Low Graphics Site

March 06, 2008 Thursday Safar 27, 1429 Melting dollar gears up forex outflow KARACHI, March 5: About $1.4 billion flushed out from the reserves of the State Bank of Pakistan within one-and-a-half months, mounting pressure on the melting dollar reserves of the country.... Indian cotton exporters stop supply KARACHI, March 5: Indian cotton exporters are reluctant to fulfil their commitments with Pakistani buyers because of increasing trend in international cotton market....   Sri Lanka to import cement, rice COLOMBO, March 5: Sri Lanka plans to import cement from Pakistan through the recently set up State Trading Cooperative Wholesale Company Limited to counter the shortage of created by traders, authorities said.... Stocks stage comeback on higher banks’ profit KARACHI, March 5: Stocks on Wednesday staged a snap rally on strong short-covering at the lower levels boosted chiefly by analyst predictions of higher profitability of the banking and oil sectors during the current fiscal year.... Govt steps to boost rice output demanded KARACHI, March 5: The Rice Exporters Association of Pakistan (Reap) has urged the government to ensure increased production of rice by adopting proper harvesting techniques, using better seeds and machinery, and by arresting aflatoxin and other issues.... Law to set up Savings Corporation delayed ISLAMABAD, March 5: Internal differences in the ministry of finance has delayed the promulgation of the much-awaited presidential ordinance to convert Central Directorate of National Savings (CDNS) into the proposed “Pakistan Savings Corporation” aimed at introducing new saving instruments.... Trade favours PPP-MQM coalition in Sindh KARACHI, March 5: The business community has supported a stable political set-up in Sindh for the development of trade and industry and said that a coalition government of the Pakistan People’s... Opec freezes production VIENNA, March 5: Opec snubbed US President George W. Bush on Wednesday by deciding to leave its production level unchanged, sending crude prices spiralling more than $3 higher.... Dollar dives to record low, gold hits peak LONDON, March 5: The besieged US dollar, dragged down by weak US job figures, plunged to a record low against the euro here Wednesday, helping push the price of gold to its highest reading ever.... Oil crosses $104 for first time NEW YORK, March 5: Crude oil prices on Wednesday crossed $104 a barrel for the first time in the face of sliding US crude stockpiles, a plunging dollar and after Opec decided to maintain output levels.... KATS ready for financial information exchange KARACHI, March 5: The Karachi Stock Exchange announced on Wednesday readiness of Karachi Automated Trading System (KATS) for the Financial Information Exchange (FIX) protocol Connectivity (Version 4.2).... Cut in corporate tax rate urged ISLAMABAD, March 5: The government should consider cutting corporate tax rates to 25 per cent from 35 per cent in the upcoming budget of 2008-09 in order to attract investment for sustained industrial growth.... Saudi-Pak raises paid-up capital KARACHI, March 5: The board of directors of the Saudi-Pak Insurance Company has decided to increase the paid-up capital of the company from Rs250 million to Rs375 million by issuing 50 per cent right shares at par.... MoU signing KARACHI, March 5: The ECO Trade Development Bank is ready to sign a memorandum of understanding with the Trade Development Authority of Pakistan (TDAP) for promotion of exports.... Khushhali Bank to train ACCA students ISLAMABAD, March 5: The Khushhali Bank has become an alliance partner of the Association of Chartered Certified Accountants (ACCA) after it was awarded an approved employer certification by the association on Wednesday.... Liechtenstein asked to fight financial crime VADUZ, March 5: The International Monetary Fund accused Liechtenstein of not doing enough to fight financial crime despite recent progress, increasing pressure on the country to reform its secretive banking sector.... Karachi Port operations KARACHI, March 5: Six ships carrying chemicals, steel and to load clinkers are due to arrive at the outer anchorage on Thursday, according to KPT sources.... Port Qasim KARACHI, March 5: Four ships carrying containers, chemicals and palm oil arrived at the outer anchorage during the last 24 hours, said a PQA press release on Wednesday.... Fresh panic buying on cotton market KARACHI, March 5: Bullish trend was again witnessed on the cotton market on Wednesday as a new price flare-up on the New York future market triggered fresh panic buying by spinners and mills.... Accord for Islamic mutual fund KARACHI, March 5: The Pak Oman Asset Management Company Limited (POAMCL) and Meezan Bank have entered into a technical services and support agreement.According to the agreement, Meezan Bank will facilitate POAMCL... Takaful cover KARACHI, March 5: Pak-Qatar Family Takaful will provide Takaful coverage to participants of Atlas Pension Islamic Fund.... Poultry rates KARACHI, March 5: The following are Thursday’s poultry market rates:... Asian stocks close mostly down HONG KONG, March 5: Asian stocks closed mostly down on Wednesday over concerns about the US economy and after China’s premier pledged to curb his nation’s high economic growth as consumer prices surge.... Gold steady in London LONDON, March 5: Gold steadied on Wednesday after trimming gains as the dollar gained ground against the euro, but analysts said the long-term bull trend remained intact and the metal still had $1,000 an ounce in its sights.... Palm oil prices lower JAKARTA, March 5: Indonesian palm oil market saw little activity on Wednesday as a sharp drop in Malaysian palm oil futures prompted buyers to hold back looking for lower prices....

Contributions Privacy Policy © DAWN Media Group , 2008