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| July 22, 2008 | Tuesday | Rajab 18, 1429 |
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Deadline for banks stock exposure extended
KARACHI, July 21: The State Bank of Pakistan has extended deadline for banks’ total stock market exposure (not exceeding 50 per cent of their equity) to June 30, 2009.... 
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Naveed Qamar visits KSE today
KARACHI, July 21: Syed Naveed Qamar, Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatisation, would visit the Karachi Stock Exchange on Tuesday....
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Current account gap widens to $14.4bn
KARACHI, July 21: Pakistan’s current account deficit reached $14.4 billion at the end of last fiscal year, State Bank of Pakistan reported on Monday....
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Sindh wants to retain coal authority
KARACHI, July 21: The Sindh government wants to retain the Sindh Coal Authority as entirely a provincial agency with an expanded board of directors to give representation to the federal petroleum...
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Islamabad shifts $4.1bn global trade to Delhi
ISLAMABAD, July 21: Pakistan has diverted its global trade worth $4.132 billion towards India following inclusion of 438 new importable items in the positive list during the past 10 months, officials told Dawn on Monday....
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India buys 10,000 cotton bales from Pakistan
KARACHI, July 21: Indian spinners have purchased around 10,000 cotton bales from Pakistan at 75 cents per lb for urgent delivery....
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Mills to pay Rs2.5bn cane dues by Aug 15
KARACHI, July 21: Sugar mills have agreed to pay Rs2.5 billion cane dues to growers by Aug 15....
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Oil drifts higher
LONDON, July 21: Oil prices nudged higher on Monday on news of stormy weather that may threaten energy facilities in the US Gulf of Mexico and after fruitless talks between the United States and crude producer Iran, traders said....
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Oil hike to push up prices of kitchen items
KARACHI, July 21: As the cost of living is set to rise after historic increase in oil prices, the bread makers are the first to add to the consumers’ plight by...
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KSE index gains 139 points
KARACHI, July 21: Stocks staged a smart recovery on Monday on active short-covering at the lower levels in the leading bank and oil shares ahead of the visit of the State...
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Buses import from India flayed
KARACHI, July 21: The Pakistan Association of Automotive Parts and Accessories Manufacturers has flayed the decision of allowing import of 10-year old CNG buses from India in the trade policy....
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Bullish trading on cotton market
KARACHI, July 21: Trading on the cotton market resumed on a bullish note on Monday as some of the deals were finalised at a record high of Rs4,100 per maund on...
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Dollar slips against euro
LONDON, July 21: The dollar slipped back against the euro and yen in European trade on Monday as players took quick profits amid persistent concerns over the outlook for the US economy and the banks, analysts said....
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Saudi Pak okays asset management company
ISLAMABAD, July 21: The board of directors of Saudi Pak Industrial and Agricultural Investment Company has approved the setting up of “Saudi Pak Asset Management Company” with initial paid-up capital of Rs250 million....
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DAP price may cross Rs5,000
ISLAMABAD, July 21: The DAP fertiliser would be available at more than Rs5,000 per 50kg bag in a couple of months, said Manzoor Ahmed Khan Wattoo, the prime minister’s adviser on Industries and Production....
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Karachi Port operations
KARACHI, July 21: Eight container vessels are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, July 21: Berthing activity was slow as only one container vessel was accommodated berth on Sunday, said PQA press release on Monday....
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ECO meeting on 24th
KARACHI, July 21: The Economic Cooperation Organisation (ECO) is holding its executive committee and general assembly meeting here on Thursday (July 24)....
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Palm oil tumbles
KUALA LUMPUR, July 21: Malaysian crude palm oil futures dived 5.7 per cent on Monday to a near four-month low as crude oil’s steepest ever one week slide last week battered vegetable oil markets from the United States to China....
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Asian stocks higher on falling oil prices
HONG KONG, July 21: Asian stocks rose strongly on Monday, with some markets up over three per cent as lower oil prices and better Wall Street performance gave investors the courage to hunt for bargains after this year’s steep falls....
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Gold climbs 1 per cent
LONDON, July 21: Gold rose more than 1 per cent in Europe on Monday as oil prices firmed after talks between Iran and world powers over the Islamic Republic’s nuclear programme...
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Karachi market rates
KARACHI, July 21: The following were Monday commodity market rates in rupees....
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