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| February 19, 2008 | Tuesday | Safar 11, 1429 |
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Oil prices, power supply to haunt new govt
KARACHI, Feb 18: Whichever political party or coalition of parties is thrown up by Monday’s general elections, to rule the country for next five years, one thing is certain that the... 
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Business hopes stability from vote
KARACHI, Feb 18: They went out, voted and had a change of heart. The virtues of democracy dawned on the corporate bigwigs as election results started pouring in on Monday evening after the parliamentary polls in Pakistan....
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Trade supports parties for ‘favours’ in new set-up
KARACHI, Feb 18: In the election 2008, groups of industrialists and traders with varied interests supported political parties that they perceived would help them after assuming power....
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Businessmen optimistic about economic prospects
KARACHI, Feb 18: Irrespective of the results and massive challenges for the new government, businessmen and traders now appear highly optimistic regarding the economic prospects as the nation turned a leaf...
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Weekly Inflation surges by 11.96pc
ISLAMABAD, Feb 18: The weekly inflation measured through the Sensitive Price Index (SPI) increased by 11.96 per cent during the week ending on February 15 over the corresponding week last year,...
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Banks refuse to take back faulty ATM notes
KARACHI, Feb 18: The cash facilitating machines of banks, ATMs, have developed multiple problems for the users instead of providing comfort to them....
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Oil prices climb
LONDON, Feb 18: World oil prices rose on Monday as worries over tight supplies overshadowed concerns that a US recession could dent demand from the world’s biggest energy consumer, traders said....
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Economic woes mar Investment in oil sector
RIYADH, Feb 18: Growing economic woes are clouding investment prospects in the energy sector, globally. Oil executives from around the world appeared concerned over the health of the US economy last...
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British PM defends takeover of troubled bank
From Our Special Correspondent...
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Dollar firmer in quiet trade
LONDON, Feb 18: The dollar was slightly firmer on Monday in quiet trade, recovering some of the ground lost last week after a series of weak US economic data, dealers said....
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Iran begins production at giant oil field
TEHRAN, Feb 18: Iran has started pumping oil from its biggest onshore oilfield of Azadegan in the southwest of the country, a much delayed project that was originally to be developed with a Japanese partner....
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Jan remittances jump by record 42 per cent
KARACHI, Feb 18: Overseas Pakistanis have sent 22 per cent more remittances during the last seven months of the current fiscal reflecting the high confidence on economic stability of the country....
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Turbulence ahead for aviation industry
SINGAPORE, Feb 18: Global aviation faces a tough future despite making profits last year as it grapples with debt, rising fuel bills and a looming US recession, but Asia could be a bright spot, officials said on Monday....
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Steelmakers in Asia agree on record ore prices
TOKYO, Feb 18: Asia’s top steelmakers on Monday said they had agreed on a 65 per cent rise in iron ore prices with Brazil’s Vale to record levels, the sharpest gain in three years amid soaring demand for the resource....
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‘Budget unlikely to help Iraqis’
BAGHDAD, Feb 18: Corruption will eat away at Iraq’s $48 billion budget, which is unlikely to bring much relief to the hard-hit Iraqi in the street and will turn the jobless into an army of beggars, economists say....
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Sri Lanka slaps more tax on car imports
COLOMBO, Feb 18: Sri Lanka has further raised taxes on cars to discourage imports and save foreign exchange, officials said on Monday, pushing first-time buyers out of the market as economic woes worsen on the island....
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LSE stake
LONDON, Feb 18: Emirates-based Borse Dubai could sell its 20pc stake in the London Stock Exchange to Qatar, according to a report in The Times on Monday....
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China’s FDI doubles
BEIJING, Feb 18: Foreign direct investment into China more than doubled in January, up 109.8 per cent from a year ago, the commerce ministry said on Monday....
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Asian shares mostly down
HONG KONG, Feb 18: Asian shares closed mostly down on Monday with concerns about a global credit crunch and looming US recession still dominating trading even though Wall Street was shut for a public holiday....
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Palm oil hits new high
KUALA LUMPUR, Feb 18: Malaysian crude palm oil futures jumped 3.4 per cent on Monday to hit another high as ruined oilseed crops in China fuelled massive buying in the global vegetable oil markets, traders said....
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