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| November 07, 2007 | Wednesday | Shawwal 25, 1428 |
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Essentials’ prices triple in 8 years
KARACHI, Nov 6: The prices of essential items have risen by three times over the last eight years eating up the nominal increase in the incomes during this period, thus creating problems in maintaining minimum living standards for ordinary Pakistanis.... 
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Brent crude hits record high $92.31
LONDON, Nov 6: The price of Brent crude oil struck an historic peak of $92.36 per barrel in trading here on Tuesday on concerns over tight global energy supplies....
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Current account gap shrinks in 1st quarter
ISLAMABAD, Nov 6: The current account deficit in the first quarter (July-September) of the current fiscal shrank by $607 million to $2.145 billion as compared to $2.752...
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Spinners to slow down raw cotton purchases
KARACHI, Nov 6: Spinners have decided to slow down their raw cotton purchases to ensure that prices are not pushed due to their panic-buying in the domestic market....
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Talks with GCC soon on investment in dairy sector
ISLAMABAD, Nov 6: A high-level delegation of the Gulf Cooperation Council (GCC) is expected to arrive in the current month for exploring possibilities of investment in agri-dairy sector....
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Dollar at record low on housing woes
LONDON, Nov 6: The dollar plunged on Tuesday to a new all-time low against the euro on fears for the future of the US financial sector, while gold hit $820 an ounce, its highest reading since 1980....
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North-South gap in trade diminishes: UNCTAD
GENEVA, Nov 6: Major developing economies are catching up with rich countries in international trade, according to a league table released by the UN’s trade and development agency on Tuesday....
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Clarification
KARACHI, Nov 6: The Saudi Pak Bank has said that the bank’s accounts are prepared as per the international accounting standards and are subject to rigorous scrutiny by the State Bank of Pakistan....
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Stocks recover 146 points on late buying
KARACHI, Nov 6: Stocks on Tuesday were back on the rails aided by strong short-covering at the lower levels in the leading oil shares after the denial of counter coup rumours...
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Cotton prices touch new seasonal peak
KARACHI, Nov 6: Cotton prices on Tuesday rose to new seasonal peak as spinners and mills covered positions amid market talk of a short crop....
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Eurozone services activity recovers
BRUSSELS, Nov 6: Service sector activity in the 13 nations sharing the euro recovered more than expected in October although the outlook darkened, according to a survey on Tuesday....
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Karachi Port operations
KARACHI, Nov 5: Four ships carrying containers and to load cement are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Karachi market rates
KARACHI, Nov 6: The following were Tuesday’s commodity market rates in rupees....
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Dutch firm signs gas pipeline
MOSCOW, Nov 6: Dutch gas company Gasunie on Tuesday signed a deal with Russian gas monopoly Gazprom to help build a controversial gas pipeline between Russia and Germany beneath the Baltic Sea, Gazprom said....
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European stock markets rebound
LONDON, Nov 6: Europe’s main stock markets rallied slightly on Tuesday but banking shares experienced further losses on concerns over a global credit squeeze, traders said....
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Palm oil futures up
KUALA LUMPUR, Nov 6: Malaysian crude palm oil futures scaled a record peak of 2,960 ringgit per ton on Tuesday, bolstered by surging crude and soyaoil markets....
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Asian stocks close mostly higher
HONG KONG, Nov 6: Asian stocks closed mostly higher on Tuesday with bargain hunters supporting a minor rally late in the day, but gains were less than convincing amid doubts over the US economy....
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Gold hits 28-year high
LONDON, Nov 6: A tumbling dollar and strong oil prices prompted investors and speculators to buy gold heavily on Tuesday, with the metal hitting a 28-year high and trading about $30 below its record peak....
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