Economy & business after Sept 11
KARACHI, Oct 10: The world has changed for everyone since the day of the attacks on the World Trade Center and the Pentagon. But because of its location—in immediate neighbourhood of...
Gap in official, kerb rates narrows
KARACHI, Oct 10: The US dollar has shed Rs2.55 or around four per cent of its value against the rupee in the inter-bank market since September 11 when terrorist attacks on...
External trade in disarray
KARACHI, Oct 10: The country’s external trade during last one month (Sept 11 to Oct 10) remained in disarray, as exporters and importers continued to face a number of problems arising...
Rs5bn shortfall in revenue
ISLAMABAD, Oct 10: Pakistan’s imports have declined by 20 per cent in one month period causing Rs5 billion shortfall in revenues....
NWFP business badly hit
PESHAWAR, Oct 10: NWFP suffered a major setback in its efforts to improve its economic base amidst falling exports, slowing down of industrial and business activities in the backdrop of the September 11 event and subsequent...
Stock-piling worries Punjab businessmen
LAHORE, Oct 10: Fears of constant piling up of stocks at mills and a possible suspension of production as a consequence of the cancellation of export orders and the slowdown in...
Change in investors outlook witnessed
KARACHI, Oct 10: The stock market has witnessed a tangible change in the investors’ outlook on future share business, as indicated by the confidence with which they have injected billions of...
Stocks upward journey halted by rumour-mongers
KARACHI, Oct 10: Stocks on Wednesday remained in the tight grip of rumour-mongers after opening on a firm note but finished mixed on subsequent alternate bouts of buying and selling amid...
Japan, Europe and US may face slight recession: IMF
HELSINKI, Oct 10: Japan, Europe and America might face slight recession in the second half of this year and confidence in the sound fundamentals of the world economy needs a boost,...
Japan govt keeps grim economic view
TOKYO, Oct 10: Japan’s government kept up its grim view of the economy for the second straight month on Wednesday, seeing a continued deterioration and a risk of worse to come...
New York cotton futures lower
NEW YORK, Oct 10: NY cotton futures crumpled from further speculative pressure to finish at another 15-year trough, with more losses seen as likely given pathetic demand and bumper supplies of...
Iran’s bid for WTO entry blocked by US
GENEVA, Oct 10: Iran presented its request for membership of the World Trade Organization (WTO) for the third time this year on Wednesday but the move was again immediately blocked by...
Malaysian palm oil jumps on Indian price cut
KUALA LUMPUR, Oct 10: Malaysian palm oil futures ended sharply higher on Wednesday due to market-friendly export figures and India’s move to cut base prices of palm oils, traders said....
Gold prices drop
NEW YORK, Oct 10: Gold prices fell sharply on Tuesday as large speculators sold on the lack of any big follow-through rally as the U.S. military pounded targets in a third...
Customs clearance of goods under ATT normal
KARACHI, Oct 10: The monthly volume of goods cleared by the Customs under Afghan Transit Trade Agreement is normal despite the war and closure of international borders after September 11 assault...
Karachi Port operations
KARACHI, Oct 10: Three ships carrying containers, crude oil and to load molasses are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
Dollar higher against yen
TOKYO, Oct 10: The dollar shed earlier gains in afternoon trading on Wednesday after facing strong resistance around the 120.70-yen level, dealers said....
Oil prices up
LONDON, Oct 10: The price of oil was slightly higher on Wednesday, as dealers factored in a recent fall in US stocks....