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| December 16, 2007 | Sunday | Zilhaj 5, 1428 |
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Soomro asks Nepra to fix Thar coal tariff
KARACHI, Dec 15: Caretaker Prime Minister Mohammedmian Soomro announced on Saturday of referring to National Electric and Power Regulatory Authority (NEPRA) the issue of fixation of upfront tariff on Sindh coal in Thar area without loss of much time.... 
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Wheat flour crisis may persist till Feb-end
ISLAMABAD, Dec 15: There are fears that the current wheat flour crisis will persist for the time being if the government fails to deal with the shortages in an effective fashion....
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Egypt keen to boost trade with Pakistan
ISLAMABAD, Dec 15: Acting Deputy Head of Mission, Embassy of Egypt, Ayman Tharwaf said on Saturday that his country had great potential in LPG, pharmaceutical, fertilisers and petroleum products and was keen to enhance trade links with Pakistan....
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US energy firm gets exploration licence
ISLAMABAD, Dec 15: The government on Saturday granted an exploration licence to Hydcarbex Energy Inc. of USA over block no. 2667-8, covering an area of 1,229 sq km, located in Dadu and Nawabshah districts, Sindh.The...
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Car sales seen recovering from March next
KARACHI, Dec 15: Car assemblers and vendors alarmed over negative growth in sales have expressed the hope that the sales and production will be recovering from the current slowdown by March...
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PCICL being launched tomorrow
ISLAMABAD, Dec 15: The government will formally launch the Pak-China Investment Company Limited (PCICL) in Karachi on Monday....
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Tools, auto parts show concludes
KARACHI, Dec 15: Pakistan’s third international exhibition — Machine tools and automation Pakistan and auto and auto parts Pakistan — concluded on Saturday at the Expo Centre with large-scale orders and business leads....
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Accord for study on trade with Afghanistan
PESHAWAR, Dec 15: The Sarhad Chamber of Commerce and Industry (SCCI) has hired the services of a private firm for conducting studies to identify trade opportunities with Afghanistan and Central Asian...
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IMF to cut global growth outlook
ZURICH, Dec 15: The International Monetary Fund will lower its growth outlook as the continued credit crisis hurts the US and European economies, while global imbalances also weigh on growth, its top economist was quoted as saying....
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Iraq repays IMF loan
WASHINGTON, Dec 15: Iraq has repaid a 471-million-dollar loan to the IMF that was granted to the country in the wake of a US-led invasion which toppled Saddam Hussein, the IMF said o Friday....
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India, Russia, China to boost economic ties
NEW DELHI, Dec 15: India, Russia and China vowed to boost trade and investment with each other after a one-day meeting that saw officials and businessmen from the three countries gather in New Delhi this weekend....
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BD eyeing more WB aid for farm sector
DHAKA, Dec 15: The World Bank may provide more funds to Bangladesh, in addition to about $350 million already pledged, to help its badly damaged farm sector recover from the effects of a deadly cyclone, a senior official said on Saturday....
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Belarus to buy Russian gas at $119/tcm
MOSCOW, Dec 15: Russia will sell natural gas to ex-Soviet neighbour Belarus at $119 per thousand cubic metres (tcm) in the first quarter of 2008, 19 per cent more than this year, a spokesman for gas monopoly Gazprom said on Saturday....
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Contribution of biofuels in global energy mix
RIYADH, Dec 15: The emphasis on biofuels seems to be growing, and many perceive it to be the answer to global energy woes....
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Cotton prices surge on panic-buying
KARACHI, Dec 15: Cotton prices on Saturday maintained bullish trend as spinners and mills haunted by short supply indulged in panic buying despite delivery problems caused by higher freight rates....
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Confrontation in US over trade deals
WASHINGTON, Dec 15: The White House and Congress appear headed for a confrontation over trade deals with Colombia and South Korea next year as US presidential campaign heats up and labour groups dig in their heels on the two pacts....
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Karachi Port operations
KARACHI, Dec 15: Eight vessels carrying containers crude oil and to load kinno and cement are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
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Port Qasim
KARACHI, Dec 15: Five ships carrying containers, edible oil and furnace oil were accommodated berths during the last 24 hours, said a PQA press release on Saturday....
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China’s first hybrid car
SHANGHAI: China’s state-owned Chang’an Automobile group has started making its own hybrid cars, the first such move by a Chinese automaker, the Xinhua news agency reported....
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Company news
DUBAI: Bahrain’s Arcapita Bank said on Saturday it will invest in utilities and other infrastructure with a state-owned Qatari firm that owns London’s Chelsea Barracks and is developing a $5.5...
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Oil prices turn higher again
LONDON, Dec 15: Oil prices soared in volatile trading this week on news of falling US supplies and forecasts of higher demand for crude next year....
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US Senate passes massive farm bill
WASHINGTON, Dec 15: The US Senate passed on Friday a massive farm bill packed with consequences for global trade, but its fate remained unclear because it already has drawn a presidential veto threat....
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