BUSINESS
Conversion rates
KARACHI: The following are November 23, State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer
Sunday, 22 Nov, 2009
India scraps rice import tenders
NEW DELHI, Nov 21: India has scrapped tenders to import rice, saying it has enough stocks to manage despite a harvest shortfall following the worst monsoon in
Sunday, 22 Nov, 2009
Sharp increase in external liabilities
By Shahid Iqbal
KARACHI, Nov 21: External debt of the country is rising at a record pace, as $9 billion fresh debt has added to the total in just 15 months, supporting fears
Sunday, 22 Nov, 2009
SBP chief says economy is improving
By Kalbe Ali
ISLAMABAD, Nov21: State Bank of Pakistan Governor Salim Raza has said that the economy is facing challenges from the war-on-terror and the issue of IDPs,
Sunday, 22 Nov, 2009
Hershey mulls $17bn solo bid for Cadbury
PHILADELPHIA, Nov 20: US chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to
Sunday, 22 Nov, 2009
Govt urged to give legal cover to CCP
KARACHI, Nov 21: The representatives of the civil society have urged the government not to let an institution committed to promote fair market practices and
Sunday, 22 Nov, 2009
Industries criticise hike in gas, power tariffs
By Aamir Shafaat Khan
KARACHI, Nov 21: Industry bodies are planning to finalise a joint strategy shortly to take up the issue of 18 per cent increase in gas price and last week’s
Sunday, 22 Nov, 2009
FDI for Sindh declines
By Muzaffar Qureshi
KARACHI, Nov 20: Foreign Direct Investment (FDI), including portfolio investment, in Sindh declined by 33 per cent to $221 million during the first quarter of
Sunday, 22 Nov, 2009
Saarc business moot opens today
KARACHI, Nov 21: The private sector of south Asian region plans to jointly evolve a road-map for closer cooperation in sectors of common interest and identify
Sunday, 22 Nov, 2009
Cane growers making gur
By Our Reporter
SIALKOT, Nov 20: The sugarcane growers have started preparing ‘Gur’ following the prolonged sugar crisis as it has almost double price compared to sugar in the
Sunday, 22 Nov, 2009
Port Qasim
KARACHI, Nov 21:Four ships carrying containers, rice and diesel oil berthed at the Qasim International Container Terminal, Multi-Purpose Terminal and FOTCO
Sunday, 22 Nov, 2009
Karachi Port operations
By Our Staff Reporter
KARACHI, Nov 21: Three ships carrying containers and to load rice and cement are expected to arrive at the outer anchorage on Sunday, according to KPT sources.
Sunday, 22 Nov, 2009
Wall Street down
NEW YORK, Nov 21: US stocks fell for a third straight session on Friday, with the tech sector in focus after weak results from computer maker Dell on the heels
Sunday, 22 Nov, 2009
Bullish trend on cotton market
By Our Staff Reporter
KARACHI, Nov 21: Cotton market closed the weekend session on a bullish note as ginners firmly held on to their unsold positions despite higher phutti arrival
Sunday, 22 Nov, 2009
Dollar up
NEW YORK, Nov 21: The dollar rose against most of its rivals on Friday as investors looked to hunker down with safe-haven assets amid fresh concerns about the
Sunday, 22 Nov, 2009
New York cotton finishes near 16-month top
NEW YORK, Nov 21: Cotton futures settled near a 16-month high on Friday on investment fund buying and the momentum from the rally could push fiber contracts
Sunday, 22 Nov, 2009
Gold rockets to record high above $1,150
LONDON, Nov 21: Gold prices scaled historic heights above $1,150 per ounce this week, buoyed by the weak greenback and recent central bank purchases of the
Sunday, 22 Nov, 2009
Conversion rates
KARACHI: The following are November 21, State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer
Saturday, 21 Nov, 2009
Govt earns Rs112bn from telecom sector
ISLAMABAD, Nov 20: The country’s telecom sector has shown 20 per cent growth in its revenues by generating Rs327.8 billion total revenues in fiscal year
Saturday, 21 Nov, 2009
Stocks finish weekend session with 55 points gain
By Our Staff Reporter
KARACHI, Nov 20: The KSE 100-share index finished the weekend session with an extended gain as leading base shares came in for renewed support from both the
Saturday, 21 Nov, 2009
CCP sends advice to finance ministry
By A Reporter
ISLAMABAD, Nov 20: The Competition Commission has forwarded an advice to the ministry of finance for the re-promulgation of Competition Ordinance 2007, along
Saturday, 21 Nov, 2009
Oil prices dip
LONDON, Nov 20: Oil prices dropped on Friday and were likely to stay under $80 because of high energy inventories in the United States, the world’s biggest
Saturday, 21 Nov, 2009
Swiss investment
KARACHI, Nov 20: Consul General of Switzerland Martin Benz said that some large Swiss companies had shown interest to invest in Pakistan, especially in Karachi.
Saturday, 21 Nov, 2009
Australian E&P firm acquires CEIS Pakistan
By A Reporter
ISLAMABAD, Nov 20: Australian oil and gas exploration firm SMEC International has acquired Clough Engineering and Integrated Solutions (CEIS) to expand
Saturday, 21 Nov, 2009
Crescent Steel to set up power plant
By Dilawar Hussain
KARACHI, Nov 20: The Crescent Steel and Allied Products (CSAP) proposes to invest up to Rs430 million in a power generating unit of 14MW.
Saturday, 21 Nov, 2009
PTA with Indonesia
LAHORE, Nov 20: Ambassador of Indonesia Ishaq Latuconsina has said that Preferential Trade Agreement (PTA) with Pakistan will be finalised by the end of this
Saturday, 21 Nov, 2009