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| December 03, 2008 | Wednesday | Zilhaj 4, 1429 |
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All stakeholders being involved in planning: Tarin
KARACHI, Dec 2: Finance Adviser Shaukat Tarin said on Tuesday that the government was operating on a modern concept of associating all stakeholders in planning and implementation and also a periodic review of how the plans were being implemented.... 
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Steps sought to reduce cost of doing business
KARACHI, Dec 2: Karachi business leaders have stressed the need for a closer cooperation and active coordination between the government and the private sector to bring down interest rates of banks,...
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KSE members elect five directors
KARACHI, Dec 2: The members of the Karachi Stock Exchange on Tuesday elected five directors to the board of the exchange for a one year term beginning Jan 1, 2009....
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Non-performing loans rise to Rs290bn
KARACHI, Dec 2: Banks are facing serious problem of loans default as it has added Rs37 billion non-performing loans (NPLs) to the total figure reaching close to Rs290 billion in just three months....
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Micro banks need to focus on commercial success
LAHORE, Dec 2: State Bank Governor Dr Shahmshad Akhtar has said that microfinance industry cannot achieve sustainability without commercialisation....
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Gwadar Port to handle cement exports
ISLAMABAD, Dec 2: The government has decided to carryout cement export activities in future from the Gwadar Port, while some part of wheat and fertiliser imports will also be shifted to the port....
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European traders buy 80,000 tons of basmati
NEW DELHI, Dec 2: European traders have bought 80,000 tons of basmati rice from Pakistan in the last 10 to 15 days, sidestepping main producer India’s new season crop because of higher prices, a senior industry official said on Tuesday....
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Takaful cover
KARACHI, Dec 2: The Pak-Qatar Family Takaful Ltd and Al Meezan Investments have signed an agreement that will provide all investors of Al Meezan Investments’ Mahana Kharch Account (MMKA) with Shariah- compliant free takaful coverage of up to Rs1 million....
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Oil rises after hitting 4-year low
LONDON, Dec 2: Oil prices rose slightly on Tuesday on bargain-hunting, having slumped to near four-year lows at $46 earlier in the day on concerns over weak energy demand....
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Revenue collection up 24.4pc in July-Nov
ISLAMABAD, Dec 2: The revenue collection shot up by 24.4 per cent during the first five months of the current fiscal year over the period last year, suggested data of Federal Board of Revenue (FBR) issued on Tuesday....
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TCP buys 65,000 bales
KARACHI, Dec 2: The Trading Corporation of Pakistan (TCP) has contracted for the purchase of 65,000 bales of lint cotton at its procurement centres across the country....
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Stock trading shows signs of improvement
KARACHI, Dec 2: The share market on Tuesday gave an improved performance as a section of investors covered positions on select counters after it was officially made clear that removal of ‘floor’ from under the KSE 100-share index needed IMF nod....
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Nigerian budget
ABUJA, Dec 2: Nigerian President Umaru Yar’Adua proposed a 2.87 trillion naira ($24 billion) 2009 budget on Tuesday, a slight increase over actual spending for this year despite falling revenues due to lower world oil prices.—Reuters...
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Firm trend on cotton market
KARACHI, Dec 2: Cotton market on Tuesday showed firm trend as prices were quoted higher by Rs50 per maund as spinners and mills continued to build up strong positions against their forward sales of textiles....
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US reminds China about currency flexibility
WASHINGTON, Dec 2: US Treasury Secretary Henry Paulson urged China on Tuesday to keep its currency flexible and to wean itself from export-led growth in its bid to achieve “balanced” economic expansion despite global financial turmoil....
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Tata Steel Q2 profits up 215pc
MUMBAI, Dec 2: Tata Steel, the world’s sixth-largest steelmaker on Tuesday reported consolidated second quarterly net profit jumped over 215 per cent, lifted by earnings from its British unit Corus....
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Euro Recovers against dollar
LONDON, Dec 2: The euro enjoyed a strong bounce against the dollar on Tuesday after recent losses as the market adjusted positions ahead of an expected sharp cut in eurozone interest rates later this week....
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Karachi Port operations
KARACHI, Dec 2: Nine ships carrying general cargo, containers and to load cement and ethanol are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, Dec 2: Three ships carrying 2,155 (TEUs) containers, 6,000 tons palm oil and 64,337 tons furnace oil were allotted berths at Qasim International Container Terminal, Multi-Purpose Terminal and Fotco Oil...
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Power tariffs to double in S. Africa
JOHANNESBURG, Dec 2: Electricity tariffs in South Africa will double within three years, the government said on Tuesday, urging consumers to use less power as the country grapples with a crippling energy shortage....
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Toyota sales
CHICAGO, Dec 2: Toyota reported on Tuesday a 34 per cent drop in November US auto sales to 130,307 vehicles amid a broad economic slowdown....
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Asian stocks plunge on fears of US recession
HONG KONG, Dec 2: Asia’s markets took a battering Tuesday on fears a US recession could run deep after another batch of miserable economic news from the world’s biggest economy....
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Europe, US stocks rebound
LONDON, Dec 2: European and US stocks rose on Tuesday in a technical rebound after heavy losses the previous day as concerns mounted that the global economy faces a long and painful recession....
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Malaysian palm oil lower
JAKARTA, Dec 2: Malaysian palm futures ended down more than 1 per cent on Tuesday, depressed by weak crude oil, although they were off their lows on expectations holiday demand may reduce stocks, traders said....
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Karachi market rates
KARACHI, Dec 2: The following were Tuesday commodity market rates in rupees....
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