DAWN - Business; September 21, 2007

Low Graphics Site


September 21, 2007	Friday	Ramazan 08, 1428

President’s poll to end uncertainty, say traders KARACHI, Sept 20: Businessmen have expressed satisfaction over the announcement of schedule for presidential polls, saying it will end political unrest....		Pakistan dropped from FT global stock index KARACHI, Sept 20: Pakistan would find it difficult to get strong response for its planned GDRs after the country was dropped out from ‘developed’ status of the Financial Times Stock Exchange Indexes on Thursday, said experts....

Policy mix urged to cut current account gap ISLAMABAD, Sept 20: The International Monetary Fund (IMF) has asked Pakistan to adopt a “very prudent” macroeconomic policies during the current financial year to lower external current account deficit and ‘associated vulnerabilities’....		Oil price rises above $82 LONDON, Sept 20: The price of New York oil rose on Thursday, heading towards a new record high point above $82 dollars amid tight energy supplies in the United States, the world’s biggest consumer of energy....

FTAs a test for US Congress WASHINGTON, Sept 20: President George W. Bush urged Congress on Thursday not to give into protectionism and instead pass four pending free trade agreements with Peru, Colombia, Panama and South Korea....		Businesswomen get large export orders in India KARACHI, Sept 20: Members of Sindh Women Chamber of Commerce and Industry (SWCCI) have received large orders for export of silver jewellery, embroidery work and printed fabrics from India....

Presidential poll date triggers profit-selling KARACHI, Sept 20: Stocks on Thursday failed to extend the last two sessions upward drive and ran into profit-selling at the higher levels triggered by reports of fixation presidential election on...		Finance package for women entrepreneurs urged ISLAMABAD, Sept 20: The government should work out a comprehensive financial package to encourage female entrepreneurs to establish sustainable enterprises, suggest a research study....

Rs280.3bn revenue target for next quarter ISLAMABAD, Sept 20: The tax authorities have set a target of Rs280.3 billion revenue collection for the second quarter (October-December) to achieve Rs1,025 billion target projected for the current fiscal year....		LPG prices raised again LAHORE, Sept 20: The liquefied petroleum gas marketing companies on Thursday again raised prices by Rs2 per kg....

Reserves KARACHI, Sept 20: Pakistan’s total liquid foreign exchange reserves surged to record $16,090.7 million mark this week....		KSE MD KARACHI, Sept 20: Adnan Afridi has been appointed as the managing director of the Karachi Stock Exchange, after the approval by the SECP. He is expected to take the charge of...

Buyers remain active on cotton market KARACHI, Sept 20: Brisk trading activity was witnessed on the cotton market on Thursday as spinners and mills lifted all the lots offered for sale by the ginners at the prevailing prices....		Karachi Port operations KARACHI, Sept 20: Five ships carrying steel coils, crude and base oils are due to arrive at the outer anchorage on Friday, according to KPT sources....

Port Qasim KARACHI, Sept 20: Four ships carrying containers, rapeseeds, chemicals and LPG were accommodated berths during the last 24 hours, said a PQA press release on Thursday....		Euro’s record high against dollar LONDON, Sept 20: The euro closed in on $1.41 on Thursday, smashing previous record highs for the European currency, as traders speculated about the chances of further cuts in US interest rates....

China to send more farmers to Africa BEIJING, Sept 20: China is preparing to send more farmers to Africa as rural labourers find it increasingly difficult to find jobs in the nation’s urban centres, state press reported....		Nominee for WTO body ISLAMABAD, Sept 20: Pakistan has nominated Professor Asif H. Qureshi to fill one of four upcoming vacancies on the World Trade Organisation’s Appellate body....

UK retail sales LONDON, Sept 20: Retail sales in Britain rose strongly in August, helped by strong sales of food, official data showed on Thursday. Retail sales rose by 0.6...		Asian stocks close higher HONG KONG, Sept 20: Asian stocks closed higher on Thursday with investors extending a rally sparked after the United States Federal Reserve slashed interest rates earlier in the week....

PSQCA being reorganised KARACHI, Sept 20: The Pakistan Standards and Quality Control Authority (PSQCA) is being reconstituted and reorganised....		Palm oil prices KUALA LUMPUR, Sept 20: Malaysian crude palm oil futures were mostly unmoved on Thursday with the market divided between surging export numbers from cargo surveyors and fears of rising supplies....