Low Graphics Site

November 21, 2006 Tuesday Shawwal 28, 1427 Saudi group to acquire 68pc shares of CresBank KARACHI, Nov 20: Crescent Commercial Bank (CCBL) on Monday announced that it had struck a deal last week with Saudi financial group Samba for selling 68 per cent shares of the bank.... Retail prices of ghee, cooking oil increased: Rising world palm oil rates Aamir Shafaat Khan... USC may enter into wholesale business ISLAMABAD, Nov 20: The government is considering a proposal to allow the Utility Stores Corporation to enter into the business of wholesale and bulk distribution to work as a real price... Members to miss vital NA body meeting: Forensic report ISLAMABAD, Nov 20: The hurriedly-called meeting of National Assembly Standing Committee on Finance and Revenue on Tuesday for presentation of forensic report on March 2005 stock market crash will be missed by some major players.... Sole reliance on free market principle harmful: JICA report on Pakistan KARACHI, Nov 20: Pakistan has been warned not to rely solely on the principle of free market economy for the promotion of industry, which may retard its growth in the age of global competition.... KSE-100 index misrepresented till mid-day KARACHI, Nov 20: The Karachi Stock Exchange (KSE) index of 100 shares stood misrepresented till mid-day on Monday due to what the bourse termed a “human error”.... Romania keen on joint ventures in IT ISLAMABAD Nov 20: There exist great opportunities of mutual cooperation between Pakistan and Romania in a number of areas and Romanian IT firms were keen to enter into joint ventures with Pakistani companies.... Share prices plunge on panic unloading KARACHI, Nov 20: Stocks on Monday fell across the board on hasty selling triggered by market talk that the forensic probe report on the last year’s market crash would be presented to the standing committee of the National Assembly soon.... PM to open tax moot today ISLAMABAD, Nov 20: Prime Minister Shaukat Aziz will inaugurate the third technical conference of the Association of Tax Authorities of Islamic Countries (ATAIC) on Tuesday.... Euro steady LONDON, Nov 20: The euro hit new highs against the yen on Monday after G20 finance chiefs showed little concern about the weakness of Asian currencies at a weekend meeting, but the European currency was stable against the dollar, dealers said.... Nominations for KSE board KARACHI, Nov 20: The Karachi Stock Exchange (KSE) had received following nominations from members till 2:30pm for directorship of KSE, a press release stated. Elections to the board for 2007 would be held on Dec 7.... S. Arabia opens up oil refining for private investment DAMMAM, Nov 20: Saudi Arabia is opening up its refining sector for private investments. The Saudi private sector, in association with international partners, has been invited to participate in a proposed... Cotton market rules firm KARACHI, Nov 20: Trading on the cotton market on Monday resumed on a firm note as ginners were not inclined to lower their asking prices despite a large unsold stock of well over 2m bales lying in their godowns.... LSE rejects takeover bid from Nasdaq LONDON, Nov 20: The London Stock Exchange on Monday rejected the latest takeover offer worth over $5 billion from the US Nasdaq market. The LSE earlier on Monday received an improved... Pakistan, Azerbaijan JMC moot in Dec ISLAMABAD, Nov 20: Pakistan-Azerbaijan Joint Ministerial Commission (JMC) meeting being held next month will focus information technology, oil and gas sectors and privatisation and investment.... Karachi Port operations KARACHI, Nov 20: Four ships carrying crude oil, and to load lube oil are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Rupee falls to new low KARACHI, Nov 20: The Pakistani rupee fell to a new low on Monday amid persistent dollar demand from importers and dealers said it could ease further in coming weeks.... Risk to world economy low SYDNEY, Nov 20: Risks to the world economy are low and this benign environment is set to continue, Bank of Canada Governor David Dodge said after a meeting of top central bankers.... Poultry rates KARACHI, Nov 20: The following are Tuesday’s poultry market rates:... China for Opec like body in Asia Pacific BEIJING, Nov 20: China''s largest offshore oil producer has called for closer cooperation and better communication between non-Opec members, especially within the Asia Pacific, state media reported on Monday.... GM sees strong sales in China DETROIT, Nov 20: Top General Motors Corp. executives said over the weekend that they anticipate another year of double-digit sales growth in China in 2007, as more consumers there snap up shiny new cars.... Acquisition CHICAGO, Nov 20: US investment fund Blackstone Group is to buy leading US real estate firm Equity Office Properties Trust for about $36 billion, the two companies announced on Monday, in a record deal for a private investment fund.... Port Qasim KARACHI, Nov 20: Brianna carrying containers took berth at the QICT during the last 24 hours, said a PQA press release here on Monday. Two more container ships also arrived at the outer anchorage during the same period.... Russian firm to buy US Oregon Steel MOSCOW, Nov 20: Russian steel giant Evraz, partly owned by billionaire Roman Abramovich, said on Monday it was buying US firm Oregon Steel Mills for $2.3 billion (1.79 billion euros).... Asian stocks close lower HONG KONG, Nov 20: Asian stocks closed sharply lower on Monday amid heavy profit taking which gathered pace after Tokyo slumped 2.27 per cent with the economic outlook there turning more cautious.... European share markets slip LONDON, Nov 20: European stock markets slid on Monday as falling crude oil prices took their toll on the energy sector, amid an improved takeover bid for the London Stock Exchange by US exchange Nasdaq....

Contributions Privacy Policy © DAWN Group of Newspapers, 2006