Cement industry’s profits grow seven times in fiscal 2012
Cement companies showed strong growth in fiscal 2011-12 with almost all of them returning to profitability, but the construction industry did not respond to this growth and still remained gloomy, say analysts and industry officials. more... (ET)
Textile imports fall 11pc in 2M
The textile imports into the country fell in July-August (2012-13) by 11.17 per cent against the same period of last year.
The overall imports of textile group remained US $374.341 million during first two months of current fiscal year against the imports of US $421.433 million during the same period of previous year. more... (FD)
Credit crunch: As banks turn their backs on private sector, US steps in
Crowding-out of the private sector from credit channels due to reckless government borrowing has provided a unique public relations opportunity to the US.
Under scrutiny: Promotions, recruitments in PSO under investigation
A Senate Special Committee on Tuesday sought the details of promotions and recruitments made in the Grade IV category in Pakistan State Oil (PSO). more... (ETD)
THE RUPEE: steadier trend
Steadier trend was seen on the currency market on Tuesday as the rupee maintained its overnight levels against the dollar due to comfortable supply position, market-men said. The rupee managed to hold its overnight level at 94.55 while it gained one-paisa for selling at 94.57, they said. more... (BR)
Pak-Saudi commission meeting today
The 9th session of Pak-Saudi Joint Ministerial Commission meeting is scheduled to be held here on Wednesday (today), at 10am.The meeting will be Co-chaired by Senior Minister for Commerce Makhdoom Muhammad Amin Fahim and Minister of Commerce and Industry, Kingdom of Royal Saudi Arabia Tawfiq Bin Fawzan Al-Rabeea. more... (DT)