|
| November 28, 2008 | Friday | Ziqa'ad 29, 1429 |
|
90 days of market closure, no breakthrough in sight
KARACHI, Nov 27: The government is holding the stock market hostage as it announces no firm date of re-opening of the market, nor is there a glimmer of hope about the promised stabilisation funds.... 
|
|
Task force to ensure security to investors
ISLAMABAD, Nov 27: The newly-established Ministry of Investment has moved a summary to Prime Minister Yousuf Raza Gilani for final approval of a “Special Task Force” being set up to provide round-the-clock security to investors....
|
|
||
|
Tax on all earning sectors except agriculture
ISLAMABAD, Nov 27: Adviser to Prime Minister Shaukat Tarin said on Thursday that the government would extend scope of taxes to every earning sector in the next five to seven years...
|
|
Share purchase deal for HPFL today
ISLAMABAD, Nov 27: The Privatisation Commission will sign a share purchase agreement (SPA) with the successful bidder on Friday for handing over of the Hazara Phosphate and Fertilisers (Pvt) Limited (HPFL)....
|
|
|
||
|
Ports tariff highest in the region
KARACHI, Nov 27: Pakistani ports not only charge the highest tariffs in the region but are also not equipped to meet the needs of modern maritime trade where competitiveness, efficiency and...
|
|
Minister asks tractor makers to cut prices
ISLAMABAD, Nov 27: Minister for Industries and Production Mian Manzoor Ahmad Wattoo has said the government is making all efforts to ensure availability of tractors at affordable prices....
|
|
|
||
|
Nespak okays 50 per cent dividend
LAHORE, Nov 27: The board of directors of the National Engineering Services Pakistan has approved a dividend of 50 per cent to shareholders with performance bonus of two-and-a-half months salary to professionals and three-and-a-half months salary to workmen and staff members....
|
|
S. Korean firms keen to invest in energy sector
ISLAMABAD, Nov 27: South Korean companies are keen to invest in thermal and hydel power generation projects in Pakistan to help the country meet its future energy demands....
|
|
|
||
|
Pakistan wins first prize in Indian trade fair
KARACHI, Nov 27: Pakistani textile, spices, onyx/ marble, cosmetic products were widely recognised in India’s International Trade Fair-2008, said chairman, fairs and exhibitions committee of the FPCCI, Sheikh Farooq Ahmad....
|
|
Euro holds firm against dollar
LONDON, Nov 27: The euro held firm against the dollar on Thursday as the US currency’s safe haven status dimmed in calm trade on a day when US markets were closed for the Thanksgiving holiday.The...
|
|
|
||
|
Oil prices fall
LONDON, Nov 27: Oil prices fell slightly on Thursday as the market looked ahead to a weekend Opec meeting in Cairo where the crude producers’ cartel may decide against slashing output....
|
|
KCCI seeks tax liability adjustment
KARACHI, Nov 27: President of Karachi Chamber of Commerce and Industry Anjum Nisar has urged the Federal Board of Revenue to allow tax-payers to adjust their tax liability against their determined...
|
|
|
||
|
Spain’s stimulus package
MADRID, Nov 27: Spanish Prime Minister Jose Luis Rodriguez Zapatero announced on Thursday an 11-billion-euro economic stimulus package to help the country cope with the global financial crisis....
|
|
Bottom-capped stock market stays flat
KARACHI, Nov 27: Trading activity on the stock market on Thursday failed to pick up as investors adhered to the sidelines and did not make fresh commitments awaiting the outcome of...
|
|
|
||
|
Steel giant plans 9,000 jobs cut
LUXEMBOURG, Nov 27: Steel-making giant ArcelorMittal said on Thursday that it might slash up to 9,000 jobs across the group worldwide through voluntary redundancies to cope with the economic slump....
|
|
Karachi Port operations
KARACHI, Nov 27: Seven ships carrying containers and sulphur and to load cement are expected to arrive at the outer anchorage on Friday, according to KPT sources....
|
|
|
||
|
Port Qasim
KARACHI, Nov 27: Six ships carrying containers, wheat, palm oil and furnace oil were allotted berths at the Qasim International Container Terminal, Multi -Purpose Terminal and Fotco Oil Terminal, respectively, during the last 24 hours....
|
|
Modest activity on cotton market
KARACHI, Nov 27: Physical activity on the cotton market shrank to a modest proportion on Thursday as ginners were not inclined to lower their asking prices amid analysts predictions that a rebound is around....
|
|
|
||
|
Indian inflation falls to six-month low
NEW DELHI, Nov 27: India’s inflation fell to a six-month low, providing more room to the central bank to cut interest rates to spur flagging economic growth, analysts said on Thursday....
|
|
European stocks turn bullish
LONDON, Nov 27: European stock markets were higher on Thursday, advancing steadily as investors caught a ride on a technical rebound despite overwhelmingly negative economic data....
|
|
|
||
|
Elected
KARACHI, Nov 27: Tariq Shafi was elected chairman of Pakistan Tyre Importers and Dealers Association (PTIDA). Muhammad Shahid Shaikh and Muhammad Hameed Malik were elected vice-chairmen....
|
|
Passco urged to pay rice growers’ dues
ISLAMABAD, Nov 27: The Parliamentarians Commission for Human Rights on Thursday expressed concern over the failure of Pakistan Agriculture Storage and Supply Corporation (Passco) to pay officially promised payment to rice growers in the Punjab....
|
|
|
||
|
EU business confidence hits 23-year low
BRUSSELS, Nov 27: Consumer and business confidence in the European Union slumped in November to the lowest level in 23 years in the face of looming recession, according to an EU survey on Thursday....
|
|
Gold steady in Europe
LONDON, Nov 27: Gold was little changed in Europe on Thursday as the effects of a weaker dollar were counteracted by a fall in the oil price, with trading muted by...
|
|
|
||
|
Asian stocks up on China rate cut
HONG KONG, Nov 27: Asian stocks were higher on Thursday following the biggest rate cut in China for a decade and despite a raft of data from the United States that points to a recession in the world’s biggest economy....
|
|
Palm oil ends higher
JAKARTA, Nov 27: Malaysian palm oil futures closed higher for the fourth consecutive day on Thursday, boosted by expectations that a Chinese move to slash interest rates will underpin demand, traders said....
|
|
|
||
|
Karachi market rates
KARACHI, Nov 27: The following were Thursday commodity market rates in rupees....
|
|
|
|
|
||
