Panaflex banners in hot demand
KARACHI, Feb 13: Panaflex banners and hoardings of various sizes have virtually captured 70 to 80 per cent share of printing business as the election campaign is nearing its peak....
SECP defends listing of audit firms
ISLAMABAD, Feb 13: The Securities and Exchange Commission of Pakistan (SECP) said on Wednesday that its move to list firms for auditing of companies in different sectors was not designed to...
Stocks extend overnight gains
KARACHI, Feb 13: Stocks on Wednesday extended the overnight gains but failed to sustain the early run-up on late selling despite the fact that dividend announcements by some of the leading...
Clarification
LAHORE, Feb 13: The Sui Northern Gas Pipelines Limited has clarified a report regarding gas supply appeared in Dawn on February 12....
State Bank Increases T-bill rates
KARACHI, Feb 13: The State Bank increased on Wednesday the cut-off yield on Treasury bills, which was the first raise after the increase in discount rate....
Five firms announce financial results
KARACHI, Feb 13: Five companies — Hub Power Company, Karachi Electric Supply Corporation, Shell, Unilever Pakistan and JS Global — announced on Wednesday their financial results for the six months ended on December 31, 2007....
Replacing ageing gas system to save $580m
RAWALPINDI, Feb 13: While the shortage of gas is felt across the country, a new report of Asian Development Bank says Pakistan’s gas distribution system is ageing and is suffering from...
Power outage time for textile mills cut
LAHORE, Feb 13: The Pakistan Power Electric Power Company (Pepco) on Wednesday cut load-shedding time for textile mills from three to two hours, provided the mills make a mandatory saving of 15 per cent on their sanctioned load....
CSF report on Pakistan shortly
KARACHI, 13 Feb: The Competitive Support Fund (CSF) informed the participants of a roundtable on Wednesday that the State of Pakistan’s Competitiveness Report will be an important policy tool for economic...
Cotton prices fall further by Rs25 a maund
KARACHI, Feb 13: Cotton prices fell further on Wednesday by Rs25 per maund as some ginners holding stray lots remained sellers, but there was no matching buying support from spinners....
Karachi Port operations
KARACHI, Feb 13: Seven ships including a carrier with 950 cars is due to arrive at the outer anchorage on Thursday, according to KPT sources....
Palm oil lower
KUALA LUMPUR, Feb 13: Malaysian crude palm oil futures fell on Wednesday as rising production figures by an official crop agency sparked worries of a supply build-up and rival soyaoil weakened in Asian trade, dealers said....
Nominated
KARACHI, Feb 12: Bilal Sufi, a senior leader of flour milling industry, has been nominated president of the standing committee on flour mills and wheat trade in the Federation of Pakistan Chambers of Commerce and Industry, says a press release....
Company news
KARACHI, Feb 13: Nokia President and CEO Olli-Pekka Kallasvuo unveiled a new line up of converged devices and services at the mobile world congress combining the benefits and opportunities of the internet, says a press release....
Asian shares close mostly higher
HONG KONG, Feb 13: Asian shares closed mostly higher on Wednesday helped by billionaire Warren Buffett’s offer to do a deal with three key troubled US bond insurers hard hit by a financial crisis....
Karachi market rates
KARACHI, Feb 13: The following were Wednesday’s commodity market rates in rupees....