|
| August 01, 2008 | Friday | Rajab 28, 1429 |
|
Disbursement to poor may touch Rs42bn
KARACHI, July 31: Disbursement under the Benazir Income Support Programme is expected to touch Rs42 billion as against budgetary provision for Rs34 billion this fiscal year because of expected increase of one million households over and above 3.4... 
|
|
Meezan Bank to launch Rs2bn Sukuk
KARACHI, July 31: Meezan Bank will launch Rs2 billion Sukuk bonds for Eden Builders....
|
|
||
|
Cotton price hits fresh peak
KARACHI, July 31: Cotton prices soared to a new high of Rs4,300 per maund on Thursday as spinners and mills were not inclined to take even a technical breather haunted by market talk of another short crop....
|
|
FPCCI concerned over export
KARACHI, July 31: The Federation of Pakistan Chambers of Commerce and Industry has strongly reacted over a report that Pakistan would export 50,000 short staple cotton bales in 2008-09....
|
|
|
||
|
Sindh govt to ban sale of industrial plots
KARACHI, July 31: The Sindh government would impose a ban on sale and purchase of industrial plots and is planning strict action against those, who acquire a plot for industrial purpose, and later sell it without setting an industry....
|
|
Rs66bn revenue collected in July
ISLAMABAD, July 31: The Federal Board of Revenue (FBR) collected Rs66 billion during the first month (July) of the current fiscal year against the target of Rs64.4 billion....
|
|
|
||
|
National steel policy draft prepared
ISLAMABAD, July 31: The Engineering and Development Board (EDB) of the ministry of industries and production has prepared a draft of the long-term national Steel Policy to cover the widening demand...
|
|
Reserves fall to $10.487bn
KARACHI, July 31: Pakistan’s foreign reserves fell $241 million to $10.487 billion in the week that ended on July 26 due to outgoings for import payments, the central bank said on Thursday....
|
|
|
||
|
Relief formula charges more tax
KARACHI, July 31: The formula of marginal tax relief introduced by the Federal Board of Revenue (FBR) for salaried persons is not only defective but also cause negative impact on tax...
|
|
Rs15 billion T-bills sold
KARACHI, July 31: The State Bank of Pakistan sold Rs15 billion of Treasury bills on Thursday under 2-day repo contracts at 10.30 per cent to mop up funds from the money market....
|
|
|
||
|
India willing to rejoin WTO talks
NEW DELHI, July 31: India said on Thursday it was willing to return to the negotiating table to work out a new global trade deal but warned it would not make any compromises that could hurt poor farmers....
|
|
Oil retreats after weak US data
LONDON, July 31: Oil retreated on Thursday after an early bounce, pressured by bearish data on the economy in top energy consumer the United States....
|
|
|
||
|
Lack of flexibility leads to failure
ISLAMABAD, July 31: Smaller economies, like Pakistan, need an agreement at the WTO because it is the only international forum where we can negotiate on an even footing with any and all potential trading partners....
|
|
Money rates up, rupee firmer
KARACHI, July 31: Short-term money rates jumped on Thursday after central bank conducted a repo to mop up liquidity from the money market and the rupee firmed slightly....
|
|
|
||
|
Stocks turn lower, lose 269.44 points
KARACHI, July 31: The share market again turned lower on Thursday on hasty selling in leading oil shares triggered by reports of cap on margins of oil marketing companies and cut in deemed duty of refiners to 7.5...
|
|
Benefits of e-filing
KARACHI, July 31: Speakers at a seminar termed e-filing system as taxpayer friendly mechanism, saying that it will provide long-term benefits to taxpayers and make them audit free within a few years....
|
|
|
||
|
Karachi Port operations
KARACHI, July 31: Seven ships including three cement loaders are expected to arrive at the outer anchorage on Friday, according to KPT sources....
|
|
Port Qasim
KARACHI, July 31: Six ships carrying containers, diesel oil, palm oil, coke and phosphoric acid were accommodated berths during the last 24 hours, said a PQA press release on Thursday....
|
|
|
||
|
Weak dollar, tax rebates bolster US GDP growth
WASHINGTON, July 31: A boom in exports and tax rebates to tens of millions of Americans helped bolster US economic growth to an annualised 1.9 per cent during the second quarter, a government report showed on Thursday....
|
|
Build Asia expo
KARACHI, July 31: The 4th Build Asia 2008 -- international housing and construction industry show -- will be held from August 2 to 4 at the Karachi Expo Centre....
|
|
|
||
|
Eurozone July inflation hits record of 4.1pc
BRUSSELS, July 31: Euro zone inflation surged to another record high at 4.1 per cent year-on-year in July, data showed on Thursday, although a bleak economic outlook may discourage a further official interest rate rise this year....
|
|
Asian stocks up amid flurry of earnings
HONG KONG, July 31: Asian shares closed mostly up on Thursday after a Wall Street rally and despite a sharp rise in oil prices, with investors digesting a flurry of corporate earnings statements....
|
|
|
||
|
Palm oil higher
KUALA LUMPUR, July 31: Malaysian crude palm oil futures climbed 1.9 percent on Thursday as strong export data from cargo surveyors lifted market spirits amid strengthening crude oil prices....
|
|
Gold bounces after slide
LONDON, July 31: Gold bounced in Europe on Thursday as investors, encouraged by a slight softening of the dollar and a firmer tone to oil, hunted bargains after the metal hit a five-week low in the previous session....
|
|
|
||
|
Karachi market rates
KARACHI, July 31: The following were Thursday commodity market rates in rupees....
|
|
|
|
|
||
