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Ramazan bazaars: fair price markets or a political stunt?

Ramazan bazaars: fair price markets or a political stunt?

LAHORE: Sustey Ramazan bazaars, established by the city district government of Lahore, have this year been proving to be more a political stunt than a real attempt to provide any relief to citizens, as fair price markets. The Punjab government had announced a Rs 2 billion ‘Ramazan Package’ in the provincial budget for 2010-11 to [...]

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August 16 2010 | Posted in Business | Read More »

Ogra increases CNG prices

Ogra increases CNG prices

KARACHI: The Oil and Gas Regulatory Authority (Ogra) increased on Thursday prices of compressed natural gas (CNG) by Rs1.70 per kg for Sindh and Punjab and Rs1.73 for Khyber Pakhtunkhwa and Balochistan. The new prices will be effective from Friday. According to an Orga notification, CNG prices for Sindh and Punjab, excluding the Potohar region, [...]

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July 30 2010 | Posted in Business, Top Stories | Read More »

Cotton crop in good condition despite virus attack: Gondal

Cotton crop in good condition despite virus attack: Gondal

MULTAN: Federal agriculture minister Nazar Mohammad Gondal said on Friday that the cotton crop was in a good condition despite a virus attack. While talking to the newsmen at the Central Cotton Research Institute (CCRI) Multan, he said that the virus attack was of low intensity compared to previous year and Pakistan is expected to [...]

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July 25 2010 | Posted in Business | Read More »

Pakistan trade deal a major step, says Afghanistan

Pakistan trade deal a major step, says Afghanistan

KABUL: Land-locked Afghanistan on Monday said a transit deal with neighbouring Pakistan that finally gives it access to the sea and markets in India was a major move towards developing the region and boosting commerce. The agreement, signed late on Sunday, also won enthusiastic support from the United States, which hopes it will bring the [...]

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July 19 2010 | Posted in Business | Read More »

PSO’s oil stocks recede to 11 days of national requirement

PSO’s oil stocks recede to 11 days of national requirement

ISLAMABAD: The state-run company, Pakistan State Oil (PSO), is in financial straits these days, reducing its oil stocks to 11 days of the national requirement. “The PSO is left with only three-day petrol reserves while the diesel stocks can last for 11 days and the situation can further deteriorate if the company’s receivables of Rs [...]

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July 15 2010 | Posted in Business | Read More »

Pak Steel to get another Rs 22 bn soon: Khursheed Shah

Pak Steel to get another Rs 22 bn soon: Khursheed Shah

KARACHI: Federal Minister for Labour and Manpower, Syed Khursheed Ahmed Shah on Monday said that the PPP Government is determined to revive and expand Pakistan Steel, and strongly rejected the impression that the Mill will be privatized. The Minister was addressing the Pakistan Steel workers at the oath- taking ceremony of the newly elected office-bearers [...]

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July 13 2010 | Posted in Business | Read More »

Forex reserves soar to $16.76bn

Forex reserves soar to $16.76bn

KARACHI: The country witnessed a new record level of foreign exchange reserves on Thursday as the State Bank put the total reserves reaching an all time high. According to information available from the State Bank the country’s reserves rose to $16.767 billion. This was higher than the previous record level of October 2007, when the [...]

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July 10 2010 | Posted in Business | Read More »

Forex reserves soar to $16.76bn

Forex reserves soar to $16.76bn

KARACHI: The country witnessed a new record level of foreign exchange reserves on Thursday as the State Bank put the total reserves reaching an all time high. According to information available from the State Bank the country’s reserves rose to $16.767 billion. This was higher than the previous record level of October 2007, when the [...]

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July 10 2010 | Posted in Business | Read More »

Turkey’s top court annuls parts of reform package

Turkey’s top court annuls parts of reform package

ANKARA: Turkey’s top court on Wednesday annulled some parts of a government-backed package of reforms intended to overhaul the constitution, but rejected an opposition appeal to throw out the entire package. Prime Minister Tayyip Erdogan says the reforms are designed to deepen democracy and help meet requirements for Turkey to join the European Union. Secularist [...]

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July 9 2010 | Posted in Business | Read More »

Turkey’s top court annuls parts of reform package

Turkey’s top court annuls parts of reform package

ANKARA: Turkey’s top court on Wednesday annulled some parts of a government-backed package of reforms intended to overhaul the constitution, but rejected an opposition appeal to throw out the entire package. Prime Minister Tayyip Erdogan says the reforms are designed to deepen democracy and help meet requirements for Turkey to join the European Union. Secularist [...]

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July 9 2010 | Posted in Business | Read More »