Sat, 31 Jul, 2010 | Sha'aban 18, 1431
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BUSINESS
Conversion rates
 
KARACHI: The following are August 02, State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer

Published On Saturday, 31 Jul, 2010
Bond, stocks may fall: Discount rate hike to hit growth
By Shahid Iqbal
KARACHI, July 30: Experts and analysts keenly watching the interest rate scenario expressed surprise over State Bank’s decision to further enhance the discount

Published On Saturday, 31 Jul, 2010
CAREC forum: Pakistan’s investment potential highlighted
 
URUMQI, July 30: The investment-friendly environment and business opportunities available in Pakistan were highlighted at the CAREC Business Development Forum

Published On Saturday, 31 Jul, 2010
Minister invites US investment in farm sector
By Our Reporter
ISLAMABAD, July 30: Federal Minister for Food and Agriculture Nazar Muhammad Gondal has asked the US investors to focus their investments on the agriculture

Published On Saturday, 31 Jul, 2010
Talks with US, EU on market access
By Our Staff Reporter
KARACHI, July 30: The government is actively negotiating with the European Union (EU) and the United States market access for textile products under bilateral

Published On Saturday, 31 Jul, 2010
FBR-KCCI body to discuss tax rules
By Our Staff Reporter
KARACHI, July 30: The Federal Board of Revenue (FBR) on Friday set up a six-member committee comprising members of the Karachi Chamber of Commerce and Industry

Published On Saturday, 31 Jul, 2010
Oil prices fall
 
LONDON, July 30: World oil prices fell on Friday as traders digested news of a sharp economic slowdown in leading energy consumer the United States.

Published On Saturday, 31 Jul, 2010
Euro narrows losses against dollar
 
LONDON, July 30: The euro narrowed its losses against the dollar in late trading on Friday following news that the US economy suffered a greater than expected

Published On Saturday, 31 Jul, 2010
UBL dividend
 
KARACHI, July 30: The board of directors of United Bank Limited (UBL) announced an interim cash dividend of 10 per cent i.e., Re1 per share for the year 2010 at

Published On Saturday, 31 Jul, 2010
US economic growth slows to 2.4 per cent
 
WASHINGTON, July 30: US economic growth slowed dramatically to 2.4 per cent in the second quarter of this year, the Commerce Department said on Friday,

Published On Saturday, 31 Jul, 2010
Stocks finish weekend session on positive note
By Our Staff Reporter
KARACHI, July 30: The stock market finished the weekend session on a bullish note as investors covered positions on selected counters aided by reports of higher

Published On Saturday, 31 Jul, 2010
Cotton trading remains active on covering purchases
By Our Staff Reporter
KARACHI, July 30: Active trading was witnessed on the cotton market on Friday as spinners and mills continued to cover their positions against forward sales to

Published On Saturday, 31 Jul, 2010
Palm oil higher
 
JAKARTA, July 30: Malaysian crude palm oil was higher on Friday, supported by gains in soyabean and uncertainty over grains crop harvests due to adverse weather

Published On Saturday, 31 Jul, 2010
Conversion rates
 
KARACHI: The following are July 30, State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer certificates

Published On Friday, 30 Jul, 2010
Stocks post modest gains
By Our Staff Reporter
KARACHI, July 29: The stock market on Thursday turned mixed as investors took a technical pause and mostly stayed on the sidelines ahead of the announcement of

Published On Friday, 30 Jul, 2010
Euro soars past $1.31 on eurozone data
 
LONDON, July 29: The euro soared past the $1.31 mark on Thursday, its best showing since early May, on reports of strengthening eurozone confidence and an

Published On Friday, 30 Jul, 2010
Red chilli exports down by 50pc
By Muzaffar Qureshi
KARACHI, July 29: The export of chilli has declined by 50 per cent from 20,000 to 10,000 tons because a ban on its import was imposed by European Union after

Published On Friday, 30 Jul, 2010
Training centres ownership: Textile ministry, exporters lock horns
By Parvaiz Ishfaq Rana
KARACHI, July 29: The row between the ministry of textile industry and exporters’ bodies over the ownership of training institutes imparting vocational and

Published On Friday, 30 Jul, 2010
Govt urged to release R&D refund payments
By Nasir Jamal
LAHORE, July 29: The government has not released payments of the research & development (R&D) refunds to the exporters of value-added textiles since last month.

Published On Friday, 30 Jul, 2010
3,500 audit notices issued to Site members

KARACHI, July 29: The Site Association of Industry (SAI) has expressed serious concern over issuance of 3,500 audit notices to its members by the Regional Tax

Published On Friday, 30 Jul, 2010
China denies forcing foreign firms to transfer technology
 
BEIJING, July 29: Beijing on Thursday denied charges by a US business group that its technology transfer rules for foreign firms constitute “theft” on a massive

Published On Friday, 30 Jul, 2010
Oil prices higher
 
LONDON, July 29: World oil prices were higher on Thursday, winning support from firmer equities and the weaker dollar after recent falls that were sparked by

Published On Friday, 30 Jul, 2010
Deadline extended for submission of claims
By Our Staff Reporter
 KARACHI, July 29: The State Bank on Thursday extended the deadline to August 16, 2010 for submission of claims by banks, DFIs and MFBs under the Prime

Published On Friday, 30 Jul, 2010
Europe’s economic confidence surges
 
BRUSSELS, July 29: A surge in confidence in Europe’s economy fuelled hope on Thursday that the region is finally overcoming its financial troubles just days

Published On Friday, 30 Jul, 2010
Cotton market maintains bullish outlook
By Our Staff Reporter
KARACHI, July 29: Cotton market on Thursday maintained a bullish outlook owing to suspension of picking operations of phutti and fall in arrivals in the

Published On Friday, 30 Jul, 2010
Company News
 
 KARACHI, July 29: Peek Freans Sooper, a popular brand of English Biscuit Manufacturing (EBM), earned the title of ‘5th Best Brand of Pakistan’ in the

Published On Friday, 30 Jul, 2010
Asian stock markets higher
 
TOKYO, July 29: Asian stocks rose to a three-month high on Thursday, and the dollar hit a three-month low weighed down by soft U.S. data that highlighted the

Published On Friday, 30 Jul, 2010
Gold rises in Europe
 
LONDON, July 29: Gold prices firmed in Europe on Thursday as some Asian buyers were tempted back to the market by the precious metal’s fall to three-month lows.

Published On Friday, 30 Jul, 2010
No change likely in interest rates in new policy
By Nasir Jamal
However, SBP could spike discount rate by up to one per cent by the close of first half of the current fiscal year in December.

Published On Thursday, 29 Jul, 2010
OMCs close 200 petrol pumps in 18 months
By Aamir Shafaat Khan
Oil marketing companies are also reportedly reducing their workforce under a global programme.

Published On Thursday, 29 Jul, 2010
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