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| July 20, 2008 | Sunday | Rajab 16, 1429 |
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Pakistan has no trade in 81pc of world products: Top 200 items account for 91pc of exports
ISLAMABAD, July 19: Pakistan does not figure in 81 per cent of products traded in the world as its top 200 export products account for 91 per cent of its total... 
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Over 100 businessmen fear bankruptcy: Loan swapping
KARACHI, July 19: More than 100 businessmen, including over a dozen textile tycoons, fear bankruptcy from cross-currency transactions with foreign banks, carried out with the approval of State Bank of Pakistan...
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Bush assures US economy will ‘pull through’
WASHINGTON, July 19: US President George W. Bush assured Americans on Saturday that the battered US economy will “pull through” despite continuing housing woes and a spike in inflation....
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MoU on trade signed with Morocco
KARACHI, July 19: Pakistan and Morocco have signed an agreement to enhance bilateral trade and investment and to exploit vast potential of economic cooperation exists between them....
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Accord inked for first grain, fertiliser terminal
KARACHI, July 19: Pakistan’s first grain and fertiliser terminal would be established at Port Qasim by the Fauji Akbar Portia Marine Terminals (FAP), a joint venture between the Fauji Foundation and the Akbar Group....
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Investment under CFS falls by 9.7pc
KARACHI, July 19: The investment under continuous funding system (CFS) suffered a sharp decline of 9.7 per cent at Rs27.23 billion owing to turmoil on the share market amid falling values....
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Cement Makers earn huge profits: Export up 182pc in value, 162pc in quantity
KARACHI, July 19: While consumers suffered heavily by paying higher cement prices, the outgoing fiscal year proved cheerful for the cement producers, who made profits with 162 per cent increase in...
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Recent hike in prices defended
KARACHI, July 19: The cement manufacturers have said that the increased cost of production has resulted in recent price hike of around 64.5 per cent or Rs147 per bag against the cement price quoted about a year ago....
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Treasury bills
KARACHI, July 19: The State Bank of Pakistan sold Rs13 billion of Treasury bills on Saturday under two-day repo contracts at 9.95 per cent to mop up funds from the money market.—Reuters...
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Scepticism cast over Saudi oil capacity
RIYADH, July 19: Claims and counter claims, with definite political slant, continue to confound the energy dynamics. The picture is far from clear and is getting increasingly difficult to decipher and see through with each passing day....
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Japanese firm to invest $100m in IT
KARACHI, July 19: A reputed Japanese company has announced to invest $100 million in information technology in Pakistan which will have a potential of generating 3,000 jobs....
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Prices stay firm on cotton market
KARACHI, July 19: Cotton market maintained a firm trend on Saturday despite the fact that the new trade policy was silent on the widely rumoured textile package....
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US eyes higher premiums to replenish bank fund
WASHINGTON, July 19: Banks holding volatile deposits gathered by third parties may be charged higher premiums to bolster the fund used to insure deposits at failed banks, the head of the Federal Deposit Insurance Corp said on Friday....
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Germany warned against recession
BERLIN, July 19: Growth in Europe’s biggest economy could beat forecasts for this year and although 2009 will be weaker there should be no talk of recession, German Finance Minister Peer Steinbrueck said on Saturday....
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Prgmea hails imports from India
SIALKOT, July 19: Pakistan Readymade Garment Manufacturers and Exporters Association (Prgmea) has welcomed the government’s decision to import selected non-traditional items from India....
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SABIC profit up
RIYADH, July 19: Saudi Basic Industries Corp (SABIC) said second-quarter net profit rose 16.5 per cent to a record after it consolidated earnings of GE’s plastics unit and raised sales amid a global economic slowdown....
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Honda’s new car
LAHORE, July 19: Auto industry needed a long-term and consistent auto policy to achieve the vision of 500,000 units by year 2011....
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Karachi market rates
KARACHI, July 19: The following were Saturday commodity market rates in rupees....
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Karachi Port operations
KARACHI, July 19: Nine ships carrying rock phosphate, crude oil and to load cement are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
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Oil plunges, dragging most commodities lower
LONDON, July 19: Oil prices slumped this week as traders worried the slowing US economy would dampen demand from the world’s biggest energy consumer, sparking losses across other key commodity markets....
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Dollar holds ground after Citigroup earnings
NEW YORK, July 19: The dollar held firm on Friday amid news that US banking giant Citigroup, hard-hit by a sharp downturn in the US housing market, posted a smaller than expected quarterly loss....
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New York cotton higher
NEW YORK, July 19: Cotton futures settled firmer Friday on late investor buying as it bucked weaker grains prices due to underlying bullish fundamentals in the market, brokers said....
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Gold down in US
NEW YORK, July 19:- Gold retraced from its session lows but still ended 1 per cent lower on Friday, as signs of stability in financial markets reduced bullion’s safe-haven appeal in times of market turmoil....
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