|
| December 13, 2008 | Saturday | Zilhaj 14, 1429 |
|
Japanese investors not happy with zone location
KARACHI, Dec 12: Japanese investors and their Pakistani partners are not happy with Port Qasim location for setting up an exclusive Japanese Investment Zone because of enormous need of money to... 
|
|
Markets to open on Monday, CFS sticking point
KARACHI, Dec 12: The board of directors of the Karachi Stock Exchange released a notice for all members, following its meeting on Friday evening, stating: “Members are hereby informed that in...
|
|
||
|
Mufap elects new chairman
KARACHI, Dec 12: The board of directors of the Mutual Fund Association of Pakistan (Mufap) has elected Najam Ali as the chairman and Mir Mohammad Ali as the vice-chairman for 2009....
|
|
‘Crisis makes WTO deal more urgent’
GENEVA, Dec 12: WTO head Pascal Lamy said on Friday that the economic crisis made it “more pressing” for a global trade deal in 2009 after he scrapped a planned summit next week due to insurmountable differences....
|
|
|
||
|
Trading fails to pick up on stock market
KARACHI, Dec 12: The trading on the share market on Friday remained insipid as the reports of removal of the ‘floor’ from under the KSE 100-share index next week failed to...
|
|
State Bank tightens forex export rules
KARACHI, Dec 12: The State Bank on Friday further tightened export of foreign currencies to check smuggling and flight of capital from the country....
|
|
|
||
|
July-Nov trade gap widens to $8.7bn
ISLAMABAD, Dec 12: Pakistan’s trade deficit ballooned to an all-time high of $8.736 billion during the first five months (July-Nov) of the current fiscal year, up by 20.27...
|
|
South Asian economies seen slowing in 2009
RAWALPINDI, Dec 12: GDP growth in South Asia which slowed markedly in 2008 to 6.3 per cent from 8.4 per cent in 2007, is expected to slip to 5.4...
|
|
|
||
|
Protection of banks, DFIs heightened
KARACHI, Dec 12: The State Bank of Pakistan on Friday issued the revised Institutional Risk Assessment Framework (IRAF) to protect banks and Development Financial Institutions (DFIs) from risk and shocks....
|
|
Oil prices fall sharply
LONDON, Dec 12: Oil prices fell sharply on Friday in line with global stock markets, giving up most of the gains made the previous day when Russia suggested it would join Opec in cutting crude production....
|
|
|
||
|
First urea shipment due next month
ISLAMABAD, Dec 12: Federal Minister for Food and Agriculture Nazar Muhammad Gondal said on Friday that the first consignment of imported urea would reach on January 14, 2009....
|
|
TCP floats rice tender
KARACHI, Dec 12: The Trading Corporation of Pakistan (TCP) has floated a tender for the purchase of 300,000 tons of rice (new crop) to stabilise the prices....
|
|
|
||
|
WTO urged to engage Obama for a deal
GENEVA, Dec 12: The top EU trade official said on Friday the WTO must engage with US president-elect Barack Obama to try to clinch a global trade pact after negotiations at the end of this year failed....
|
|
Cotton market lacks trading interest
KARACHI, Dec 12: The cotton market on Friday lacked trading interest as brokers and ginners spent most of the time in exchanging eid greetings....
|
|
|
||
|
45pc duty hampering kinno export to Iran
KARACHI, Dec 12: The imposition of 45 per cent import duty on Pakistani kinno by the Iranian authorities has been hampering exports of the citrus....
|
|
US retail sales down
WASHINGTON, Dec 12: US retail sales have dropped for five consecutive months while wholesale prices tumbled as the country braced for deeper recession, fresh data showed on Friday....
|
|
|
||
|
Karachi Port operations
KARACHI, Dec 12: Six ships carrying high-speed diesel, crude oil and to load cement are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
|
|
Port Qasim
KARACHI, Dec 12: Four ships carrying containers, edible oil and furnace oil were accommodated berths during the last 24 hours, said a Port Qasim Authority (PQA) press release on Friday....
|
|
|
||
|
PPL board meets on 19th
KARACHI, Dec. 12: Pakistan Petroleum Ltd will hold an emergent meeting of board of directors on Friday next (December 19)....
|
|
Japan, ADB promote regional trade integration
ISLAMABAD, Dec 12: Trade and investment in the Asia and Pacific region are expected to benefit from a $900,000 grant from Japan and Asian Development Bank (ADB) that will improve trade policy formation and strengthen institutional capacity within the region....
|
|
|
||
|
Financial bailout fund for automakers likely
WASHINGTON, Dec 12: The White House said on Friday that it may tap a $700 billion Wall Street rescue to spare US automakers from an “immediate collapse” that the US economy “could not withstand.”...
|
|
French economy shrinks
PARIS, Dec 12: The French economy will shrink by 0.7 per cent in the fourth quarter, the central bank said on Friday, in a forecast that will increase scrutiny of President Nicolas Sarkozy’s plans to avert a recession....
|
|
|
||
|
Asian stocks plunge
HONG KONG, Dec 12: Asian stocks plunged on Friday after US Senators failed to approve a financial lifeline for struggling US automakers, whose potential collapse could devastate the industry worldwide....
|
|
Karachi market rates
KARACHI, Dec 12: The following were Friday’s commodity market rates in rupees....
|
|
|
||
