiliser, during Kahrif is said to exceed demand as about 2.969 million tons of the nutrient will be available against an estimated demand of over 2.422... Sindh property fee revenue plunges in ’07-06 KARACHI, July 27: The Sindh government lost Rs360 million in revenue during the 2006-07 as the registration of property sale deeds plunged by 10,649 over the previous year.... Profit-selling clips overnight gains KARACHI, July 27: Stocks on Friday ran into weekend profit-selling but larger fall was averted and only extreme gains were clipped thanks to presence of active support at the dips.... Pakistan eying greater market access for textile ISLAMABAD, July 27: Pakistan is eying greater market access for textile and clothing exports under the proposed modalities of the Non-agriculture Market Access (NAMA), besides providing shelter to the sensitive local... Four Atlas funds declare dividends KARACHI, July 27: The Board of Directors of Atlas Asset Management Limited (AAML), an Atlas Group Company, on Friday approved the financial results for the year ended June 30, 2007 and... US economic growth jumps to 3.4 per cent WASHINGTON, July 27: The US economy accelerated to a 3.4 per cent growth rate in the second quarter, the government said on Friday, but analysts said the pace may not be sustained over the rest of the year.... Pulses containers held up at port: Ban on export KARACHI, July 27: The government’s decision to ban pulses’ export has resulted in held up of 80-100 containers at the port, which may cause a loss of Rs100-120 million in terms of foreign exchange earnings.... Oil prices rise on US economic jitters LONDON, July 27: Oil prices rebounded on Friday from a fall provoked by fears that demand for energy could decline as strains in the US economy spread around the world, dealers said.... WTO members close to deal GENEVA, July 27: Negotiators working to agree on a new global deal to reduce trade barriers are moving closer to an overall accord, WTO Director General Pascal Lamy said here on Friday.... Gas talks ASHGABAT, July 27: Turkmenistan''s energy minister, Tachberdy Tagyiev, will travel to China on Sunday to finalise the details of a big gas deal, the official Neitralny Turkmenistan daily reported on Friday.... FPCCI team resolves tax matters with FBR ISLAMABAD, July 27: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has asked the Federal Board of Revenue (FBR) to remove the irritants caused by changes introduced in the budget.... Cotton prices hit new seasonal peak KARACHI, July 27: Cotton prices on Friday rose to a new seasonal peak level of Rs3,200 per maund as a leading textile group was said to be after each ready lot irrespective of the asking prices.... US House passes farm bill WASHINGTON, July 27: The US House of Representatives on Friday passed a massive farm bill packed with consequences for global trade, despite a veto threat from President George W. Bush.... Karachi Port operations KARACHI, July 27: Seven ships carrying soyabean oil, containers and to load cement are due to arrive at the outer anchorage on Saturday, according to KPT sources.... Terms for foreign firms equity input in insurance ISLAMABAD, July 27: The ministry of commerce has notified conditions for allowing 100 per cent equity participation to foreign companies to undertake life, non-life insurance business in Pakistan.... Free trade study DENPASAR, July 27: Australia and Indonesia have agreed to launch a feasibility study on a free trade pact, their leaders said on Friday after meeting on the Indonesian resort island of Bali.... Airbus, Boeing ready for talks on subsidy GENEVA, July 27: Airbus and Boeing, the world’s two largest plane makers, said on Friday they were prepared for talks between themselves on subsidy disputes filed before the WTO more than two years ago.... Asian stocks close lower HONG KONG, July 27: Asian stocks closed sharply lower on Friday, hit badly in a global sell-off sparked by heavy Wall Street losses on concerns growing problems in the US housing sector could spark a credit crunch, dealers said.... Malaysian palm oil up KUALA LUMPUR, July 27: Malaysian crude palm oil futures rose 0.6 per cent on Friday as the ringgit continued to weaken and soaring crude oil prices supported the market.... European shares rebound LONDON, July 27: European stock markets clawed back some ground on Friday, as investors paused following recent sharp losses across global equities linked to fresh economic woes in the United States, dealers said.... Karachi market rates KARACHI, July 27: The following were Friday’s commodity market rates in rupees.... Dollar gains LONDON, July 27: The dollar gained on the euro here on Friday, as investors turned to the greenback as a safe haven amid fears of a looming financial credit crunch.... Company news KARACHI: Deutsche Bank has been awarded Best Cash Management House Asia and Best Debt House Asia by respected capital markets publication, Euromoney, says a press release.... Conversion rates KARACHI: The following are July 28 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