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| October 28, 2007 | Sunday | Shawwal 15, 1428 |
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Oil import bill up by 5.34pc in July-Sept
ISLAMABAD, Oct 27: The country’s import bill of petroleum crude increased by 5.34 per cent during the first quarter (July-September) period of the fiscal year 2007-08 to $1.018... 
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Delay in notification by default or design? : Competition Commission
ISLAMABAD, Oct 27: Three weeks after the promulgation of the Competition Ordinance by President Musharraf, the relevant ministry has yet to notify the setting up of the Competition Commission for regulating businesses across the country....
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Textiles record Marginal growth
ISLAMABAD, Oct 27: Subsidies worth billions of rupees to the textile sector have not been able to enhance the pace of growth, as textile sector recorded a negligible growth rate of 0.53...
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Opec may launch currency basket
CARACAS, Oct 27: Opec is likely to discuss creating a basket of currencies for oil pricing at its next summit due to the steady decline in the dollar, Venezuela’s Energy Minister Rafael Ramirez said on Friday....
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GCC undecided about monetary union timeframe
JEDDAH, Oct 27: Gulf Arab rulers will decide in December whether to delay monetary union among six oil producers that are divided over how to respond if more US interest rate cuts test currency pegs to the sliding dollar....
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ISE board Approves financial results
ISLAMABAD, Oct 27: The 18th annual general meeting (AGM) of the board of directors of the Islamabad Stock Exchange (ISE) on Saturday approved the annual accounts of the exchange and appointed auditors for the current year....
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Aptma seeks import of cotton via land routes
KARACHI, Oct 27: All Pakistan Textile Mills Association (Aptma) has called upon the government to allow import of medium staple cotton from all land routes including Wahga to meet the shortage...
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US tax-free debt may face risks from Merrill
NEW YORK, Oct 27: The US municipal bond market, a $2.5 trillion asset class with one of the world’s lowest default rates, is fretting over whether the downgrade of Merrill Lynch & Co Inc’s credit rating will do more damage....
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No hope of Doha deal in 2007
GENEVA, Oct 27: With few concrete results to show after two months of intense negotiations on the Doha round to liberalise trade, a basic deal looks increasingly unlikely by the end of the year, diplomats said on Friday....
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Companies shy to seek listing on bourses
KARACHI, Oct 27: The Securities and Exchange Commission of Pakistan (SECP) announced on Wednesday that the apex regulator had registered 1,135 companies during the quarter July-September 2007, which took the total...
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High oil prices shift world focus on alternatives
RIYADH, Oct 27: With crude whizzing past $92 a barrel, the global dependence on Middle East is coming under close scrutiny with emphasis on alternatives and the continued ability of Saudi...
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Vietnam’s trade deficit at $8.9bn
HANOI, Oct 27: Vietnam’s trade deficit has reached an estimated record level of $8.9 billion while authorities said it would take time to improve the situation....
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Malaysia favours strong ringgit
KUALA LUMPUR, Oct 27: Prime Minister Abdullah Ahmad Badawi on Saturday said Malaysia favours a steady rise in the value of the ringgit after it rose to its strongest position in nearly a decade against the US dollar....
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Precious metals, oil hit fresh peaks
LONDON, Oct 27: Crude oil prices rocketed towards $100 a barrel this week on supply worries linked to fraught tensions in key crude producers and falling energy stockpiles in the United States....
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