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| May 25, 2008 | Sunday | Jamadi-ul-Awwal 19, 1429 |
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Budget-makers likely to review fiscal measures: State Bank’s monetary package
KARACHI, May 24: The recent monetary package announced by the State Bank of Pakistan may force budget-makers to look again at their proposed fiscal measures for the next budget so as... 
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Rules for vehicle assembling approved
ISLAMABAD, May 24: The Auto Industry Development Committee (AIDC) approved rules for assembling of vehicles in its second meeting on Saturday....
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Body fails to agree on PSDP size
ISLAMABAD, May 24: A 2-day meeting of the Annual Plan Coordination Committee (APCC) on Saturday failed to firm up the size of the new federal Public Sector Development Programme (PSDP) due...
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Banking system facing liquidity crunch: SBP injects Rs23bn
KARACHI, May 24: The banking system faced a liquidity crunch on Saturday, the first real impact of the State Bank of Pakistan’s decision to increase banks reserves with it....
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5,000 acres allocated for industrial zones
SUKKUR, May 24: Sindh Minister for Works and Services Manzoor Hussain Wassan has said that 5,000 acres have been allocated for establishment of three new industrial zones....
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Milk centres to be set up in Sindh villages
KARACHI, May 24: The Sindh livestock and fisheries department has invited commercial companies to set up a collection and marketing network in interior of the province to purchase meat and milk...
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CFS rates touch new peak
KARACHI, May 24: The CFS rates on the Karachi Stock Exchange last week soared to current year’s high of 17.84 per cent, up by 384 basis points owing to prevailing turmoil...
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China to issue 3G licences
HONG KONG/SHANGHAI, May 24: China will issue three licences for high-speed third-generation mobile phone services and called for a merger of China Unicom and Netcom, two of its four biggest telecoms providers, in a long-awaited industry revamp....
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Non-textile products export up by 32.8pc
ISLAMABAD, May 24: The export of non-textile products witnessed a substantial increase of 32.86 per cent during the first 10 months of the current fiscal year over the same period last year mainly on account of rice exports....
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Govt urged to check LPG prices
KARACHI, May 24: The LPG Distributors Association Pakistan has urged the government to evolve a mechanism to control rising liquid petroleum gas prices....
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60pc of oil price termed pure speculation
RIYADH, May 24: With crude prices hovering around $135-mark and no immediate end in sight to market turbulence, the question what is pushing the market to dizzying heights is of real concern....
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Insipid conditions prevail on cotton market
KARACHI, May 24: Quieter conditions prevailed on the cotton market on Saturday as spinners kept to the sidelines apparently because of delivery problems....
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Indonesia hikes fuel prices by 30pc
JAKARTA, May 24: Indonesia hiked the cost of fuel by around 30 per cent on Saturday in response to soaring global oil prices and a ballooning subsidy bill, leaving hard-pressed households facing even more economic woe....
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Karachi Port operations
KARACHI, May 24: Seven ships carrying containers and chemicals are due to arrive at the outer anchorage on Sunday, according to KPT sources....
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Port Qasim
KARACHI, May 24: Three ships carrying containers, palm oil and furnace oil were accommodated berths during the last 24 hours, said a PQA press release on Saturday....
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Malaysia keeps lid on oil prices
KUALA LUMPUR, May 24: Malaysia has no plans to raise pump prices of petrol and diesel despite mounting fuel subsidies following record crude oil prices, a minister said on Saturday....
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US, Japan agree to calm rice market
WASHINGTON, May 24: US and Japanese officials agreed on Friday that quick action was needed to address global hunger and bring stability to the world rice market, the office of the US trade representative said....
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Oil smashes records, metals shine
LONDON, May 24: Oil prices stormed to record highs this week, spiking above $135 as investors showed no let-up in their thirst for black gold amid tight supplies, high demand and a weak dollar....
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New York cotton ends down
NEW YORK, May 24: US cotton futures ended down one per cent on Friday, off the session’s 5-1/2 month lows, as the market continued to languish from a lack of interest not seen in many other commodities....
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Saudi inflation shoots up
RIYADH, May 24: Annual inflation in the world’s top oil exporter Saudi Arabia rose to 10.5 per cent in April, its highest level in at least 27 years, fuelled mainly by rents and food prices....
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China may turn net coal importer
BEIJING, May 24: China, the world’s top coal producer and consumer, may turn into a net coal importer this year due to shipping bottlenecks, the head of the China Coal Transport and Sales Association said on Saturday....
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US share prices tumble
NEW YORK, May 24: US shares tumbled on Friday as a new rise in crude oil futures dampened sentiment and investors refrained from taking new positions ahead of a three-day holiday weekend....
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Dollar slides
NEW YORK, May 24: The dollar pulled back against the euro Friday on US data showing no relief in sight for the worst housing slump in decades in the world’s largest economy....
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Dubai gold imports fall
DUBAI, May 24: Dubai’s first quarter gold imports dropped 7.6 per cent to 122 tons compared to the same period in 2007, as bullion prices rose to a record above $1,000...
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