AIRLINK 173.68 Decreased By ▼ -2.21 (-1.26%)
BOP 10.82 Decreased By ▼ -0.16 (-1.46%)
CNERGY 8.26 Increased By ▲ 0.26 (3.25%)
FCCL 46.41 Increased By ▲ 0.29 (0.63%)
FFL 16.14 Increased By ▲ 0.07 (0.44%)
FLYNG 27.80 Increased By ▲ 0.38 (1.39%)
HUBC 146.32 Increased By ▲ 2.36 (1.64%)
HUMNL 13.40 Increased By ▲ 0.05 (0.37%)
KEL 4.39 Decreased By ▼ -0.11 (-2.44%)
KOSM 5.93 Decreased By ▼ -0.05 (-0.84%)
MLCF 59.66 Increased By ▲ 0.16 (0.27%)
OGDC 232.73 Decreased By ▼ -0.02 (-0.01%)
PACE 5.80 Decreased By ▼ -0.08 (-1.36%)
PAEL 47.98 Increased By ▲ 0.50 (1.05%)
PIAHCLA 17.75 Decreased By ▼ -0.22 (-1.22%)
PIBTL 10.40 Decreased By ▼ -0.18 (-1.7%)
POWER 11.32 Decreased By ▼ -0.06 (-0.53%)
PPL 191.48 Decreased By ▼ -1.82 (-0.94%)
PRL 36.83 Decreased By ▼ -0.17 (-0.46%)
PTC 23.20 Decreased By ▼ -0.57 (-2.4%)
SEARL 98.76 Decreased By ▼ -1.11 (-1.11%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 36.62 Decreased By ▼ -0.57 (-1.53%)
SYM 14.70 Decreased By ▼ -0.25 (-1.67%)
TELE 7.73 Decreased By ▼ -0.02 (-0.26%)
TPLP 10.75 Decreased By ▼ -0.12 (-1.1%)
TRG 66.01 Increased By ▲ 0.87 (1.34%)
WAVESAPP 10.82 Decreased By ▼ -0.09 (-0.82%)
WTL 1.32 Decreased By ▼ -0.02 (-1.49%)
YOUW 3.79 Decreased By ▼ -0.02 (-0.52%)
BR100 12,644 Increased By 35.1 (0.28%)
BR30 39,387 Increased By 124.3 (0.32%)
KSE100 117,807 Increased By 34.4 (0.03%)
KSE30 36,347 Increased By 50.4 (0.14%)
Print - 2008-05-18
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (May 17, 2008) and for Sunday (May 18, 2008).
Published 18 May, 2008 12:00am
After gain, US bonds fall as stocks end higher

After gain, US bonds fall as stocks end higher

US Treasury debt prices ended lower on Friday after erasing an early gain scored on news that consumers' mood soured in the first half of May. Since consumer spending accounts for about two-thirds of US economic activity, and consumers' perceptions about
Published 18 May, 2008 12:00am
Brazil stocks jump

Brazil stocks jump

Brazil stocks surged to a record on Friday as mining company Vale, local steelmakers and state-controlled Petrobras took a boost from a commodity rally, while the national currency gained to its strongest level since January 1999. The Bovespa index of the
Published 18 May, 2008 12:00am
US corporate bonds up

US corporate bonds up

US corporate bonds firmed on Friday, encouraged by resilient stocks, while companies including investment bank J.P. Morgan Chase and homebuilder Hovnanian Enterprises Inc raised new cash. US stocks cut losses on Friday and the S&P 500 briefly turned highe
Published 18 May, 2008 12:00am
US corporate bonds up

US corporate bonds up

US corporate bonds firmed on Friday, encouraged by resilient stocks, while companies including investment bank J.P. Morgan Chase and homebuilder Hovnanian Enterprises Inc raised new cash. US stocks cut losses on Friday and the S&P 500 briefly turned highe
Published 18 May, 2008 12:00am
American credit market outlook

American credit market outlook

Credit default swaps on Entergy Corp may widen significantly if the energy company completes plans to spin off some of its assets into a new company. Entergy said late last year it plans to transfer six nuclear power plants into a new publicly traded comp
Published 18 May, 2008 12:00am
American credit market outlook

American credit market outlook

Credit default swaps on Entergy Corp may widen significantly if the energy company completes plans to spin off some of its assets into a new company. Entergy said late last year it plans to transfer six nuclear power plants into a new publicly traded comp
Published 18 May, 2008 12:00am
US halts new shipments to strategic oil reserve

US halts new shipments to strategic oil reserve

The United States is halting shipments to its strategic oil reserve for the second half of the year after Congress passed a bill calling for the suspension, the Energy Department said Friday.
Published 18 May, 2008 12:00am
Indonesia limits fuel purchases

Indonesia limits fuel purchases

Indonesia's oil and gas company Pertamina has set limits on subsidised fuel purchases ahead of the government's plans to hike fuel prices, reports said Saturday. In an announcement sent to petrol stations around the capital and several other cities, Perta
Published 18 May, 2008 12:00am
Biofuels, trade dominate EU-Latin American summit

Biofuels, trade dominate EU-Latin American summit

European and Latin American leaders called for action to tackle surging food prices and global warming at a summit in Peru on Friday, despite differences over biofuels and free trade.
Published 18 May, 2008 12:00am
New York subway cars find new life on ocean floor

New York subway cars find new life on ocean floor

After four decades carrying millions of New Yorkers, 44 of the city's subway cars are now home to millions of fish.The worn-out cars were dumped on Friday into the Atlantic Ocean, 21 miles off the Maryland coast, to create an artificial reef, designed to
Published 18 May, 2008 12:00am
Vietnam scraps dong deposit rate cap

Vietnam scraps dong deposit rate cap

Vietnam's central bank said on Saturday it has abolished the 12-percent ceiling rate on dong deposits and allowed banks to set their own rates from next week to help increase liquidity.
Published 18 May, 2008 12:00am
US investment banks need insolvency mechanism

US investment banks need insolvency mechanism

If another troubled US investment bank spirals toward insolvency, the federal government should have in place a mechanism to shut it down, the head of the Federal Deposit Insurance Corp said on Friday.
Published 18 May, 2008 12:00am
Microsoft braces for major customer shift

Microsoft braces for major customer shift

Microsoft Corp sees tens of millions of corporate e-mail accounts moving to its data centers over the next five years, shifting to a business model that may thin profit margins but generate more revenue.
Published 18 May, 2008 12:00am
Oil price may dampen market progress: IMF

Oil price may dampen market progress: IMF

Rising global oil prices could significantly dampen progress that has been made so far in calming financial markets, the International Monetary Fund's chief economist said on Friday.
Published 18 May, 2008 12:00am
'Markets balanced, no need for emergency Opec meet'

'Markets balanced, no need for emergency Opec meet'

Oil markets are balanced and there is no need for an emergency Opec meeting before September despite record oil prices, Qatari Oil Minister Abdullah bin Hamad al-Attiyah said on Saturday. "The oil market is balanced... There is no threat to or crisis in s
Published 18 May, 2008 12:00am
'Recession-proof' Las Vegas hit by US economic downturn

'Recession-proof' Las Vegas hit by US economic downturn

For almost any other tourist hotspot, greeting nearly 10 million visitors and earning 2.9 billion dollars from convention business in three months would be a cause for cheer. But for Las Vegas, those figures reflect the cold truth that, in a break from it
Published 18 May, 2008 12:00am
German firms suffer lack of good apprentices

German firms suffer lack of good apprentices

German firms are finding it increasingly tough to find apprentices and trainees that meet the standards they are looking for, a newspaper reported a survey by the DIHK chambers of industry and commerce as showing.
Published 18 May, 2008 12:00am
Morgan Stanley to cut 1,500 jobs

Morgan Stanley to cut 1,500 jobs

Morgan Stanley cut 1,500 jobs this week across its investment banking, trading and asset management businesses, a person familiar with the situation said Friday, a 5 percent reduction of non-broker employees. Most of the cuts hit employees in the United S
Published 18 May, 2008 12:00am
Record-breaking oil prices race higher

Record-breaking oil prices race higher

Oil prices scaled fresh record heights last week, climbing past 127 dollars per barrel as the market was energised by tight supplies and a weak US currency, traders said.
Published 18 May, 2008 12:00am
Rising trend on Australian wool market

Rising trend on Australian wool market

In a better week, the Australian wool market finished 0.3 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI rose by 6 Australian cents (0.7 percent), ending the week at 890 Aust cent a kg.
Published 18 May, 2008 12:00am
Argentine wheat sowing gathers pace

Argentine wheat sowing gathers pace

Wheat sowing picked up speed in Argentina this week, with planting beginning in the principal farming belt, the Agriculture Secretariat said on Friday in a weekly crop report. Argentina is the world's No 4 wheat exporter and last season it produced 15.4 m
Published 18 May, 2008 12:00am
India's rice export curbs may hit winter harvest

India's rice export curbs may hit winter harvest

India's winter harvest of rice could shrink 5 percent this year if some farmers switch to oilseeds on worries that export curbs could lead to lower prices, a leading trader said on Friday.
Published 18 May, 2008 12:00am
New York cocoa settles stronger

New York cocoa settles stronger

US cocoa futures settled nearly 2 percent higher Friday, slowly consolidating from their sharp sell-off earlier this week with support stemming from the strong pound and spillover strength from other commodities, traders said.
Published 18 May, 2008 12:00am
Indonesian palm oil exports seen up

Indonesian palm oil exports seen up

Indonesian palm oil sales may reach pick up again in May after slowing in April, supported by a cut in the palm oil export tax and strong demand from major buyers India and Europe, traders said on Friday. Palm oil exports from Indonesia are seen at around
Published 18 May, 2008 12:00am
New York sugar settles firm

New York sugar settles firm

Raw sugar futures closed higher on Friday on investor short-covering and commercial buying as crude oil surged to another record high, and the sweetener is expected to push higher next week, brokers said. The key July sugar contract rose 0.13 cent to end
Published 18 May, 2008 12:00am
Indian gold sales weak over festival

Indian gold sales weak over festival

Sluggish gold sales during India's Akshaya Tritiya festival, normally seen as an auspicious time to buy the metal, provide the latest evidence of high prices hurting demand from the world's top consumer. The price level of 12,000 rupees per 10 grams (abou
Published 18 May, 2008 12:00am
New York coffee gains

New York coffee gains

Arabica coffee trading at ICE Futures US ended firm on Friday in sleepy, rangebound trade strengthened by the weaker dollar and investor buying while some participants focused on position rolling, dealers said.
Published 18 May, 2008 12:00am
US gold higher, near $900 ounce

US gold higher, near $900 ounce

US gold futures ended 2.3 percent higher at just below $900 an ounce on Friday on the back of a dollar slump and solid crude oil gains amid a broad commodities rally.
Published 18 May, 2008 12:00am
US soya futures hit two-month top

US soya futures hit two-month top

US soybean futures on the Chicago Board of Trade hit a two-month top on Friday, boosted by a farmer strike in Argentina that will continue into next week and further stall shipments from one of the world's top soy exporters, traders said. Signs of fresh e
Published 18 May, 2008 12:00am
US rice mostly higher

US rice mostly higher

Rough rice futures on the Chicago Board of Trade closed mostly higher Friday on a bounce from this week's sell-off spurred by easing world supply worries, traders said.
Published 18 May, 2008 12:00am
New York copper up

New York copper up

US copper futures closed up more than 2 percent Friday, hitting nine-day highs, after sharp gains in metals and almost all commodities on the back of a weaker dollar. July copper delivery settles up 8.8 cents at $3.8265 a lb on the COMEX metals division o
Published 18 May, 2008 12:00am
Rates move both ways on grain market

Rates move both ways on grain market

Prices moved both ways on the grain market on Saturday in process of modest trading, dealers said. On the cereals side, wheat Mexipak old and new shed Rs 100 to Rs 1800-1815, other items managed to hold the overnight levels, they said.
Published 18 May, 2008 12:00am
Chemicals up on Jodia Bazaar

Chemicals up on Jodia Bazaar

The trading on chemicals ended up on Jodia Bazaar here on Saturday. The following variations were noted.
Published 18 May, 2008 12:00am
Prices rise further on cotton market

Prices rise further on cotton market

Business on the cotton market ended the week on a bullish sentiment as the official spot rate was raised by the KCA for the second time, dealers said. Just after a one-day gap, the KCA official spot rate was raised by further Rs 25 to Rs 3475, dealers sai
Published 18 May, 2008 12:00am
Oil cake market rates

Oil cake market rates

A few changes were seen on the forward cottonseed oilcake market on Saturday as rising trend in the prices kept the buyers away from the market, dealers said. The May vaida commenced inert at Rs 781.00 and closing was seen at the same level, without showi
Published 18 May, 2008 12:00am
CIF Gulf Grain: demand firms soya, corn mostly steady

CIF Gulf Grain: demand firms soya, corn mostly steady

US Gulf CIF soyabean basis values were firm on Friday, supported by export sales and expectations for demand, while corn was steady, traders said. USDA reported the sale of 253,000 tonnes of US soyabeans to China for delivery in the 2008/09 season startin
Published 18 May, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 135,123 tonnes cargo including 84,607 tonnes import, 50,516 tonnes export cargo and 2,856 containers (TEUs) during last 24 hours ended at 0700 hours on Saturday. The cargoes comprised of 84,588 tonnes dry cargo including 58,406 to
Published 18 May, 2008 12:00am
Lack of demand weakens corn and soya steady

Lack of demand weakens corn and soya steady

US FOB Gulf corn basis offers were lower on Friday amid a lack of export demand due to high ocean freight, while soyabeans were steady, traders said. Basis values for corn fell 2 cents a bushel and by 7 to 8 cents in the CIF barge market for May and June
Published 18 May, 2008 12:00am
US wheat futures end higher

US wheat futures end higher

US wheat futures closed higher in Chicago and Kansas City on Friday on light short covering after a seesaw session, traders said. Wheat futures were seen as oversold and due for a bounce following a two-month slide, but the approaching harvest of a record
Published 18 May, 2008 12:00am
US corn ends lower

US corn ends lower

US corn futures on the Chicago Board of Trade closed lower on Friday, retreating from early advances on weak cash markets and prospects for planting progress, traders said. CBOT July corn closed 8 cents lower at $5.91 per bushel, with new-crop December do
Published 18 May, 2008 12:00am
Brazil coffee zones still dry but warm

Brazil coffee zones still dry but warm

Brazil's coffee zones have gone a second week with little or no rain, but temperatures are still well above freezing as winter approaches, private weather service Somar said on Friday. No rain was recorded in the last three days in the main coffee-produci
Published 18 May, 2008 12:00am
US crop prices soaring to historic levels

US crop prices soaring to historic levels

With US crop prices soaring to historic levels, times are seemingly good for grain farmers and agribusiness firms. So why are lenders worried about the US farm economy?
Published 18 May, 2008 12:00am
European cash coffee market sees bargain hunting

European cash coffee market sees bargain hunting

Europe's physical coffee market saw active purchasing of a range of origins this week as roasters sought to benefit from dips in New York prices, but business in the key exporters Brazil and Vietnam remained slack, traders said on Friday.
Published 18 May, 2008 12:00am
Nespresso to hit hefty sales target this year

Nespresso to hit hefty sales target this year

Nespresso, the premium coffee-capsule division of food group Nestle, expects to reach two billion Swiss francs (US $1.9 billion) in sales in 2008, two years earlier than planned, an executive of the company told Reuters.
Published 18 May, 2008 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 18 May, 2008 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 18 May, 2008 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (May 17, 2008).
Published 18 May, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (May 17, 2008).

Published 18 May, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 19, 2008.

Published 18 May, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 19, 2008.

Published 18 May, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 19, 2008.

Published 18 May, 2008 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (May 17, 2008).

Published 18 May, 2008 12:00am
FBR suspends enforcement of customs agents licensing rules

FBR suspends enforcement of customs agents licensing rules

The Federal Board of Revenue has suspended implementation of the new customs agents licensing rules to facilitate import and export clearances under the old procedure. In this connection, the FBR on Saturday issued a clarification to All Pakistan Customs
Published 18 May, 2008 12:00am
IMF team briefed on 2008-09 budget strategy

IMF team briefed on 2008-09 budget strategy

The economic team of the government on Saturday briefed the visiting International Monetary Fund (IMF) mission on the 2008-09 budget strategy being followed by it to overcome fiscal difficulties in short span of time available.
Published 18 May, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 17, 2008).

Published 18 May, 2008 12:00am
IMF team briefed on 2008-09 budget strategy

IMF team briefed on 2008-09 budget strategy

The economic team of the government on Saturday briefed the visiting International Monetary Fund (IMF) mission on the 2008-09 budget strategy being followed by it to overcome fiscal difficulties in short span of time available.
Published 18 May, 2008 12:00am
The Weather

The Weather

The weather report on Saturday (May 17, 2008) and the forecast for Sunday (May 18, 2008).
Published 18 May, 2008 12:00am
IMF team briefed on 2008-09 budget strategy

IMF team briefed on 2008-09 budget strategy

The economic team of the government on Saturday briefed the visiting International Monetary Fund (IMF) mission on the 2008-09 budget strategy being followed by it to overcome fiscal difficulties in short span of time available.
Published 18 May, 2008 12:00am
Saudi oil boost doesn't solve US problem: Bush

Saudi oil boost doesn't solve US problem: Bush

President Bush said Saturday that the Saudis' modest increase in oil production is "something but it doesn't solve our problem" of soaring gas prices. Taking note of the kingdom's recent decision to raise production by 300,000 barrels a day, the president
Published 18 May, 2008 12:00am
Saudi oil boost doesn't solve US problem: Bush

Saudi oil boost doesn't solve US problem: Bush

President Bush said Saturday that the Saudis' modest increase in oil production is "something but it doesn't solve our problem" of soaring gas prices. Taking note of the kingdom's recent decision to raise production by 300,000 barrels a day, the president
Published 18 May, 2008 12:00am
Saudi oil boost doesn''t solve US problem: Bush

Saudi oil boost doesn''t solve US problem: Bush

President Bush said Saturday that the Saudis'' modest increase in oil production is "something but it doesn''t solve our problem" of soaring gas prices. Taking note of the kingdom''s recent decision to raise production by 300,000 barrels a day, the presid
Published 18 May, 2008 12:00am
Malaysians evince keen interest in coal-fired power projects

Malaysians evince keen interest in coal-fired power projects

A Malaysian investors delegation headed by Prince Raja Ashman Shah Bin Raja Azlan Shah called on Federal Finance Minister Naveed Qamar here on Saturday. It comprised chief executives of companies that are developing major infrastructure projects in Malays
Published 18 May, 2008 12:00am
Malaysians evince keen interest in coal-fired power projects

Malaysians evince keen interest in coal-fired power projects

A Malaysian investors delegation headed by Prince Raja Ashman Shah Bin Raja Azlan Shah called on Federal Finance Minister Naveed Qamar here on Saturday. It comprised chief executives of companies that are developing major infrastructure projects in Malays
Published 18 May, 2008 12:00am
Malaysians evince keen interest in coal-fired power projects

Malaysians evince keen interest in coal-fired power projects

A Malaysian investors delegation headed by Prince Raja Ashman Shah Bin Raja Azlan Shah called on Federal Finance Minister Naveed Qamar here on Saturday. It comprised chief executives of companies that are developing major infrastructure projects in Malays
Published 18 May, 2008 12:00am
FBR suspends enforcement of customs agents licensing rules

FBR suspends enforcement of customs agents licensing rules

The Federal Board of Revenue has suspended implementation of the new customs agents licensing rules to facilitate import and export clearances under the old procedure. In this connection, the FBR on Saturday issued a clarification to All Pakistan Customs
Published 18 May, 2008 12:00am
Colombia economy shows signs of slower growth

Colombia economy shows signs of slower growth

Colombia's economy showed signs of slower growth in the first quarter with key industrial production and retail sales figures expanding much less than a year ago. Industrial production rose 1.35 percent compared with 15.26 percent in the 2007 first quarte
Published 18 May, 2008 12:00am
Poorest of poor to get relief in next budget: Prime Minister

Poorest of poor to get relief in next budget: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that poorest of the poor would get relief in the forthcoming budget. He was talking to newsmen at Chaklala Airbase before his departure for Egypt to attend the World Economic Forum on Middle East on Saturday
Published 18 May, 2008 12:00am
LPG price further increased

LPG price further increased

Liquefied petroleum gas (LPG) marketing companies have once again increased the price of LPG by rupee one to Rs 51 per kilogram in Karachi and Rs 52 in Punjab. LPG Distributors Association Chairman Abdul Hadi Khan said on Saturday the retail price of 11.8
Published 18 May, 2008 12:00am
LPG price further increased

LPG price further increased

Liquefied petroleum gas (LPG) marketing companies have once again increased the price of LPG by rupee one to Rs 51 per kilogram in Karachi and Rs 52 in Punjab. LPG Distributors Association Chairman Abdul Hadi Khan said on Saturday the retail price of 11.8
Published 18 May, 2008 12:00am
LPG price further increased

LPG price further increased

Liquefied petroleum gas (LPG) marketing companies have once again increased the price of LPG by rupee one to Rs 51 per kilogram in Karachi and Rs 52 in Punjab. LPG Distributors Association Chairman Abdul Hadi Khan said on Saturday the retail price of 11.8
Published 18 May, 2008 12:00am
Fed's Lockhart says world will feel US slowdown

Fed's Lockhart says world will feel US slowdown

US exports have been helped by a weaker dollar and this is providing a boost to an otherwise weak economy, Federal Reserve Bank of Atlanta President Dennis Lockhart said on Saturday.
Published 18 May, 2008 12:00am
China offers little to Taiwan firms as labour costs rise

China offers little to Taiwan firms as labour costs rise

Taiwan businesses struggling with more expensive labour in China should move up the value-added chain, Chinese officials said on Saturday, though they offered little relief to help the companies cut costs.
Published 18 May, 2008 12:00am
Pakistan yet to reap IT benefits: Gilani

Pakistan yet to reap IT benefits: Gilani

Prime Minister Yousuf Raza Gilani on Saturday said Pakistan is yet to reap the benefits of Information Technology that has played an important role in the socio-economic development of the world.
Published 18 May, 2008 12:00am
FBR suspends enforcement of customs agents licensing rules

FBR suspends enforcement of customs agents licensing rules

The Federal Board of Revenue has suspended implementation of the new customs agents licensing rules to facilitate import and export clearances under the old procedure. In this connection, the FBR on Saturday issued a clarification to All Pakistan Customs
Published 18 May, 2008 12:00am
Pakistan yet to reap IT benefits: Gilani

Pakistan yet to reap IT benefits: Gilani

Prime Minister Yousuf Raza Gilani on Saturday said Pakistan is yet to reap the benefits of Information Technology that has played an important role in the socio-economic development of the world.
Published 18 May, 2008 12:00am
Pakistan yet to reap IT benefits: Gilani

Pakistan yet to reap IT benefits: Gilani

Prime Minister Yousuf Raza Gilani on Saturday said Pakistan is yet to reap the benefits of Information Technology that has played an important role in the socio-economic development of the world.
Published 18 May, 2008 12:00am
Biofuels must not deprive poor of food: EU

Biofuels must not deprive poor of food: EU

Biofuels must not deprive the world's poor of food, a senior European official said, as he proposed a greater focus on second-generation biofuels that would be more environmentally friendly.
Published 18 May, 2008 12:00am
EBRD says loans to Turkey must not dilute mission

EBRD says loans to Turkey must not dilute mission

The EBRD said on Saturday its mission to grow market economies in former Soviet states must not be diluted by a flood of new entrants if the development bank's members agree to widen lending to include Turkey.
Published 18 May, 2008 12:00am