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| December 06, 2008 | Saturday | Zilhaj 7, 1429 |
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SECP plans ‘floor’ removal on 15th
KARACHI, Dec 5: The Securities and Exchange Commission of Pakistan (SECP) plans to remove the ‘floor’ from under the stock index on Dec 15, Chairman Razi-ur-Rahman told Dawn on Friday.... 
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Support fund: still on the cards?
KARACHI, Dec 5: Adviser to the Prime Minister on Finance Shaukat Tarin said in a late night show on a private TV channel that the idea of stock market support fund had not been totally abandoned....
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Exemptions to be withdrawn in phases: Taxation proposals
ISLAMABAD, Dec 5: The Federal Board of Revenue (FBR) on Friday unveiled its proposed taxation measures marked with substantial withdrawal of exemptions in phases and bringing new areas under the tax net to be announced in the budget 2009-10....
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Bush admits US economy in recession
WASHINGTON, Dec 5: US President George W. Bush on Friday acknowledged for the first time that the US economy is in a recession after the release of official data showing the worst monthly job losses since 1974....
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E-service slows down companies enrolment
KARACHI, Dec 5: The Securities and Exchange Commission of Pakistan (SECP) has been accused of complicating the method for incorporation of companies instead of providing a fast and quick service through the use of Information Technology (IT)....
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New French economy minister
PARIS, Dec 5: President Nicolas Sarkozy on Friday appointed a new minister for economic recovery charged with overseeing a massive stimulus plan to help France fight the global slowdown....
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No signs of revival of economy
KARACHI, Dec 5: There are no apparent signs of revival of economy and resumption of normal business activities even after more than three weeks of signing of a programme with the...
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MNCs minting money on sale of lubricants
KARACHI, Dec 5: The multinational companies manufacturing lubricants have not reduced the rates despite steep fall in crude oil prices in the world markets in the last six months....
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LC margin on auto imports may go
LAHORE, Dec 5: Board of Investment Chairman and Minister of State Saleem H. Mandviwalla said on Friday that the government had decided to abolish 35 per cent cash margin condition for...
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Passco to Procure 1m tons of paddy
ISLAMABAD, Dec 5: The government decided on Friday that one million tons of paddy would be procured through Passco while the Trading Corporation of Pakistan would be engaged in the procurement of 0.5...
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Oil prices dive under $40
LONDON, Dec 5: Crude oil prices plunged below $40 on Friday to their lowest levels in nearly four years, as worse-than-expected jobs data in the United States raised prospects of a severe fall in energy demand....
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TCP tenders for 0.5m tons of wheat
ISLAMABAD, Dec 5: The Trading Corporation of Pakistan (TCP) issued a tender on Friday to import 500,000 tons of wheat....
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Trading interest diminishes on long weekend ahead
KARACHI, Dec 5: Stocks finished the weekend session on a steady note as investors were not inclined to make fresh commitments owing to a long weekend ahead and played mostly safe...
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Listless trading on cotton market
KARACHI, Dec 5: Trading on the cotton market on Friday shrank to modest proportions as spinners and mills did not make fresh commitments owing to delivery problems due to upcoming Eid holidays....
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Dollar gains against euro after US data
LONDON, Dec 5: The dollar gained against the euro on Friday despite worse-than-expected US jobs data as investors sought out the greenback as a safehaven amid fears of a deepening global recession....
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Merrill Lynch takeover
NEW YORK, Dec 5: Bank of America’s acquisition of Merrill Lynch won approval from shareholders of both firms on Friday, marking the final chapter for the Wall Street icon battered by the housing and credit crisis....
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Karachi Port operations
KARACHI, Dec 5: Berthing activity at the wharves on Friday was on the higher side as port agencies tried to maintain the berthing schedules....
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Port Qasim
KARACHI, Dec 5: Four ships to load/offload containers, cement and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Friday....
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Asian stock markets finish mixed
HONG KONG, Dec 5: Asia’s stocks were mixed on Friday despite a series of rate cuts in Europe as dealers awaited key jobs figures from the United States and the Big Three automakers begged for a billion-dollar bailout....
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Gold prices up in Europe
LONDON, Dec 5: Gold inched higher to hold just below $770 an ounce, supported by slightly firmer oil prices, as traders took to the sidelines ahead of this afternoon’s key US jobs data....
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Malaysian palm oil climbs
JAKARTA, Dec 5: Malaysian palm oil futures rose more than 2 per cent on Friday on short-covering ahead of a long weekend, recovering from losses earlier in the day, traders said....
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Karachi market rates
KARACHI, Dec 5: The following were Friday commodity market rates in rupees....
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