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| November 10, 2007 | Saturday | Shawwal 28, 1428 |
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Imported low quality onion being re-exported
ISLAMABAD, Nov 9: Poor quality onion from Afghanistan and Iran is being re-exported to various destinations under Pakistani label. It is damaging country’s image, and may cause it to lose more international markets, sources told Dawn on Friday.... 
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Sugar mills protest over higher cane price in NWFP
KARACHI, Nov 9: Sugar industry in NWFP has been pushed into a deep crisis following the announcement of sugarcane price at Rs65 per 40 kg, which is higher by Rs5 compared to other provinces....
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15pc decline in export of rice, carpet
ISLAMABAD, Nov 9: Pakistan’s export of traditional products — rice, carpet, leather, engineering and footwear — declined by an average 15 per cent during the first quarter (July-September) of the fiscal year 2007-08 over the corresponding period of last year....
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Counterfeiting hits investment in paints
KARACHI, Nov 9: No foreign investment has been received in building and industrial paint sector for years, and multinational companies have not expanded their operations due to high rate of infringement of Intellectual Property Rights (IPR), market sources said....
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Chinese bank signs accord with NBP
BEIJING, Nov 9: The China Development Bank (CDB) here on Friday signed a memorandum of understanding with the NBP to provide $100 million credit line to it for project financing in Pakistan....
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Chinese threat to block deal at WTO
GENEVA, Nov 9: China has threatened to veto any proposals on cutting customs tariffs on industrial goods at the World Trade Organisation (WTO) if its requests are not met, trade sources said on Friday....
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US trade deficit narrows to $56.5bn
WASHINGTON, Nov 9: Record exports helped narrow the US trade deficit in September to its lowest in more than two years, indicating faster US economic growth in the third quarter than previously forecast....
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Dollar at record low against euro
LONDON, Nov 9: The dollar hit a new record low against the euro on Friday after Federal Reserve Chairman Ben Bernanke painted a gloomy picture of the US economy that fuelled speculation about another US rate cut, dealers said....
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French trade gap widens
PARIS, Nov 9: France’s economy was hit on Friday with news of a widening trade deficit in September, as energy sector imports rose, and a slide in industrial production that called growth forecasts for this year into doubt....
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15 per cent growth in Islamic banking
KARACHI, Nov 9: Islamic banking which is still 3.2 per cent of the banking sector in terms of assets accelerated its growth during the first quarter and moved with a rate of 15 per cent, said a State Bank report....
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Oil prices rise slightly amid supply concerns
LONDON, Nov 9: World oil prices rose on Friday but were off record high points close to $100 a barrel as the market digested supply concerns and the prospect of lower...
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Toy market under siege
OTTAWA, Nov 9: Stung by a toy market “under siege”, Mega Brands posted an unexpected third-quarter loss on Friday, hurt by recall costs, inventory write-downs, supply glitches and shaky consumer confidence....
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