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| August 06, 2008 | Wednesday | Sha'aban 3, 1429 |
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Fund comes to market rescue
KARACHI, Aug 5: Equity Market Opportunity Fund (EMOF) came to the rescue of the stock market on Tuesday, after all other planks plastered by the regulators crashed under the weight of... 
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Ogra raises wellhead gas prices by 35pc
ISLAMABAD, Aug 5: The Oil and Gas Regulatory Authority (Ogra) has increased wellhead gas prices up to an unprecedented 35 per cent for 12 production companies with effect from July 1,...
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Banks finalise Benazir programme
KARACHI, Aug 5: Banks on Tuesday finalised Benazir Income Support Programme at a meeting held at the State Bank of Pakistan....
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KCCI seeks extension in date for applications: Site at N. Bypass
KARACHI, Aug 5: The Karachi Chamber of Commerce and Industry has sought extension in the last date for filing applications for plots in industrial estate on Northern Bypass in Karachi up to September 30....
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Gold loses Rs1,543 in two weeks
KARACHI, Aug 5: Local gold price plunged by over Rs1,543 per 10 grams in the last 14 days owing to a downward trend in the world gold prices caused by falling crude oil prices....
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Oil prices slide below $119
LONDON, Aug 5: Oil prices fell another 2.0 dollars on Tuesday to beneath 119 dollars a barrel, as slowing US demand for energy offset tensions over crude-rich Iran, traders said....
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Stocks stage recovery of 189.29 points
KARACHI, Aug 5: Stocks recovered modestly from the recent lows on Tuesday on active short-covering at the lower levels as leading financial institutions provided the needed moral support to massively mauled...
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Local firm to explore gold in Thar
KARACHI, Aug 5: The Mines and Minerals Department of Sindh has granted a licence to Zaver Mining Company for exploration of gold in Nagarparker area of Tharparkar in a concession area of 997 sq km....
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Millers meeting minister today: Ban on wheat movement
KARACHI, Aug 5: Top leaders of All Pakistan Flour Mills Association (APFMA) are meeting Federal Food Minister Nazar Mohammad Gondal on Wednesday in Islamabad to demand lifting ban on inter-provincial wheat movement imposed by the Punjab government....
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Move to discourage imports
ISLAMABAD, Aug 5: To discourage unnecessary imports, the government has appointed a high-level committee to examine and identify various imported items to be taxed, says a senior government official....
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World oil consumption: Pakistan ranks 38th
KARACHI, Aug 5: Pakistan ranked 38th in world oil consumption with 324,000 barrels per day while the United States held the number one position with a consumption of 20,730,000 bbl/day....
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Hubco declares 10 per cent dividend
KARACHI, Aug 5: The Board of Directors of Hubco has recommended Rs1 per share i.e. 10 per cent final dividend for the year ended on June 30, 2008....
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Yellow metal falls 2pc
LONDON, Aug 5: Gold plunged more than 2 per cent in Europe on Tuesday....
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Northern Rock wins capital boost
LONDON, Aug 5: Nationalised British bank Northern Rock said on Tuesday that the state would boost its capital by 3.0 billion pounds (3.7 billion euros, 5.9...
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Karachi Port operations
KARACHI, Aug 5: Seven ships carrying containers, general cargo and to load cement are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, Aug 5: An oil tanker, Sea Lion, carrying 66,234 tons of furnace oil was accommodated berth on Monday, said a PQA press release on Tuesday....
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Trading resumes partially on cotton market
KARACHI, Aug 5: Trading resumed partially on the cotton market on Tuesday as ginners had decided to process the phutti stocks already in their factories but resolved not to indulge in fresh deals with the growers, market sources said....
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Swiss Re profits plunge by 53pc
ZURICH, Aug 5: Swiss Re, the world’s biggest reinsurer, reported a 53-per cent fall in second-quarter net profits to 564 million Swiss francs, ($536.7 million) on Tuesday....
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Textile leaders seek incentives
FAISALABAD, Aug 5: Pakistan textile exporters have been denied even a level-playing field, while its competitors -- China and India -- give rebates and subsidy on textile exports....
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Dollar firm against euro
LONDON, Aug 5: The dollar held firm against the euro on Tuesday, buoyed by a fall in oil prices and as investors awaited what was expected to be a Federal Reserve decision to leave US interest rates unchanged....
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Asian stocks close mostly down
HONG KONG, Aug 5: Asian stocks closed mostly down on Tuesday as investors worried about the cooling world economy, disappointing corporate profits and crucial upcoming interest rate decisions....
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Palm oil hits 9-month low
JAKARTA, Aug 5: Malaysian crude palm oil futures dived as much as 6.6 per cent to hit fresh nine-month lows on Tuesday as weak crude oil markets and high stock levels battered sentiment....
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Karachi market rates
KARACHI, Aug 5: The following were Tuesday commodity market rates in rupees....
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