|
| September 20, 2008 | Saturday | Ramazan 19, 1429 |
|
Provinces resent rising wheat price disparity
KARACHI, Sept 19: Growing disparity in prices of wheat for consumers in Lahore and those in Karachi, Peshawar and Quetta is not only becoming a burning political issue, but is also... 
|
|
Govt, mills differ on quality of Ukraine wheat
KARACHI, Sept 19: Flour millers and Sindh food department offer conflicting views about the quality of Ukraine wheat being supplied to the flour mills. The government claims that only 50 per...
|
|
||
Rupee hits record low
KARACHI, Sept 19: Rupee weakened to a new record low against the dollar on Friday because of weak economic fundamentals and the global financial crisis, dealers said....
|
|
Low credit growth points to economic slowdown
KARACHI, Sept 19: Banks’ advances growth in eight months (Jan-Aug) 2008 declined to nine per cent against an average growth rate of 23 per cent in the last five years....
|
|
|
||
|
KSE volume at 11-year low!
KARACHI, Sept 19: The volume of shares traded on the Karachi Stock Exchange is receding by the day. The decline is so profound that stock brokers have learnt to swallow the bitter pill with good cheer....
|
|
Hectic wheat handling at ports
KARACHI, Sept 19: Seven more ships carrying a total of 296,000 tons wheat will arrive in the country till next week making a total import of 828,538 tons of wheat since July 16, 2008....
|
|
|
||
|
US bans short-selling of 799 financial stocks
WASHINGTON, Sept 19: The US government, trying to boost investor confidence in the face of a market crisis, took the unprecedented step on Friday of temporarily banning a practice of betting against financial stocks....
|
|
Morgan Stanley in stake sale talks with China
BEIJING, Sept 19: Troubled US investment bank Morgan Stanley is in talks to sell a stake of up to 49 per cent to China’s sovereign wealth fund, the Financial Times reported on Friday, citing people close to the discussions....
|
|
|
||
|
KSE 100-share index suffers fractional fall
KARACHI, Sept 19: Trading volume on Friday hit an all-time single-session low of 4.309m shares and analysts say it demonstrates the intensity of silent protest against the prolonged flooring of the index....
|
|
Cotton prices resist fresh fall
KARACHI, Sept 19: Cotton prices on Friday resisted fresh decline caused by larger phutti arrivals as ginners held onto their unsold positions after the official release of figures....
|
|
|
||
|
Oil prices bounce above $103
LONDON, Sept 19: Oil prices rose for a third day running on Friday, briefly surpassing 103 dollars a barrel at the end of an extremely volatile week for financial markets....
|
|
Karachi Port operations
KARACHI, Sept 19: Seven ships carrying chemicals, base oil and two cement loaders are due to arrive at the outer anchorage on Saturday, according to KPT sources....
|
|
|
||
|
Head of AIG Singapore unit resigns
SINGAPORE, Sept 19: The head of the Singapore subsidiary of troubled global insurance giant American International Group (AIG) has resigned, the company said in a statement....
|
|
ZTBL recovers Rs46bn
ISLAMABAD, Sept 19: The Zarai Taraqiati Bank Limited (ZTBL) recovered Rs46 billion showing a recovery percentage of 68.2 and small and medium loan recovery stood at Rs3 billion this year against 2.7...
|
|
|
||
|
Port Qasim
KARACHI, Sept 19: Berthing activity was slow as only one container vessel was accommodated berth during the last 24 hours, said a PQA press release on Friday....
|
|
Company news
KARACHI, Sept 19: The 57th annual general meeting of Pakistan Petroleum Limited (PPL) approved 10 per cent bonus shares in addition to the two interim dividends of 155 per cent on...
|
|
|
||
|
Turkey, Russia sign deal
ANKARA, Sept 19: Turkey and Russia have signed a deal to resolve a row over Russian customs that have hit Turkish exports, a minister was quoted by the Anatolia news agency as saying on Friday....
|
|
Gold prices surge
LONDON, Sept 19: Gold prices surged this week as precious metal profits from its status as a safe haven in times of economic turmoil....
|
|
|
||
|
Asian stocks rebound on US rescue plan talks
HONG KONG, Sept 19: Asian stocks surged on Friday following a rebound on Wall Street as the US government and the world’s central banks moved to put the brakes on the global financial crisis....
|
|
Malaysian palm oil up 3.6pc
KUALA LUMPUR, Sept 19: Malaysian crude palm oil futures jumped 3.6 per cent on Friday as crude oil prices went through the key $100-a-barrel level, traders said....
|
|
|
||
|
Karachi market rates
KARACHI, Sept 19: The following were Friday commodity market rates in rupees....
|
|
|
|
|
||
