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| April 16, 2008 | Wednesday | Rabi-us-Sani 9, 1429 |
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Change in agriculture can meet food needs
RAWALPINDI, April 15: Agricultural production will be increasingly constrained by the declining availability and degradation of water in the countries of Asia and the Pacific with implications for food production, says a report which puts development at heart of Asia-Pacific security.... 
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Dubai property boom revives Hundi trade
KARACHI, April 15: The UAE dirham is in higher demand than the US dollar in the local market, which has boosted the “Hundi” business in the country once again....
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Govt urged to ensure palm oil supply to upcountry
ISLAMABAD, April 15: The Pakistan Vanaspati Manufacturers’ Association (PVMA) on Tuesday urged the government to ensure smooth flow of palm oil from Karachi to the upcountry to avert any shortage of ghee in the market....
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Oil price spikes to near $114
LONDON, April 15: The price of New York oil surged to a new record high $113.93 a barrel on Tuesday, boosted by a weak US currency and tight energy supplies after Opec held its demand forecast, traders said....
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Dollar gains against euro
LONDON, April 15: The dollar strengthened across the board on Tuesday, briefly hitting a seven-week high against the pound following a raft of robust data from the United States....
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Swiss banking image damaged
GENEVA, April 15: Switzerland’s financial centre has not only taken a financial knock from the global credit crisis, but enormous damage has also been done to its image, a top banker said on Tuesday....
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Phone calls to Pakistan made costlier
KARACHI, April 15: The Pakistan Telecommunication Authority (PTA) has increased Approved Settlement Rate (ASR) by 100 per cent, which would make calling to Pakistan more expensive....
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Sindh to produce 3.4m tons of wheat
KARACHI, April 15: Conflicting claims are being made about wheat production in Sindh this season....
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Govt plans to sign more free trade pacts
KARACHI, April 15: Federal Commerce Minister Shahid Khaqan Abbasi said here on Tuesday that the government would initiate free trade agreements (FTAs) with various countries....
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Al-Baraka converted into local bank
LAHORE, April 15: The Board of Directors has decided to convert the Al-Baraka Islamic Bank from a foreign bank to a locally registered bank in Pakistan....
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Kazakhstan halts wheat exports
ASTANA, April 15: Kazakhstan on Tuesday halted all wheat exports until September 1 in a bid to tackle rising food prices, the Central Asian state’s government said in a statement....
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KSE 100-share index stages broad rally
KARACHI, April 15: The KSE 100-share index on Tuesday...
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Cotton maintains firm outlook
KARACHI, April 15: Cotton market maintained a firm trend on Tuesday as prices remained stable around the previous levels amid light trading....
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Karachi Port operations
KARACHI, April 15: Three vessels carrying containers are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, Apr 15: Four ships to load and offload containers, rice, general cargo and diesel oil arrived at the outer anchorage during last 24 hours....
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Plea for cotton hedging
KARACHI, April 15: The Karachi Cotton Brokers Forum has urged the new government to resume hedge trading in raw cotton. It also called for increasing lint production to meet the rapidly growing requirement of the textile industry....
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US wholesale prices rise
WASHINGTON, April 15: Surging energy and food costs stoked US wholesale prices by a much larger-than-expected 1.1 per cent in March amid mounting concerns about accelerating inflation, a government report showed on Tuesday.The...
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Asian stocks close mostly up
HONG KONG, April 15: Asian stocks closed mostly up on Tuesday but a fresh record for crude oil, fears for US corporate earnings and the slowing global economy limited the recovery from a steep slide in the previous session....
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Meezan Car Ijarah
KARACHI, April 15: Meezan Bank, Pakistan’s first and largest Islamic bank and Pak-Kuwait Takaful Company Limited, Pakistan’s first Takaful company have signed an agreement to provide free tracker facility along with a comprehensive Takaful to Meezan Bank’s Car Ijarah customers....
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ECB reports cash demand by eurozone banks
FRANKFURT, April 15: Chronic tension on eurozone money markets was demonstrated on Tuesday by two European Central Bank operations that showed banks were much more interested in obtaining cash than in turning it back in....
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Malaysian palm oil rises
KUALA LUMPUR, April 15: Malaysian palm oil futures rose more than 2 per cent to a three-week high on Tuesday, supported by rising enquiries from Indian and Chinese importers, traders and analysts said....
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Gold prices higher in London
LONDON, April 15: Gold gained more than 1 per cent on Tuesday as record high oil prices and a weaker dollar encouraged investors to put money into precious metals....
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