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| January 29, 2008 | Tuesday | Muharram 19, 1429 |
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Provinces asked to cut uplift funds
KARACHI, Jan 28: Confronting a rising budget deficit, the federal government has asked the Punjab, Sindh and NWFP governments to squeeze out more than Rs40 billion from their development budgets of the current fiscal year.... 
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Oil falls on fears of low US demand
LONDON, Jan 28: Oil prices fell on Monday, briefly ducking below $90, on concerns that crude demand may be hit by fears of a slowdown in US economic and fresh uncertainty on the equity markets, dealers said....
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Carmakers curtail production
KARACHI, Jan 28: The car assemblers maintained a slow pace in production during January 2008 after slashing parts procurement from their vendors by at least 50 per cent....
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SBP to sell T-bills of Rs65bn
KARACHI, Jan 28: The State Bank of Pakistan on Monday announced to sell treasury bills worth Rs65bn and the bids will be opened on January 29 to 30....
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Body to modernise trucking sector
ISLAMABAD, Jan 28: The government on Monday decided to form a committee to harmonise age factor of various types of transport as part of modernisation of the trucking sector....
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Meeting today to discuss slow pace of privatisation
ISLAMABAD, Jan 28: The Board of Privatisation Commission will meet on Tuesday to discuss the slow process of privatisation, including the early listing of Global Depository Receipts (GDRs) of various public sector entities on the world stock markets....
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India plans facilities to boost trade
KARACHI, Jan 28: The Indian government plans to set up a most modern and integrated customs office, an e-commerce facility and a weigh-bridge at the Wagha-Attari border to facilitate trade between India and Pakistan....
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Stocks finish with fresh gains
KARACHI, Jan 28: Leading shares came in for renewed support on Monday and ended with fresh gains on active support but the broader market stayed weak followed by late selling at the higher levels amid light trading....
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Sukuk declared as security
KARACHI, Jan 28: The State Bank of Pakistan has declared the Karachi Shipyard and Engineering Works (KSEW)’s Sukuks as approved security for Islamic banking....
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Dull trading ahead of Indian lint arrival
KARACHI, Jan 28: Trading on the cotton market on Monday resumed on a quiet note as spinners and mills remained conspicuous by their absence apparently awaiting the arrival of imported stuff from India....
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Karachi Port operations
KARACHI, Jan 28: Six ships carrying imported wheat, and to load rice, cement and kinno are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, Jan 28: Brisk shipping activity was observed at the port where three ships to load, unload containers, diesel oil and chemicals were accommodated on berths at QICT, Fotco oil terminal...
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Steel project
KARACHI, Jan 28: Tuwairqi Steel Mills Limited (TSML) has signed an agreement with AMZ Securities Ltd to raise funds to finance additional expenditure for its state-of-the-art iron and steel project being set up at Port Qasim....
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Asian stocks remain under pressure
HONG KONG, Jan 28: Asian shares closed down on Monday as concern about the ailing US economy soured investor sentiment again, contributing to a slide of more than seven per cent in mainland Chinese stocks....
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Gold prices higher
LONDON, Jan 28: Gold drifted higher on Monday to trade near record highs ahead of a U.S. Federal Reserve meeting, with a weaker dollar and production halts in South Africa seen supporting precious metals prices....
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Palm oil prices lower
KUALA LUMPUR, Jan 28: Malaysian crude palm oil futures fell 3.2 per cent on Monday as investors rushed to sell after global commodity and equity markets declined on fears of US economic recession, traders said....
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