Low Graphics Site

March 18, 2008 Tuesday Rabi-ul-Awwal 9, 1429 Industrial output falls 4.12pc in December: Growth target in jeopardy ISLAMABAD, March 17: Industrial output declined by 4.12 per cent in December 2007, compared to the same month last year, according to data issued by the Federal Bureau of Statistics on Monday.... Three-pronged strategy to boost exports LAHORE, March 17: Lahore Chamber of Commerce and Industry President Mohammad Ali Mian has proposed a three-pronged strategy to promote country’s exports and improve the perception of the country abroad....   Govt blamed for not tackling EU fish ban KARACHI, MARCH 17: The ban on Pakistan seafood exports to the European Union (EU) member states has completed one year. Exporters have, however, been trying to nullify the impact of the... FTO orders check on wrongdoings in bill of lading KARACHI, March 17: The Federal Tax Ombudsman (FTO) has directed the chief collector of Customs to formulate rules for freight forwarders to make it incumbent upon them to work under a customs licence.... Inflation fears subdue business sentiments on KSE KARACHI, March 17: The share market on Monday gave a cautious welcome to the new popularly elected assembly as the KSE 100-share index could not sustain the initial enthusiasm on the... LPG body retracts on its price cut move LAHORE, March 17: The All Pakistan LPG Distributors Association on Monday said that it could not decrease price by Rs10 per kg as the distributors do not have that kind of margin available.... Remittances up by 21pc KARACHI, March 17: Despite discouraging economic indicators, overseas Pakistanis have increased their efforts to send more foreign exchange, reflecting their confidence in the country’s economy.... Costly petroleum to hit exports KARACHI, March 17: Business and industry leaders while slamming the second increase in the petroleum prices feel that this will not only increase the cost of production further, but will also... Oil near $112 LONDON, March 17: World oil prices soared to new highs near $112 on Monday as the US currency slumped to a fresh low against the euro, sparking a rush of funds into dollar-priced commodities, traders said.... Oil, gas production up KARACHI, March 17: The oil and gas production in Pakistan has increased by 8.4 per cent and 2.9 per cent to 72,487 barrels a day and 3.974... Textile industry identifies issues FAISALABAD, March 17: The latest increase in the prices of petroleum products has also escalated cost of textile exports, making Pakistan’s textiles less competitive in the world market.... Discounting in tight money market KARACHI, March 17: Banks borrowed Rs19.65 billion from the State Bank Pakistan’s discount window on Monday in a tight inter-bank market, and dealers expect the bank to inject funds into the market through open market operation.... Financial storm WASHINGTON, March 17: President George W. Bush said on Monday he expects the United States to ride out a financial storm that is roiling markets, with support of his administration and the Federal Reserve.... 20,000 cotton bales change hands on active trading KARACHI, March 17: Trading on the cotton market on Monday resumed on higher note as leading mills and spinners were not inclined to take a technical breather and lifted all the lots offered by the ginners even at the higher rates.... US stocks plunge NEW YORK, March 17: The stunning news on Sunday night that JPMorgan Chase would acquire the beleagured investment bank Bear Stearns for a fire-sale price of $236 million, or $2 a... KSE soon to become public entity KARACHI, March 17: The status of Karachi Stock Exchange will soon be changed from a corporate entity to that of a ‘public entity’ -- a term usually referred to as being ‘demutualised’.... Dollar hits record low, gold new peak LONDON, March 17: The dollar plunged to a new trough against the euro on Monday, undermined by the collapse of US bank Bear Stearns, which powered oil and gold to record heights as investors sought refuge from turbulence.... Karachi Port operations KARACHI, March 17: Eleven ships carrying tallow, palm oil and to load cement and ethanol are due to arrive at the outer anchorage on Tuesday, according to KPT sources.... Port Qasim KARACHI, March 17: Two ships to load/offload containers and chemicals were berthed during the last 24 hours, said a PQA press release on Monday.... BoE injects liquidity LONDON, March 17: The Bank of England said on Monday it had pumped 5.0 billion pounds ($10bn) into short-term money markets to combat the ongoing global squeeze on credit.... EU milk output BRUSSELS, March 17: EU farm ministers on Monday agreed to allow European farmers to increase milk production by two per cent, despite opposition from Germany, in the face or higher demand and dairy prices.... Asian stocks tumble on US jitters HONG KONG, March 17: Asian stocks suffered fresh turmoil on Monday as investors dumped both stocks and the dollar on fears more US banks could be vulnerable to the credit crisis that crippled Bear Stearns, dealers said.... Malaysian palm oil slides KUALA LUMPUR, March 17: Malaysian crude palm oil futures fell as much as 4.7 per cent to touch a one-month low on Monday as weaker global soyaoil markets and talk of a build-up in palm reserves dragged down prices, dealers said.... Karachi market rates KARACHI, March 17: The following were Monday’s commodity market rates in rupees.... No recession PARIS, March 17: Europe is not threatened by recession at the moment, but the IMF plans to cut its growth forecast for the region, the top International Monetary Fund official for Europe said on Monday.... Conversion rates KARACHI: The following are March 18 State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer certificates, and special US dollar bonds....

Contributions Privacy Policy © DAWN Media Group , 2008