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| June 01, 2008 | Sunday | Jamadi-ul-Awwal 26, 1429 |
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Oil subsidy phase-out in 2 years proposed
KARACHI, May 31: Dr Hafiz Pasha, a well-known economist, has proposed that subsidy on oil prices be phased out in the next two years and a well thought out strong social... 
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Saudi riyal to continue peg with dollar
RIYADH, May 31: Despite growing speculation that some other Gulf Arab states may join Kuwait in de-pegging their currencies with the US dollar, Saudi Arabia has vowed not to end its...
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New wave of price-hike hits consumers
KARACHI, May 31: The cost of living of common man has further increased with a new wave of soaring prices of essential commodities led by wheat flour, rice, sugar, pulses etc...
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Car prices raised third time in 3 months
KARACHI, May 31: The Pak Suzuki Motor Company Limited has increased the car prices by Rs15,000-30,000 in cars and LCVs and Rs40,000-50,000 in Liana petrol and CNG version....
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Trade team leaves for Toronto
KARACHI, May 31: Former president of Federation of Pakistan Chambers of Commerce & Industry S. M. Muneer leading a trade delegation left for Toronto, Canada, to attend celebrations of 25th anniversary of Canada-Pakistan Business Council from June 1 to 7.The...
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Fiscal stability must for sustained growth: State Bank’s third quarterly report
KARACHI, May 31: The State Bank of Pakistan does not seem to be enthusiastic supporter of providing subsidies and views fiscal stabilisation necessary for sustaining growth momentum that is threatened by worsening macro-economic indicators in Pakistan.It...
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Deterioration in balance of payments accelerated
KARACHI, May 31: The State Bank of Pakistan said on Saturday that the deterioration in overall balance of payments accelerated during the July-April period of 2007-08....
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Price stability seen difficult in short run
KARACHI, May 31: The State Bank of Pakistan on Saturday highlighted the importance of productivity improvements for arresting the rising inflation, but said restoring price stability may prove challenging in the short-run....
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Stress on increasing farm productivity
KARACHI, May 31: The State Bank of Pakistan said on Saturday that the water shortage seen in Rabi FY08 is likely to continue in the first phase of Kharif FY09....
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Growers lead exporters in first-ever agro-export zone
KARACHI, May 31: The Sindh government has allotted 70 per cent of plots to growers in the country’s first agro-export processing zone on Super Highway while 30 per cent have been given to exporters....
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Assessing true value of oil for pricing
RIYADH, May 31: The problem with oil is that it was too low priced in past, argues Dr Ramzi Salman, the adviser to Qatar’s Deputy Prime Minister and Minister of Energy...
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Karachi Port operations
KARACHI, May 31: Berthing activity at the wharves on Saturday was maintained on the higher side where seven ships were berthed as port agencies tried to clear the inward rush of foreign flag vessels, according to KPT sources....
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Selective buying mars cotton trading
KARACHI, May 31: Physical business on the cotton market on Saturday was light as spinners and mills made selective buying mainly of premium lots, the highest rate being Rs4,000 per maund, floor brokers said....
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Oil prices dive after recent record highs
LONDON, May 31: Oil prices this week sank further from record heights above $135 a barrel as concerns eased over tight supplies, high demand and as the dollar recovered....
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New York cotton settles lower
NEW YORK, May 31: Cotton futures finished lower Friday on sales by small investors in quiet dealings and the lack of news may lead to quiet business going into next week, brokers said.The...
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Gold ends higher
NEW YORK, May 31: Gold ended more than 1 percent higher on Friday after hitting a two-week low, as a weaker dollar, oil gains and sharp declines in bullion prices in past sessions attracted investors and bargain hunters....
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Dollar dips as hopes for Fed rate hike fade
NEW YORK, May 31: The dollar lost some ground late on Friday as the euro rebounded in the wake of US economic news that traders said reduced the likelihood the Federal Reserve would move to raise interest rates anytime soon....
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Wall Street steady amid easing economic woes
NEW YORK, May 31: Wall Street opens the month of June with guarded optimism, as hopes mount that the worst of the economic storm is over and that the peak has passed for surging crude oil prices....
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Karachi market rates
KARACHI, May 31: The following were Saturday commodity market rates in rupees....
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