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Archive for the November 3, 2005

  • PIA suffered Rs 2.5 billion losses in 2004

    • News Desk
    • Nov 3rd, 2005
    • Comments Off on PIA suffered Rs 2.5 billion losses in 2004

    Pakistan International Airlines incurred Rs 2.5 billion losses during 2004, which was in sharp contrast to the target of Rs 3 billion profit. The recently issued FY05 annual report of the State Bank has attributed

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  • PSO buys 220,000 tonnes oil

    Pakistan State Oil (PSO) has bought four fuel oil cargoes totalling 220,000 tonnes for November and December delivery, one less than it had tendered to buy, industry sources said on Wednesday. Middle East trader Bakri

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  • Surging oil and machinery imports widen trade gap in July-September

    • News Desk
    • Nov 3rd, 2005
    • Comments Off on Surging oil and machinery imports widen trade gap in July-September

    The unprecedented rising imports mainly of oil products and machinery have further enlarged country's negative trade balance to more than 2.374 billion dollars during July-September 2005. According to the provisional data released by the Federal

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  • NIFT and SBP sign agreement

    NIFT has signed an agreement with SBP Banking Services Corporation to establish a modern banknote processing centre at the Cash Sorting Cell for itself and the commercial banks, said a press release here on Wednesday.

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  • NIFT and SBP sign agreement

    NIFT has signed an agreement with SBP Banking Services Corporation to establish a modern banknote processing centre at the Cash Sorting Cell for itself and the commercial banks, said a press release here on Wednesday.

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  • NIFT and SBP sign agreement

    NIFT has signed an agreement with SBP Banking Services Corporation to establish a modern banknote processing centre at the Cash Sorting Cell for itself and the commercial banks, said a press release here on Wednesday.

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  • Provinces told to check LPG price hike in winter

    • News Desk
    • Nov 3rd, 2005
    • Comments Off on Provinces told to check LPG price hike in winter

    The government has directed the provinces to take stringent measures to ensure that liquefied petroleum gas (LPG) prices do not surge during the coming winter season, it is learnt. The direction came at a meeting

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  • French car sales drop in worst October for 6 years

    • News Desk
    • Nov 3rd, 2005
    • Comments Off on French car sales drop in worst October for 6 years

    New car registrations in France were down 5.8 percent in the worst October for six years, but the figure for the first 10 months remained up 3.6 percent, the CCFA industry body said on Wednesday.

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  • UK construction growth slows sharply in October

    • News Desk
    • Nov 3rd, 2005
    • Comments Off on UK construction growth slows sharply in October

    British construction growth slowed sharply in October to its weakest pace in five months as home-building contracted for the first time in almost half a year, a survey showed on Wednesday. The report echoed complaints

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  • Chinese overcapacity to worsen: top think-tank

    • News Desk
    • Nov 3rd, 2005
    • Comments Off on Chinese overcapacity to worsen: top think-tank

    Over-capacity in Chinese manufacturing will worsen next year, driving down profits, a leading government think-tank said in a report published on Wednesday, pointing to restraints on investment as a policy priority. Profits of most downstream

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