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| July 31, 2008 | Thursday | Rajab 27, 1429 |
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Security around copper project beefed up
QUETTA, July 30: The Balochistan government has decided to make special arrangements to provide full security to the Rico Dig copper-cum-gold project in Chagai district.... 
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Rate-hike response against SBP’s expectation
KARACHI, July 30: The market response to new monetary policy was against the expectation of the State Bank of Pakistan as the inter-bank money rate fell to even half per cent,...
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Oil rises to near $123
LONDON, July 30: Oil rebounded from lows to near $123 a barrel on Wednesday after US government data showed a drop in gasoline stocks last week, surprising analysts who had expected an increase....
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$900m sought from ADB to improve reserves
ISLAMABAD, July 30: Pakistan is desperately seeking $900 million from the Asian Development Bank by October this year to improve its fast depleting foreign exchange reserves....
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Three-month Treasury bill yield increased
KARACHI, July 30: The cut-off yield on 3-month Treasury bills rose at an auction on Wednesday to 12.1954 per cent from 11.7825 per cent previously, the State Bank of Pakistan said....
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Muslim common market advocated
LAHORE, July 30: Mashhad Chamber of Commerce, Industries and Mines president Gholam Hossein Shafeai has stressed the need for the establishment of a common market of Muslim countries as they had...
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Investment invited for Thar coal projects
WASHINGTON, July 30: Sindh Chief Minister Syed Qaim Ali Shah has invited the international companies to make investment in coal-fired power plants and other projects in the province assuring them of full support of his government....
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Doha round may take two more years
ISLAMABAD, July 30: The Doha round of talks is likely to take at least two more years for reaching a compromise on modalities for cuts in tariff and subsidies on agriculture and industrial goods....
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Dollar rises
NEW YORK, July 30: The dollar rose broadly on Wednesday as a report showing that US private sector unexpectedly added jobs in July raised prospects of an improvement in non-farm payrolls data on Friday....
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India, US attempt to salvage WTO talks fails
GENEVA, July 30: The United States and India both said on Wednesday they hoped to build on progress made before world trade talks collapsed, but clashed again on the issue that brought the meeting down....
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KSE 100-share index recovers 405 points
KARACHI, July 30: Stocks staged a snap rebound of about four per cent on Wednesday on the analysts’ perception that the one per cent hike in discount rate would not have...
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Lint prices jump on brisk buying
KARACHI, July 30: Cotton prices rose further by Rs50 to 100 per maund on Wednesday as spinners and mills virtually tried to grab the floating stock irrespective of the asking prices....
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Karachi Port operations
KARACHI, July 30: Nine ships carrying palm oil and raw jute and to load molasses and clinkers are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, July 30: Five ships scheduled to load/offload containers, cement and chemicals were berthed during the last 24 hours, said a PQA press release on Wednesday....
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Home textiles seek R&D
KARACHI, July 30: Leaders of home textiles have taken strong exception to the government’s move to allow research and development (R&D) support only to the apparel sector as has been indicated...
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Minister backs carpet city idea
ISLAMABAD, July 30: Finance Minister Syed Naveed Qamar has appreciated the idea of establishing a carpet city to boost local production for export....
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FPCCI trade mission to visit Turkey
KARACHI, July 30: A delegation of the Federation of Pakistan Chambers of Commerce and Industry will visit Istanbul to attend an international business congress from Oct 22....
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Air ticketing accord
KARACHI, July 30: Pakistan International Airlines (PIA) and Crescent Commercial Bank (CCBL), a subsidiary of Samba Financial Group, KSA, signed an agreement for installation of PIA’s first-ever e-ticketing kiosk at the ATM lobby of CCBL branch at Clifton....
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Asian stock markets close higher
HONG KONG, July 30: Asian stocks rose on Wednesday as investors wagered that the worst news from US banks might be over and took heart from a strengthening dollar and falling oil prices....
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Palm oil prices up
KUALA LUMPUR, July 30: Malaysian crude palm oil futures rose 0.8 per cent on Wednesday, heading towards the key 3,000 ringgit level as investors flooded back into the market to take positions on expectations of surging Asian festival demand....
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Karachi market rates
KARACHI, July 30: The following were Wednesday commodity market rates in rupees....
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