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Govt faces tough choice: raise petrol price or confront OMCs |
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By Saad Hasan
KARACHI: As the political environment worsens ahead of presidential elections, the rise in international oil price has posed government with a serious challenge with maintaining the subsidy on diesel.
Government already owes Rs21.6 billion to oil marketing companies (OMCs) for not passing on
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Inflationary pressures to stay due to monetary overhang: report |
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By our correspondent
KARACH: Further inflationary pressures may be seen in near future owing to monetary overhang research analysts said Saturday.
“Monetary overhang of 4.6 per cent would further fuel inflation,” Samiullah Tariq researcher with InvestCapital Securities said in his report. He pointed out that GDP
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Abolish market committee fees: KCCI |
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By our correspondent
KARACHI: Majyd Aziz, President, Karachi Chamber of Commerce and Industry (KCCI), has said that the present system of collecting Market Committee Fees from wholesale grocers and commodities dealers in Jodia Bazaar is an added cost on the price of commodities and it is a superfluous and unnecessary ex
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Electronic market polls new dates announced |
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By Faryal Najeeb
KARACHI: The Sindh High Court has announced new dates for electronics market elections however one of the contesting groups has again filed a petition.
The Sindh High Court ordered the electronics market to hold their elections on the 6th of October 2007 but a reliable source informed The New
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Wall St slips on last day of September |
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NEW YORK: US stocks dipped on Friday as money managers locked in profits on the last trading day of a strong September, while concerns surfaced about the strength of profits during a turbulent third quarter.
Shares of technology, energy and material companies fell as investors took profits on
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Bulls move ahead despite rollover week |
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By Salman Siddiqui
KARACHI: Bulls moved forward during the outgoing week (September 24 to 28) despite a rollover week at Karachi bourse and uncertainty regarding the Supreme Court (SC) verdict for Gen. Musharraf re-election was on high side till the weekend session had concluded.
KSE 100-share Index managed to
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