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| August 07, 2008 | Thursday | Sha’aban 4, 1429 |
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Prices of ghee, oil decline
KARACHI, Aug 6: The prices of ghee and cooking oil in the local market have fallen after palm olien rates declined in international market. However, the producers of branded ghee and oil have not reduced their rates.... 
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Sharia banking may touch $1trn in 2 years
LONDON, Aug 6: Today, the Sharia finance and banking industry is one of the fastest growing markets in the world and is estimated to be worth more than US$1 trillion in...
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Sept-Oct sell-off plan finalised
ISLAMABAD, Aug 6: Minister for Privatisation, Investment and Finance Syed Naveed Qamar on Wednesday directed the Privatisation Commission (PC) to finalise the schedule for disinvesting various public sector entities during September-October 2008....
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Rupee falls close to record low
KARACHI, Aug 6: The gradual depreciation once again put the rupee close to record low against the dollar reflecting the rising demand for the greenback as well as the weakness of the economy....
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Ginners to continue strike as talks with govt fail
LAHORE, Aug 6: After failure of talks with the government, the Pakistan Cotton Ginners Association (PCGA) has decided to continue its ongoing strike....
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Oil stays firm
LONDON, Aug 6: World oil prices steadied on Wednesday as news of a surprise jump in US crude reserves was offset by a heavier-than-expected drop in motor fuel stockpiles, traders said....
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Six pension funds okayed
ISLAMABAD, Aug 6: The Security and Exchange Commission of Pakistan (SECP) has approved six pension funds under the voluntary pension system to promote and regulate development of private pension schemes and funds in the country....
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Demutualisation rules approved
KARACHI, Aug 6: The Securities and Exchange Commission of Pakistan (SECP) and the Karachi Stock Exchange (KSE) have agreed on a final draft of the “Stock Exchanges Corporatisation, Demutalisation and Integration) Rules, 2008....
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SBP’s control over NBFCs opposed
ISLAMABAD, Aug 6: The Securities and Exchange Commission of Pakistan (SECP) has warned the federal government that its proposal to bring Non-Bank Financial Companies (NBFCs) under the regulatory control of State...
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Govt urged to restore dealers’ sale margins
LAHORE, Aug 6: The Pakistan Petroleum Dealers Association (PPDA) on Wednesday asked the government to withdraw the reduction in their margins or risk strike by the petroleum dealers....
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Industry seeks end to harassment by taxmen
KARACHI, Aug 6: Industrialists have asked the Sindh government to take measures for reducing visits of field staff of multiple tax collecting agencies to industrial units....
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Stocks shed 363.6 points on impeachment talk
KARACHI, Aug 6: The KSE 100-share index on Wednesday failed to extend the overnight rally and again fell below the base level of 10,000 points on renewed selling triggered by reports...
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Karachi Port operations
KARACHI, Aug 6: Berthing activity was maintained on the higher side at the Karachi port on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, Aug 6: Four ships scheduled to load/offload containers, chemicals, iron ore and palm oil were accommodated berths during the last 24 hours...
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Cotton maintains bullish outlook
KARACHI, Aug 6: Cotton prices maintained a bullish outlook on Wednesday as pressure on ready supplies owing to ongoing ginners strike did not allow spinners to keep to the sidelines....
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Towel industry in crisis
KARACHI, Aug 6: A large number of towel units have been closed thereby rendering around 500 looms out of production....
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Minister’s assurance to flour millers
ISLAMABAD, Aug 6: The government would give sympathetic consideration to the demands of flour mill industry and their problems would be resolved on priority basis, said Minister for Food and Agriculture Nazar Muhammad Gondal....
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Gold rises in Europe
LONDON, Aug 6: Gold rose 1 per cent in Europe on Wednesday as investors took advantage of a three-day fall in prices to buy below the key $900 an ounce support level....
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Asian stocks close up after oil price slide
HONG KONG, Aug 6: Asian stocks rose sharply on Wednesday after sliding oil prices ignited a Wall Street rally and lifted some of the gloom shrouding the global economy....
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Palm oil prices higher
JAKARTA, Aug 6: Malaysian crude palm oil futures rose 1.45 per cent on Wednesday, lifted by short-covering after touching a new nine-month low a day earlier, but sentiment remained weak on worries about shipment defaults....
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Karachi market rates
KARACHI, Aug 6: The following were Wednesday commodity market rates in rupees....
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