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| January 02, 2008 | Wednesday | Zilhaj 22, 1428 |
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Bad signals for economy if uncertainty prolongs
ISLAMABAD, Jan 1: Pakistan’s exports, investor confidence, credit rating and debt payment capacity could suffer greatly if the current political uncertainty and law and order situation, particularly in Sindh, prolongs, senior government officials said.... 
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Subsidised lending scheme for exporters
KARACHI, Jan 1: Another subsidised lending scheme for the export-oriented industry has been launched while the State Bank will provide 70 per cent money for these lending at a rate significantly lower than the market....
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Govt plans to hire foreign consultants
ISLAMABAD, Jan 1: The government plans to hire foreign consultants to help find out non-traditional international markets for increasing country’s exports....
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FTA with Malaysia comes into effect
ISLAMABAD, Jan 1: The Free Trade Agreement (FTA) between Pakistan and Malaysia has become effective from January 1, 2008, aimed at further increasing cooperation between the two countries....
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Consumers pay higher for food items in 2007
KARACHI, Jan 1: Consumers paid higher prices for wheat flour varieties, rice, some pulses, ghee and cooking oil, fresh and tetra milk, beef, poultry and some vegetables during the last one year....
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Stocks open 2008 on terribly bearish note
KARACHI, Jan 1: The share market on Tuesday opened the New Year account on a terribly bearish note as post-Benazir Bhutto assassination panic selling again manifested itself in a bigger way...
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Iran slashes gas exports to Turkey
TEHRAN, Jan 1: Iran slashed gas exports to Turkey after high domestic consumption and a halt in supplies from Turkmenistan left many Iranian towns without gas in freezing weather, the Fars news agency reported on Tuesday....
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Turkey hikes gas prices
ISTANBUL, Jan 1: Turkish state energy firm Botas has raised the price of natural gas by 7.4 per cent for households and 6.5 per cent for industry as of Jan 1, state news agency Anatolian reported on Tuesday....
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China restricts flour exports
BEIJING, Jan 1: China has imposed export quotas on flour made from wheat, corn and rice to help stabilise rising prices, the Commerce Ministry said on Tuesday, in the latest measure aimed at discouraging sales abroad....
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Merger approved
KARACHI, Jan 1: The State Bank has officially announced the merger of Picic Commercial Bank with the NIB Bank....
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Sri Lanka to raise prices
COLOMBO, Jan 1: Sri Lanka is set to raise the prices of basic foods such as potatoes and sugar as well as cooking gas, officials announced on Tuesday, fanning fears of galloping inflation in the conflict-wracked island....
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Turkmenistan lifts ban on foreign currency
ASHGABAT (Turkmenistan), Jan 1: Buying and selling foreign currency became legal in Turkmenistan on Tuesday, after the government lifted a 10-year ban on money exchange as part of efforts to move the country out of international isolation....
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Karachi Port operations
KARACHI, Jan 1: Seven ships carrying general cargo and containers are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Cotton prices remain stable
KARACHI, Jan 1: Cotton prices on Tuesday remained stable around the previous levels but in physical trading some of the deals were finalised well above the official spot rates depending on quality premiums, analysts said....
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Indian imports grow faster than exports
NEW DELHI, Jan 1: Indian imports grew faster than exports in November, data showed on Tuesday, and analysts expect the trade deficit could widen further on a mix of record oil prices, a fast-growing economy and a strong rupee....
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Elected
KARACHI, Jan 1: Sheikh Haroon Rashid, former vice president of FPCCI, has been elected chairman of the Engineering Components and Machinery Manufacturing Association of Pakistan. Mazhar Mirza and Hafiz Bilal have...
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Hydrous ethanol engines
BEIJING, Jan 1: One of China’s largest auto makers, the Dongfeng Motor Corporation, has completed its initial research of using hydrous ethanol in automobiles....
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Karachi market rates
KARACHI, Jan 1: The following were Tuesday’s commodity market rates in rupees....
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US stocks end 2007 in the red
NEW YORK, Jan 1: US stocks ended a tumultuous 2007 with a whimper on Monday, retreating in the face of a new year fraught with worries about economic growth, a housing meltdown and tight credit....
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Indian IT market revenue set to grow 24 pc: report
BANGALORE, India, Jan 1: India’s information technology market is poised to expand 24 per cent in 2008 as it enters a new “growth trajectory,”an industry report said on Tuesday....
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Cyprus, Malta adopt euro
NICOSIA, Jan 1: Cyprus and Malta joined the eurozone on Tuesday, bidding farewell to the Cyprus pound and Maltese lira, expanding the club of countries using the single European currency to 15....
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Indian rupee flat on lack of overseas cues
MUMBAI, Jan 1: The Indian rupee ended flat on Tuesday as the closure of most markets in Asia for New Year’s Day left the currency bereft of direction, though trading would pick up in coming days, dealers said....
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