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| June 03, 2008 | Tuesday | Jamadi-ul-Awwal 28, 1429 |
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Italy backs Pakistan for FTA with EU
ISLAMABAD, June 2: Italian Minister of State for Finance and Economic Affairs Giuseppe Vegas said here on Monday that his country supports Pakistan’s case for a Free Trade Agreement (FTA) with the European Union (EU).... 
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Jet fuel price raised by Rs17
ISLAMABAD, June 2: The government has increased the rates of three kinds of jet fuels substantially raising the budgets of civil and military aviations....
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Euro 7.75m loan for SMEs
ISLAMABAD, June 2: Italy will provide an interest-free loan of euro 7.75 million for development of small and medium enterprises (SMEs)....
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UPS demand causes batteries shortage
KARACHI, June 2: Surging demand of uninterrupted power supply (UPS) units in the Punjab has caused a shortage of batteries in Karachi where dealers are said to be selling them at a premium of Rs1000-2000 over and above the listed price....
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R&D support for textile sector may be extended
KARACHI, June 2: The research and development support given to textile sector is likely to be extended for another year in the new budget. However, it would be linked with the...
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SME Bank gets attractive bids for takeover
ISLAMABAD, June 2: The Privatisation Commission has received expressions of interest (EoIs) from reputed Pakistani and international parties, which have expressed interest in acquiring 93.88 per cent strategic shareholding in SME Bank Limited along with transfer of management control....
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Chinese firm interested in bus making
ISLAMABAD, June 2: A three-member Chinese delegation from King Long Automotive Industry (KLAI) visited investment Division and Board of Investment (ID&BoI) here on Monday to explore ways for Completely Knock-Down (CKD) bus manufacturing in the country....
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Oil prices fall
LONDON, June 2: Oil prices weakened on Monday, extending last week’s steep falls owing to concerns about lower global energy demand, traders said....
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FBR may miss Rs990bn target
ISLAMABAD, June 2: The Federal Board of Revenue (FBR) collected Rs849.563 billion during the first 11 months (July-May) of 2007-08 raising fears of missing the Rs990 billion target....
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MoU for turbine signed
KARACHI, June 2: Planet Energy (Pvt) Limited Pakistan has signed an MoU with Chinese firm Goldwind Science and Technology, one of the world’s top turbine manufacturers, to purchase turbines for its...
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HBFC body to review loan default cases
ISLAMABAD, June 2: The House Building Finance Corporation has constituted a committee to review cases of about 46,000 defaulters who owe the HBFC Rs380 million and whose houses might be auctioned by if they failed to pay their dues....
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Rupee weaker
KARACHI, June 2: The rupee eased on Monday due to high dollar demand from importers but dealers said it should stabilise on expectations of fresh inflows of foreign currency in the short term....
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KSE index recovers 150 points
KARACHI, June 2: The share market on Monday resumed trading on a higher note as investors covered positions on the banking, cement and oil counters aided partly by the market talk...
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Karachi Port operations
KARACHI June 2: Three ships carrying containers and steel cargo are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, June 2: Two ships scheduled to load/offload containers and edible oil were berthed during the last 24 hours, said a PQA press release on Monday....
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Cotton market resumes trading on dull note
KARACHI, June 2: Trading on the cotton market resumed on a dull note on Monday as spinners and mills remained conspicuous by their absence apparently awaiting decline in prices in line with the international markets....
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NAMA progress sans compromise not possible
GENEVA, June 2: The WTO’s chief negotiator on freeing up access for industrial products said on Monday he sees no point in further talks until member states are ready to compromise over tariffs and other key sticking points....
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Project to evolve Bt cotton seeds
MULTAN, June 2: A local business group comprising Pakistani and Chinese scientists has launched a research project to evolve a hybrid Bt cotton variety....
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Airlines to lose $2.3bn this year
ISTANBUL, June 2: IATA said on Monday its member airlines faced losses of $2.3 billion this year due to soaring fuel costs, dramatically reversing a forecast of profits nearly twice that figure....
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T-bill auction
KARACHI, June 2: The State Bank of Pakistan said on Monday it would auction Rs65 billion worth of 3-, 6-, and 12-month Treasury bills this week....
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Gold rebounds
LONDON, June 2: Gold prices climbed on Monday as investors took advantage of a slight fall in the dollar to snap up the metal, but weaker oil prices capped gains....
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Asian stocks close mixed
HONG KONG, June 2: Asian stocks closed mixed on Monday as concerns that high inflation would slow economic growth tarnished a spate of data showing stronger than expected regional expansion in the first quarter....
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Palm oil futures edge up
KUALA LUMPUR, June 2: Malaysian crude palm oil futures rose inched higher on Monday as investors hesitated between betting on the overnight strength in US soyaoil markets and selling on slower export demand....
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Karachi market rates
KARACHI, June 2: The following were Monday commodity market rates in rupees....
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