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| November 04, 2007 | Sunday | Shawwal 22, 1428 |
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Trade leaders call for political stability
KARACHI, Nov 3: The business community of the country hope that the power-wielders of the country are cognizant of the sensitivity of the situation and would do all in their command... 
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Saudi Pak Bank deal reset at Rs27 per share
KARACHI, Nov 3: The deal to sell Saudi Pak Commercial Bank has been renegotiated at a substantially lower price as the buyers found overvaluation of assets and under stated the volume of non performing loans (NPLs), said banking sources on Saturday....
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Business, industry offer divergent reaction : Imposition of emergency
KARACHI, Nov 3: The proclamation of emergency by President General Pervez Musharraf on Saturday received mixed reaction from trade and industry. However it was unanimously termed a short-sighted approach towards resolving real and deep-rooted crisis confronting the country....
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Fresh price tsunami to hit consumers
KARACHI, Nov 3: Emergency or no emergency, a fresh tsunami of price bout of essential kitchen items is brewing up in the market which may hit consumers any time next week....
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LPG base price raised by 14pc
ISLAMABAD, Nov 3: The Oil and Gas Regulatory Authority (Ogra) on Saturday increased the base price of liquefied petroleum gas (LPG) by $83 per ton (14 per cent) with immediate effect....
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Buying-selling activities remained normal
KARACHI, Nov 3: The declaration of state of emergency on Satruday, which generally shocked the people, did not affect shopping in trade plazas and commercial markets where buying and selling activities continued at a normal pace....
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Water shortage may cut Sindh’s wheat output
KARACHI, Nov 3: Sindh fears loss of 600,000 tons in wheat production for 2007-08 after Indus River System Authority (IRSA) forecast 22 per cent water shortage for Rabi season, sources at the ministry of agriculture revealed.The...
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Local gold hits fresh record high
KARACHI, Nov 3: Local gold prices on Saturday touched fresh all-time peak of Rs15,640 per 10 grams, from pervious high of Rs15,320 on Friday after international bullion prices hit the $800-level....
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Investment under CFS falls sharply
KARACHI, Nov 3: The CFS investment on the Karachi Stock Exchange last week suffered a sharp fall of about eight per cent as demand for funds remained subdued owing to an uncertain political outlook....
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Spending restrictions
BERLIN, Nov 3: Germany’s Finance Minister Peer Steinbruck warned against going back on tough spending restrictions, which have helped re-launch the economy, ahead of a crunch meeting of the ruling coalition on Sunday....
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WB asks Bangladesh to raise oil prices
DHAKA, Nov 3: The World Bank has asked Bangladesh to raise domestic oil prices in order to reduce pressure on the national budget, a financial adviser of the interim government said on Saturday....
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Palestinian central bank chief resigns
RAMALLAH, Nov 3: The head of the Palestine Authority’s central bank resigned on Saturday, the office of Palestinian President Mahmud Abbas announced....
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CFA charter awards
KARACHI, Nov 3: The CFA Association of Pakistan (CFAAP) organised the annual CFA Charter Awards ceremony to honour successful CFA candidates based in Pakistan....
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Cotton maintains bullish tone
KARACHI, Nov 3: Cotton market on Saturday closed the weekend session on a bullish note as ginners were not inclined to lower their asking prices which were based on higher phutti rates....
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Karachi Port operations
KARACHI, Nov 3: Seven ships carrying containers and general cargo are due to arrive the outer anchorage on Sunday, according to KPT sources....
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Port Qasim
KARACHI, Nov 3: Four ships carrying containers, edible oil and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Saturday....
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Company news
TOKYO, Nov 3: Japan Airlines is expected to post a five-fold increase in operating profit for the fiscal half-year due to cost cuts and strong demand for its international flights, the Nikkei daily said on Saturday....
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US job growth
WASHINGTON, Nov 3: US employment growth accelerated in October as 166,000 new jobs were created, the government said Friday in a report that suggested the economy is weathering housing and credit woes....
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Oil price surges above $96
LONDON, Nov 3: Crude oil prices broke fresh record highs this week, surging above $96 a barrel for the first time, on worries about tight global energy supplies....
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IMF chief warns India about limiting capital flow
WASHINGTON, Nov 3: International Monetary Fund chief Dominique Strauss-Kahn on Friday cautioned India that curbing capital inflows too much could undermine confidence in the country, Asia’s booming, third-largest economy....
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China c.banker tightening, freer yuan
BEIJING, Nov 3: China will redouble its efforts to soak up liquidity in the banking system via open-market operations and higher deposit reserve requirements, a vice central bank governor said on Saturday....
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Dollar dives
NEW YORK, Nov 3: The dollar dived to a fresh record low against the euro on Friday as foreign exchange speculators appeared to shrug off an upbeat economic report which revealed a surprisingly strong surge in US job creation....
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