Low Graphics Site

April 21, 2006 Friday Rabi-ul-Awwal 22, 1427 Safta body approves reduction in tariff DHAKA, April 20: The Safta Ministerial Council ended its first meeting in Dhaka on Thursday approving a roadmap for tariff reduction proposed by the committee of experts and vowed to integrate trade in services with the regional trade agreement.... Premium on local cars falls as imports rise KARACHI, April 20: Premiums on locally-assembled cars have plummeted sharply on the back of rising import of used cars under various schemes coupled with rising production of cars by the local manufacturers.... Fixed ST on steel items proposed ISLAMABAD, April 20: The steel industry has unanimously recommended fixed sales tax on scrap, billet and bars at import stage instead of the current variable system.... PICT to receive large vessels KARACHI, April 20: Pakistan International Container Terminal (PICT) will start accommodating large size container vessels after increasing the draft to 13.5 metres at its berths under phase-III development programme.... Late selling erodes good part of initial gains KARACHI, April 20: Stocks on Thursday finished with clipped gains as late selling eroded a good part of the initial gains in the absence of strong follow-up support from the institutional traders and punters.... Cotton prices show modest rise KARACHI, April 20: Cotton prices on Thursday showed a modest rise as ginners held on to their unsold positions, awaiting the return of spinners and mills followed by reports of lower... Banks may miss farm credit target KARACHI, April 20: Banks involved in agricultural credit distribution are trying hard to lend more money to farmers but chances are that they will miss their collective target of Rs130 billion set for this fiscal year.... Oil prices ease after hitting fresh peaks LONDON, April 20: World oil prices fell on Thursday on profit-taking after they had reached historic peaks above $74.0 in London and $72.0 in New York.... PS buyer pays 25pc of bid price ISLAMABAD, April 20: The Privatisation Commission received on Thursday Rs5.420 billion or 25 per cent of the total bid price from the buyer of the Pakistan Steel Mills Corporation (PSMC).... Borkerage firms show huge profits KARACHI, April 20: Stock brokerage firms are posting fabulous profits for the nine months (July-March) 2005-06, which goes to show that the huge rise of 60 per cent in KSE-100 index... Prices for wind power discussed KARACHI, April 20: Minister for Water and Power Liquat Jatoi and a group of prospective wind power companies on Thursday held a meeting to fix prices for producing wind power.... PTC earns Rs2.4bn profit ISLAMABAD, April 20: Pakistan Tobacco Company PTC) has earned an operating profit of Rs2.4 billion in the year 2005, the highest ever since its inception.... IMF sees high oil prices set to stay WASHINGTON, April 20: IMF chief Rodrigo Rato warned on Thursday that record oil prices are here to stay and appealed for collective action to rectify widening imbalances in the world economy.... GM losses cut DETROIT, April 20: General Motors limited some of its cash haemorrhaging with its first-quarter earnings report on Thursday, reporting a narrower loss on a 14 per cent jump in revenues.... Sugarcane crop seen over target KARACHI, April 20: Higher domestic prices and a larger sown area have rekindled hopes of a bumper Pakistan sugarcane harvest of over 50 million tons in the 2006-07 crop year, industry and the government officials said on Thursday.... Tax reforms to be completed by 2009 FAISALABAD, April 20: Chairman Central Board of Revenue (CBR) Abdullah Yousuf has said that audit of the tax returns filed under the self assessment scheme will be conducted after the completion... Engineering delegation leaves for Germany ISLAMABAD, April 20: A 220-member Pakistan engineering trade delegation is leaving for Germany on Friday to participate in the Hanover Messe 2006.... Financial results KARACHI, April 20: UBL Fund Mangers Limited — a wholly-owned subsidiary of UBL and the management company of United Market Fund (UMF) and United Growth and Income Fund (UGIF), announced the... European stocks mixed LONDON, April 20: European stock exchanges closed mixed on Thursday with the London FTSE 100 index losing 0.14 per cent to 6,081.4 points, reversing earlier gains as profit taking in heavyweight miners offset positive early trade on Wall Street, dealers said.... Palm oil up BANGKOK, April 20: Malaysian crude palm oil futures rose on Thursday following a higher-than-expected export estimate, dealers said.... Port Qasim KARACHI, April 20: Shipping activity remained active at the port where two ships carrying containers took berths at the QICT during the last 24 hours, says a PQA press release issued here on Thursday.... Karachi Port operations KARACHI, April 20: Two ships, including Man Pung carrying 12,500 tons of sugar, are expected to arrive at the outer anchorage on Friday, according to KPT sources....

Contributions Privacy Policy © DAWN Group of Newspapers, 2006