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| February 12, 2008 | Tuesday | Safar 04, 1429 |
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Jan food Inflation balloons to 18.25pc
ISLAMABAD, Feb 11: Food inflation in the country ballooned to 18.25 per cent in January, and it was the highest-ever monthly increase in the recorded history which hit the low income group, reducing their purchasing power.... 
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Gas supplies to Punjab textile mills not restored
LAHORE, Feb 11: The Sui Northern Gas Pipelines Limited (SNGPL) has not restored gas supplies to the textile mills in Punjab in spite of categorical directions issued by the caretaker prime minister to this effect last week....
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KSE index falls on new oil pricing formula fears
KARACHI, Feb 11: The share market on Monday failed to sustain the early rally as a section of leading investors liquidated long positions in some of the leading oil refinery shares...
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Meeting to discuss privatisation on Friday
ISLAMABAD, Feb 11: A special meeting of the Cabinet Committee on Privatisation (CCoP) will be held here on Friday (Feb 15) to discuss and finalise dates for disinvesting a number of state sector entities including Jamshoro Power Company.Informed...
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Tenders for sale of T-bills invited
KARACHI, Feb 11: Tender for the sale of government of Pakistan market treasury bills 3-month (maturity on May 8, 2008), 6-month (maturity on August 15, 2008) and 12-month (maturity on February...
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$10bn US aid to Pakistan termed a ‘myth’
KARACHI, Feb 11: Special Secretary to Finance Dr Ashfaq Ahmad Khan has termed the generally held belief that the US provided $10 billion assistance to Pakistan after 9/11 a ‘myth’ which has nothing to do with reality....
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Proposals invited for sovereign bond issue
KARACHI, Feb 11: Pakistan has invited local and international banks to submit proposals for management of a sovereign bond issue, but the deal could struggle because of the country’s volatile politics and the global credit crunch....
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Sky-high prices cap Gulf gold demand
DUBAI, Feb 11: Record high prices are putting pressure on gold demand growth in the Gulf Arab region, but the precious metal is expected to maintain its lustre as market turmoil stokes buyers’ interest....
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ICCI to attend 27 trade fairs in Turkey
ISLAMABAD, Feb 11: The Islamabad Chamber of Commerce and Industry is all set to participate in 27 trade fairs in Turkey to help enhance trade between the two countries....
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Rupee slips further
KARACHI, Feb 11: The rupee slipped further on Monday as importers bought dollars to cover payments, especially for oil, dealers said....
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Oil jumps on supply fears
LONDON, Feb 11: Oil prices moved sharply higher on Monday after Venezuela President Hugo Chavez threatened to cut oil sales to the United States and as traders tracked fresh unrest in Nigeria....
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Euro fails to sustain gains
LONDON, Feb 11: The euro fell against the dollar on Monday with rising risk aversion and a lack of data wiping out earlier gains that came after finance chiefs from rich nations warned of slowing global economic growth....
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NIT declares 7.5pc return
KARACHI, Feb 11: The total return on NIT units during the half year ended on Dec 31, 2007 stood at 7.5 per cent where net asset value of NIT unit increased from Rs56.18...
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Yahoo rejects Microsoft buyout offer
SAN FRANCISCO, Feb 11: Yahoo’s board of directors on Monday rejected Microsoft’s buyout offer, saying the $44.6bn bid is too low and not in the interest of shareholders of the veteran Internet company....
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Cotton trading halts as prices rise
KARACHI, Feb 11: Trading on the cotton market on Monday remained at a standstill for the sixth session in a row as spinners and ginners are not inclined to go beyond their parity levels for good reasons too....
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Karachi Port operations
KARACHI, Feb 11: Nine ships carrying wheat, palm oil and to load cement and molasses are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, Feb 11: Brisk shipping activity was observed at the port where six vessels carrying containers, rice, carbon oil, wheat, canola seeds, chemicals and diesel oil were allotted berths at Qasim...
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EU mobile operators given deadline to cut rates
BARCELONA, Feb 11: The European Union set mobile phone companies a July deadline on Monday to cut their roaming charges for text messages and Internet use or face regulation....
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Company news
NEW YORK, Feb 11: Bank of America and Chevron Corporation will replace Altria Group and Honeywell International in the widely-tracked Dow Jones Industrial Average stock barometer on February 19, Dow Jones said on Monday....
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Asian shares tumble, hit by US gloom
HONG KONG, Feb 11: Asian shares closed down on Monday as worries over the ailing US economy triggered yet more stock market losses across the region....
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Platinum prices higher
LONDON, Feb 11: Platinum prices hit a record high for the eighth straight trading day on Monday on worries power problems in top producer South Africa would hit output badly....
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Palm oil futures up
KUALA LUMPUR, Feb 11: Malaysian crude palm oil futures edged up 0.8 per cent on Monday, recovering from sharp declines earlier as investors covered shorts after rival soyaoil markets swung into positive territory in Asian trade....
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Karachi market rates
KARACHI, Feb 11: The following were Monday’s commodity market rates in rupees....
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