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| December 12, 2008 | Friday | Zilhaj 13, 1429 |
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Inflation eases on fall in oil prices
ISLAMABAD, Dec 11: Inflation decelerates from a three-decade high in November 2008 after hefty decrease in domestic oil prices in the wake of slump in oil prices in international market.... 
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SECP to discipline ‘not-for-profit’ bodies
KARACHI, Dec 11: The Securities and Exchange Commission of Pakistan (SECP) on Thursday issued a long list of directives aimed at bringing about transparency in the working of ‘not-for-profit’ associations....
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Khushhali Bank urged to raise deposits
RAWALPINDI, Dec 11: The Khushhali Bank needs to bridge its liquidity gap by 2009 to remain financially sustainable to undertake its mission through its operational outreach and the use of microfinance as a tool for poverty reduction....
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US trade deficit grows 1.1pc
WASHINGTON, Dec 11: The US trade deficit rose 1.1 per cent in October to $57.2 billion, as a weak global economy hurt both imports and exports and the gap with China widened, a government report showed on Thursday....
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‘Declining petrol prices yet to affect CNG sales’
KARACHI, Dec 11: Frequent cuts in petrol prices are yet to make any major impact on the sale of compressed natural gas as CNG is still cheaper than petrol by 44.8...
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MSCI removes Pakistan’s stock index
KARACHI, Dec 11: MSCI Barra, a leading provider of investment decision support tools worldwide, including indices and portfolio risk and performance analytics, announced on Thursday that it would remove the MSCI...
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Customs revenue jumps by 29pc
KARACHI, Dec 11: Revenue collected at Customs stage rose by 29 per cent during first five months (July-Nov) of the current fiscal year, 2008-09....
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Dollar wilts on gloomy US data
LONDON, Dec 11: The dollar wilted against the euro on Thursday on more disappointing US economic news and as stock markets stabilised, reducing demand for the US currency as a safe-haven investment in times of trouble....
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Sri Lanka’s exports to India fall by 13pc
COLOMBO, Dec 10: Sri Lanka’s exports to India have declined by 13 per cent to $346 million over the past year despite a seven per cent growth in the Indian economy during the period, according to a Sri Lankan trade expert....
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Oil prices surge as Russia plans output cut
LONDON, Dec 11: Oil prices jumped $4, or almost 10 per cent, on Thursday as Russia said it was ready to join forces with Opec and cut output....
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Reserves at $9.095bn
KARACHI, Dec 11: Pakistan’s total liquid foreign reserves stand at $9,095.0 million, says a statement issued by the State Bank of Pakistan on Thursday....
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Russia faces grain glut
MOSCOW, Dec 11: Russia faces a grain glut in 2009 as it prepares to harvest another bumper crop, putting domestic prices under pressure and overwhelming storage capacity already stretched by this year’s crop, the biggest in about 15 years....
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Karachi Port operations
KARACHI, Dec 11: Seven ships with containers, sulphur and to load cement and clinker are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Europe wrangles over stimulus
BRUSSELS, Dec 11: European nations wrangled over the best way to beat the global recession on Thursday as a key US auto industry bailout package faced a tough vote in the Senate....
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UK factory orders down in December
LONDON, Dec 11: British factory orders fell sharply in December as export orders shrank at their fastest pace in more than five years, a survey showed on Thursday....
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Switzerland cuts interest rate
ZURICH, Dec 11: Switzerland’s central bank slashed on Thursday its benchmark interest rate by half a percentage point to a range of zero to 1.0 per cent to boost an economy it now expects to be in recession next year....
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China’s import alert on US food items
BEIJING, Dec 11: China, which has weathered a series of scandals over food safety, has put 12 US food products on a 90-day import alert after they were found to contain a banned dye or excessive additives or preservatives....
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S. Africa cuts interest rates
JOHANNESBURG, Dec 11: The South Africa Reserve Bank on Thursday lowered its benchmark interest rate by a half-point to 11.5 per cent, the first cut in three years, citing an improvement in the inflation outlook.....
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