Low Graphics Site

February 01, 2008 Friday Muharram 22, 1429 Pakistan, Sri Lanka to expand FTA scope ISLAMABAD, Jan 31: Pakistan and Sri Lanka on Thursday agreed to strengthen their ties and increase the volume of bilateral trade to $1 billion by expanding the scope of Free Trade Agreement (FTA).... Reserve limit raised to check inflation KARACHI, Jan 31: The increase in Cash Reserve Requirement (CRR) by the State Bank of Pakistan would suck up over Rs28 billion from the banking system....   Sugar export resumes after five years SINGAPORE, Jan 31: Pakistan has sealed a deal to sell white sugar to Sri Lanka. The country, which has been importing sugar in recent years, has struck its first export sale... Ration scheme details awaited KARACHI, Jan 31: Although more than a week has elapsed that the government announced its decision to re-introduce food rationing system in Pakistan after it was abolished exactly 20 years ago... Dairy project KARACHI, Jan 31: Engro Foods Limited announced on Thursday an investment of over Rs3.4bn to set up a dairy farm, an ice cream venture and expansion of the current portfolio.... Bourse dislikes discount rate hike KARACHI, Jan 31: Market participants at the Karachi Stock Exchange reacted sullenly at the discount rate hike by the State Bank of Pakistan on Thursday, though most of them admitted that... Govt urged to reduce cost of doing business KARACHI, Jan 31: Business leaders have urged the government to reduce the export refinance and mark-up rates and utilities charges, which could help bring cost of doing business at part with regional countries.... FBR may revise revenue target ISLAMABAD, Jan 31: The Federal Board of Revenue (FBR) has decided to review its revenue collection position early next month following a massive shortfall experienced during the first six months of 2007-08.... Collection dips by Rs29.8bn ISLAMABAD, Jan 31: Revenue collection dipped by Rs29.8 billion during the first seven months of the current fiscal year as it stood at Rs509.7 billion against the downward revised target of Rs539.5... Zarai Bank to disburse Rs65bn this year ISLAMABAD, Jan 31: The Zarai Taraqqiati Bank Ltd (ZTBL) is working to expand its outreach by disbursing Rs65 billion this year.... Dollar gains LONDON, Jan 31: The dollar gained on the euro on Thursday, recovering ground after more weak US economic data and another substantial cut in US interest rates, dealers said.... Stocks gain 27 points on higher dividends KARACHI, Jan 31: The Karachi share market on Thursday turned in an improved performance followed by stray short-covering purchases in some of the leading base shares aided by higher dividend announcements... ‘Restrictive trade practice’ ISLAMABAD, Jan 31: The Competition Commission of Pakistan (CCP) on Thursday gave a one-month deadline to the mobile service provider, Mobilink, to clarify through a reply how its Blackberry service was not a restrictive trade practice.... Karachi Port operation KARACHI, Jan 31: Four ships carrying containers are due to arrive at the outer anchorage on Friday, according to KPT sources.... Port Qasim KARACHI, Jan 31: Four ships carrying containers, general cargo and furnace oil were accommodated berths during the last 24 hours, said a PQA press release on Thursday.... Listless trading on cotton market KARACHI, Jan 31: Trading on the cotton market on Thursday remained insipid as spinners and mills kept to the sidelines most of the time and did not make fresh buying offers.... Energy crisis hits tanners KARACHI, Jan 31: Pakistan Tanners Association (PTA) has expressed concern over prevalent power and gas crisis which are badly affecting production activities at the tanneries.... Company news KARACHI, Jan 31: The Board of Directors of BOC Pakistan on Wednesday approved an investment of Rs214 million for the installation of a 23 tons per day carbon dioxide plant at Port Qasim.... Malaysian palm oil rises KUALA LUMPUR, Jan 31: Malaysian crude palm oil futures ended mostly higher on Thursday as investors looked to square up positions ahead of the long holiday weekend, traders said.... Asian shares turn in mixed performance HONG KONG, Jan 31: Asian shares closed mixed on Thursday after another sharp US interest rate cut fuelled rallies in Japan and South Korea but failed to ignite major gains elsewhere as fears of a US recession intensified.... Karachi market rates KARACHI, Jan 31: The following were Thursday’s commodity market rates in rupees....

Contributions Privacy Policy © DAWN Group of Newspapers, 2008