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| November 06, 2008 | Thursday | Ziqa'ad 7, 1429 |
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Port users want laying of morepipelines: Congestion at Bulk Oil Pier-I
KARACHI, Nov 5: Port users have asked the Karachi Port Trust (KPT) to make early arrangements for laying more pipelines at the Bulk Oil Pier One (BOP-I) to remove growing congestion of liquid bulk carriers at the port.... 
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State Bank to provide 100pc export refinancing
KARACHI, Nov 5: State Bank of Pakistan Governor Dr Shamshad Akhtar on Wednesday announced that the central bank would provide 100 per cent refinancing to banks against export finance provided by...
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Appliances industry hit by economic slowdown: Several thousands lose jobs
KARACHI, Nov 5: The economic slowdown has taken its toll on the local electronics and domestic appliances’ industry, forcing it to adopt cost cutting measures....
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US, European stocks fall after Obama victory
LONDON, Nov 5: Wall Street and European stocks fell back on Wednesday as investors buckled down for an expected gloomy economic ride after the euphoria of Democrat Barack Obama’s US presidential election victory....
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Euro gains as ECB likely to cut rate
LONDON, Nov 5: The euro inched higher against the dollar on Wednesday ahead of an expected interest rate cut by the European Central Bank, which some traders saw as a potential boon for equity markets....
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Oil prices tumble
LONDON, Nov 5: Oil prices tumbled almost $5 on Wednesday as the latest data pointed towards weakening demand in the United States, the world’s biggest energy consuming nation....
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SBP raises yield on TBs
KARACHI, Nov 5: The State Bank of Pakistan raised its three-month Treasury bill cut-off yield by 97 basis points to 13.5313 per cent on Wednesday, which analysts said was an indication of an interest rate rise in coming days....
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Stock trading lacks lustre
KARACHI, Nov 5: Stocks on Wednesday passed through another cheerless session as leading investors remained conspicuous by their absence apparently awaiting some positive developments from the president’s Saudi visit, notably widely-rumoured aid package and oil on deferred payments....
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US employers shed 157,000 jobs in Oct
WASHINGTON, Nov 5: The US private sector shed 157,000 jobs in October, accelerating a decline of 26,000 jobs in September, according to a monthly survey by a private payroll data firm released on Wednesday....
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Firmer conditions on cotton market
KARACHI, Nov 5: The cotton market on Wednesday maintained firm trend as spinners and mills continued to build up long positions at the prevailing prices amid loud whispering that the final...
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Karachi Port operations
KARACHI, Nov 5: Six ships carrying containers and wheat and to load cement are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, Nov 5: Four ships scheduled to load/offload containers, palm oil and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Wednesday....
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EU raids cement makers
BRUSSELS, Nov 5: The European Commission said on Wednesday that it had raided the offices of cement makers on suspicions that the companies may have run an illegal cartel....
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China plans to invest $730bn in transport
SHANGHAI, Nov 5: China is considering a plan to invest five trillion yuan ($730 billion) in the transport sector in the next three to five years, state media reported on Wednesday....
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German govt tries to jump-start growth
BERLIN, Nov 5: The German cabinet approved a 23-billion-euro stimulus package on Wednesday to help Europe’s biggest economy and the world’s top exporter avoid the worst effects of a sharp global slowdown before a hoped-for recovery in 2010....
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Zimbabwe introduces one-million dollar note
HARARE, Nov 5: Zimbabwe issued three new denominations of banknotes on Wednesday, including a one-million-dollar note, as the impoverished country struggles to cope with runaway inflation....
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Gold slips in Europe
LONDON, Nov 5: Gold eased in Europe on Wednesday as the dollar recovered some lost ground against the euro after Democrat Barack Obama won the US election and with hopes the change in the presidency would be positive for the economy....
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Asian stocks rally as Barack Obama wins
HONG KONG, Nov 5: Asian stocks rallied on Wednesday as investors welcomed the election of Barack Obama on hopes he will introduce a fresh stimulus to the economy and bring an end to the global financial crisis....
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Palm oil leaps 9 per cent
KUALA LUMPUR, Nov 5: Malaysian crude palm oil leapt as much as 9 per cent on Wednesday as oil prices held some of the previous day’s surge while financial markets perked up....
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Karachi market rates
KARACHI, Nov 5: The following were Wednesday commodity market rates in rupees....
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