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| November 28, 2007 | Wednesday | Ziqa’ad 17, 1428 |
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Committee set up to sort out textile problems
KARACHI, Nov 27: A six-member committee of business leaders and representatives of the central bank and commercial banks has been formed to have a hard look at the banks spread, loan rates, service charges and problems of the manufacturing industry.... 
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New package of incentives for textile sector likely
ISLAMABAD, Nov 27: The caretaker government is working on another package of subsidies and incentives for the ailing textile industry to revive country’s falling exports....
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Imported inflation threatens economy : Rupee falls against dollar
KARACHI, Nov 27: Pak rupee on Tuesday continued to fall against the currency (greenback) itself falling against the major world currencies reflecting the weakness of the economy under threat of imported inflation....
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State Bank restrained from finalising Picic merger
KARACHI, Nov 27: The Sindh High Court has restrained the State Bank of Pakistan from finalising the merger plan of the Pakistan Industrial Credit and Investment Corporation (Picic) and its subsidiary...
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Crisis not to affect economic growth, says Salman
KARACHI, Nov 27: Federal Finance Minister Dr Salman Shah has said that Pakistan will continue to register growth despite recent political developments and its fallout on the country....
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Pakistan, Mauritius cut customs duty under PTA
ISLAMABAD, Nov 27: Pakistan on Tuesday announced 50 per cent reduction on margin of preference basis of existing customs duty on 130 items for Mauritian exporters under the Preferential Trade Agreement to be effective from November 30, 2007....
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Apta wants import of cotton from land routes
LAHORE, Nov 27: The All-Pakistan Textile Association (Apta) has urged the caretaker government to allow import of all types of cotton from all land routes, including Wagha, from India and remove 6.5pc...
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Privatisation process comes to standstill
ISLAMABAD, Nov 27: The privatisation process has come to a standstill after the induction of caretaker government due to which the much-trumpeted scheduled GDR transactions of National Bank of Pakistan (NBP)...
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26 per cent rise in EOBI contributions
KARACHI, Nov 27: The Employee’s Old-Age Benefits Institution (EOBI) has registered 26 per cent increase in contribution and collection of workers’ fund in the first quarter of current financial year (July 2007 to September 2007)....
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Oil prices
LONDON, Nov 27: World oil prices fell on Tuesday on increasing speculation that Opec may decide to hike crude output when the cartel meets officially next week....
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Stocks finish with modest gains on short-covering
KARACHI, Nov 27: Stocks on Tuesday lacked normal trading interest as leading investors kept to the sidelines apparently having an overview of the developing political situation after the first phase of election was over amid talk of boycott by the opposition....
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25,000 bales change hands in active trading
KARACHI, Nov 27: Active trading was witnessed on the cotton market on Tuesday as spinners and mills lifted all the lots offered by the ginners at an average rate of Rs3,150 per maund....
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S&P views political outcome a key for rating
LONDON, Nov 27: Standard & Poor’s said on Tuesday that Pakistan, embroiled in political turmoil, was at a turning point and the outcome of the ongoing political transition will have a bearing on the country’s ‘B+’ sovereign rating....
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German inflation
FRANKFURT, Nov 27: German inflation was set to hit a level not seen in at least 10 years on Tuesday, as key states reported annual consumer price increases that in many cases exceeded 3 per cent....
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Asian stocks close lower after Wall Street slide
HONG KONG, Nov 27: Asian stocks closed mostly lower on Tuesday after an overnight tumble on Wall Street as fears about the US economy in the wake of a credit crisis cast a pall over investor sentiment....
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Gold softens in London
LONDON, Nov 27: Gold was softer on Tuesday as investors took profits on the back of a firmer dollar, but analysts said the market remained upbeat and prices would soon test recent highs....
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Malaysian palm oil drops
KUALA LUMPUR, Nov 27: Malaysian crude palm oil futures dropped 1.7 per cent on Tuesday, drawing back from a record high hit the day before as players seized the opportunity to sell after crude and soyaoil markets declined in Asian trade....
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Europen stocks mostly fall
LONDON, Nov 27: European stock markets mostly fell onTuesday after fresh worries about the fallout from the US subprime loan crisis battered Wall Street overnight, dealers said....
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