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Prices of three PSF products increased
KARACHI, Nov 1: Local polyester fibre manufacturers increased on Saturday the prices of three polyester staple fibre (PSF) products by Rs3 per kg. The price hike will push up the production... 
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Back to crony capitalism, protectionism
KARACHI, Nov 1: With its globalization policy taking a hit, the United States is now seeking refuge in crony capitalism, protectionism and captive market....
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Tomato, poultry, onion cost more
KARACHI, Nov 1: Consumers paid higher prices to buy onion, tomato and poultry items in the last one month as compared to other edible items whose prices remained either stable or...
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Islamabad stocks index up 75pc in 2002-03
ISLAMABAD, Nov 1: The share index of Islamabad Stock Exchange (Guarantee Limited) shot up to 8,210.13 points during the financial year, 2002-03, denoting an increase of 75 per cent over the...
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Bank deposits grow by Rs109bn
KARACHI, Nov 1: Banks in Pakistan saw a combined increase of Rs109 billion in their total deposits in April-June this year, despite the fact that the weighted average rate of return...
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First official Saudi bourse by Feb
RIYADH, Nov 1: Saudi Arabia will have its first official stock exchange, enjoying a fully autonomous status, by February next year....
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Inflation needs to be monitored, says IMF
KARACHI, Nov 1: The International Monetary Fund says that the inflation developments need to be monitored carefully even though there is no evidence of immediate pressures....
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Bidding for Thatta Cement on 5th
ISLAMABAD, Nov 1: The Privatization Commission (PC) on Saturday announced that the bidding for Thatta Cement Company Ltd (TCCL) would be held on Wednesday (Nov 5) at 10:30 am at its...
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Saudi Pak Leasing okays 7.5pc dividend
ISLAMABAD, Nov 1: The shareholders of Saudi Pak Leasing Company at its 13th Annual General Meeting here on Friday considered and approved the audited accounts and payment of cash dividend at...
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Govt asked to help end Sindh sugar crisis
KARACHI, Nov 1: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has sought the federal government’s intervention to end the prolonged crisis in sugar industry of Sindh....
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GCC discusses oil project today
RIYADH, Nov 1: Oil ministers from the six-nation Gulf Cooperation Council (GCC) will meet in Doha on Sunday to discuss industry developments and joint projects, Saudi state media said....
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‘China currency revalue could backfire’
WASHINGTON, Nov 1: A swift rise in the value of China’s currency probably would not provide US manufacturers with the help that they expect and could backfire on the United States,...
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Dollar rallies broadly as economy looms larger
NEW YORK, Nov 1: The dollar surged against the yen and rallied against other major currencies on Friday, lifted by mounting confidence in the US economic rebound and data showing yen-weakening...
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Supply from Iraq oil pipeline may be delayed
BAGHDAD, Nov 1: Northern Iraq’s main oil export pipeline to Turkey may not resume operation in the coming week as planned, an Iraqi oil ministry source told Reuters on Saturday....
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Oil prices higher in New York
NEW YORK, Nov 1: Oil rose on Friday as swift US economic growth encouraged a rebound from five straight losing sessions that had pushed prices to their lowest level in a...
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NY cotton futures slide
NEW YORK, Nov 1: NY cotton futures ended limit down on Friday for the second straight session on fund and speculative liquidation in the first big drop the market has seen...
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COMEX gold gains
NEW YORK, Nov 1: COMEX gold ended slightly firmer on Friday an anticlimactic wrap to a volatile week of failed rallies, as precious metals and currency markets processed evidence that the...
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US heavy corporate debt clouds spending outlook
NEW YORK, Nov 1: The US economy may be growing at its fastest pace in nearly 20 years, but a backlog of debt on corporate balance sheets could limit the upside...
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Indians top Kuwait’s foreign manpower
KUWAIT CITY, Nov 1: Indians with more than 184,200 workers have become the largest community among foreigners employed by Kuwait’s private sector, the social affairs and labour minister said on Saturday....
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US urges EU to push China on open market
BERLIN, Nov 1: US Trade Representative Robert Zoellick said on Friday the European Union should form a united front with the United States in pressing China to open up its markets...
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