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| September 12, 2008 | Friday | Ramazan 11, 1429 |
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Rice consumers still paying more: Stockists flood markets
KARACHI, Sept 11: The wholesale prices of various rice varieties have fallen sharply after the stockists flooded the markets with the commodity in view of its declining prices on the world markets turning exports less attractive.... 
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Services’ export jumps by 18.9pc
ISLAMABAD, Sept 11: The services sector export is up by 18.93 per cent during the first month (July) of the current fiscal year over the corresponding month of last year, suggested data of federal bureau of statistics (FBS) here on Thursday....
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Sindh freezes accounts of industrial estate firms
KARACHI, Sept 11: The Sindh government has frozen bank accounts of industrial management companies formed for development of infrastructure in four major industrial estates in Karachi that include Korangi, Landhi, F B Area and North Karachi....
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Banks asked to extend farm loans on easy terms
KARACHI, Sept 11: The State Bank of Pakistan wants all the banks to employ their additional resources in agro-business as its analysis on banks’ mark-up rates and pricing mechanism for agro-financing...
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Rahman hints at cut in petrol price
KARACHI, Sept 11: Adviser for Interior Rahman Malik has assured the businessmen that the government is actively considering different options to reduce the price of petroleum products....
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SSGC overcharging 7pc users
KARACHI, Sept 11: About 148,000 zero-consumption gas users, who constitute 7.20 per cent of the total SSGC customers, are billed each month as minimum gas users....
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Reserves fall to $9.1bn
KARACHI, Sept 11: The country’s foreign exchange reserves fell to $9.10 billion in the week that ended on Sept 6, from $9.13 billion in the previous week, the State Bank of Pakistan said on Thursday....
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Oil prices slide
LONDON, Sept 11: Oil prices tumbled to six-month lows below 97 dollars on Thursday as dollar rallied and the likelihood of a sharp global economic slowdown loomed over demand growth, traders said....
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Crude output drops
KARACHI, Sept 11: Crude oil production has plunged 12.5 per cent to 64,423 barrels per day (BPD) during July 2008 as against 73,601 bpd in the corresponding month last year....
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US trade deficit swells
WASHINGTON, Sept 11: The US trade deficit rose by a worse-than-expected six per cent in July to 62.2 billion dollars on high oil prices and surging Chinese imports, the Commerce Department said on Thursday....
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Stocks down on mounting border tension
KARACHI, Sept 11: Stocks fell across-the-board on Thursday on nervous selling triggered by Gen Kiayani’s warning to the United States to keep off the Pakistan borders in an obvious reference to recent air attacks in the tribal areas....
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LNG conference
KARACHI, Sept 11: The first Pakistan natural gas and LNG conference and exhibition will be held from Oct 21 to 22 in Lahore....
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Germany set for 2nd mega banking deal
BERLIN, Sept 11: In what would be the third mega-deal in German retail banking in two months, Deutsche Bank has confirmed it is looking at an acquisition that would more than double its high street customer base....
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Karachi Port operations
KARACHI, Sept 11: Four ships carrying containers, coal and to load cement are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Ginners indulge in nervous selling
KARACHI, Sept 11: Cotton prices on Thursday remained under pressure as some of the ginners indulged in nervous selling fearing fresh fall in prices followed by reports of weakness of the foreign markets....
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EU finance chiefs brace for recession fight
NICE (France), Sept 11: Averting a recession in Europe will be the burning issue for EU finance chiefs meeting on Friday and Saturday on the French Riviera as the euro and stocks tumble on fears of a downturn....
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Eurozone
WARSAW, Sept 11: Euro bills and coins are used everyday by 321 million Europeans but the European currency is still far from becoming the sole form of cash used across the 27-state European Union.—AFP...
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Asian stock markets tumble
HONG KONG, Sept 11: Asian stocks tumbled on Thursday after ailing US investment bank Lehman Brothers hit investor sentiment by posting more hefty losses due to the global financial crisis and credit crunch....
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Palm oil futures down
JAKARTA, Sept 11: Malaysian crude palm oil futures ended down nearly 1 per cent on Thursday, recouping some losses after falling as much as 2.3 per cent on worries over slowing overseas demand....
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Gold lower in Europe
LONDON, Sept 11: Platinum slipped more than 4 per cent and palladium 5 per cent in Europe on Thursday as fears over the outlook for automotive sector demand sparked selling....
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Karachi market rates
KARACHI, Sept 11: The following were Thursday commodity market rates in rupees....
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