Demand picks up slightly: Textiles to US, EU
KARACHI, Feb 26: Textile companies are reporting ‘slight improvement’ in booking of export orders from Europe and a ‘slight pick up’ in import demand from the US in last five weeks....
SBP again injects liquidity
KARACHI, Feb 26: The State Bank is struggling hard to keep the inter-bank money market reasonably liquid without making another cut in the treasury bills rates....
NBP subsidiaries plan secondary debt market
KARACHI, Feb 26: National Discounting Services Ltd and Taurus Securities Ltd (TSL), both subsidiaries of the National Bank of Pakistan, have joined hands to develop a secondary debt market by offering...
Strong support at dips restricts losses on KSE
KARACHI, Feb 26: After opening higher, stocks on Tuesday came in for active profit-selling at the inflated levels but the strength of PTCL and PSO limited the decline owing to strong...
Export finance rate falls to 7.5pc
KARACHI, Feb 26: Exporters will get export finance from banks at 7.5 per cent in March instead of 8.5 per cent as the State Bank has made another one per cent...
Rebuilding Pakistan private sector support sought
ISLAMABAD, Feb 26: Vice Chairman and the Finance Minister of Afghan interim government Hidayat Amin Arsala has asked the Pakistan’s private sector to greatly take part in the reconstruction effort by...
Yarn, cloth prices slump
FAISALABAD, Feb 26: The cotton yarn market and main cloth markets of the city remained in the grip of serious financial crisis, and the rates of majority of varieties of yarn...
Indian economy passing through difficult phase
NEW DELHI, Feb 26: Terror attacks in the United States and a blistering assault on the Indian parliament have taken their toll on the Indian economy which has suffered also on...
Spinners awaiting fresh developments: Ginners’ SOS
KARACHI, Feb 26: Cotton market on Tuesday passed through another listless session as spinners again adhered to the sidelines awaiting fresh developments in the backdrop of ginners’ SOS....
Karachi Port operations
KARACHI, Feb 26: Seven ships carrying general cargo including jute are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
Leather garment units in crisis
SIALKOT, Feb 26: The leather garments industry of Sialkot was facing severe crisis as dozens of small-scale factories have been closed down due to increase in air and sea freights, reduction...
Rating
LAHORE, Feb 26: Pakistan Credit Rating Agency has maintained the mutual fund rating of “AA(f)” (double A) for Unit Trust of Pakistan says an announcement here on Tuesday....
Malaysian palm oil mixed
KUALA LUMPUR, Feb 26: Malaysia’s crude palm oil futures ended mixed on Tuesday with players waiting for India’s federal budget due this week....
Jobless rate
HONG KONG, Feb 26: More Hong Kong companies are expected to lay off staff this year, as the territory’s jobless rate jumped to a record 6.7 per cent in the January...
Seminar
KARACHI, Feb 26: A seminar on “Fashion and Fabrics — Modern trends in textile design” will be held here on Wednesday, said an announcement....