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| January 01, 2009 | Thursday | Muharram 03, 1430 |
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Italy urged to invest in Pakistan
ISLAMABAD, Dec 31: Investment Minister Waqar Ahmad Khan has asked Italian businessmen to invest in Pakistan taking advantage of business and investment-friendly environment.... 
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Bailout package for bourses likely next week
ISLAMABAD, Dec 31: Adviser to Prime Minister on Finance and Revenue Shaukat Tarin said on Wednesday that the government would release next week Rs20 billion bailout package for the stock market to support sinking bourses....
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Pakistani stocks end 2008 with loss of 58.34pc
KARACHI, Dec 31: Most investors and brokers would want to shake the memory of the most dreadful year in two decades, out of mind....
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Car, motorbikes stay costly in 2008
KARACHI, Dec 31: The prices of locally-assembled cars rose by an average 30 per cent, while Japanese and Chinese bike makers raised rates by over Rs13,000 and Rs6,000 per unit, respectively, in the calendar 2008....
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CNIC date for bank accounts extended
KARACHI, Dec 31: The last date for the computerised National Identity Card (CNIC) required for accounts in banks and Development Financial Institutions (DFIs) has been extended for another six months....
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Tanners oppose move to levy new tax
KARACHI, Dec 31: The Pakistan Tanners Association (PTA) has opposed the Federal Board of Revenue proposal to increase withholding tax on exports and imports....
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Power, gas outages playing havoc with industries
KARACHI, Dec 31: The prolonged power and gas outages throughout the country were causing havoc to the industry, which has to go on self-generation for 12 to 18 hours a day....
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Mumbai carnage hits Pakistan-India trade
ISLAMABAD, Dec 31: Pakistan-India bilateral trade, which increased to $2billion a year from $835million in 2004 due to peace process started by former President Musharraf, has again fallen prey to repercussions of the Mumbai carnage....
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Euro falls vs dollar
LONDON, Dec 31: The euro fell back against the dollar and inched away from parity with sterling on Wednesday, the final trading day of a fitful 2008 for world currency markets....
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Oil prices dip
LONDON, Dec 31: Oil prices eased on Wednesday but managed to remain above $40 in London at the end of a tumultuous 2008 which saw crude hit record peaks before plunging to multi-year lows....
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Yield on T-bills eases
KARACHI, Dec 31: The cut-off yield on six-month Treasury bills fell to 13.9959 per cent at an auction on Wednesday, the State Bank of Pakistan said....
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KSE 100-share index down 172 points
KARACHI, Dec 31: The stock market finished the last session of the calendar 2008 on a bearish note as operation liquidation continued, however unlike the previous sessions some of the leading...
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Iraq invites new tenders
BAGHDAD, Dec 31: Iraqi Oil Minister Hussein al-Shahristani announced on Wednesday the launch of a new international tender for development of 11 oil and gas fields in a bid to ramp up the nation’s lagging oil production....
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Cotton prices remain stable
KARACHI, Dec 31: Cotton prices on Wednesday remained stable around the overnight levels as spinners were not inclined to take even a technical breather amid fears of pressure on future ready supplies....
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Karachi Port operations
KARACHI, Dec 31: Three shi-ps carrying containers and 34,990 tons of imported wheat are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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New ABC president
KARACHI, Dec 31: Asif Jooma, managing director Abbott Laboratories (Pakistan) Ltd....
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Citi raises its capital
KARACHI, Dec 31: Citibank N.A. (Citi) on Wednesday announced it has enhanced its capital position in Citi Pakistan with an injection of Rs2.2 billion ($27.5 million) taking the total capital of its Pakistan branches to Rs7.7...
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Gold eases in London
LONDON, Dec 31: Gold eased on Wednesday as oil prices softened in thin trade ahead of the New Year break, but is set to be one of the only commodities to...
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World stock markets close lower
LONDON, Dec 31: World stocks brought down the curtain on a miserable year with modest gains on Wednesday but 2008 will be remembered for key markets shedding half their worth as the global economy endured a disastrous slowdown....
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Palm oil prices down
JAKARTA, Dec 31: Malaysian palm futures dropped 44.43 per cent in 2008, the biggest yearly decline ever, but could see a continuation of their recent rebound at the start of 2009 as exports pick up, traders said....
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Karachi market rates
KARACHI, Dec 31: The following were Wednesday’s commodity market rates in rupees....
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