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| July 15, 2008 | Tuesday | Rajab 11, 1429 |
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Cement prices hit record high
KARACHI, July 14: Cement prices of various brands hit a record peak of Rs355-395 after the budget as the same was available at Rs290-310 before. In May the price had been hovering around Rs240-270 per 50 kg bag.... 
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Property tax collection falls short of target
KARACHI, July 14: Property tax collection fell short by Rs21.50 million in Sindh during 2007-08....
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No accord with govt on flour price: Millers put off strike
KARACHI, July 14: The flour millers in Karachi have been persuaded to put off their strike on Tuesday and sell wheat flour at Rs24.50 a kg to the consumers....
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Oil price rebounds on supply worries
LONDON, July 14: Crude oil prices swung on Monday back towards last week’s record highs as oil workers in Brazil began a five-day strike that further tightened global energy supplies, traders said....
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Conditional relief to textile sector likely
KARACHI, July 14: The government is dropping broad hints of accommodating ‘maximum possible’ demands of textile exporters provided they give a firm commitment of bringing in $15 billion in export earnings during 2008-09....
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Govt working to provide relief to the poor: Gilani
LAHORE, July 14: Prime Minister Yousuf Raza Gilani has said that his government was working to provide relief to the poor of the poor and a meeting of Economic Coordination Committee...
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Accord for wind turbine
BEIJING, July 14: In order to promote alternative energy, especially with wind generation, a Pakistani enterprise has signed a memorandum of understanding (MoU) with China’s one of the world top wind turbine manufacturers, the company sources said....
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Why govt ignored Ogra proposal?: 31pc gas tariff hike
KARACHI, July 14: While industry and other segments of the society continue to agitate against the recent increase in gas tariff, it is a mystery why the government agreed to 31...
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Rupee ends firmer
KARACHI, July 14: The rupee ended firmer on Monday as dealers said there were fewer import payments but they added the outlook was bleak because of widening current account and fiscal deficits and inflation at a 30-year high....
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Trade policy draft review today
ISLAMABAD, July 14: A high-level meeting will review the draft trade policy 2008-09 on Tuesday envisaging a host of measures for kicking off growth in exports and arrest the rising trend in imports....
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Crosby Dragon Fund announces dividend
KARACHI, July 14: Crosby Asset Management (Pakistan) Limited, Pakistan’s first and only completely independent and international asset management company, announced bonus dividend of Rs30 per unit for the unit holders of its wholly managed Crosby Dragon Fund....
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TBs auction
KARACHI, July 14: The State Bank of Pakistan said on Monday it would auction Rs60 billion worth of 3-, 6-, and 12-month Treasury bills this week....
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KSE 100-share index plunges by 518 points
KARACHI, July 14: Trading on the massively battered share market on Monday resumed under the new funding regime, CFS Mk-2, ensuring enormous liquidity for the prospective investors on a bearish note...
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Etisalat Q2 profit up 58pc on Saudi deal
DUBAI, July 14: Emirates Telecommunications Corp (Etisalat) posted a 58 per cent jump in second-quarter profit on Monday, boosted by the sale of a stake in its Saudi affiliate....
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Karachi Port operations
KARACHI, July 14: Eight ships carrying DAP fertiliser, coal and to load cement are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, July 14: Three ships carrying containers and chemicals were accommodated berths on Sunday, said a PQA press release on Monday....
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Brisk buying on cotton market
KARACHI, July 14: Physical activity on the cotton market on Monday was brisk as spinners continued to build up long positions around the current levels apparently fearing fresh increase in prices, brokers said....
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Malaysia issues three licences for Islamic funds
KUALA LUMPUR, July 14: Malaysia has given Islamic fund management licences to three financial institutions as part of a drive to develop its sharia-compliant capital market, the country’s market regulator said on Monday....
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China to begin trial of legalised small lenders
SHANGHAI, July 14: China will soon begin a trial to bring a multi-billion-dollar sector of its grey economy into the open by legalising a raft of unlicensed money lenders, state media and an official said on Monday....
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Eurozone industrial output slumps
BRUSSELS, July 14: Factories and refineries in the 15 nations sharing the euro ratcheted down production in May at the fastest rate in nearly 16 years amid growing economic headwinds, according to official EU data on Monday....
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S. Arabia approves oil concession
RIYADH, July 14: Saudi Arabia’s cabinet authorised on Monday the extension of an oil concession held by US major Chevron in its Neutral Zone shared with Kuwait....
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China money supply up
SHANGHAI, July 14: China’s broad measure of money supply rose 17.37 per cent year-on-year in June, the central bank said on Monday, as analysts warned policy-makers to tighten policy to keep inflation in check....
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Asian stocks close mostly down
HONG KONG, July 14: Asian stocks closed mostly down on Monday despite moves in the US to shore up the country’s huge but troubled mortgage sector, with investors also jittery ahead of key economic data....
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Indian rupee weakens
MUMBAI, July 14: The Indian rupee weakened on Monday, as traders bought dollars locally to arbitrage in offshore markets and cash in on the high rate differential....
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Karachi market rates
KARACHI, July 14: The following were Monday commodity market rates in rupees....
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