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| October 29, 2008 | Wednesday | Shawwal 29, 1429 |
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Sindh shows better per hectare wheat yield
KARACHI, Oct 28: In the face of water shortages and availability of relatively much less bank credit than Punjab, farmers in Sindh have shown a much better per hectare wheat yield... 
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FDI rises to tap lucrative sectors
KARACHI, Oct 28: While the global financial system is facing a worst scenario since the great depression of 1929, Pakistan’s traditionally attractive sectors maintained their charm during the last troubled three months....
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Moody’s cuts Pakistan’s credit rating
KARACHI, Oct 28: Moody’s cut Pakistan’s credit rating by one level to B3 on Tuesday and warned of further cuts as Germany said it would help Pakistan negotiate a deal with the International Monetary Fund (IMF)....
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Banks refusal for financing hurting exports
KARACHI, Oct 28: The liquidity crunch faced by the banking sector started to take its toll on export trade as most of the scheduled banks are refusing export refinance fund to exporters....
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No impact of plunging global commodity rates
KARACHI, Oct 28: A substantial drop of 50 per cent in world commodity prices is not likely to trickle down to consumers in Pakistan because of the 22 per cent rupee devaluation against the dollar making imports costlier....
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EMC directs firming up of sugar import
ISLAMABAD, Oct 28: The Economy Monitoring Committee (EMC) on Tuesday asked the ministry of industries to firm up its proposal regarding import of raw sugar in December to meet any anticipated shortfall of the sweetener....
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US consumer confidence sinks
WASHINGTON, Oct 28: US consumer confidence plunged to a record low in October as consumers felt the bite of the credit crisis, a private firm said on Tuesday, sounding alarms over the year-end holiday shopping season....
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Global stock markets stage rebound
LONDON, Oct 28: World stock markets soared on Tuesday as investors hunted for bargains after days of big losses and took heart from prospects for a cut in US interest rates....
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Oil prices slip
LONDON, Oct 28: Oil prices dipped on Tuesday close to 17-month lows, erasing earlier gains despite a warning that Opec could slash output further in a bid to shore up the market....
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Stock indices remain dormant in lean trading
KARACHI, Oct 28: The share market on Tuesday passed through another lean session as leading investors kept to the sidelines most of the time, while jobbers and day traders played on both sides of the fence amid fractional price changes....
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French consulate clarifies
KARACHI, Oct 28: The French consulate general in Karachi has clarified a news item published in Dawn on October 25, attributed to Ambassador-designate of France to Pakistan Daniel Jouanneau saying that...
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Gulf Bank head resigns
KUWAIT CITY, Oct 28: The chairman of Gulf Bank, Kuwait’s second biggest lender, resigned on Tuesday after the finance house suffered losses from derivatives deals, in the first such case in the oil-rich Gulf region....
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Port Qasim
KARACHI, Oct 28: Three ships with containers and wheat were accommodated berths during the last 24 hours, said a PQA press release on Tuesday....
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Karachi Port operations
KARACHI, Oct 28: Six ships including two with 55,000 tons of wheat are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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JS Global Capital awarded
Karachi, Oct 28: Asiamoney, the prestigious magazine, has declared JS Global Capital as the best local brokerage house in Pakistan as part of their 19th Annual Brokers Poll for 2008....
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UBL’s profit grows in third quarter
KARACHI, Oct 28: The United Bank Limited (UBL) continued to deliver strong financial performance, with consolidated profit before tax of Rs14bn at the end of third quarter 2008, which was higher than the same period last year....
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Germans keen to invest in SME sector
ISLAMABAD, Oct 28: A German trade delegation currently visiting Pakistan has shown keen interest in investment, especially in small and medium enterprises....
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Cotton resists fresh fall on TCP entry
KARACHI, Oct 28: Cotton market on Tuesday resisted fresh fall as the prevailing panic among the ginners and the growers was defused followed by reports that the Trading Corporation of Pakistan...
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Asian shares rebound on bargain hunting
HONG KONG, Oct 28: Asian markets staged a massive rebound on Tuesday, with Hong Kong soaring more than 14 per cent, as bargain hunters stepped in a day after stocks sustained heavy losses....
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Gold up in Europe
LONDON, Oct 28: Gold climbed more than 3 per cent in Europe on Tuesday as the dollar softened against the euro and a recovery in equities curbed selling of bullion to cover losses on other markets....
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Palm oil ends higher
JAKARTA, Oct 28: Malaysian palm futures recouped losses to finish 5 per cent higher on Tuesday, after hitting a fresh three-year low earlier, supported by a rebound in crude oil price, traders said....
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Karachi market rates
KARACHI, Oct 28: The following were Tuesday commodity market rates in rupees....
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