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January 25, 2008 Friday Muharram 15, 1429 Domestic uncertainty, US recession hit exports KARACHI, Jan 24: Pakistan’s exports are coming under increasing impact of a double-edged sword.... Rice export only after meeting local needs: PM ISLAMABAD, Jan 24: Caretaker Prime Minister Mohammedmian Soomro has said export of rice, which registered a robust growth in December, will be encouraged only after ensuring needs of the domestic consumers....   Stocks finish lower on massive selling KARACHI, Jan 24: Stocks on Thursday came in for renewed selling and finished lower across the board in the absence of covering purchases at the falling prices.... Trade gap widens by 20pc in July-Dec KARACHI, Jan 24: Trade deficit of the country has further widened by 20 per cent in the first half of the current fiscal year mainly because of sluggish export growth and higher oil import bill.... Refinery sector: core earnings to boost profit KARACHI, Feb 24: Refineries are poised to enjoy another quarter of strong earnings and analysts forecast that it would be on account of higher volumes and rise in global Gross Refining... More people to be out of work in 2008: ILO GENEVA, Jan 24: More people will be out of work in 2008 as a result of global economic cooling, and any major slowdown could cause disruption and further hike unemployment, the International Labour Organisation (ILO) said on Thursday.... Vulnerable jobs in Pakistan fall RAWALPINDI, Jan 24: Vulnerable employment, which has been used as an indicator to assess decent work deficits in Pakistan, decreased by 2.5 percentage points between 1999-2000 and 2005-06, says the... SECP chief rules out relaxation to bourses: Demutalisation ISLAMABAD, Jan 24: Securities and Exchange Commission of Pakistan chairman Razi-ur-Rehman Khan has said that there will be no relaxation in time frame given in the Stock Exchanges (Demutualisation, Corporatisation and Integration) Ordinance 2007 for demutualisation of bourses.... Paint factory blaze not to affect auto production KARACHI, Jan 24: Car assemblers ruled out any big impact on their production plans in the aftermath of the devastating blaze in a multinational paint factory in Site area.... Euro gets boost LONDON, Jan 24: The euro got a boost on Thursday from a stronger-than-expected German business confidence survey as investors looked for direction on interest rates amid worries about a possible US recession.... Oil prices bounce back LONDON, Jan 24: World oil prices rebounded on Thursday as global stock markets firmed, China revealed strong growth numbers and on expectations that Opec will not increase crude output next week, traders said.... Rice future trading KARACHI, Jan 24: Pakistan’s National Commodity Exchange Limited (NCEL) is expected to start trading in its deliverable Irri-6 rice future contract possibly by the end of the next month, says a press release.... Reserves KARACHI, Jan 24: The total liquid foreign exchange reserves of the country fell by $164 million to $15.208 billion during the week ended January 19, State Bank of Pakistan announced on Thursday.... Quality lint fetches higher price KARACHI, Jan 24: After several lean sessions normal trading resumed on the cotton market on Thursday as spinners and mills covered forward positions against foreign sales amid brisk activity.... China’s GDP grows at 11.4pc in 2007 BEIJING, Jan 24: China’s economy grew at a blistering 11.4pc pace in 2007, the fastest in 13 years, the government said on Thursday, warning more needed to be done to address the rising threat of inflation.... ‘Banks as vulnerable to fraud as ever’ LONDON, Jan 24: The international banking system is as vulnerable to fraud as it ever was, infamous rogue trader Nick Leeson said on Thursday, adding that loopholes had not been closed after his 1995 scandal.... German firm to finance SME exports KARACHI, Jan 24: German financing company DF Deutsche Forfait AG Pakistan Ltd (DFAG) will provide financing facility to small and medium-sized local exporters to boost their exports by $1 billion in three years.... Warid CEO KARACHI, Jan 24: Chairman Abu Dhabi Group and Warid Telecom His Highness Sheikh Nahayan Mabarak Al-Nahayan and Board of Directors have appointed Marwan Zawaydeh as Chief Executive Officer of Warid Telecom Pakistan.... Appointed KARACHI, Jan 24: Kiran Sardar Kohati has been appointed managing director of TMedia, a division of WPP Marketing Communications (Pvt) Ltd, says a press release.... Investment funds fight suspicion at Davos DAVOS, Jan 24: Sovereign wealth funds are a visible force in Davos this year, reflecting their new-found power, but even at a meeting celebrating globalisation they face suspicion in some quarters.... Karachi Port operations KARACHI, Jan 24: Three ships carrying containers and to load molasses are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Port Qasim KARACHI, Jan 24: Four ships carrying containers, wheat, chemicals and gas oil were accommodated berths during the last 24 hours, said a PQA press release on Thursday.... PHA chairman KARACHI, Jan 24: Mustansir Zakir of Hashwani Hotels Limited and Choudhry Mohammad Javed of Hotel United Corporation have been elected chairman as vice-chairman of Pakistan Hotels Association (PHA) respectively, says a press release.... Asian stocks maintain recovery drive HONG KONG, Jan 24: Asian shares closed mostly up Thursday on hopes a global stocks rout is over after a US interest rate cut, but a stunning $7.15-billion... Palm oil prices up KUALA LUMPUR, Jan 24: Malaysian crude palm oil futures gained 3.1 per cent on Thursday after a rebound in soyaoil and crude prices lured investors back into the market, but fears of weaker exports kept them wary.... Karachi market rates KARACHI, Jan 24: The following were Thursday’s commodity market rates in rupees.... Gold higher LONDON, Jan 24: Gold rose more than 1 per cent to trade near $900 an ounce on Thursday as firmer oil prices and a recovery in global equity markets boosted buying, analysts said....

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