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| October 15, 2008 | Wednesday | Shawwal 15, 1429 |
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Remittances soar by 28pc in September
KARACHI, Oct 14: Overseas Pakistani workers sent 28 percent higher remittances during September, showing their trust in the government which needs dollars to meet its foreign obligations.... 
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First quarter collection at MCC up 36pc
KARACHI, Oct 14: The Model Customs Collectorate (MCC) raised Rs31,373 million during the first quarter (July-Sept) of 2008-09, showing an increase of 36 per cent over the corresponding period last year when collection stood at Rs23,062 million....
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Euro climbsagainstdollar
LONDON, Oct 14: The euro climbed further against the dollar and the yen on Tuesday, buoyed by world governments’ major moves to rescue the global banking sector, dealers said....
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Smeda helps Attract Rs2bn investment
KARACHI, Oct 14: The Small and Medium Enterprise Development Authority (Smeda), Sindh, has facilitated an investment of more than Rs2 billion during its first decade of operations....
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SBP gives no hint about FY08 report
KARACHI, Oct 14: As the current fiscal year 2008-09 enters its second quarter (October to December), there is apparently no indication of State Bank of Pakistan releasing its annual report for...
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Violence deprives Sindh of $5bn investment
KARACHI, Oct 14: Investment worth $4-5 billion committed to projects in Sindh was thwarted by worsening law and order situation that prevailed in the country following the assassination of Benazir Bhutto,...
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Energy, fertiliser firms to keep accounting record: SECP issues order
ISLAMABAD, Oct 14: The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for companies operating in fertiliser and energy sectors to keep accounting records of all their material, labour and other items and provide it to the commission....
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Brown for proper vigilance of banks
LONDON, Oct 14: Calling for tough measures to restore self-confidence and assurance in the international banking system, Prime Minister Gordon Brown warned that without proper supervision the banking sector would once again slide into chaos....
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Advisory council for industry formed
KARACHI, Oct 14: A 25-member Advisory Council for Trade and Industry comprising presidents of all chambers of commerce and industry of the province and leading trade associations was formed on Tuesday...
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Withdrawal of hike in power tariff demanded
KARACHI, Oct 14: Pakistan Commercial Exporters of Towels Association chairman Ali Ashraf Khan has demanded immediate cancellation of privatisation deal of the Karachi Electric Supply Corporation (KESC) as it has plunged...
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World stocks extend rally
LONDON, Oct 14: World stock markets sprinted ahead for the second straight day on Tuesday on sustained investor confidence in government moves to shore up shaky banks and keep credit flowing....
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Petroleum stocks
KARACIH, Oct 14: Oil marketing companies and refineries are carrying out a review related to country stocks of petroleum products (especially those that are imported: HSD, jet fuel, furnace oil) to...
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KSE volume touches all-time low
KARACHI, Oct 14: The single-session volume on the stock market on Tuesday set another all-time low record at 0.585m shares as banks are reluctant to go for fresh financing aggravating the...
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Cotton prices recover on active buying
KARACHI, Oct 14: Cotton market on Tuesday resisted fresh decline as prices recouped a good part of the overnight losses on active mill support amid an actively traded session for the second day in a row....
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Karachi Port operations
KARACHI, Oct 14: Five ships carrying containers, jet oil and to load general cargo are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, Oct 14: Shipping activity remained active at the port where three ships to load, offload containers, wheat and palm oil took berths at Qasim International Container Terminal, QICT, and Multipurpose Terminal (MPT), respectively, on Monday....
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Irish economy to contract this year
DUBLIN, Oct 14: Ireland’s economy will contract by 0.8 per cent next year, Irish Finance Minister Brian Lenihan said on Tuesday as he delivered his budget for the recession-hit country....
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Malaysia cuts fuel price by 6.1pc
KUALA LUMPUR, Oct 14: Malaysia on Wednesday cut petrol prices by 6.1 per cent amid a fall in world oil prices....
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New oil discovery in Gulf of Mexico
LONDON, Oct 14: BP announced on Tuesday that it had made an oil discovery in the Gulf of Mexico, around 70 miles southeast of the American state of Louisiana....
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WTO sets up financial crisis task force
GENEVA, Oct 14: The World Trade Organisation has set up a special “task force” to examine the impact of the financial crisis on global commerce, WTO Director-General Pascal Lamy said on Tuesday....
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Oil prices stay firm around $80
LONDON, Oct 14: Oil prices held steady at around $80 per barrel on Tuesday, as international banking rescue efforts raised hopes of a global economic recovery and in turn stronger energy demand, dealers said....
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Asian stocks soar on international moves to shore up global market
HONG KONG, Oct 14: Asian stocks soared on Tuesday, with Tokyo posting a historic rise above 14 per cent, after investors welcomed concerted efforts by world leaders to put an end to the global financial meltdown....
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Palm oil prices higher
JAKARTA, Oct 14: Malaysian palm oil futures finished up 0.82 per cent on Tuesday, extending a rebound from a day earlier, but off their best amid concerns that the demand outlook remains weak, traders said....
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Gold up in London
LONDON, Oct 14: Gold and other precious metals rose on Tuesday as fresh plans to stabilise the banking sector sparked a rally in commodities, with platinum up more than 6 per cent and silver climbing 4 per cent....
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Karachi market rates
KARACHI, Oct 14: The following were Tuesday commodity market rates in rupees....
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