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BUSINESS
SBP allows MFBs to raise deposits at booths
By Our Staff Reporter
KARACHI, Nov 26: The State Bank on Thursday allowed microfinance banks to use their permanent booths for mobilisation of deposits.

Friday, 27 Nov, 2009
Gold falls 1pc after hitting $1,195
 
LONDON, Nov 26: Gold fell over one per cent from a record high hit earlier on Thursday as the dollar bounced from its lows, but the metal still eyed new peaks

Friday, 27 Nov, 2009
Reserves ease to $13.90bn
 
KARACHI, Nov 26: The country’s foreign exchange reserves fell to $13.90 billion in the week that ended on November 21 from $14.12 billion the previous week, the

Friday, 27 Nov, 2009
Penalty cut on late registration of bikes
By Muzaffar Qureshi
KARACHI, Nov 26: The Sindh excise department has reduced rates of penalty on late registration of motorcycles from Rs10,000 to Rs3,000 by (70pc) on six months

Friday, 27 Nov, 2009
TCP gets no bids for rice tender
 
ISLAMABAD, Nov 26: The Trading Corporation of Pakistan (TCP) has received no bids for an international tender to sell and export 25,000 tons rice, TCP officials

Friday, 27 Nov, 2009
Oil prices retreat as traders take profits
 
LONDON, Nov 26: World oil prices fell on Thursday on profit-taking after a strong rally the previous day on the back of positive US data and the weak dollar,

Friday, 27 Nov, 2009
Developing states close to tariff cut deal
 
GENEVA, Nov 26: Twenty-two developing countries are close to an agreement on cutting tariffs that could be signed when ministers gather here next week for a

Friday, 27 Nov, 2009
LPG price up by Rs4
 
KARACHI, Nov 26: LPG marketing companies have increased prices of liquefied petroleum gas (LPG) by Rs4 per kg to Rs85 in the country on the pretext of

Friday, 27 Nov, 2009
KSE 100-index recovers on support at dips
By Our Staff Reporter
KARACHI, Nov 26: Equity values finished the pre-Eid holiday session on a firm note despite a lot of profit-selling but strong selective support at the dips kept

Friday, 27 Nov, 2009
Unpaid rights
 
KARACHI, Nov 26: CDC has recently implemented the functionality for induction of Unpaid Rights into CDS. The electronic issuance and settlement of these rights

Friday, 27 Nov, 2009
Aptma urges govt not to intervene in yarn export trade
By Parvaiz Ishfaq Rana
KARACHI, Nov 26: The All-Pakistan Textile Mills Association (Aptma) has asked the government not to intervene in free market mechanism of yarn trade as it will

Friday, 27 Nov, 2009
Dubai debt fears hit world stock markets
 
LONDON, Nov 26: Global equities slumped on Thursday, with Europe down three per cent after Dubai’s shock call to suspend the debt of a key state company fuelled

Friday, 27 Nov, 2009
Conversion rates
 
KARACHI: The following are December 1, State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer

Friday, 27 Nov, 2009
Karachi Port operations
By Our Staff Reporter
KARACHI, Nov 26: Five ships carrying containers, chemicals and crude oil are due to arrive at the outer anchorage on Friday, according to KPT sources.

Friday, 27 Nov, 2009
 Company news
 
KARACHI, Nov 26: Al Baraka Islamic Bank launched its new unified corporate identity at a press conference held at a Lahore hotel recently.

Friday, 27 Nov, 2009
Cotton prices touch season’s new peak
By Our Staff Reporter
KARACHI, Nov 26: Cotton market finished the pre-Eid holiday session on a bullish note as lint prices soared to a new seasonal high of Rs4,300 per maund and

Friday, 27 Nov, 2009
Govt to monitor yarn export
By Parvaiz Ishfaq Rana
KARACHI, Nov 25: The government has decided to regulate export of cotton yarn to safeguard the interests of the value-added textile sector which is the highest

Thursday, 26 Nov, 2009
MFBs allowed to borrow from abroad
By Shahid Iqbal
KARACHI, Nov 25: In a major move, the State Bank has allowed micro-finance banks and institutions to raise loans from abroad through international financial

Thursday, 26 Nov, 2009
Power purchase price for 8 Discos raised
By Kalbe Ali
ISLAMABAD, Nov 25: National Electric Power Regulatory Authority (Nepra) has accepted the petition of eight electricity distribution companies to increase the

Thursday, 26 Nov, 2009
Alarm over asset bubbles returns with recovery
 
PARIS, Nov 25: Asset bubbles are coming back, riding the waves of easy money that are now pulling the world economy from recession into unsteady recovery.

Thursday, 26 Nov, 2009
Parco MD seeks extension
By Our Staff Reporter
ISLAMABAD, Nov 25: Pak-Arab Refinery Limited managing director Mohammad Rasheed Jung has sought another extension in his tenure, and has has forwarded a

Thursday, 26 Nov, 2009
SBP chief lauds Islamic banks performance
By Our Staff Reporter
KARACHI, Nov 25: State Bank of Pakistan Governor Salim Raza has said that the performance of Islamic banks has been impressive compared to their conventional

Thursday, 26 Nov, 2009
4m tons of rice export target fixed
By Our Staff Reporter
KARACHI, Nov 25: The Trade Development Authority of Pakistan (TDAP) has fixed export target of four million tons of rice during the upcoming new paddy season.

Thursday, 26 Nov, 2009
Bank holidays
 
KARACHI, Nov 25: The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed from Nov

Thursday, 26 Nov, 2009
Stocks lose another 29 points in cautious trading
By Our Staff Reporter
KARACHI, Nov 25: The share market on Wednesday gave a guarded reaction to the 50 basis point cut in the discount rate to 12.5 per cent as investors played safe

Thursday, 26 Nov, 2009
Gold soars to new peak of Rs32,572
By Aamir Shafaat Khan
KARACHI, Nov 25: The 10-gram gold price on the local bullion market touched record Rs32,572 on Wednesday in the backdrop of persistent increase in international

Thursday, 26 Nov, 2009
State Bank facilitates rice exporters
By Our Staff Reporter
KARACHI, Nov 25: The State Bank has increased financing facility for rice exporters aiming to boost rice exports which fetched $1.99 billion as export proceeds

Thursday, 26 Nov, 2009
Karachi Port operations
By Our Staff Reporter
KARACHI, Nov 25: Seven ships carrying chemicals and containers are expected to arrive at the outer anchorage on Thursday, according to KPT sources.

Thursday, 26 Nov, 2009
Port Qasim
 
KARACHI, Nov 25: Brisk shipping was observed at the port where five ships carrying containers, palm oil, iron ore and LPG were accommodated on berths at QICT,

Thursday, 26 Nov, 2009
Cotton prices rise on higher world rates
By Our Staff Reporter
KARACHI, Nov 25: Cotton prices on Wednesday again resumed their upward drive as ginners raised their asking prices aided partly by higher international prices

Thursday, 26 Nov, 2009
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