|
| September 17, 2008 | Wednesday | Ramazan 16, 1429 |
|
KSE: Lehman-led collapse raises equity risk profile
KARACHI, Sept 16: The bankruptcy of the US investment banking giant Lehman Brothers and a ‘forced sale’ of Merrill Lynch, which sparked global stock market turmoil early in the week, sending... 
|
|
US looks to Arab, Asian investors: $1tr losses
RIYADH, Sept 16: In order to help recover the $1 trillion mortgage losses of Fannie Mae and Freddie Mac, the state-backed American mortgage finance titans, the US government was seeking funds...
|
|
||
|
KSE, Bursa Malaysia sign MoU
KARACHI, Sept 16: The Karachi Stock Exchange (KSE) and Bursa Malaysia have announced signing of a memorandum of understanding to establish cooperation ties between Pakistan and Malaysia in relation to development of capital markets....
|
|
Power cuts badly hit tailoring business
KARACHI, Sept 16: The massive load-shedding in the city has forced the tailors and fashion designers to curtail their orders for Eid clothing to meet their commitment of timely delivery....
|
|
|
||
|
Oil prices slip under $89
LONDON, Sept 16: Oil prices fell on Tuesday, slipping under $89 on the belief that weak economic growth will result in lower energy demand, traders said....
|
|
Pakistan to miss major goals: ADB
ISLAMABAD, Sept 16: The Asian Development Bank has forecast that Pakistan will miss major economic targets set for the current fiscal year, with growth faltering at 4.5...
|
|
|
||
|
New NBFC
KARACHI, Sept 16: The Securities and Exchange Commission of Pakistan (SECP) has granted permission to convert Khoja’s Capital Management (Pvt) Ltd into a non-banking financial company (NBFC) subject to completion of formalities, said a release of the Khoja’s Capital Management....
|
|
Stocks remain in bearish mood
KARACHI, Sept 16: Trading activity on the stock market on Tuesday failed to pick up as investors were not inclined to make fresh commitments even on the blue chips counters as...
|
|
|
||
|
Returns date extended
ISLAMABAD, Sept 16: The Federal Board of Revenue (FBR) has extended the date for payment of sales tax and federal excise duty, including special excise duty, for the tax period August 2008, up to Sept 20....
|
|
Prices further ease on cotton market
KARACHI, Sept 16: Cotton prices on Tuesday eased from the overnight levels apparently in sympathy with global markets which plunged after the reports of bankruptcy of a major US investment bank, Lehman Brothers....
|
|
|
||
|
Karachi Port operations
KARACHI, Sept 16: Four ships including a wheat carrier with about 33,000 tons of the commodity are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
|
|
Port Qasim
KARACHI, Sept 16: Three ships carrying wheat, chemicals and iron ore were accommodated berths during the last 24 hours, said a Port Qasim Authority press release on Tuesday....
|
|
|
||
|
More banks may close, warns IMF chief
CAIRO, Sept 16: The global financial crisis is not over and more banks could close, possibly leading to the disappearance of the independent investment houses, IMF chief Dominique Strauss-Kahn told AFP....
|
|
ADB, IDB in $4bn deal
DHAKA, Sept 16: The Asian Development Bank and the Islamic Development Bank agreed a $4 billion deal to finance infrastructure and utilities projects in their member countries....
|
|
|
||
|
Merger of two wool trade Bodies opposed
LAHORE, Sept 16: The Pakistan Woollen Mills Association (PWMA) has opposed the proposal of Director Trade Organisations for its merger with the Pakistan Wool and Hair Association and said that both...
|
|
Gold lower in Europe
LONDON, Sept 16: Gold fell nearly 2 per cent on Tuesday alongside a sharp drop in oil as the dollar firmed ahead of a decision on interest rates by the US Federal Reserve....
|
|
|
||
|
Asian stocks nosedive
HONG KONG, Sept 16: Asian stocks slumped on Tuesday following the collapse of US investment bank Lehman Brothers, while governments tried make reassurances that their economies were sound....
|
|
Netherlands takes steps to curb rising inflation
THE HAGUE, Sept 16: The Netherlands announced a budget surplus Tuesday and proclaimed its economy healthy amid global financial turmoil but trimmed growth projections and took steps to curb rising inflation....
|
|
|
||
|
Karachi market rates
KARACHI, Sept 16: The following were Tuesday commodity market rates in rupees....
|
| |
|
|
||
