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| December 30, 2008 | Tuesday | Muharram 01,1430 |
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SBP urges revision of transport charges: Massive decline in fuel prices
KARACHI, Dec 29: The State Bank of Pakistan wants transportation cost in the country to come down in line with reduction in domestic fuel prices. In its first quarterly report of... 
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Petrol shortage adding to consumers suffering
KARACHI, Dec 29: Consumers are facing severe problems in filling fuel tanks of their vehicles as many pump owners especially in Punjab have suspended petrol sales, while the situation in Sindh is not that serious....
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148 parties consent to square up Rs6.5bn: Unsettled CFS of Rs9.5bn
KARACHI, Dec 29: As many as 60 financiers (lenders) and 88 financees (borrowers) had submitted their consent to the National Clearing Company of Pakistan (NCCPL) for participation in the CFS MK-II...
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SLIC to launch new insurance scheme
KARACHI, Dec 29: The State Life Insurance Corporation of Pakistan (SLIC) plans to launch health insurance and introduce occupational group insurance for non-corporate clients....
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Raw fabric prices fall
FAISALABAD, Dec 29: Prices of different raw fabrics have plummeted at the local grey cloth markets....
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Banking reforms strategy launched for 10 years
KARACHI, Dec 29: The State Bank on Monday launched the Banking Sector Strategy (BSS) formulated for next decade mainly carrying intensive banking reforms....
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Oil prices jump on Gaza tensions
LONDON, Dec 29: Oil prices briefly soared above $40 a barrel Monday on rising unrest in the Middle East and evidence that Opec members have begun complying with agreed output cuts, traders said....
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Euro gains against dollar
LONDON, Dec 29: The euro surged on Monday while the British pound fell further towards parity against the European single currency as the escalating violence in Gaza dominated markets, dealers said....
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Stocks suffer fresh fall despite CFS settlement
KARACHI, Dec 29: The share market on Monday failed to respond positively to some of the developments notably the amicable settlement of outstanding positions on the CFS MK-II counter and a...
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Trading gets bullish on cotton market amid panic buying
KARACHI, Dec 29: Trading on the cotton market on Monday resumed on a bullish note as spinners and mills again indulged in panic buying followed by reports of strong presence of the Trading Corporation of Pakistan (TCP) as a second buyer....
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Karachi Port operations
KARACHI, Dec 29: Three ships carrying containers and high-speed diesel are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Ukraine, Russia at odds over gas debts
MOSCOW, Dec 29: Prime Minister Vladimir Putin said on Monday that Russia and Ukraine had failed to break the deadlock in their dispute over gas debts, as the clock ticked down to a New Year deadline to settle the dispute....
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Russia again allows devaluation
MOSCOW, Dec 29: Russia on Monday allowed the 12th effective devaluation of the ruble over the past two months, widening the currency’s trading band against a euro-dollar basket, the central bank said....
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MIF units conversion
KARACHI, Dec 29: The Al Meezan Investments has removed temporary suspension of Pricing, Issuance, Redemption and Conversion of the units of Meezan Islamic Fund (MIF). The normal transactions in the units...
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UN to observe 2009 as year of natural fibres
RAWALPINDI, Dec 29: The year 2009 has been declared by the United Nations as International Year of Natural Fibres (IYNF) to promote the efficiency and sustainability of such fibres and to...
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Gold up in London
LONDON, Dec 29: Gold rose nearly 3 per cent on Monday as tensions in the Middle East sparked a rally in oil prices and boosted interest in the precious metal as...
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Asian stock markets end mixed
HONG KONG, Dec 29: Asian stocks were mixed on Monday in quiet year-end trade, with investors remaining on the sidelines as they brace for what is likely be a volatile 2009....
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Indian rupee lower
MUMBAI, Dec 29: The Indian rupee erased losses to close little changed on Monday as late gains in the local share market boosted hopes of fresh capital inflows....
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Karachi market rates
KARACHI, Dec 29: The following were Monday’s commodity market rates in rupees....
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