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| September 14, 2008 | Sunday | Ramazan 13, 1429 |
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Situation in Fata depressing businessmen
KARACHI, Sept 13: The uncertainty triggered by increasing US attacks in the tribal areas is hurting business sentiments in Karachi, Lahore and other cities, but businessmen are not forthcoming with a direct and straight comment because of obvious reasons.... 
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Stocks: Ever heard of ‘floor’ before?
KARACHI, Sept 13: Simon Cox of the Emerging Markets Stock Invest Fund (Hong Kong) was visibly aghast with the Aug 27 decision of the Karachi Stock Exchange when it put a...
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Passco to buy rice from growers
MULTAN, Sept 13: The southern Punjab growers have welcomed the government’s decision to procure rice through Passco (Pakistan Agriculture Supplies and Storage Corporation) and said it would protect rice growers from manipulative tactics of the middlemen and private traders....
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Remittances rise by 23pc in two months
KARACHI, Sept 13: Remittances sent by the overseas Pakistanis soared by 23 per cent in the first two months of the current fiscal year (2008-09)....
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Govt to encourage low-cost vehicles
ISLAMABAD, Sept 13: Prime Minister Syed Yousuf Raza Gilani has said that his government will facilitate the manufacturing of low-cost vehicles....
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E-banking grows by 32pc: SBP
KARACHI, Sept 13: E-banking is flourishing in Pakistan as reflected by a 32 per cent growth witnessed in it last year, said a report prepared by the State Bank....
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Gilani asks for solutions to economic issues
ISLAMABAD, Sept 13: Prime Minister Syed Yousuf Raza Gilani on Saturday emphasised on the eminent economists and members of the academia to engage in an active dialogue for finding solutions to major economic problems....
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US lifts curbs on imported fuel
WASHINGTON, Sept 13: US President George W. Bush announced on Saturday restrictions on imported gasoline had been suspended in response to Hurricane Ike which had forced companies to abandon oil refineries along the Texas coast....
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UK economy heads for difficult times
LONDON, Sept 13: Britain still faces two difficult economic years, but government talk of facing the greatest challenge in 60 years is wide of the mark, Liberal Democrat Deputy Leader Vince Cable told Reuters in an interview....
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CFS rates fall amid low demand for funds
KARACHI, Sept 13: CFS rates on the Karachi Stock Exchange last week registered a decline of 1.4 per cent at 16.78 per cent as financial risks involved in fresh credit lines...
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Opec’s output cut move surprises analysts
RIYADH, Sept 13: By formally announcing a cut in output, Opec stunned many. Although there were speculations that in view of the falling prices, Opec may finally be forced into action, no one expected it to announce a formal cut....
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Easy trend continues on cotton market
KARACHI, Sept 13: Easier conditions were again witnessed on the cotton market on Saturday where prices showed fresh modest fall as some of the ginners continued to unload their long positions...
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Karachi Port operations
KARACHI, Sept 13: Seven ships carrying rapeseed and to load molasses and cement are due to arrive at the outer anchorage on Sunday, according to KPT sources....
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Port Qasim
KARACHI, Sept 13: Two ships carrying containers and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Saturday....
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Incentives for making low-emission vehicles
SYDNEY, Sept 13: The Australian government issued a discussion paper on reducing automobile carbon emissions on Saturday, with recommendations such as providing financial incentives for manufacturing low-emission cars....
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$750m loan for Georgia
WASHINGTON, Sept 13: The International Monetary Fund is scheduled to consider a $750 million loan programme for Georgia on Monday....
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Alitalia faces bankruptcy
ROME, Sept 13: Failing Italian airline Alitalia cannot guarantee any flights after Sunday because of lack of fuel, special administrator Augusto Fantozzi reportedly warned on Saturday as bankruptcy loomed....
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New York cotton settles higher
NEW YORK, Sept 13: Cotton futures finished higher on Friday on investor buying inspired in part by a weak dollar and higher grains prices, brokers said....
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Dollar wilts on weak US retail sales
NEW YORK, Sept 13: The dollar stumbled on Friday on an unexpected fall in US retail sales in anxious trading reflecting market uncertainty surrounding the fate of ailing US investment giant Lehman Brothers....
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Crude oil at six-month lows
LONDON, Sept 13: Crude oil futures slid to six-month lows below $100 this week and many other commodities fell as the dollar rallied and surveys pointed to lower demand for raw materials amid an economic slowdown....
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Karachi market rates
KARACHI, Sept 13: The following were Saturday commodity market rates in rupees....
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