|
| November 19, 2008 | Wednesday | Ziqa'ad 20, 1429 |
|
KSE: confounding the confusion
KARACHI, Nov 18: With the ‘floor’ securely in place, the problems at the Karachi Stock Exchange are multiplying by the day.... 
|
|
Petrol sale below Rs1,000 on credit cards to be stopped
KARACHI, Nov 18: The petroleum dealers have decided to discontinue petrol and diesel filling of less than Rs1,000 through credit cards from Nov 21 to lodge their protest over government decision to reduce their commission....
|
|
||
|
BoI chief denies cut in FDI inflows
ISLAMABAD, Nov 18: Minister of State and chairman Board of Investment Saleem Mandviwala said on Tuesday that there was no cut in foreign investment inflows into the country due to the law and order situation....
|
|
Foreign investment down
KARACHI, Nov 18: Net foreign investment inflows to Pakistan fell almost 30 per cent to $1.14 billion in the first four months of fiscal year 2008-09 (July-October)....
|
|
|
||
|
Worst session in KSE trading history
KARACHI, Nov 18: The share market on Tuesday lacked normal trading interest as investors kept to the sidelines awaiting some positive news about lifting of the ‘floor’ in the backdrop of...
|
|
Rupee recovers about 1pc vs dollar
KARACHI, Nov 18: The rupee firmed nearly one per cent against the dollar on Tuesday on foreign inflows and improved sentiment following the government’s agreement with the International Monetary Fund (IMF) for a $7.6...
|
|
|
||
|
Oil steady as demand set to contract
LONDON, Nov 18: Oil prices held firm on Tuesday as the Centre for Global Energy Studies (CGES) forecast a contraction in global demand for the first time in 25 years amid a severe global economic slowdown....
|
|
Dollar slips
LONDON, Nov 18: The dollar slipped on Tuesday against the euro, erasing earlier gains due to weak US pricing data, but the chairman of the US Federal Reserve insisted the US remained the premier world currency....
|
|
|
||
|
Phutti arrivals raise bumper crop hopes
KARACHI, Nov 18: Higher phutti (seed cotton) arrivals from fields into ginneries have brightened the prospects of a bumper cotton crop for the current season (2008-09)....
|
|
Import value of Chinese bike parts fixed
KARACHI, Nov 18: The Director General of Customs Valuation has finally fixed the import value of Chinese carburettor at $6.85 per piece after a gap of one and half years....
|
|
|
||
|
US, Japan see no quick end to crisis
WASHINGTON, Nov 18: The US Treasury warned on Tuesday that a boost to the economy will not come quickly despite a massive bailout and automakers pleaded for more help to save them from disaster in a global economic meltdown....
|
|
Soap noodles’ dumping: probe starts
ISLAMABAD, Nov 18: The government has initiated an anti-dumping investigation against Malaysian exporters for allegedly dumping soap noodles into Pakistan, causing loss to local manufacturers....
|
|
|
||
|
Prices remain stable as TCP set to procure cotton
KARACHI, Nov 18: The cotton market consolidated the overnight gains on Tuesday as spinners and mills continued to build up long positions ahead of possible entry of the Trading Corporation of Pakistan (TCP) as a second buyer....
|
|
Law to form Pakistan Bureau of Statistics
ISLAMABAD, Nov 18: A draft law to convert Federal Bureau of Statistics into Pakistan Bureau of Statistics has been prepared to further improve the efficiency of the organisation....
|
|
|
||
|
Businessmen Group Boycotts QCCI polls
QUETTA, Nov 18: The Businessmen Group, headed by Agha Liaquat Ali, on Tuesday announced that it would boycott the Wednesday’s elections of the Quetta Chamber of Commerce and Industry, accusing the other group of having made fake membership....
|
|
World freight prices plunge on murky outlook
LONDON, Nov 18: Freight shipping prices for transporting dry raw materials collapsed in November, slammed by the global financial crisis, slowing economic growth and falling commodity prices, industry experts said....
|
|
|
||
|
Kuwait sets up fund to buy stocks
KUWAIT CITY, Nov 18: The government on Tuesday decided to set up a special fund to buy shares on the Kuwait Stock Exchange in a bid to bolster the flagging bourse, the cabinet said....
|
|
Karachi Port operations
KARACHI, Nov 18: Six ships carrying containers and high-speed diesel are due to arrive at the outer anchorage on Wednesday, according to Karachi Port Trust (KPT) sources....
|
|
|
||
|
Port Qasim
KARACHI, Nov 18: Three ships were allotted berths at the Qasim International Container Terminal and Multipurpose Terminal, respectively, during the last 24 hours to load and offload containers, cement and wheat....
|
|
India sees 9pc growth next year
NEW DELHI, Nov 18: India insisted on Tuesday its economy would rebound next year from the global financial crisis, saying it expected to return to robust growth of nine per cent....
|
|
|
||
|
PRCL profit
KARACHI, Nov 18: The Pakistan Reinsurance Company Ltd earned underwriting profit of Rs159 million during the first nine months of 2008 compared to Rs85 million during the same period last year marking 87 per cent growth, says a press release....
|
|
Asian stock markets tumble
HONG KONG, Nov 18:Asian stock markets tumbled on Tuesday as fears of a painful global recession were reinforced after US banking giant Citigroup slashed 50,000 jobs and the financial crisis showed no sign of easing....
|
|
|
||
|
Gold steady in Europe
LONDON, Nov 18: Bargain-hunters lifted platinum on Tuesday as the market awaited a key report from the world''s top platinum refiner Johnson Matthey,while gold was steady....
|
|
Palm oil futures firmer
KUALA LUMPUR, Nov 18: Malaysian palm oil futures held modestly firmer on Tuesday but fears that export growth may not keep up with ballooning stockpiles continued to grip the market....
|
|
|
||
|
Karachi market rates
KARACHI, Nov 18: The following were Tuesday commodity market rates in rupees....
|
|
|
|
|
||
