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| August 10, 2008 | Sunday | Sha’aban 7, 1429 |
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FPCCI honours sacked FBR chief
KARACHI, Aug 9: The PPP government’s preference for retired bureaucrats for cushy jobs and its indecisive approach on vital business issues such as subsidy support on textile export has caused immense heart burning among the business leadership.... 
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Debt servicing eats up half of reserves
KARACHI, Aug 9: The amount of debt servicing has increased to become the strongest contender for the dollar, the most precious item for Pakistan as rising oil bills already slashed the reserves to just half within ten months....
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Investment under CFS suffers 10pc fall
KARACHI, Aug 9: The combined CFS and MK-II investment on the Karachi Stock Exchange suffered a sharp fall of 10 per cent at Rs24.2 billion last week as investors did not...
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TCP asked to begin sugar procurement
ISLAMABAD, Aug 9: The Economic Monitoring Committee (EMC) on Saturday directed the Trading Corporation of Pakistan (TCP) to procure sugar for improving its stock position....
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Plan to attract $150bn for power generation
ISLAMABAD, Aug 9: The government plans to soon finalise a strategy to attract $150 billion investment for additional 143,310MW power generation by 2030....
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Ban on new CNG outlets lifted in Balochistan
ISLAMABAD, Aug 9: The petroleum ministry has ordered the Oil and Gas Regulatory Authority (Ogra) and the provincial government of Balochistan to issue licences for construction of new compressed natural gas...
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‘Subsidy regime should be revised’
ISLAMABAD, Aug 9: Dr Murtaza Mughal, President, Pakistan Economy Watch (PEW), has said that the difference in buying power of different segments of society has made subsidies ineffective to some extent...
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Violence affects ship-breaking in Balochistan
KARACHI, Aug 9: The deteriorating law and order situation in Balochistan has adversely affected ship-breaking activity at Gadani, where the number of ships brought for scrapping during last three months plummeted to four....
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Boom in ME demand leaves less oil for export
RIYADH, Aug 9: Oil prices are on a downward slope since the peak attained on July 11. However, with the crude demand-supply balance still tight, spotlight seems moving on the growing...
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Prices of fruits surge sharply
KARACHI, Aug 9: Prices of various fruits have surged sharply as heavy rains in the northern areas have suspended their transportation. Worsening law and order situation in these areas has also made an impact on prices....
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Oil turns bearish, bulls may yet return
NEW YORK, Aug 9: In less than a month crude oil, which some saw hitting 200 dollars a barrel by year-end, has plunged 32 dollars but a rebound could happen, for example, over the Iranian nuclear crisis, analysts say....
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Lint prices fall further on hasty selling
KARACHI, Aug 9: Cotton prices posted fresh decline on Saturday as some of the ginners indulged in hasty selling followed by reports that supply position will improve after the end of the strike possibly by early next week....
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Karachi Port operations
KARACHI, Aug 9: Eight ships including three cement loaders are due to arrive at the outer anchorage on Sunday, according to KPT sources....
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Commodity prices drop as demand concerns weigh
LONDON, Aug 9: World oil prices tumbled this week, in line with almost all commodities, on mounting concern that slower economic growth in the United States will translate into lower global demand for raw materials....
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Dubai gold imports down 2.1pc
DUBAI, Aug 9: Dubai’s second-quarter gold imports fell 2.1 per cent to 143 tons, compared with a year ago, and exports plummeted 15.8 per cent to 64 tons, figures from the Dubai Multi Commodities Centre (DMCC) showed on Saturday....
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NY cotton ends lower
NEW YORK, Aug 9: Cotton futures lost more than 3 per cent by the close on Friday, caught up in broad-based commodity sell-off stemming from a US dollar rally....
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