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| July 18, 2008 | Friday | Rajab 14, 1429 |
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Trade policy to be unveiled today
ISLAMABAD, July 17: The PPP-led coalition government will unveil its first trade policy for 2008-09 on Friday afternoon amid growing trade deficit due to rising oil prices and slowing exports.... 
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Loan insurance scheme for farmers
KARACHI, July 17: The State Bank of Pakistan has announced launching of a crop loan insurance scheme for farmers throughout the country from Rabi season....
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NCEL to launch two new contracts
KARACHI, July 17: The National Commodity Exchange Limited (NCEL) will launch two new deliverable future contracts in mini gold and palm olien in the middle of the next month....
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Oil prices slip on slow economy
LONDON, July 17: Oil prices fell again on Thursday after slumping by more than $10 over the past two days on prospects that slowing economic growth would cut demand for crude, traders said....
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Corporate sector’s social duty highlighted
LAHORE, July 17: Corporate social responsibility should be viewed as an opportunity rather than a liability for businesses, according to Dr Shehla Javed Akram, President, Punjab Women Chamber of Commerce and Industries (WCCI)....
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Farm credit up by 25pc in FY08
KARACHI, July 17: Disbursement of credit to the agriculture sector by commercial and specialised banks has risen by 25.31 per cent year-on-year to Rs211.561 billion during 2007-08, surpassing the indicative target of Rs200 billion....
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Rupee loses 4pc against dollar in three days
KARACHI, July 17: The rupee remained under pressure on Thursday for the third consecutive day and lost about four per cent against the dollar suggesting that the recent steps by the State Bank of Pakistan have failed to check its devaluation....
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PTDC Shelves plan to sell 10 motels
RAWALPINDI, July 17: Ministry of tourism and culture has decided to run 10 of the 29 PTDC motels itself, which were earlier included in the final list of 29 and forwarded to the Privatisation Commission for sale....
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Non-textile exports up 40pc at $8.659bn
ISLAMABAD, July 17: Textile and clothing exports dipped by 2.5 per cent to $10.561 billion in 2007-08 from $10.787 billion over the same period last year, the Statistics Division’s data revealed on Thursday....
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Reserves fall below $11bn
KARACHI, July 17: Pakistan’s foreign exchange reserves fell $292 million to $10.83 billion in the week that ended on July 12, due to heavy outgoings for import payments....
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Stocks cut losses on late buying
KARACHI, July 17: The KSE 100-share index at one stage on Thursday appeared to be heading to breach through its base barrier of 10,000 points on renewed selling triggered by reports...
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Dollar wobbles
LONDON, July 17: The dollar wobbled against the euro on Thursday on weak US manufacturing and employment data after gaining ground on better-than-expected results from the bank JPMorgan Chase....
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Prices move up on cotton market
KARACHI, July 17: Physical activity on the cotton market on Thursday slightly slowed down as ginners raised their asking prices by about Rs100 per maund.In the ready section, some of the...
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KPT handles record cargo in 2007-08
KARACHI, July 17: The Karachi Port Trust (KPT) handled a record 1.213 million containers in 2007-08 which included 626,598 Teus of import and 587,146 boxes of export cargo, showing a growth of 11.9...
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Karachi Port operations
KARACHI, July 17: Three ships carrying containers, crude oil and to load clinker are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Plan to attract investment in hydropower generation
ISLAMABAD, July 17: The National Electric Power Regulatory Authority has developed a mechanism to attract private sector investment in the field of hydropower generation....
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EOBI collections
KARACHI, July 17: The board of trustees of Employees Old-Age Benefits Institution has enhanced the contribution collection to Rs8 billion per annum instead of proposed Rs7.152...
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Global economy
WASHINGTON, July 17: The IMF on Thursday slightly raised its growth forecasts for the world including the United States but said the global economy remains in a “tough spot” due to rising inflation amid a slowdown....
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Asian stocks close mostly higher
HONG KONG, July 17: Asian shares made sharp gains on Thursday after a steep fall in oil prices and a Wall Street rally sparked bargain hunting, but doubts remained about long-term prospects due to US economic woe....
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Gold turns lower
LONDON, July 17: Gold turned lower on Thursday, giving up early gains after equities rallied and the dollar firmed, reducing the appeal of the precious metal as an alternative investment....
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Malaysian palm oil eases
KUALA LUMPUR, July 17: Malaysian crude palm oil futures fell nearly 1 per cent on Thursday as worries about sluggish overseas demand weighed on the market....
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Karachi market rates
KARACHI, July 17: The following were Thursday commodity market rates in rupees....
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