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DAWN - the Internet Edition  



January 18, 2008 Friday Muharram 08, 1429

Business


Sales slump as blasts scare away customers
KARACHI, Jan 17: The overall sale of various items has fallen by 80 per cent as scared buyers are avoiding visiting markets and shopping centres, following killing of over a dozen...
Complete Story
Remittances up 19.4pc
KARACHI, Jan 17: Overseas Pakistanis remitted $3,066.33 million during the first half (July-Dec) of 2007-08, showing an increase of 19.40 per cent over $2,568.02 million sent back home the same period last year....
Complete Story
 
KSE 100-share index sheds another 172.63 points
KARACHI, Jan 17: Stocks on Thursday finished session on a bearish note as investors continued to unload long positions on blue chips counters owing to worries over law and order situation and political and economic uncertainty....
Complete Story
Pakistan challenges changes in WTO rules: Anti-dumping accord
ISLAMABAD, Jan 17: Pakistan has voiced concern over introduction of zeroing, and deletion of lesser duty provisions in the proposed text of anti-dumping agreement (ADA) of the World Trade Organisation, saying this will benefit some companies from the rich states....
Complete Story





Car policy holders to pay extra money: In the aftermath of riots
KARACHI, Jan 17: Car insurance policy holders will be asked to pay Rs1,000 extra, in addition to normal premium to “partly offset” losses on account of compensatory claims against burning and snatching of vehicles in riots on Dec 27 and afterwards....
Complete Story
TDAP to promote clinical research business
KARACHI, Jan 17: The TDAP is striving to attract the business of clinical trial management as outsourcing research work by the multinational pharmaceutical companies is expected to touch $20 billion by 2010....
Complete Story


US housing construction takes 27-year plunge
WASHINGTON, Jan 17: The US homebuilding sector in 2007 collapsed in the sharpest decline in 27 years amid a persistent real-estate slump and tightened credit that has stoked fears of recession, government data showed on Thursday....
Complete Story
Oil steady after US inventories show rise
LONDON, Jan 17: Oil prices steadied on Thursday, finding some support after recent steep falls despite news of the first weekly rise in US crude inventories since November....
Complete Story


Inflation in Saudi Arabia at new peak
RIYADH, Jan 17: Inflation in Saudi Arabia is now at all time high, hitting a new peak in December; rising half a point on the previous month to 6.5...
Complete Story
Dollar slips
LONDON, Jan 17: The dollar fell back against the euro on Thursday after US Federal Reserve Chairman Ben Bernanke voiced support for special measures to help bolster the troubled US economy, dealers said....
Complete Story
Freezing essentials’ prices
KARACHI, Jan 17: Consumer Association of Pakistan chairman Kaukab Iqbal has urged the government to freeze the prices of essential commodities to control price hike....
Complete Story
Reserves
KARACHI, Jan 17: The foreign exchange reserves of the country recorded a fall of $177 million to $15.372 billion during the week ended January 12, 2008, announced State Bank of Pakistan on Thursday....
Complete Story





Bank holidays
KARACHI, Jan 17: The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the public debt offices, will remain closed on Jan 19 and 20 (Saturday and...
Complete Story
No change in cotton prices ahead of Ashura
KARACHI, Jan 17: Physical business on the cotton market on Thursday shrank to modest proportions owing to delivery problems ahead of Ashura holidays....
Complete Story
Karachi Port operations
KARACHI, Jan 17: Five ships, carrying rapeseed and to load clinkers and ethanol, are due to arrive at the outer anchorage on Friday, according to KPT sources....
Complete Story
Port Qasim
KARACHI, Jan 17: Four ships, carrying containers, wheat and diesel oil, berthed at the QICT, MPT and Fotco oil terminals of Port Qasim, respectively, on Wednesday....
Complete Story





Karachi market rates
KARACHI, Jan 17: The following were Thursday’s commodity market rates in rupees....
Complete Story
Company news
KARACHI: Telenor Pakistan has achieved 15 million subscribers base in less than three years of operations....
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Honoured
KARACHI, Jan 17: Majyd Aziz, former president of Karachi Chamber of Commerce and Industry, has been unanimously conferred the honor of global patron of Association of Women Entrepreneurs and Career Women...
Complete Story
Asian shares turn in mixed performance
HONG KONG, Jan 17: Asian shares closed mixed on Thursday as bargain hunters emerged after a recent plunge, sending Japan’s market up more than two per cent, but US economic woe still overshadowed investor sentiment....
Complete Story


Palm oil Prices rebound
KUALA LUMPUR, Jan 17: Malaysian crude palm oil futures rose three per cent on Thursday, rebounding from two straight days of declines after gains in the soyaoil market, traders said....
Complete Story
People turn pessimistic on global economic outlook
DAVOS, Jan 17: People are turning more pessimistic about the outlook for the global economy and are increasingly concerned about security, a survey for the World Economic Forum showed on Thursday....
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