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| September 02, 2008 | Tuesday | Ramazan 1, 1429 |
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First urea shipment expected tomorrow
ISLAMABAD, Sept 1: The first urea shipment of 22,000 tons will arrive here on Wednesday for improving its availability in rice and cotton belts of Punjab and Sindh.... 
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Utility stores attract rush on Ramazan eve
KARACHI, Sept 1: The outlets of the Utility Stores Corporation (USC) witnessed a virtual rampage of buyers on the eve of Ramazan to procure essential items at discounted prices here on Monday....
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Oil prices slide below $110
LONDON, Sept 1: Oil prices dived to four-month lows on Monday, sliding below 110 dollars in London as a weakening Hurricane Gustav reduced the threat of damage to energy facilities in the Gulf of Mexico, analysts said....
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Contract for import of wheat awarded
KARACHI, Sept 1: The Trading Corporation of Pakistan (TCP) has awarded a contract for import of 80,000 tons of wheat to the lowest bidder....
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Flat growth in POL consumption
KARACHI, Sept 1: The consumption of furnace oil, motor gasoline, kerosene and JP-1 has declined by 6.8pc, 3pc, 28.9pc and 9.6pc in July 2008 mainly due to rising oil prices....
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Islamic financing for farm sector
KARACHI, Sept 1: The State Bank has devised comprehensive guidelines to provide Islamic financing to the agriculture sector and a detailed report of the task force was issued on Monday....
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Stakeholders want steps to overcome urea shortage
MULTAN, Sept 1: Stake-holders of rural economy have urged the government to import fertiliser on an emergency basis owing to its shortage to avoid agricultural commodities shortfall in the country....
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Goldman Sachs mutual fund in India
MUMBAI, Sept 1: Goldman Sachs said it has regulatory approval to launch mutual funds in India, joining the likes of AIG, JPMorgan and South Korea’s Mirae Asset who have started operations in the past 18 months....
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Govt urged to discourage export of raw material
KARACHI, Sept 1: The Pakistan Apparel Forum (PAF) has urged the government to discourage export of agro-based products, like cotton and other edibles, to ensure their smooth supply to the domestic market....
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Risk management in Islamic banking
KARACHI, Sept 1: Islamic banking has shown a tremendous growth and is fulfilling the requirement of the people....
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Gulf inflation surges
RIYADH/ABU DHABI, Sept 1: Inflation in key Gulf Arab nations surged to multi-decade highs in mid-2008 on relentless rises in food and rental costs, new data showed on Monday, posing new challenges to the region’s central banks....
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Stocks stay flat amid sluggish trading
KARACHI, Sept 1: Stocks on Monday passed through another lean session as leading investors and institutional traders kept to the sidelines most of the time as was reflected by fractional either-way...
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Karachi Port operations
KARACHI, Sept 1: Five ships carrying RBD palm oil, urea and coal are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, Sept 1: Four ships carrying containers, palm oil and chemicals were accommodated berths on Sunday, said a PQA press release on Monday....
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Buying spree continues on cotton market
KARACHI, Sept 1: Firm trend was again witnessed on the cotton market on Monday as prices remained stable around the weekend levels amid a briskly traded session....
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Taiwan to cut fuel surcharge
TAIPEI, Sept 1: Taiwan’s aviation authorities announced on Monday that domestic airlines would cut fuel surcharges on international routes to reflect cheaper oil prices....
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Oil output up for 4th month in Aug
LONDON, Sept 1: Oil producing countries oil supply rose for a fourth consecutive month in August, mainly due to higher output from Iran and smaller increases in Nigeria and Angola, a Reuters survey showed on Monday....
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Company news
KARACHI: National Foods on Monday declared 500 per cent bonus shares after posting a profit after tax of Rs156.548 million during the year ended on June 30, 2008....
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Thai inflation
BANGKOK, Sept 1: Thailand’s inflation rate in August fell back from a 10-year high to 6.4 per cent mostly due to falling world oil prices, the commerce ministry said on Monday....
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Gold prices higher
LONDON, Sept 1: Gold rose to $832.00/834.70 an ounce from $830.35/832.35 an ounce on Monday in London....
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Asian stocks tumble on global economic fears
HONG KONG, Sept 1: Asian shares suffered heavy falls on Monday, including a slide of over four per cent in the South Korean stock market as the global economic slowdown rattled investors again....
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Indian rupee closes lower
MUMBAI, Sept 1: The Indian rupee closed at its lowest level against the dollar in nearly 1-years on Monday as importers stepped up dollar purchases and as a record monthly trade deficit weakened sentiment....
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Karachi market rates
KARACHI, Sept 1: The following were Monday commodity market rates in rupees....
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