|
| January 13, 2008 | Sunday | Muharram 03, 1429 |
|
PPP promises traders’ say in policy-making
KARACHI, Jan 12: The tragic death of Ms Benazir Bhutto on Dec 27 has brought a hostile business community close to her party—the Pakistan People’s Party—when a big delegation of 48... 
|
|
Shopkeepers divided over early closure
KARACHI, Jan 12: Shopkeepers offer a mixed view over the government’s proposal of shops closure by 7.30pm as some say it will give a serious blow to their peak sales hours when buyers actually arrive in the markets after 5:00pm....
|
|
Saudi govt urged to cut dollar exposure
RIYADH, Jan 12: Saudi Arabia''s largest state bank urged the government to reduce the kingdom''s exposure to the dollar by investing more assets outside the United States and gradually changing the riyal’s peg to the weak US currency....
|
|
Companies have liquidity to settle claims: Insurance industry
KARACHI, Jan 12: The insurance industry assured the chairman of the Securities and Exchange Commission of Pakistan (SECP) that it had the liquidity to absorb losses arising from the destruction / loss / damage to properties, goods, vehicles, etc.,...
|
|
|
||
|
No respite in global oil demand
RIYADH, Jan 12: With the $100 a barrel era already on our horizon, the fastest-growing bet in the oil markets these days is that crude price will double to $200 a barrel by the end of the year....
|
|
Fault lines in Pakistan’s stock market
KARACHI, Jan 12: In a little over six years since the bull-run began at the Pakistani equity markets, the benchmark KSE 100-share index has experienced an incredible rise of 12,000 points...
|
|
||
|
Steps soon to boost per acre rice yield
KARACHI, Jan 12: Prime Minister Mohammadmian Soomro has assured the rice exporters of taking immediate measures to increase rice production by increasing per acre yield which would be achieved by developing new rice seeds through extensive research and development....
|
|
EU leaders’ warning on euro, growth forecast
VALLETTA, Malta, Jan 12: The European Commission may cut its growth forecast for the eurozone economy this year, Luxembourg''s prime minister said on Saturday, as other EU leaders voiced concern about the euro’s strength....
|
|
|
||
|
32,000 tons of wheat being released every day
ISLAMABAD, Jan 12: Caretaker Minister for Finance Dr Salman Shah said here on Saturday that despite many shocks and difficulties, the economy of the country was flourishing well....
|
|
Chinese wages
BEIJING, Jan 12: Fewer than one in eight Chinese are happy at work, with most complaining about dead-end jobs and wages eroded by record inflation, according to a new survey....
|
|
|
||
|
Investment under CFS falls on slow activity
KARACHI, Jan 12: The CFS investment on the Karachi Stock Exchange last week fell below the Rs50bn-barrier at Rs48bn, showing a decline of two per cent owing to slow activity in the share market....
|
|
EU extends dumping duty on local lamp
KARACHI, Jan 12: The European Union Commission (EC) has extended a definitive anti-dumping duty of 66.1 per cent for one year on import of integrated electronic compact fluorescent lamp (CFL-i) from four countries, including Pakistan....
|
|
|
||
|
Belarus economy
MINSK: The Belarussian economy slowed to 8.1 per cent in 2007 against almost 10 per cent the previous year, state-owned news agency BelTA said on Saturday, but the growth was within a government target of between 8-9 per cent....
|
|
Ranking
FRANKFURT, Jan 12: General Motors Corp, which is likely to have been supplanted by Toyota Motor Corp as the world’s largest carmaker last year, says quality is more important than production volume....
|
|
|
||
|
Cotton prices drift higher
KARACHI, Jan 12: Cotton market on Saturday maintained firm trend as prices were quoted higher by Rs50 per maund amid a moderately traded session....
|
|
Company news
LONDON: Citigroup is putting the final touches to a second big fundraising, seeking up to $14 billion from Chinese, Kuwaiti and public market investors, according to Saturday''s Financial Times....
|
|
|
||
|
BD purchasing capacity ranks only above Nepal in Asia
DHAKA, Jan 12: The average purchasing capacity of Bangladeshis is just a half of the citizens’ average spending in the Asia-Pacific region, shows a report on ‘Purchasing Power Parities and Real Expenditures’ covering 23 national economies....
|
|
New York cotton closes higher
NEW YORK, Jan 12: Cotton futures finished on Friday shy of a five-week high with gains of nearly 4.5 per cent, when a tepid, rather than bearish, supply/demand report left traders thinking this week’s selling had been overdone, brokers said....
|
|
|
||
|
Dollar steady after bashing over rate cut signals
NEW YORK, Jan 12: The dollar steadied on Friday after the prior day’s bashing as the market weighed the prospect of a fresh cut in US interest rates and a jump in the US trade deficit....
|
|
Gold strikes record above $900
LONDON, Jan 12: Gold prices hit fresh record highs above $900 an ounce this week but oil tumbled further from recent historic peaks as markets focused on unease about the weakening US economy....
|
|
|
||
