Banned seeds to yield 1m cotton bales this season
KARACHI, Oct 30: More than one million bales of cotton this season is being obtained from the sowing of genetically modified seeds either smuggled from India or trans-shipped from Australia as...
Spinners face crisis as export slows down
LAHORE, Oct 30: Yarn inventories at the spinning mills are piling up as its take-up by domestic processors, including woven and knitwear garments producers, has sharply slowed down over the last one month or so owing to their declining exports....
Govt urged to check cash crop price crisis
QUETTA, Oct 30: The Deputy Chairman of the Senate Mir Jan Mohammad Khan Jamali has urged the government to check the crisis created by a sudden drop in prices of various...
Long-term PIBs’ sale attract few investors
KARACHI, Oct 30: The Pakistan Investment Bonds (PIBs) were auctioned after a long time but the sale did not attract too many investors. The SBP raised the cut-off yields on the...
KSE 100-share index sheds 38 points
KARACHI, Oct 30: The post-Eid holiday trading session on the stock market on Monday witnessed a volatile performance as investors played on both sides of the fence but the underlying sentiment...
Textile products export declines 10.29pc
ISLAMABAD, Oct 30: The export of textile products declined by 10.29 per cent to $2.449 billion during the first quarter (July-September) of the current fiscal year against $2.73...
PTCL Q1 profits down 6.9pc
KARACHI, Oct 30: Pakistan Telecommunication Co Ltd. (PTCL) posted a 6.9 per cent fall in first-quarter profits for the financial year 2006-07 on Monday. PTCL — the country''s fourth-largest listed company, with a market value of around $2.7...
OGDC earns Rs12.3bnafter-tax profit
ISLAMABAD, Oct 30: Oil and Gas Development Company Limited (OGDCL) during the first quarter of 2006-07 earned a profit after tax of Rs12.328 billion as against Rs9.021...
Oil prices fall
LONDON, Oct 30: World crude prices tumbled below $60 per barrel on Monday, dampened by slowdowns in US economic growth and Chinese demand for energy, analysts said....
Cotton market rules steady
KARACHI, Oct 30: Trading on the cotton market on Monday resumed on a steady note as spinners and mills covered positions at the falling prices both in the Sindh and the Punjab varieties....
‘SSGC losses contained at Rs250m’
KARACHI, Oct 30: The Sui Southern Gas Company Limited (SSGCL) contained its losses to only Rs250 million in 2005-2006 despite sabotage of its pipelines and installations....
ICC okays credit rules
KARACHI, Oct 30: The rules for documentary credit have been changed after 13 years and the ICC has approved the change. By a unanimous vote of 91 to 0, the ICC...
Karachi Port operations
KARACHI, Oct 30: Eight ships carrying rock phosphate, machinery and containers are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
ABL profits up 59pc
KARACHI, Oct 30: Allied Bank Limited (ABL) has posted an operating profit of Rs6 billion reflecting a growth of 59 per cent as compared to the corresponding period of last year, says a press release....
Asian stocks close mixed
HONG KONG, Oct 30: Asian stocks closed mixed on Monday after weaker than expected United States growth figures ended Wall Street''s record run, triggering falls in the Dow Jones....
European shares fall
LONDON, Oct 30: European stock markets dropped on Monday, weighed down by unexpectedly weak US growth data last weak which has led to heavy losses for Asian and US share prices, traders said....
Palm oil up
KUALA LUMPUR, Oct 30: Malaysian crude palm oil futures closed higher on Monday, boosted by strong exports and concerns over the country''s production, which is likely to decline due to holidays....