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| July 16, 2008 | Wednesday | Rajab 12, 1429 |
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Textile industry calls off strike
LAHORE, July 15: The Faisalabad textile industry called off strike after a meeting of business leaders with Prime Minister Yousuf Raza Gilani here on Tuesday.... 
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Larkana Industrial Estate declared tax-free zone
ISLAMABAD, July 15: Prime Minister Syed Yousuf Raza Gilani has declared Larkana Industrial Estate as a tax-free zone for a period of 10 years....
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Sindh seeks 10-year tax holiday for industry
KARACHI, July 15: Sindh has urged the federal government to allow a 10-year tax holiday to cottage and small industries with a view to promote industrialisation....
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SECP examines real estate valuations
KARACHI, July 15: Draft rules for the financial product – Real Estate Investment Trust (REIT) -- were launched in July 2007. The purpose was to provide investors an opportunity to invest...
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Abad seeks ban on cement export
KARACHI, July 15: The Association of Builders and Developers (Abad) has demanded of the government to ban cement export and force the manufacturers to first meet country’s requirements....
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LSM growth remains 4.7pc
KARACHI, July 15: Large Scale Manufacturing (LSM) sector, backbone of the economy, could hardly achieve a growth half of what it achieved last year, reflecting growing dependence of the economy on services sector....
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12 firms offer to generate 3,839MW
ISLAMABAD, July 15: Twelve power companies on Tuesday came up with offers to add 3,839MW of power generation capacity on fast-track basis before September 2009 against the government’s demand of 1,500MW....
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Bush, Bernanke try to cool economic storm
WASHINGTON, July 15: As financial market turmoil intensified on worries of a banking crisis, US President George W. Bush and Federal Reserve chairman Ben Bernanke sought on Tuesday to calm jitters while warning of a bumpy road to economic recovery....
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Gold price hits Rs22,071
KARACHI, July 15: The yellow metal hit a record price of Rs22,071 per 10 grams on Tuesday after an increase of Rs643 from Rs21,428 a day before on the back of...
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Oil prices slip
LONDON, July 15: Oil prices fell heavily on Tuesday, erasing earlier gains, as traders feared that slower economic growth in the United States could dampen future demand....
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Stocks fall below 11,000; volume soars
KARACHI, July 15: After several lean sessions, trading volume on the stock market on Tuesday soared to a respectable total of 155 million shares amid active either-way activity as investors fully...
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Rupee dips 1pc vs dollar
KARACHI, July 15: The rupee closed more than one per cent weaker on Tuesday as demand for dollars rose due to import payments and worries about portfolio outflows from the stock market, dealers said....
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Cotton price fall triggers hectic buying
KARACHI, July 15: Brisk activity was witnessed on the cotton market on Tuesday as spinners and mills made hectic covering purchases after ginners lowered their prices by Rs100 to Rs150 per maund....
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Karachi Port operations
KARACHI, July 15: Six ships carrying containers, general cargo and to load clinker are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, July 15: Two ships scheduled to load/offload containers and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Tuesday....
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Income fund
KARACHI, July 15: Arif Habib Investment Management Limited and Central Depository Company have signed a trust deed of an open-end income fund “Pakistan Income Enhancement Fund” which will be offered to investors next month....
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Asian stocks slump on US fears
HONG KONG, July 15: Asian shares sank Tuesday on fears that a deepening US financial sector crisis and soaring oil costs will further sap faltering world economic growth....
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Palm oil higher
KUALA LUMPUR, July 15: Malaysia crude palm oil futures rose 0.7 per cent on Tuesday as players looked beyond dismal export data from cargo surveyors, saying overseas demand will recover soon due to the looming Asian festive season....
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Karachi market rates
KARACHI, July 15: The following were Tuesday commodity market rates in rupees....
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