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| September 25, 2008 | Thursday | Ramazan 24, 1429 |
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Govt refuses to buy costly Canadian wheat
ISLAMABAD, Sept 24: The government has declined to purchase 700,000 tons of wheat from Canada because of its being too expensive, it is learnt.... 
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Bidding for Hazara Phosphate today
ISLAMABAD, Sept 24: Prime Minister Syed Yousuf Raza Gilani on Wednesday approved privatisation of the state-owned Hazara Phosphate and Fertilisers (Private) Limited (HPFL)....
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Telecom attracts FDI of $219.4m: July-Aug
ISLAMABAD, Sept 24: Pakistan attracted Foreign Direct Investments (FDI) of $754.06 million in July-August 2008, compared to $458.86 million during corresponding period of last financial year showing an increase of 64.33...
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Profit rates on saving schemes increased
ISLAMABAD, Sept 24: The Central Directorate of National Savings (CDNS) has increased rates on various saving schemes to promote non-bank borrowing for the government and facilitate small and large investors....
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PTCL earns Rs61bn revenue
ISLAMABAD, Sept 24: The Pakistan Telecommunications Company (PTCL) declared here on Wednesday that it has earned a total revenue of Rs61bn in the financial year 2007-08....
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Fed chief urges Congress to address threats
WASHINGTON, Sept 24: Federal Reserve chairman Ben Bernanke said on Wednesday the US economic outlook may be “quite adverse” without a stabilisation soon in troubled financial markets....
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Europe doesn’t need US-style bailout plan
BRUSSELS, Sept 24: The crisis roiling the financial sector is weighing on the European economy but Europe does not so far need a US-style bailout plan, the European Commission’s top economic official said on Wednesday....
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US offshore drilling ban may expire next week
WASHINGTON, Sept 24: The offshore drilling ban that became a flash point in the US presidential election looks set to expire next week after Democrats decided to drop the prohibition from a temporary spending bill that would keep the government running....
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Oil prices drop
LONDON, Sept 24: Oil prices dipped on Wednesday, erasing earlier gains and continuing this week’s roller-coaster ride, as traders set aside news that US crude inventories plunged last week....
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Govt borrows Rs162.5bn from SBP in 66 days
KARACHI, Sept 24: The government has made aggressive borrowing from the State Bank of Pakistan (SBP) in the first 66 days of the current fiscal year for its budgetary support....
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Dollar little changed
LONDON, Sept 24: The dollar was little changed against the euro on Wednesday, trading in narrow ranges as players waited to see if a massive US government bank bailout plan would get through Congress quickly....
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‘Protectionism no solution to crisis’
GENEVA, Sept 24: The head of the World Trade Organisation said on Wednesday that protectionism is no solution to the global financial crisis and called yet again for a deal on the WTO’s moribund Doha round to spur growth....
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US home sales fall 2.2pc
WASHINGTON, Sept 24: US existing home sales fell a steeper-than-expected 2.2 per cent in August, industry data showed on Wednesday, amid deepening worries over the worst real-estate slump in decades....
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State-run Indian bank workers go on strike
NEW DELHI, Sept 24: Nearly a million workers of state-owned Indian banks went on strike from Wednesday to protest against moves to merge public sector institutions and demand better wages, union leaders said....
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Stocks stay easy on eve of ‘floor’ review
KARACHI, Sept 24: Trading volume on the Karachi Stock Exchange on Wednesday fell to a new single-session low of 2.792m shares as investors kept to the sidelines on the eve of the KSE floor review meeting on Thursday....
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Cotton maintains bullish trend
KARACHI, Sept 24: Trading on the cotton market on Wednesday resumed on a higher note as some of the deals were reported as higher as Rs4,050 per maund, but later on...
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FDI flows to S. Asia up by 19pc in 2007
RAWALPINDI, Sept 24: Global foreign direct investment (FDI) inflows rose in 2007 by 30 per cent to reach an all-time high of 1,833 billion dollars, according to a new report released...
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Karachi Port operations
KARACHI, Sept 24: Five ships carrying chemicals, steel and to load molasses are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, Sept 24: Two ships carrying containers and palm oil were accommodated berths during the last 24 hours, said a PQA press release on Wednesday....
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Asian stock markets mostly higher
HONG KONG, Sept 24: Asian stocks closed mostly up on Wednesday after a massive investment by Warren Buffett in Wall Street bank Goldman Sachs offset concern about the $700-billion US financial rescue plan....
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Gold edges down
LONDON, Sept 24: Gold was softer in Europe on Wednesday as risk appetite improved, but came off early lows as the dollar weakened against the euro and oil prices rose....
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Palm oil prices up
KUALA LUMPUR, Sept 24: Malaysian crude palm oil futures rose 0.6 per cent on Wednesday as oil headed above $108 a barrel, lending support to some global vegetable oil markets but lingering anxieties of cooling demand cut into gains....
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Karachi market rates
KARACHI, Sept 24: The following were Wednesday commodity market rates in rupees....
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