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| July 13, 2008 | Sunday | Rajab 9, 1429 |
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Prices of 32 items up 5pc in a week
ISLAMABAD, July 12: Prices of 32 essential kitchen items witnessed an average increase of five per cent during the week ending on July 11 over previous week, the Statistics Division said on Saturday.... 
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Container handling charges increased
KARACHI, July 12: Terminal operators and shipping lines have increased service charges with immediate effect....
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CFS rates stay firm despite slow demand
KARACHI, July 12: The CFS investment on the Karachi Stock Exchange last week suffered a modest fall of 1.64 per cent or Rs503 million at Rs30.2...
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PCB cheque for Rs2m excise duty bounces
KARACHI, July 12: A cheque for Rs2 million excise duty issued for three Asian Cup matches by the Pakistan Cricket Board in favour of excise and taxation department bounced on “non-sufficient account” recently....
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Businessmen set up 5-man body for talks with govt
KARACHI, July 12: The local businessmen on Saturday formed a five-member committee at their representative meeting in the Karachi Chamber of Commerce and Industry to engage the government in negotiations on...
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Bush urges more oil exploration
WASHINGTON, July 12: Faced with skyrocketing gasoline prices, US President George W. Bush called on Saturday for more oil exploration in US territory and blamed Democratic-controlled Congress for lack of action on the issue....
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Issue of access to energy riches back in headlines
RIYADH, July 12: With crude touching the $147 mark, the issue of access to the energy riches of the oil-rich states is back in headlines. At the World Petroleum Congress in...
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USC jacks up flour price by Rs50
KARACHI, July 12: The Utility Stores Corporation (USC) increased on Saturday the rate of 10 kg flour bag (No 2.5) to Rs200 from Rs150....
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FPCCI flays Cotton export to India
KARACHI, July 12: The Federation of Pakistan Chambers of Commerce and Industry has strongly reacted to the reports about allowing cotton export to India....
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Rs500bn revenue gap still persists: FBR chief
ISLAMABAD, July 12: Federal Board of Revenue Chairman M Abdullah Yousuf said on Saturday that though the tax machinery raised more than Rs1 trillion revenue in the outgoing fiscal year (2007-08), there was still a gap of Rs400 to Rs500 billion....
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$15m export loss likely as US firm files bankruptcy
KARACHI, July 12: A leading importer of readymade garments from Pakistan has filed chapter 11 in the US court for bankruptcy thereby threatening remittances of millions of dollars against shipments made by many exporters....
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UBL funds announces dividend
KARACHI, July 12: UBL Fund Managers announced payout of Rs2,447.57 million for the year ended June 30, including interim payout during the year, for all its open-end funds....
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German fair
KARACHI, July 12: Pakistani exporters at Tendence-2008 fair, Frankfurt, booked orders worth about $100 million....
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Treasury bills
KARACHI, July 12: The State Bank of Pakistan sold Rs8 billion of Treasury bills on Saturday under 5-day repo contracts at 9.95 per cent to mop up funds from the money market.—Reuters...
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Cotton market remains firm on active buying
KARACHI, July 12: Cotton market on Saturday maintained a firm outlook thanks to active covering purchases by the spinners and mills at the inflated rate of Rs4,000 per maund followed by...
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Iran confirms Total’s withdrawal
TEHRAN, July 12: Iran’s oil minister confirmed on Saturday that French energy giant Total has dropped out of a multi-billion-dollar gas investment in the Islamic republic, the state broadcaster reported....
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Melting Fannie, Freddie onset of US woes
WASHINGTON, July 12: As panicked investors pushed US mortgage finance giants Fannie Mae and Freddie Mac to the brink, debate swirled on whether the meltdown was a crisis of confidence or the onset of wider economic woes....
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Karachi Port operations
KARACHI, July 12: Six vessels carrying containers, coal and general cargo are due to arrive at the outer anchorage on Sunday, according to KPT sources....
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Port Qasim
KARACHI, July 12: Four ships carrying containers, coal, steel billet and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Saturday.Meanwhile,...
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BD to award blocks for oil exploration
DHAKA, July 12: Bangladesh is expected to award US company ConocoPhillips eight offshore blocks to explore for oil and gas in the hydrocarbon rich Bay of Bengal, an official said on Saturday....
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Carpet expo
LAHORE, July 12: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) will hold an international carpet exhibition from Aug 28 to 31 in Lahore. Prime Minister Syed Yousaf Raza Gillani is likely to inaugurate....
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India’s industrial output slows
MUMBAI, July 12: India’s industrial production slowed sharply in May to its slowest pace in six years, hit by rising inflation, high input costs and monetary tightening, official figures showed....
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Oil hits new high, metals shine
LONDON, July 12: Oil prices zoomed to a record $147.50 this week and aluminium hit all time highs as many commodities were boosted by supply worries, growing tensions over Iran and the weak US currency....
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India’s diamond traders dream big
MUMBAI, July 12: The ambitions of Mumbai’s diamond traders are grand, even if their offices are not....
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New York cotton futures steady
NEW YORK, July 12: Cotton futures settled steady Friday on late investment short-covering and trade buying as the market rebounded strongly following a sell-off midway through the session, brokers said....
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