|
| November 12, 2008 | Wednesday | Ziqa'ad 13, 1429 |
|
Job cuts feared as sale of heavy vehicles falls
KARACHI, Nov 11: While sale of cars and light commercial vehicles has been hitting the bottom, followed by massive job cuts by its vending industry, local heavy vehicle industry also fears... 
|
|
Revenue collection by Model Customs up by 34 per cent
KARACHI, Nov 11: The Model Customs Collectorate (MCC) collected Rs42.117 billion in revenue during the first four months (July-Oct) of the current fiscal year (2008-09), showing a growth of 34 per...
|
|
||
|
Steep decline in stocks turnover figure
KARACHI, Nov 11: The volume figure fell to another single-session low at 24,500 shares on Tuesday as investors were not inclined to make fresh commitments on any of the counters, worried...
|
|
Businessmen oppose move to raise discount rate
KARACHI, Nov. 11: SBP Governor Dr Shamshad Akhtar held consultations with the business leaders on Tuesday amidst reports that the government’s negotiations with the IMF are entering a decisive phase....
|
|
|
||
|
KSE puts two defaulter brokers’ cards on sale
Karachi, Nov 11: The Karachi Stock Exchange on Tuesday invited ‘bids’ for purchase of two cards of the fallen brokers, Sikandar lsmail Bagasra and Ismail Abdul Shakoor, whose stock brokerage houses...
|
|
WB offers $100bn more to ease crisis
WASHINGTON, Nov 11: The World Bank said on Tuesday it was hiking financial support of developing countries reeling from the global financial crisis, offering an extra $100 billion over the next three years....
|
|
|
||
|
Remittances fall sharply in October
KARACHI, Nov 11: Remittances sent by overseas Pakistanis fell sharply in October, the lowest during the current fiscal 2008-09....
|
|
Oil price falls below $55
LONDON, Nov 11: Oil prices sank under $55 a barrel on Tuesday to strike a 21-month low as fresh recession jitters fanned fears about slowing global energy demand, traders said....
|
|
|
||
|
FPCCI team in India
KARACHI, Nov 11: A delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), led by its president, on Monday left for New Delhi....
|
|
Pakistan, Opec Fund sign $30m accords
ISLAMABAD, Nov 11: Pakistan and the Opec Fund for International Development (OFID) have signed two agreements of $15 million each, for the Golan Gol Hydropower Project....
|
|
|
||
|
Exemption on plant, machinery import
ISLAMABAD, Nov 11: The Federal Board of Revenue (FBR) has allowed exemption from deduction of tax on import of plant and machinery for setting up an industrial undertaking, including hotels....
|
|
Russia hikes interest rate
MOSCOW, Nov 11: Russia’s central bank on Tuesday hiked its key refinance rate by one percentage point to 12 per cent in an effort to limit an outflow of capital which has sapped the ruble and stock markets....
|
|
|
||
|
Karachi Port operations
KARACHI, Nov 11: Seven ships carrying containers and to load clinkers are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
|
|
Trading gets dull on cotton market
KARACHI, Nov 11: Quietly steady conditions prevailed on the cotton market on Tuesday as ginners held on to their positions and did not lower their asking prices and appeared least worried over the larger unsold stocks lying in their godowns....
|
|
|
||
|
India eyes tourism to defy global credit crunch
LONDON, Nov 11: India’s tourism industry can overcome the global financial downturn by tapping into its unspoilt countryside, Indian Tourism Minister Sujit Banerjee said here on Tuesday....
|
|
China stimulus plan fuels hopes for global growth
BEIJING, Nov 11: A $586 billion economy-boosting programme is China’s “biggest contribution to the world,” Premier Wen Jiabao said amid hopes that heavy spending on construction and other projects will help...
|
|
|
||
|
Euro plunges against dollar
LONDON, Nov 11: The euro plunged against the dollar on Tuesday despite gloomy US economic data as investors sought refuge in the US unit amid worsening fears for the flagging world economy, traders said....
|
|
Asian stocks fall on poor corporate news
HONG KONG, Nov 11: Asian markets retreated on Tuesday as further corporate news from the US piled more misery on investors already fearful for the future of the global economy....
|
|
|
||
|
Gold dips in Europe
LONDON, Nov 11: Gold dipped in Europe on Tuesday, as a downturn in the stock markets and commodities such as oil and industrial metals weighed on prices....
|
|
Malaysian palm oil lower
JAKARTA, Nov 11: Malaysian palm oil futures fell more than 2 per cent on Tuesday on weaker crude oil and concern over a build up in supply as demand fades, traders said....
|
|
|
||
|
Karachi market rates
KARACHI, Nov 11: The following were Tuesday commodity market rates in rupees....
|
|
|
|
|
||
