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| September 16, 2008 | Tuesday | Ramazan 15, 1429 |
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Govt to adopt production-led growth strategy
KARACHI, Sept.15: The popular elected government is finally divorcing the concept of consumption-led growth to shift to production-led growth during the next five years for which the panel of well-known economists... 
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SBP sells Rs6.522bn Islamic bonds
KARACHI, Sept 15: The State Bank of Pakistan sold Rs6.522 billion worth of Ijara Sukuk (Islamic bonds) in its first auction held here on Monday with primary objective to promote Islamic banking....
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World stocks plunge after Lehman goes bankrupt
NEW YORK, Sept 15: The New York Stock Exchange plunged on Monday on the heels of European markets, responding to reports of the fall of another investment giant, Lehman Brothers, and faltering Merrill Lynch and AIG Financial group....
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Mills yet to clear Rs870m cane dues
KARACHI, Sept 15: Sugar mills have failed to make payment of Rs870 million to cane growers despite expiry of second deadline of September 10, which was extended by Ministry of Agriculture...
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JSIL posts Rs549m profit
KARACHI, Sept 15: JS Investments Limited (JSIL) announced financial results for the asset management company and closed-end funds under management for the fiscal year ended 30, 2008, on Monday....
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Growers, traders lock horn on MEP on basmati
KARACHI, Sept 15: Stakeholders in the rice trade project conflicting views over the issue of minimum export price (MEP). While some rice exporters and wholesalers demand immediate removal of MEP on basmati rice, the growers oppose the demand....
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Ministries differ on move to intervene in rice trade
ISLAMABAD, Sept 15: Ministries are divided on the proposed move of the government allowing the state-owned Trading Corporation of Pakistan (TCP) to purchase rice from growers for export.A...
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US, China to hold trade talks
WASHINGTON, Sept 14: The United States and China hold cabinet-level trade talks in California this week amid tensions over China’s massive export surplus and worries about the slowing global economy....
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Dollar rises sharply vs euro
LONDON, Sept 15: The dollar bounced back against the euro on Monday after suffering sharp falls in the wake of the Lehman Brothers bankruptcy declaration as anxious investors sought refuge in the US unit....
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EU for new WTO accord
GENEVA, Sept 15: The European Union on Monday proposed updating a World Trade Organisation agreement on high-technology products to include new models and neutralise a complaint from the United States, Japan and Taiwan....
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0.532m tons imported wheat arrive
KARACHI, Sept 15: A total of 532,538 tons of imported wheat has arrived in the country and about 325,051 tons has been delivered to the four provinces and the Utility Stores Corporation (USC)....
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Equity prices fall amid low turnover
KARACHI, Sept 15: The stock market on Monday passed through a terribly lean session as leading investors kept to the sidelines awaiting the advent of fund buying to stimulate sympathetic support...
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Final talks to save Alitalia airline
ROME, Sept 15: Last-ditch talks to save Italian airline Alitalia took place on Sunday, with prospective buyers, unions and the government struggling to agree on how to salvage the country’s flag carrier....
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Karachi Port operations
KARACHI, Sept 15: Eight ships carrying containers, imported wheat and to load molasses are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, Sept 15: Tow container vessels were accommodated berths on Sunday, said a PQA press release on Monday....
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Steady trend on cotton market
KARACHI, Sept 15: Trading on the cotton market on Monday resumed on a steady note as both sellers and the buyers maintained a status quo as far as spot rates were concerned....
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IMF expects financial sector to shrink
CAIRO, Sept 15: Dominique Strauss-Kahn, the head of the International Monetary Fund, said on Monday he expected the global financial sector to shrink as a result of the international credit crisis....
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UK supermarkets to feel heat as food inflation rises
LONDON, Sept 15: Signs that food price inflation is close to a peak could herald tougher times for Britain’s supermarket groups, which have so far been comparatively resilient to a slowdown in consumer spending growth....
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Bidding for Hazara Phosphate on 25th
ISLAMABAD, Sept 15: The Privatisation Commission has finalised all arrangements for the sale of minimum of 90 per cent shares of Hazara Phosphate Fertilisers (Private) Limited (HPFL) to qualified parties on Sept 25....
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GM sees slower sales
DETROIT, Sept 15: General Motors Corp sees signs of slower auto sales in Europe and China although there are also signs sales in the United States, the largest auto market, may...
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China appeals against WTO ruling
GENEVA, Sept 15: China has appealed against a ruling by the World Trade Organisation (WTO) that its import regime for car parts is illegal, its first defeat in a dispute at the international trade body, the WTO said on Monday....
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Gold up in Europe
LONDON, Sept 15: Gold climbed more than 2 per cent after Lehman Brothers filed for bankruptcy protection, spurring buying of gold as a safe haven from risk and knocking the dollar to two-month lows against the yen....
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Asian stocks tumble on Lehman crisis
HONG KONG, Sept 15: Markets across Asia tumbled Monday on new fears over the state of the global financial system as Wall Street giant Lehman Brothers said it would file for bankruptcy....
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Palm oil prices lower
KUALA LUMPUR, Sept 15: Malaysian crude palm oil futures tumbled 5.9 per cent on Monday to hit a 15-month low as crude oil fell further below the key $100-a-barrel milestone, dragging down other vegetable oils, traders said....
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Karachi market rates
KARACHI, Sept 15: The following were Monday commodity market rates in rupees....
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