|
| September 30, 2008 | Tuesday | Ramazan 29, 2008 |
|
Credit limit for major crops raised by 70pc
KARACHI, Sept 29: Credit limit for major crops has been increased by 70 to 100 per cent to support farmers against costlier inputs, plagued by the spiraling inflation.... 
|
|
80 firms declare financial results
KARACHI, Sept 29: As dense despondency settled over the Karachi Stock Exchange, where on Monday, only 24 shares changed values with the volume of trade at life-time low of 1.7...
|
|
||
|
Global share markets in panic: Oil drops below $100
NEW YORK, Sept 29: US stocks plunged on Monday on fears that US approval of a $700 billion financial system bailout would fail on a day bank nationalisations in Europe and...
|
|
Hotels’ room occupancy runs dry
KARACHI, Sept 29: The room occupancy in leading local hotels has plunged to 8-10 per cent, from 23 per cent last week, as more bomb blasts after the Islamabad carnage continue to scare away the movement of foreign and local businessmen....
|
|
|
||
|
SBP issues currency worth Rs54bn
KARACHI, Sept 29: The State Bank of Pakistan has so far supplied Rs54.6 billion fresh currency notes during the current month, but the demand is still high and the rate in black market is rising....
|
|
Mango export falls by 20pc
ISLAMABAD, Sept 29: Mango export witnessed more than 20 per cent decline this year than last year as Pakistan received the lowest per kg rate for its mango in the international market due to poor quality....
|
|
|
||
|
Gujrat Chamber dissolved
GUJRAT, Sept 29: The Director Trade Organisation, Ministry of Commerce, on Monday dissolved the executive committee and all the office-bearers of Gujrat Chamber of Commerce and Industry (GTCCI) including its president, Sheikh Khawar Rafique....
|
|
BankIslami expands network
KARACHI, Sept 29: BankIslami Pakistan begins the second phase of its aggressive growth plan by opening three branches in Karachi at DHA Phase IV, UP Mor and Sharea Faisal and one in Islam Gardh, Azad Kashmir....
|
|
|
||
|
US hostile takeovers hit record
PHILADELPHIA, Sept 29: Hostile takeovers have more than doubled to a record level in the United States so far this year, boosted by falling stock prices and weakened corporate defenses....
|
|
PC okays highest offer for HPFL
ISLAMABAD, Sept 29: The Board of the Privatisation Commission (PC) here on Monday gave approval to the highest offer of Rs1.34 billion at the rate of Rs70 per share for 100...
|
|
|
||
|
Gas deal talks
KIEV, Sept 29: Ukrainian Prime Minister Yulia Tymoshenko will visit Moscow on Thursday for talks on the thorny issue of Russian gas deliveries to her country, the Ukrainian government said.—AFP...
|
|
BoJ injects more funds
TOKYO, Sept 29: Japan’s central bank on Monday injected 1.9 trillion yen (17.8 billion dollars) into the Tokyo money market to ease strains caused by recent financial turmoil on Wall Street....
|
|
|
||
|
Power deal
HELSINKI, Sept 29: Finnish engineering group Wartsila said on Monday it had won a 131-million-euro ($188m) power plant deal from Pakistan’s Nishat Chunian Power Ltd....
|
|
Stocks suffer fractional fall on listless trading
KARACHI, Sept 29: Trading activity on the stock market on Monday remained terribly sluggish as leading investors kept to the sidelines in view of the long Eid holiday weekend ahead, however some jobbers were active on a number of counters....
|
|
|
||
|
Karachi Port operations
KARACHI, Sept 29: Eight ships carrying chemicals, containers and wheat are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
|
|
Port Qasim
KARACHI, Sept 29: Three ships scheduled to load/offload containers and palm oil were accommodated berths during the last 24 hours, said a PQA press release on Monday....
|
|
|
||
|
Listless trading on cotton market
KARACHI, Sept 29: Trading on the cotton market on Monday remained insipid as buyers and sellers kept to the sidelines and did not bid for any lot despite reports that some of the ginners lowered their asking prices....
|
|
Fortis admits strategic errors
BRUSSELS, Sept 29: Fortis admitted on Monday that past errors had triggered the crisis that required the Benelux nations to hammer out a 11.2-billion-euro bailout over the weekend....
|
|
|
||
|
‘Wheat ships being given priority’
KARACHI, Sept 29: The Port Qasim Authority has stated that wheat vessels are given priority over other cargo ships as per decision of the government, and there is no delay in the berthing of ships carrying wheat from its side....
|
|
Dollar gains against euro
LONDON, Sept 29: The dollar gained ground on the euro on Monday as the rescue of several European banks deepened fears for the fate of the global financial system....
|
|
|
||
|
Gold slips in Europe
LONDON, Sept 29: Gold slips in Europe on Monday as expectations the US government will receive approval for a $700 million bailout of its financial sector curbed safe-haven buying, and the dollar strengthened....
|
|
Asian stocks tumble despite US bailout
HONG KONG, Sept 29: Asian stocks tumbled on Monday despite a deal being reached in Washington on a massive bailout plan for the US finance market and as the global credit crisis spread to Europe....
|
|
|
||
|
Palm oil prices lower
JAKARTA, Sept 29: Malaysian palm oil futures dropped more than 5 per cent on Monday amid losses in crude oil and demand concerns....
|
|
Karachi market rates
KARACHI, Sept 29: The following were Monday commodity market rates in rupees....
|
|
|
||
