Grace period for utilising industrial plots offered
KARACHI, Oct 6: The Sindh government has decided to give more time to owners of 350 industrial plots in small industrial estates of the province who were issued notices for cancellation of allotments on charges of non-utilisation, sources revealed on Saturday....
Prices of 18 kitchen items go up
ISLAMABAD, Oct 6: Prices of 18 essential kitchen items, including tomatoes, registered a substantial increase during the week ended on Oct 5, over the previous week, statistics division said on Saturday....
Investment under CFS rises by 8pc
KARACHI, Oct 6: The CFS investment on the Karachi Stock Exchange last week recorded a fresh increase of eight per cent as demand for funds showed a substantial rise in a bull market....
Reverse remittances increase by 49pc
KARACHI, Oct 6: First two months of the new fiscal witnessed the much accelerated pace of reverse remittances in the form of profits and dividends which the companies in Pakistan are paying to their investors or shareholders living abroad....
Minfal notifies sugar standard
ISLAMABAD, Oct 6: The government on Saturday indirectly acknowledged that till now it had no standard fixed for quality of sugar in the country as the ministry of agriculture has now...
Steady rise in livestock population
ISLAMABAD, Oct 6: Livestock population has been steadily increasing in the country, thereby multiplying its share in national economy as against last couple of years, sources in the Ministry of Food, Agriculture and Livestock (Minfal) said here on Saturday....
UBS admits it misjudged credit crisis
ZURICH, Oct 6: The head of UBS publicly admitted on Saturday that the giant Swiss bank had underestimated the crisis in the US subprime home loans credit market, and that several top executives paid for that mistake with their jobs....
BD garment exports fall sharply
DHAKA, Oct 6: Bangladesh’s garment exports were down nearly a quarter in July as political turmoil and labour unrest wreaked havoc on the sector, which is crucial to the impoverished nation’s economy, data showed....
Rs5bn credit facility for dairy sector
ISLAMABAD, Oct 6: The Zarai Taraqiati Bank Limited (ZTBL) has devised a plan to provide Rs5 billion credit facility to dairy farmers for dairy sector development with an aim to bring about white revolution in the country....
Vietnam car sales up
HANOI, Oct 6: Vietnamese car sales have rocketed 83 per cent in the first nine months of the year, manufacturers said on Saturday....
Oil contracts
QUITO (Ecuador), Oct 6: Ecuador’s government on Friday offered to rework the contracts of foreign oil companies that object to a decree that sharply reduces their share of windfall oil revenues....
Wheat prices rise again due to delay in imports
MULTAN, Oct 6: After a strong countrywide protest over the shortage and high prices of wheat and wheat flour the prime minister announced on September 15 to import one million tons wheat to meet the wheat crisis....
Rice exporters facing problems
KARACHI, Oct 6: As export season has set in, rice exporters have started facing problems due to restricted timing of trucks movement....
Auto production
TOKYO, Oct 6: Japanese automaker Mitsubishi Motors plans to expand production capacity in Japan by 10 per cent to meet strong demand for exports, a report said on Saturday....
Brisk trading on cotton market
KARACHI, Oct 6: Cotton market on Saturday resisted fresh decline as spinners and mills remained active buyers at the prevailing rates amid a briskly traded weekend session....
Two Koreas discuss oil exploration at summit
SEOUL, Oct 6: The two Koreas talked of possible joint oil field development in the North during their summit and may discuss it further in a new economic cooperation committee, local media on Saturday quoted South Korea’s finance minister as saying.Talks...
Karachi Port operations
KARACHI, Oct 6: Four ships carrying containers and to load ethanol are due arrive at the outer anchorage on Sunday, according to KPT sources....
Port Qasim
KARACHI, Oct 6: Three ships carrying containers, diesel oil and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Saturday....
N. Korea told to carry out serious reforms
SEOUL, Oct 6: North Korea must carry out serious reforms to become a viable investment destination for Europe, a top European Union official said on Saturday....
China sees tide turning in product safety
BEIJING, Oct 6: China’s crackdown on unsafe goods and food was showing results and international opinion over the problem was shifting in the nation’s favour, a senior official said, while noting that enforcement remained “uneven”....
Oil prices slide further from record high
LONDON, Oct 6: World oil prices fell further from historic highs this week amid news of rising crude reserves in the United States, which is the biggest global energy consumer....
WB to invest in bonds
WASHINGTON, Oct 6: The World Bank will start a $5 billion fund to invest in local-currency denominated bonds in poor nations....
Dollar rally fizzles
NEW YORK, Oct 6: A spirited rally by the dollar on the heels of a strong report on US job creation in September ran out of steam on Friday as the...
US job growth
WASHINGTON, Oct 6: The US economy generated 110,00 jobs in September, according to a report on Friday that eased fears of a recession and also wiped out through a revision last month’s estimated job losses....