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| September 02, 2007 | Sunday | Sha’aban 19, 1428 |
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Informal sector grows by 20pc
ISLAMABAD, Sept 1: Pakistan’s informal sector has grown at an unprecedented pace over the years and today 72.9 per cent of the non agriculture workforce is employed by this sector.... 
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Political buffoonery taking toll on the market
KARACHI, Sept 1: After three weeks of net losses which saw KSE-100 index plunging by 1,710 points--12 per cent--, the market this week recovered 161 points or 1.3...
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Essentials’ prices flare up ahead of Ramazan
KARACHI, Sept 1: With Ramazan only 12 days away consumers continue to receive price hike shocks in buying essential items mainly flour, chicken, pulses, vegetables, tetra milk....
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Crucial meeting to resolve sugar, cane price issue
ISLAMABAD, Sept 1: Sugar mill owners are set to press the government for reducing support price of sugarcane and delaying the crushing season, from October to late November or even December, in an important meeting to be held here on Tuesday....
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European group takes 25pc stakes in Atlas Bank
KARACHI, Sept 1: The Atlas Bank Limited has signed an agreement to sell 24.9 per cent shares of the bank to a large European banking group, Deutsche Investitions-und Entwicklungsgesellschaft mbH....
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Exporters of flour suffer huge losses
KARACHI, Sept 1: Wheat products in a huge quantity are lying at the port for want of loading as it was stopped abruptly following a government decision to ban wheat exports....
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Decision to form energy club causes alarm in West
RIYADH, Sept 1: The decision, to form an energy club by Shanghai Cooperation Organisation in August, which claims at least a fifth of the global known energy resources, was received with...
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Talks with Chinese on textile exports
BEIJING, Sept 1: A delegation of Pakistan Textile Exporters Association (PTEA), led by its chairman Zahid Aslam, held meetings in Shanghai with their Chinese counterparts for collaboration in the textile sector....
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Prices of 22 kitchen items increase
ISLAMABAD, Sept 1: Prices of 22 essential kitchen items, including onions, witnessed an upward trend during the week ending Aug 31 over previous week, according to statistics released by the Federal Bureau of Statistics (FBS) here on Saturday....
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Workshop on secured transactions
KARACHI, Sept 1: The State Bank of Pakistan, in collaboration with the International Securities Consultancy Limited (ISC), Hong Kong, organised a one-day awareness and consensus building workshop on “strengthening a secured transaction regime in Pakistan” at Karachi....
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Surcharge waived
ISLAMABAD, Sept 1: Federal Board of Revenue (FBR) has waived penal surcharge on goods not cleared for more than six months from warehouses....
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Cotton prices ease on phutti arrivals
KARACHI, Sept 1: Cotton prices on Saturday eased by Rs50 per maund as some of the ginners sold in haste their unsold stocks amid reports of steady arrivals of phutti into the ginneries....
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Mechanism for sales tax payment by steel units
ISLAMABAD, Sept 1: Federal Board of Revenue (FBR) has worked out a mechanism for payment of sales tax by steel melters and re-rolling mills operating on self-generation basis....
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ZTBL earns Rs1 billion pre-tax profit
ISLAMABAD, Sept 1: The Zari Taraqiati Bank (ZTBL) has earned pre-tax profit of over Rs1 billion in the second half of the financial year ended on June 30, 2007 showing an increase of Rs353million compared to the first half....
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US core inflation under control
WASHINGTON, Sept 1: Economic data showed inflation under control in July while U.S. factories were busier than forecast, portraying a resilient economy in little need of an interest rate cut....
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Talks resume on delayed $122.9bn merger
PARIS, Sept 1: Suez and Gaz de France resumed talks on Saturday to try to reach a deal on a delayed 90-billion-euro ($122.9 billion) merger, with an announcement possible on Monday....
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Indus Motor cars sale up by 19pc
Karachi, Sept 1: Sales of Indus Motor Company (IMC), makers of Toyota and Daihatsu vehicles, have increased to 50,557 units for the year ended June 30, 2007 as compared with 42,406...
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Commodities rally as US leaders move to calm markets
LONDON, Aep 1: Oil prices rebounded this week owing to falling US energy reserves and a recovery for global equities....
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NY cotton closes higher
NEW YORK, Sept 1: Cotton futures finished on Friday sharply higher for the second day in a row, as speculative players took heart from the implications of strong demand from the...
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Wall Street to focus on jobs report
NEW YORK, Sept 1: With renewed optimism of a Federal Reserve interest rate cut, Wall Street will begin a holiday-shortened week Tuesday with eyes turned toward a labour market report....
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