|
| August 29, 2007 | Wednesday | Sha’aban 15, 1428 |
|
Market has right reasons to rebound
KARACHI, Aug 28: Many (influential) market participants believe that having lost 15 per cent of their value since peak prices in March, shares at the Karachi Stock Exchange have all the right reasons to rebound.... 
|
|
Fresh price-hike in essentials likely
KARACHI, Aug 28: Consumers paying the year’s highest price of Rs190 per kg for poultry meat should prepare themselves for still harder times....
|
|
PM approves scheme for merger of units
KARACHI, Aug 28: Prime Minister Shaukat Aziz has approved a merger scheme for industrial units to create economies of scale and encourage capital formation....
|
|
Bank of Punjab profit jumps 48pc
KARACHI, Aug: 28: Bank of Punjab on Tuesday gave earnings surprise with a growth of 48 per cent, recorded as one of the highest on the banking sector....
|
|
|
||
|
Duty on export of flour via land route on the cards
ISLAMABAD, Aug 28: The government is likely to levy regulatory duty on export of flour (atta) and its by-products through land route to check prices of these commodities ahead of Ramazan....
|
|
Kasuri stresses role of trade diplomacy
KARACHI, Aug. 28: Foreign Minister Khurshid M. Kasuri has said the foreign policy of Pakistan with a focus on the role of economic diplomacy was need of the time.This...
|
|
||
|
Stocks recover 86 points on short-covering
KARACHI, Aug 28: Stocks on Tuesday showed an improved trend on strong selective buying on the banking and oil counters at the attractively lower levels but the broader market stayed weak in the absence of bargain hunters and speculative traders....
|
|
EC-funded project to help local exporters
ISLAMABAD, Aug 28: Ambassador of European Commission delegation to Pakistan Jan De Kok said here on Tuesday that EC-funded project would help Pakistani exporters reduce their cost of doing business....
|
|
|
||
|
India free trade deal by 2008: Asean expects
KUALA LUMPUR, Aug 28: The 10-nation Association of Southeast Asian Nations (Asean) expects to sign a free trade agreement with India by the middle of next year, the chief of the grouping said on Tuesday....
|
|
Oil prices slip
LONDON, Aug 28: Oil prices slid on Tuesday as falling world stock markets revived fears that slower economic growth could dampen demand for crude, traders said....
|
|
|
||
|
Sindh Excise recovers Rs818.79m
KARACHI, Aug 28: The Sindh Excise and Taxation Department begins the current fiscal year on a highly optimistic note as its actual recovery of various taxes in July 2007 exceeded by one per cent of the proportionate target....
|
|
Pact signed for 225MW power plant
ISLAMABAD, Aug 28: The Private Power and Infrastructure Board (PPIB) has signed implementation agreement with Atlas Power Limited (APL) for establishing a 225MW power plant....
|
|
|
||
|
Dollar gains
LONDON, Aug 28: The dollar gained ground against the euro on Tuesday as surveys showed that both German business sentiment and US consumer confidence had slipped this month....
|
|
Global farm talks to start from next week
JAKARTA, Aug 28: Talks on forging a new world trade deal will resume in Geneva next week with a push on agriculture, where there is already widespread agreement, Indonesia’s trade minister said on Tuesday....
|
|
|
||
|
Cotton prices maintain firm outlook
KARACHI, Aug 28: Cotton market on Tuesday maintained a firm trend amid brisk trading as spinners and mills remained active buyers at the current levels....
|
|
US firm invests $150m in India
BANGALORE, Aug 28: New York-based private equity giant Blackstone Group made its third investment in an Indian company in two months on Tuesday when it bought a stake worth $150 million in a construction firm....
|
|
|
||
|
Indian sugar exports cross 2m tons
NUSA DUA, Aug 28: Indian sugar exports have crossed two million tons in the crop year to Sept 30, well up on earlier forecasts, and could rise even further next year, a private trader said on Tuesday....
|
|
German IT firm to invest $1bn in India
BANGALORE, Aug 28: German software giant SAP said on Tuesday it was proceeding with plans to invest $1 billion by 2010 in India, where it doubled its corporate customers in just one year....
|
|
|
||
|
Ban on wheat flour export slammed
KARACHI, Aug 28: Chairman Pakistan Flour Mills Association (PFMA), Sindh Zone, Ansar Jawed has termed the ban on export of wheat flour and its bye-products through sea routes as an unjustified move against the Sindh province....
|
|
European stocks slide
LONDON, Aug 28: Europe’s main stock markets dropped in initial trading Tuesday on renewed worries about the weak US housing market which also caused Wall Street to fall overnight, dealers said....
|
|
|
||
|
Port Qasim
KARACHI, Aug 28: Four ships carrying containers and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Tuesday....
|
|
Karachi Port operations
KARACHI, Aug 28: Five vessels carrying containers, steel and coal are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
|
|
|
||
