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| October 12, 2006 | Thursday | Ramazan 18, 1427 |
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Credit to private sector slumps
KARACHI, Oct 11: Credit to private sector has gone down to significant lower level and for the first time in four years the credit figure is on negative side.... 
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IT share in total taxes stands at only 30pc
ISLAMABAD, Oct 11: Unlike other developing countries, the share of income tax in total federal taxes in Pakistan hovered around 30 per cent during the last few years, suggesting massive measures for generating additional revenues from this source....
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MCB raises $150m through GDRs
KARACHI, Oct 11: MCB Bank Limited stated on Wednesday that it had successfully raised $150 million through the issue of 8.6 million Global Depository Receipts (GDRs)....
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Chevron enters Pakistan energy market
ISLAMABAD, Oct 11: Global energy giant Chevron has made its entry into Pakistan’s petroleum market....
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79pc revenue raised from 17 items in FY06: Indirect taxes
ISLAMABAD, Oct 11: The Central Board of Revenue (CBR) raised 79 per cent of the total gross receipts of indirect taxes — customs, sales tax and federal excise duty —from only...
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Pakistan, Mexico trade talks today
ISLAMABAD, Oct 11: The first-ever meeting of the Pakistan-Mexico Joint Commission on trade, investment and economic cooperation will be held in Mexico City on Thursday (Oct 12)....
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EADS rescue plan
PARIS, Oct 11: France on Wednesday faced German rejection of threatened job cuts and even closures of its Airbus factories under an ambitious rescue plan for the aircraft maker that has laid out cost-reduction targets but few details....
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Oil prices mixed as Opec set to cut output
LONDON, Oct 11: World crude prices were mixed in cautious trade on Wednesday after Opec said that its members would cut their combined output by one million barrels per day in November....
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Telecom sell-off
HANOI, Oct 11: Vietnam, one of the world''s fastest growing telecom markets, expects to privatise its three major telecoms next year with the government keeping the majority of the stakes, officials said on Wednesday....
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Sales of trucks, LCVs, tractors up, bikes down
KARACHI, Oct 11: Except for a 17.84 per cent decline in sales of motorcycles, the sale of trucks, buses, light commercial vehicles (LCVs) and farm tractors witnessed a big jump during...
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KSE index off 73.29 points on active profit-selling
KARACHI, Oct 11: After higher opening aided by early buying euphoria associated with the MCB GDR price, stocks on Wednesday came in for active profit-selling in most of the high-profile issues in banking and oil sectors and finished reacted....
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Ginners unloading long unsold positions
KARACHI, Oct 11: Active trading was witnessed on the cotton market on Wednesday as ginners continued to unload their long unsold positions in an uncertain price outlook....
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Karachi Port operations
KARACHI, Oct 11: Five ships carrying chemicals, containers and coal are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, Oct 11: Shipping activity remained brisk at the port where four ships carrying containers, edible oil and chemicals took berths at various terminals during the last 24 hours, said a PQA press release here on Wednesday....
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Asian stocks close mixed
HONG KONG, Oct 11: Asian stocks closed mixed on Wednesday after a false alarm over a second nuclear test by North Korea rattled investors and offset positive sentiment from another record close on Wall Street overnight....
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Palm oil lower
KUALA LUMPUR, Oct 11: Malaysian crude palm oil futures closed lower on Wednesday, pulled down by record high stocks unveiled by the country''s crop agency and a decline in the prices of crude oil....
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