Low Graphics Site

October 31, 2008 Friday Ziqa'ad 1, 1429 Pakistan’s GDP growth seen contracting ISLAMABAD, Oct 30: Pakistan is unlikely to achieve the 5.5 per cent economic growth target for this fiscal year as it prepares for an IMF stabilisation package and manufacturing and services will be constrained, states a Citigroup market analysis report.... Ghee price cut by Rs12 per kg ISLAMABAD, Oct 30: The government and the Vanaspati Manufacturing Association (PVMA) on Thursday agreed to scale down retail price of ghee by an average Rs12 per kg in the wake of decrease in palm oil prices in the international market.... Car vendors cut 17,500 jobs in six months KARACHI, Oct 30: Substantial decline in orders for parts and accessories has forced the car vendor industry to undertake massive downsizing of workers, daily wagers and staffers.... SSGC earns Rs991m profit KARACHI, Oct 30: The Sui Southern Gas Company’s 54th annual general meeting was on Thursday informed of a profit after tax of Rs991 million for the year ending on June 30,... IFSB approves Sukuk securitisation KARACHI, Oct 30: The Islamic Financial Services Board (IFSB) has approved two exposure drafts, namely ‘Capital adequacy requirements for Sukuk securitisations and real estate investments’ and ‘guiding principles on governance of Islamic collective investment schemes’.... Better management of economy proposed ISLAMABAD, Oct 30: The Senate standing committee on finance observed here on Thursday that the Rs50 billion bailout package for the stock market announced recently should not benefit only a few big brokers.... TCP urged to export rice to Gulf KARACHI, Oct 30: The government should ask the Trading Corporation of Pakistan (TCP) to export rice on government-to-government level to the Gulf and Middle Eastern countries to earn foreign exchange badly needed by the country.... US economy shrinking NEW YORK, Oct 30: In a strongest sign that recession may have already begun in the United States, the US Commerce Department reported on Thursday that the gross domestic product fell at an annual rate of 0.3... Car prices raised KARACHI, Oct 30: At a time when industrial activities have witnessed a slowdown, local car-makers have come out with a fresh price hike of Rs50,000 to Rs144,000 due to falling rupee value against various currencies.... Forex reserves KARACHI, Oct 30: Pakistan’s foreign exchange reserves fell by $400 million to $6.92 billion in the week that ended on Oct 25, the central bank said on Thursday.... Oil prices LONDON, Oct 30: Oil prices slipped back on Thursday in volatile trade, reversing early gains as the market reacted to news of shrinking economic growth in the United States, the world’s top energy consumer.... Equity investors pin hopes on Tareen’s visit KARACHI, Oct 30: Trading activity on the stock market on Thursday further shrank as investors kept to the sidelines awaiting some positive developments on the liquidity front after Shaukat Tareen’s visit to the KSE on Friday.... Cotton prices surge on active buying KARACHI, Oct 30: Cotton market on Thursday maintained its recovery drive for the third session in a row on strong mill demand aided partly by reports of an identical turnaround on the foreign markets.... Karachi Port operations KARACHI, Oct 30: Ten ships carrying containers and to load naphtha and cement are due to arrive at the outer anchorage on Friday, according to KPT sources.Five... Port Qasim KARACHI, Oct 30: Four ships with containers, wheat and palm oil were accommodated berths during the last 24 hours, said a PQA press release on Thursday.... Gujrat chamber violates new DTO rules GUJRAT, Oct 30: Serious violations of the Trade Organisations rules have been reported in membership of the Gujrat Chamber of Commerce and Industry (GTCCI) as according to the rules members of... Cellphone market touching saturation level KARACHI, Oct 30: The cellular subscriber base in the country witnessed a slow growth in the second quarter, which stood at 2.4 per cent by September 2008, as experts see mobile phone consumers’ market touching the saturation level.... Gold rises in London LONDON, Oct 30: Gold rose almost 3 per cent to a one-week high on Thursday as a weaker dollar and rising oil prices boosted sentiment.... Asian shares surge on US rate cut HONG KONG, Oct 30: Asian stocks soared on Thursday as interest rate cuts boosted investor confidence and brought bargain hunters out after weeks of misery amid the global financial crisis.... Palm oil prices up JAKARTA, Oct 30: Malaysian palm futures closed higher on Thursday after crude oil hit $70 a barrel in Asian trade, traders said.... Karachi market rates KARACHI, Oct 30: The following were Thursday commodity market rates in rupees....

The DAWN Media Group | About Us | Advertising info | Subscription | Feedback | Contributions | Privacy Policy | Help | Contact us |