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| September 21, 2008 | Sunday | Ramazan 20, 1429 |
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Hotel industry fears severe blow
KARACHI, Sept 20: Hotel industry leaders fear a massive decline in room occupancy to below 20 per cent and more strict travel advisories by the foreign missions in the aftermath of... 
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Rupee fall makes market nervous
KARACHI, Sept 20: As currency market is getting nervous with each passing day on falling rupee, dealers are questioning ‘Will the rupee touch the figure of 100 against the US dollar?’...
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Early accord on resource allocation in sight
KARACHI, Sept. 20: In his first address to the parliament on Saturday President Asif Zardari’s emphasis on financial autonomy for the provinces as a prerequisite for a strong and viable federation...
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Five major banks extend Rs14.6bn to farm sector
KARACHI, Sept 20: Five major commercial banks of the country extended a total of Rs14.699 billion credit to the farm sector during July-August 2008 period, compared with Rs14.022...
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TDAP help sought to develop fisheries
KARACHI, Sept 20: The Sindh fisheries department has urged the Trade Development Authority of Pakistan (TDAP) to help develop fisheries sector so that ban on seafood exports to the EU could be removed....
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Roadmap for electronic industry discussed
RAWALPINDI, Sept 20: The Study Group on the Electronic Goods Industry, in its maiden meeting held in Islamabad on Saturday discussed the roadmap for its working and constituted sub-committees for different segments of the electronic sector....
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CFS rates surge by 317bps
KARACHI, Sept 20: The CFS rates on the Karachi Stock Exchange last week soared to 19.95 per cent, showing a sharp increase of 317 basis points as compared to a week earlier....
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US Congress debates $700bn bailout plan
WASHINGTON, Sept 20: US administration officials and lawmakers held urgent negotiations on Saturday on an unprecedented 700-billion-dollar plan to rescue the financial sector from the worst crisis since the Great Depression....
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Lehman’s asset sale to Barclays approved
NEW YORK, Sept 20: A U.S. bankruptcy judge approved a revised version of British bank Barclays Plc’s deal to purchase the core U.S. business of Lehman Brothers Holdings Inc....
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SBP buys Rs2bn T-bills
KARACHI, Sept 20: The State Bank of Pakistan bought back Rs2 billion of Treasury bills on Saturday under seven-day reverse-repo contracts at 12.61 per cent to inject liquidity into a tight money market.—Reuters...
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Saudi Arabia resolves to meet oil demand
RIYADH, Sept 20: Oil markets are tumbling, despite Hurricane Ike debilitating impact on energy infrastructure in the US Gulf coast and the Opec call to rein in overproduction....
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Active trading on cotton market
KARACHI, Sept 20: Cotton prices on Saturday remained stable around the overnight levels amid brisk trading although bulk of the ready business was done well below the Rs4,000 per maund....
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Port Qasim
KARACHI, Sept 20: Four ships scheduled to load/offload containers, wheat and palm oil were accommodated berths during the last 24 hours....
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Karachi Port operations
KARACHI, Sept 20: Nine ships carrying wheat, containers and to load cement are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
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Oil, gold prices bounce on safe haven status
LONDON, Sept 20: Oil and gold prices bounced higher this week as investors sought a safe haven while other commodities fell on fears that the financial crisis could sap global economic growth and dent demand....
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US rice up
CHICAGO, Sept 20: Rough rice futures on the Chicago Board of Trade settled higher on Friday, led by strength in other commodities, as a US government rescue plan eased concerns about the financial sector, traders said....
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NY cotton finishes higher
NEW YORK, Sept 20: Cotton futures ended sharply higher Friday on investor buying stoked by a US plan to stop the rout in global financial markets, but brokers said prospects into next week remain distinctly uncertain....
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Wall Street surges on new plans to aid banks
NEW YORK, Sept 20: Wall Street roared higher on Friday as confidence was lifted by news of the US government’s broad assault on the financial crisis including a plan to save banks drowning in toxic mortgage debt....
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India’s inflation stubborn at 12pc
NEW DELHI, Sept 20: India’s inflation rate has held stubbornly above the 12 per cent mark, official data showed on Thursday....
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