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| September 25, 2007 | Tuesday | Ramazan 12, 1428 |
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Import of cars falls 30.62pc
ISLAMABAD, Sept 24: The import of complete built-unit (CBU) cars recorded a negative growth of 30.62 per cent during the first two months (July-August) of the fiscal year 2007-08 over last year.... 
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Balochistan to get 20pc shareholding in PPL: Deal clears way for GDRs
ISLAMABAD, Sept 24: Having agreed to provide ‘reasonable shareholding’ to Balochistan in the Pakistan Petroleum Limited (PPL), the government has decided to sell minority stakes of the country’s oldest gas producer in the international market....
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Pakistan, US to devise new economic framework
ISLAMABAD, Sept 24: Pakistan and the United States have decided to develop a new economic framework to broaden cooperation in bilateral trade, investment and infrastructure development....
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World financial turmoil a wake-up call: SBP chief
KARACHI, Sept 24: The recent turmoil in global financial markets is a wake-up call for leading financial market centers to reassess their legal and regulatory framework, said Dr Shamshad Akhtar, Governor, State Bank of Pakistan, on Monday....
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Political chaos, low buying power hit Eid sales
KARACHI, Sept 24: Sales of Eid-related items remained laggard during the first 10 days of Ramazan as compared to the same period last holy month amid prevailing political uncertainty and high inflation which has sharply curtailed buying power of the consumers....
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Abu Dhabi firm to build Rs20bn hotel in Lahore
ISLAMABAD, Sept 24: Capital Investment Overseas — an Abu Dhabi based company, will build a five-star hotel in Lahore, comprising 602 rooms with an estimated investment of Rs20 billion....
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Crisis to have ‘far-reaching’ impact: IMF
WASHINGTON, Sept 24: The turmoil stemming from the US sub-prime property loan market and tighter credit will have a “far-reaching” impact on the world economy, the International Monetary Fund said on Monday.“...
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99pc mango export targetachieved
ISLAMABAD, Sept 24: Pakistan exported 118,000 tons of mangoes till Aug 25 as against a target of 120,000 tons....
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TCP floats tender for wheat import
KARACHI, Sept 24: The Trading Corporation of Pakistan (TCP) has floated the first tender for import of 100,000 metric tons of wheat from worldwide sources to meet the domestic demand....
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Euro at record high
LONDON, Sept 24: The euro soared to a record $1.4130 on Monday as the market remained convinced the US Federal Reserve was on course to cut interest rates further, dealers said....
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Stocks stage snap rally: index up by 155 points
KARACHI, Sept 24: Stocks on Monday staged a robust rally as leading oil, bank and cement shares came in for active short-covering at the lower levels triggered by perceptions of some...
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Cotton prices rise on slow phutti arrivals
KARACHI, Sept 24: Cotton prices on Monday edged further higher by Rs25 per maund followed by reports of rain in various parts of cotton belt of Sindh and Punjab, which interrupted arrivals of phutti into the ginneries....
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Maritime centre
KUALA LUMPUR, Sept 24: Malaysia’s MMC Corporation on Monday said it would partner Dubai World to build an ambitious $4.7bn maritime centre in southern Johor state facing Singapore....
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Oil prices drop
LONDON, Sept 24: The price of New York crude sank on Monday but held above $81 per barrel as concerns lingered over stretched global energy supplies, traders said....
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Karachi Port operations
KARACHI, Sept 24: Three ships carrying containers and DAP fertiliser are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Gold near 28-year peak
LONDON, Sept 24: Gold gained in Europe on Monday to trade near 28-year highs, with the dollar’s decline to record lows lifting bullion purchases from investors and speculators....
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Palm oil prices up
KUALA LUMPUR, Sept 24: Malaysian crude palm oil futures climbed 2.6 per cent to a near four-month high on Monday as a bullish price forecast by a top industry analyst and firm soyaoil prices spurred strong buying....
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European shares mixed
LONDON, Sept 24: European stocks showed mixed fortunes on Monday, as activity centred on the mining and banking sectors....
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