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| September 03, 2008 | Wednesday | Ramazan 2, 1429 |
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Businessmen differ on prospects of stability after Sept 6
KARACHI, Sept 2: While optimists predict the quick beginning of an economic recovery process soon after September 6 elections for presidency as the focus of decision makers in Pakistan and Western... 
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CCP takes notice of misleading ads by banks
ISLAMABAD, Sept 2: The office of fair trade (OFT) of the Competition Commission of Pakistan (CCP) has taken cognizance of possibly misleading advertisements by banks with respect to interest rates on long-term deposits....
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ADB recommends structural changes
ISLAMABAD, Sept 2: A delegation of the Asian Development Bank headed by Jesus Felipe gave a presentation at the Planning Commission on “Competitiveness and Structural Transformation in Pakistan,” here on Tuesday....
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10,000 tractors for Punjab farmers
MULTAN, Sept 2: The Punjab government has launched a green tractor scheme with an objective to promote agriculture sector and in this regard invited applications from farmers in the province....
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Stocks gain 19 points, volume plunges to 8.8m
KARACHI, Sept 2: Trading volume on the stock market on Tuesday fell to a second all-time lowest at 8.882m shares as investors kept to the sidelines apparently awaiting the post-presidential election political scenario....
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China assures investment in projects
ISLAMABAD, Sept 2: Chinese Ambassador to Pakistan Luo Zhaohui called on Salman Farouqui, deputy chairman Planning Commission on Tuesday and discussed a wide- range of economic and development issues....
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Poultry meat rates surge above Rs200/kg
KARACHI, Sept 2: The two poultry associations are perceived to be manipulating prices with the advent of Ramazan. A wholesalers’ body jacked up the rate of live bird to Rs116 per...
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Oil prices fall below $105
LONDON, Sept 2: Oil prices tumbled on Tuesday to four-month lows below $105 a barrel after Hurricane Gustav spared energy facilities in the Gulf of Mexico and the US currency strengthened, analysts said....
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New pipeline to boost gas exports to Russia
MOSCOW, Sept 2: Prime Minister Vladimir Putin clinched an outline deal with Uzbekistan on Tuesday to build a new pipeline to boost Central Asian gas exports to Russia, part of a strategy to strengthen Moscow’s regional energy dominance....
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Euro hits six-month low
LONDON, Sept 2: The euro on Tuesday slid below $1.45 for the first time since February as the market anticipated lower interest rates in the eurozone and stronger growth in the United States, analysts said....
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OECD hikes US growth forecast for 2008
PARIS, Sept 2: The Organisation for Economic Cooperation and Development on Tuesday raised its forecast for US economic growth this year but cut its estimates for Japan and the eurozone, and said Britain faced recession....
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Date for tax statements extended
ISLAMABAD, Sept 2: The Federal Board of Revenue (FBR) has extended the last date for filing of annual withholding tax statement till Sept 5 to facilitate taxpayers....
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Robust trading on cotton market
KARACHI, Sept 2: Physical activity on the cotton market on Tuesday was maintained on the higher side as spinners and mills again indulged in panic-buying and lifted another 30,000 bales amid reports that the stock position was terribly low....
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Need to boost Indo-Pak trade stressed
KARACHI, Sept 2: “Increased trade and investment between Pakistan and India would be the harbinger of peace and friendship and could go a long way to mitigate distrust and hostility between the two neighbours”....
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Karachi Port operations
KARACHI, Sept 2: Ten ships carrying urea, containers 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, Sept 2: Three ships scheduled to load/offload containers, crude oil and palm oil were accommodated berths during the last 24 hours, said a PQA press release on Tuesday....
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MoU signed
KARACHI, Sept 2: The Institute of Chartered Accountants of Pakistan (ICAP) and Marketing Association of Pakistan signed a memorandum of understanding at ICAP building recently, says a press release....
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Company news
KARACHI, Sept 2: Affan Haidar, manager corporate communications, Telenor Pakistan has been awarded the Helpline Trust CSR Award for 2007-08....
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Oil deal
BAGHDAD, Sept 2: Iraq’s cabinet has approved a $3 billion oil service contract with China, the government of Prime Minister Nuri al-Maliki said on Tuesday, in a move that could signal the shape of anticipated future oil deals....
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Gold falls in Europe
LONDON, Sept 2: Gold dropped over two per cent towards $800 an ounce on Tuesday, after a steep drop in oil prices and a rally in the dollar reduced the precious metal’s appeal....
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Asian stocks close mostly down
HONG KONG, Sept 2: Asian shares closed mostly down on Tuesday as political turmoil in Thailand, the Japanese premier’s surprise resignation and sliding regional currencies darkened the mood....
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Palm futures drop 7pc
JAKARTA, Sept 2: Malaysian crude palm oil futures dropped 7 per cent on Tuesday on faltering crude oil, wiping out their Friday gains as the market resumed trade after a long weekend, dealers said....
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Karachi market rates
KARACHI, Sept 2: The following were Tuesday commodity market rates in rupees....RAPESEED (per 40 kg): Dadulane 1,300 to 1,350; Mirpurlane 1,550 to 1,600; Nawabshah 1,675 to 1,700; Castor...
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