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| December 07, 2008 | Sunday | Zilhaj 8, 1429 |
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Stop or curb borrowing from SBP: Shamshad
KARACHI, Dec 6: State Bank of Pakistan Governor Dr Shamshad Akhtar on Saturday suggested either stop altogether or effectively curb the government’s unlimited borrowing from the central bank by amending the... 
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Agriculture expands by just 1.5pc in 2007-08: Poor resource management
KARACHI, Dec 6: The State Bank of Pakistan has said that failure in large crops production was mainly because of resource management issues and the absence of a clear pricing policy, which resulted in record low 1.5...
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Political turmoil retards industrial growth
KARACHI, Dec 6: The State Bank of Pakistan has sighted political turmoil as one of the major reasons for slowing down the industrial sector, which grew just at the half rate what it had achieved in the last fiscal year....
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Business leaders to encourage trilateral cooperation
ISTANBUL, Dec 6: Business leaders from Afghanistan, Turkey and Pakistan on Friday agreed to develop projects to encourage trilateral economic cooperation in food, energy and infrastructure development....
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India cuts interest rates
MUMBAI, Dec 6: India’s central bank on Saturday slashed its two key short-term interest rates by a full percentage point each to stimulate an economy hit by the global recession and shaken further by the Mumbai attacks....
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Opec output delay fails to prop up oil market
RIYADH, Dec 6: Taking a cue from the Opec decision last week to defer cutting output to its next meeting, oil markets took a deep plunge, crashing by more than nine...
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State Bank prefers stability over growth
KARACHI, Dec 6: The State Bank of Pakistan in its annual report has pinned high hopes on implementation of macroeconomic stabilisation package, endorsed by the International Monetary Fund to bring down galloping inflation and recreate an economic environment conducive for investment....
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SECP, KSE fail to reach consensus on ‘floor’
KARACHI, Dec 6: The meeting of the Securities and Exchange Commission of Pakistan (SECP) with the stakeholders on Saturday ended on an inconclusive note as consensus could not be reached on some of the core issues....
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Sindh revenue plunges: Vehicle registration
KARACHI, Dec 6: Drop in sale of vehicles and heavy taxation on their registration has seriously affected revenue collection by the Sindh excise department’s motor vehicle registration wing....
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Buyers desert cotton market
KARACHI, Dec 6: Pre-eid holiday mood prevailed on the cotton market on Saturday as buyers and sellers kept to the sidelines most of the time because of delivery problems and fresh limit-fall in the New York cotton futures....
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Karachi Port operations
KARACHI, Dec 6: Seven ships carrying chemicals, high-speed diesel and containers are due to arrive at the outer anchorage on Sunday, according to KPT sources....
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Port Qasim
KARACHI, Dec 6: Six more ships carrying containers, furnace oil and palm oil arrived at the outer anchorage during the last 24 hours, said a PQA press release on Saturday....
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US treasuries termed riskiest securities
NEW YORK, Dec 6: US government debt, long considered the safest investment in the world, looks like it too has been hit by “bubble” fever....
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Jakarta secures $5 billion in emergency loan
JAKARTA, Dec 6: Indonesia has secured emergency loans worth $5 billion to help plug its budget deficit and boost growth, authorities have said....
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IMF official visits FPCCI
KARACHI, Dec 6: Paul Raus, newly-designated IMF representative to Islamabad, visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) here on Saturday....
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Commodities prices fall as demand prospects dampen
LONDON, Dec 6: Commodity prices tumbled this week with losses accelerated Friday by news of half-a-million job losses in the United States that fuelled expectations of steep falls in demand for raw materials....
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Wall Street wobbles as economic gloom deepens
NEW YORK, Dec 6: Wall Street’s roller-coaster ride saw more gut-wrenching turns over the past week as investors came to terms with what appears to be a deep and painful economic slump....
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More global economic coordination needed
LONDON, Dec 6: More international coordination of macro-economic policy is needed, Bank of England Deputy Governor John Gieve said on Saturday....
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Gold slides in New York
NEW YORK, Dec 6: Gold fell sharply to close just above $750 an ounce on Friday as a bleak U.S. job report led to a higher dollar, triggering wholesale liquidation across the board from stocks to oil and commodities....
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Dollar gains vs euro, yen
NEW YORK, Dec 6: The dollar rose against the euro and yen on Friday despite surging US job losses with the market favouring the greenback as a safe-haven currency amid a worsening global economic crisis.The...
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US rice futures soar
CHICAGO, Dec 6: US rough rice futures on the Chicago Board of Trade rallied the 50-cent limit and reached a two-week high on Friday, and the front-month spread firmed after big cancellations of CBOT grain registrations, traders said....
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China car sales drop
BEIJING, Dec 6: Car sales in China fell more than 10 per cent in November as the global financial crisis eroded consumer confidence, state media reported....
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S. Arabia to go ahead with development projects
RIYADH, Dec 6: Saudi Arabia plans to push ahead with development projects despite falling oil income, hoping to tap opportunities created by falling construction costs, the Saudi central bank governor said in published remarks....
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Karachi market rates
KARACHI, Dec 6: The following were Saturday commodity market rates in rupees....
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