|
| October 11, 2007 | Thursday | Ramazan 28, 1428 |
|
Inflation surges by 8.4pc in September
ISLAMABAD, Oct 10: Led by a double digit increase in food inflation, the overall consumer prices jumped again by 8.4 per cent in September over the same month last year, the Federal Bureau of Statistics (FBS) said on Wednesday.... 
|
|
SBP sells 12-month T-bills worth Rs15.48bn
KARACHI, Oct 10: The cut-off yield on 12-month Treasury bills remained flat at 9.3990 per cent at an auction on Wednesday, the State Bank said....
|
|
Oil prices stay firm on tight supplies
LONDON, Oct 10: World oil prices steadied on Wednesday as traders paused for breath following recent volatile trade, analysts said....
|
|
Income inequality on the rise: IMF
WASHINGTON, Oct 10: Income inequality has increased in most countries during the past two decades as incomes have jumped amid a more recent spurt in world growth, according to an IMF report Wednesday....
|
|
|
||
|
Dullness prevails on cotton market
KARACHI, Oct 10: Trading activity on the cotton market on Wednesday was relatively slow as sellers and buyers kept to the sidelines most of the time....
|
|
Indian traders stage rally
MUMBAI, Oct 10: Thousands of small traders and shopkeepers protested on Wednesday in India’s financial hub Mumbai against the establishment of Western-style supermarkets, saying their livelihoods would be destroyed....
|
|
||
|
UK govt may break fiscal rules
LONDON, Oct 10: The British government’s admission it needs to ramp up borrowing to offset weaker tax revenues means it runs a serious risk of breaching its own fiscal rules, the Institute of Fiscal Studies said on Wednesday....
|
|
Euro rises against dollar on US rate cut hopes
LONDON, Oct 10: The euro gained on the dollar on Wednesday as traders continued to react to minutes from the latest US Federal Reserve meeting that were seen as pointing to further interest rate cuts by the bank....
|
|
|
||
|
US lenders agree to bail out homeowners
WASHINGTON, Oct 10: Major US mortgage lenders have agreed to an “outreach” programme to help homeowners facing possible foreclosure, Treasury Secretary Henry Paulson announced on Wednesday.The...
|
|
ABN Amro chief quits as RBS seals takeover
LONDON, Oct 10: A European consortium led by Royal Bank of Scotland on Wednesday declared victory in the takeover battle for Dutch group ABN Amro, sealing the biggest takeover in banking history and prompting the resignation of the ABN chairman....
|
|
|
||
|
Karachi Port operations
KARACHI, Oct 10: Three ships carrying containers and chemicals are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
|
|
SK Telecom bid for Pakcom
SEOUL, Oct 10: SK Telecom Co., South Korea’s top mobile operator, has submitted a bid proposal for Pakcom, a Pakistan telecom company, the Korea Economic Daily reported, citing a senior SK Telecom official....
|
|
|
||
|
HK aims to become hub of Islamic finance
HONG KONG, Oct 10, 2007: Hong Kong’s chief executive said on Wednesday the city would look to emulate Malaysia and Singapore as a centre for Islamic finance, in an effort to grab a slice of the thriving market....
|
|
EFS procedure
KARACHI, Oct 10: The State Bank of Pakistan (SBP) has modified procedure for export finance scheme for refinance amount....
|
|
|
||
