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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-10-05
German bank announces collapse of $48 billion rescue

German bank announces collapse of $48 billion rescue

German bank Hypo Real Estate (HRE) announced Saturday that a planned 35 billion euro (48 billion dollar) rescue had collapsed after the banking consortium involved pulled out of the deal. The rescue bid was the biggest in German history and came after HRE
Published 05 Oct, 2008 12:00am
Tata plant move may affect India investments, growth

Tata plant move may affect India investments, growth

The decision by India's Tata Motors Ltd to move a factory out of West Bengal state after violent protests may affect the broader investment climate in the country, deterring foreign investors and denting economic growth.
Published 05 Oct, 2008 12:00am
SocGen solid, ready to look at acquisitions

SocGen solid, ready to look at acquisitions

French bank Societe Generale hit by a massive rogue trading scandal this year, is solid and is ready to look at acquisitions, chief executive Frederic Oudea told Le Parisien newspaper. "Societe Generale is the tenth (biggest) company on the CAC 40 and the
Published 05 Oct, 2008 12:00am
US bailout, plug-in credit a boost for automakers

US bailout, plug-in credit a boost for automakers

Automakers received another boost from Congress with passage on Friday of the $700 billion financial rescue bill that the industry hopes will revive car loans and help create a mass market for electric vehicles. The legislation signed into law by Presiden
Published 05 Oct, 2008 12:00am
Germany steps up opposition to EU bank rescue fund

Germany steps up opposition to EU bank rescue fund

Germany stepped up its opposition to any emergency European rescue fund for troubled banks ahead of a summit on the global financial crisis in Paris on Saturday. German Economy Minister Michael Glos, a member of Chancellor Angela Merkel's conservatives, t
Published 05 Oct, 2008 12:00am
Brown wants Europe to free up money for small firms

Brown wants Europe to free up money for small firms

Britain wants Europe to free up money immediately to help smaller businesses cope with the credit crunch, British Prime Minister Gordon Brown said on Saturday, ahead of European talks on the financial crisis. The European Investment Bank has created a fun
Published 05 Oct, 2008 12:00am
Crescent, Dana start gas supply in Kurdistan region

Crescent, Dana start gas supply in Kurdistan region

The UAE's Crescent Petroleum and affiliate Dana Gas have begun supplying gas in Iraq's Kurdistan region after completing the first stage of a $650 million project, the companies said in a statement on Saturday. Gas was flowing at 75 million cubic feet per
Published 05 Oct, 2008 12:00am
Allianz, others consider buying AIG's Japan units: reports

Allianz, others consider buying AIG's Japan units: reports

Germany's Allianz Group and other major insurers are considering buying American International Group's three life insurance units in Japan, news reports said Saturday. On Friday, the embattled insurance giant announced plans to sell off "non-core" assets,
Published 05 Oct, 2008 12:00am
Emaar to develop $7 billion Saudi project

Emaar to develop $7 billion Saudi project

Dubai's Emaar Properties and Saudi Arabia's al-Shoala Group said they were setting up a joint venture to develop a 27 billion riyal ($7.2 billion) luxury township near the Saudi capital. The 3,100 hectare (7,660 acre) Rawabi Rumah project will include vil
Published 05 Oct, 2008 12:00am
UBS sees deeper, longer US recession on credit woe

UBS sees deeper, longer US recession on credit woe

UBS sees a deeper and longer US recession than it had earlier predicted, due to further deterioration in the credit market and its drag on housing spending and the broader economy. A more severe downturn will likely lead the Federal Reserve to trim intere
Published 05 Oct, 2008 12:00am
Commodity prices tumble as world waits on US bailout

Commodity prices tumble as world waits on US bailout

Commodity prices slumped across the board last week as markets were roiled by growing anxiety over whether an emergency US bailout of ailing banks will get through Congress. Traders on Friday awaited a crucial vote by the US House of Representatives on a
Published 05 Oct, 2008 12:00am
Argentina approves more 2007-08 wheat exports

Argentina approves more 2007-08 wheat exports

Argentina's government said on Friday it had approved about 1.46 million tonnes more in exports of 2007/08 wheat after checking stocks. It said exporters had not used permits for some 300,000 tonnes of wheat approved for export in August, bringing the cur
Published 05 Oct, 2008 12:00am
New York sugar softer

New York sugar softer

Raw sugar futures finished easier on Friday on investment fund sales as the trade digested approval of a $700 billion rescue plan for toxic debt in the US Congress, brokers said. The March sugar contract fell 0.47 cent to close at 12.61 cents per lb, movi
Published 05 Oct, 2008 12:00am
New York cocoa rebounds off six-month low

New York cocoa rebounds off six-month low

Cocoa futures on ICE closed higher on Friday, rebounding from a six-month low in thin trade as the pound reversed earlier losses and rose against the dollar, dealers said. Benchmark December cocoa contract settled up $18 at $2,469 per tonne, moving from $
Published 05 Oct, 2008 12:00am
New York coffee ends at 10-1/2-month low

New York coffee ends at 10-1/2-month low

Arabica coffee futures finished at a 10-1/2-month low on Friday, extending losses after the US House of Representatives passed the financial bailout bill during a choppy session marked by fund sales, traders said. ICE Futures US December arabica contract
Published 05 Oct, 2008 12:00am
US soybeans hit fresh 11-month low

US soybeans hit fresh 11-month low

US soybean futures on the Chicago Board of Trade fell on Friday, with the spot contract setting a fresh 11-month low as a late flurry of fund selling reversed an early rally, traders said. Funds liquidated long positions this week amid concerns that a glo
Published 05 Oct, 2008 12:00am
Asian physical rubber prices

Asian physical rubber prices

Asian physical rubber prices dropped another notch on Friday as rekindled worries about demand for the industrial commodity dragged Tokyo futures prices to the lowest level in over 13 months. Traders in the physical market said they saw evidence of slowin
Published 05 Oct, 2008 12:00am
US rice ends limit-up in rebound

US rice ends limit-up in rebound

US rough rice futures on the Chicago Board of Trade settled up the 50-cent daily limit on Friday on a technical bounce after the spot contract fell to a six-week low, traders said. November rice closed up 50 cents at $18.34-1/2 per hundredweight; back mon
Published 05 Oct, 2008 12:00am
US copper higher in run-up

US copper higher in run-up

US copper futures ended up for the first time in six sessions on Friday, buoyed by investor optimism in the run-up to a vote on the proposed $700 billion bailout plan. Copper for December delivery ended up 6.25 cents at $2.69 a lb on the New York Mercanti
Published 05 Oct, 2008 12:00am
US gold lower despite dollar drop

US gold lower despite dollar drop

US gold futures finished with moderate losses on Friday, holding support levels after the US House of Representatives passed a bill to help the US financial system, even though the dollar lost ground against the euro, traders said. They reasoned that most
Published 05 Oct, 2008 12:00am
Bearish sentiment on Australian wool market

Bearish sentiment on Australian wool market

The Australian wool market finished 0.2 percent lower, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI fell by 1 Aust cents (0.1 percent), ending the week at 858 Aust cents a kg.
Published 05 Oct, 2008 12:00am
Activity at Karachi and Qasim port

Activity at Karachi and Qasim port

The Karachi Port handled 351,449 tonnes of cargo including 252,766 tonnes of import, 98,683 tonnes of export cargo and 4,257 loaded and empty containers (TEUs) during last 96 hours ending at 0700 hours on Saturday.
Published 05 Oct, 2008 12:00am
KCBT wheat futures end mostly higher

KCBT wheat futures end mostly higher

Hard red winter wheat futures on the Kansas City Board of Trade ended mostly higher on Friday, though gains faded going into the close. The December ended up 1-3/4 cents at $6.70-1/2, after climbing as high as $6.86, and the March ended up 1-1/4 cents at
Published 05 Oct, 2008 12:00am
US wheat futures mostly higher

US wheat futures mostly higher

US wheat futures closed mostly higher on Friday, with values on the Chicago Board of Trade rebounding after Thursday's drop to a 14-month low in the spot month, traders said. Late fund selling pared gains. All CBOT grains backed off session highs, followi
Published 05 Oct, 2008 12:00am
US Midwest corn bids firm; soya mixed

US Midwest corn bids firm; soya mixed

Spot corn basis bids were firm on Friday as dealers tried to increase farmer selling as the harvest heads into the weekend, while soyabeans were mixed. Corn basis bids at river locations in Illinois and Iowa fell below $4 a bushel amid gains in barge frei
Published 05 Oct, 2008 12:00am
FOB Gulf corn, soya export premiums higher

FOB Gulf corn, soya export premiums higher

US FOB corn and soyabean export premiums rose this week in line with higher basis values in the interior barge market and following a steep drop in futures prices, traders said. CBOT corn in the spot contract hit a nine-month low and wheat hit a 14-month
Published 05 Oct, 2008 12:00am
Canadian canola futures narrowly lower

Canadian canola futures narrowly lower

Canadian canola futures ended narrowly lower on Friday as pressure from allied soy futures spilled over, but a lack of hedge selling and the weak Canadian dollar provided support, traders said. ICE canola futures settled 60 cents to $1 per tonne lower, wi
Published 05 Oct, 2008 12:00am
No change on grain market

No change on grain market

No change was seen on the grain market on Saturday market was closed due to Eid-ul-fitr holidays.
Published 05 Oct, 2008 12:00am
Thin business witnessed on cotton market

Thin business witnessed on cotton market

Insipid business was again witnessed on the cotton market on Saturday as many participants were busy in exchanging Eid greetings, dealers said. The official spot rate was unchanged at Rs 3900, they said. Phutti prices recovered lost ground in Sindh, gaini
Published 05 Oct, 2008 12:00am
Ivorian cocoa prices to be set today

Ivorian cocoa prices to be set today

The delayed 2008/09 cocoa season in Ivory Coast, the world's top grower, will open after prices are set a meeting on October 5, cocoa officials said on Saturday. The cocoa season normally begins each year on October 1, but this year's preparations were hi
Published 05 Oct, 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 05 Oct, 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 05 Oct, 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 (October 04, 2008).

Published 05 Oct, 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 (October 04, 2008).

Published 05 Oct, 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 (October 04, 2008).

Published 05 Oct, 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 (October 04, 2008).

Published 05 Oct, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (October 04, 2008).
Published 05 Oct, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (October 04, 2008).

Published 05 Oct, 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 (October 04, 2008).

Published 05 Oct, 2008 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (October 04, 2008).

Published 05 Oct, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 04, 2008).

Published 05 Oct, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 04, 2008).

Published 05 Oct, 2008 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 04, 2008).

Published 05 Oct, 2008 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (October 04, 2008).

Published 05 Oct, 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 October 06, 2008.

Published 05 Oct, 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 October 06, 2008.

Published 05 Oct, 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 October 06, 2008.

Published 05 Oct, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 04, 2008).

Published 05 Oct, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 04, 2008).

Published 05 Oct, 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 (October 04, 2008).

Published 05 Oct, 2008 12:00am
THE RUPEE: dollar goes up on interbank market

THE RUPEE: dollar goes up on interbank market

Downward trend continued on the interbank market at the weekend as the rupee lost 15 paisa against dollar for buying at 78.45 and it also shed 10 paisa for selling at 78.50, currency experts added. The rupee was not able to come out of the bottom side due
Published 05 Oct, 2008 12:00am
THE RUPEE: dollar goes up on interbank market

THE RUPEE: dollar goes up on interbank market

Downward trend continued on the interbank market at the weekend as the rupee lost 15 paisa against dollar for buying at 78.45 and it also shed 10 paisa for selling at 78.50, currency experts added. The rupee was not able to come out of the bottom side due
Published 05 Oct, 2008 12:00am
Pakistan seeks Chinese investment in cement sector

Pakistan seeks Chinese investment in cement sector

In a major move to encourage Chinese investment, Pakistan has approached the Chinese firms to encourage investment in the cement sector by establishing new plants in the country. Sources told Business Recorder on Saturday that the issue of new Chin
Published 05 Oct, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 04, 2008).

Published 05 Oct, 2008 12:00am
Pakistan seeks Chinese investment in cement sector

Pakistan seeks Chinese investment in cement sector

In a major move to encourage Chinese investment, Pakistan has approached the Chinese firms to encourage investment in the cement sector by establishing new plants in the country. Sources told Business Recorder on Saturday that the issue of new Chin
Published 05 Oct, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 04, 2008).

Published 05 Oct, 2008 12:00am
Pakistan seeks Chinese investment in cement sector

Pakistan seeks Chinese investment in cement sector

In a major move to encourage Chinese investment, Pakistan has approached the Chinese firms to encourage investment in the cement sector by establishing new plants in the country. Sources told Business Recorder on Saturday that the issue of new Chin
Published 05 Oct, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 04, 2008).

Published 05 Oct, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 04, 2008).

Published 05 Oct, 2008 12:00am
German bank announces collapse of $48 billion rescue

German bank announces collapse of $48 billion rescue

German bank Hypo Real Estate (HRE) announced Saturday that a planned 35 billion euro (48 billion dollar) rescue had collapsed after the banking consortium involved pulled out of the deal. The rescue bid was the biggest in German history and came after HRE
Published 05 Oct, 2008 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (October 04, 2008).

Published 05 Oct, 2008 12:00am
IMF urges coordinated EU approach to crisis

IMF urges coordinated EU approach to crisis

Europe must adopt a co-ordinated approach to the financial crisis, the head of the IMF said on Saturday and warned individual countries against acting purely in their own interests.
Published 05 Oct, 2008 12:00am
Two US Blackhawks crash in Baghdad

Two US Blackhawks crash in Baghdad

Two US Blackhawk helicopters crashed in northern Baghdad's district of Adhamiyah late on Saturday, a US military spokesman said. At least one Iraqi army soldier was killed and four people, including two US soldiers were wounded, spokesman Lieutenant Patri
Published 05 Oct, 2008 12:00am
Tandoor-owners to be provided Rs 28 billion subsidy

Tandoor-owners to be provided Rs 28 billion subsidy

The Punjab government has decided to provide Rs 28 billion subsidy for selling flour to Tandoor-owwners at Rs 250 per 20 kg bag The provincial government has increased price of wheat by Rs 40 per maund. According to sources, the government has started rel
Published 05 Oct, 2008 12:00am
Tandoor-owners to be provided Rs 28 billion subsidy

Tandoor-owners to be provided Rs 28 billion subsidy

The Punjab government has decided to provide Rs 28 billion subsidy for selling flour to Tandoor-owwners at Rs 250 per 20 kg bag The provincial government has increased price of wheat by Rs 40 per maund. According to sources, the government has started rel
Published 05 Oct, 2008 12:00am
Tandoor-owners to be provided Rs 28 billion subsidy

Tandoor-owners to be provided Rs 28 billion subsidy

The Punjab government has decided to provide Rs 28 billion subsidy for selling flour to Tandoor-owwners at Rs 250 per 20 kg bag The provincial government has increased price of wheat by Rs 40 per maund. According to sources, the government has started rel
Published 05 Oct, 2008 12:00am
Two biggest Dubai property financiers in merger talks

Two biggest Dubai property financiers in merger talks

The two largest property financiers in the booming Gulf emirate of Dubai - Amlak Finance PJSC and Tamweel PJSC - announced on Saturday that they have opened merger talks. The two firms said they had the blessing of Dubai emir Sheikh Mohammed bin Rashid al
Published 05 Oct, 2008 12:00am
Two biggest Dubai property financiers in merger talks

Two biggest Dubai property financiers in merger talks

The two largest property financiers in the booming Gulf emirate of Dubai - Amlak Finance PJSC and Tamweel PJSC - announced on Saturday that they have opened merger talks. The two firms said they had the blessing of Dubai emir Sheikh Mohammed bin Rashid al
Published 05 Oct, 2008 12:00am
Two biggest Dubai property financiers in merger talks

Two biggest Dubai property financiers in merger talks

The two largest property financiers in the booming Gulf emirate of Dubai - Amlak Finance PJSC and Tamweel PJSC - announced on Saturday that they have opened merger talks. The two firms said they had the blessing of Dubai emir Sheikh Mohammed bin Rashid al
Published 05 Oct, 2008 12:00am
Berlusconi graft trial suspended

Berlusconi graft trial suspended

A Milan court on Saturday formally suspended Prime Minister Silvio Berlusconi's corruption trial but petitioned the Constitutional Court over a new law protecting him from prosecution. Prosecutors had no choice but to suspend the 18-month old trial becaus
Published 05 Oct, 2008 12:00am
Berlusconi graft trial suspended

Berlusconi graft trial suspended

A Milan court on Saturday formally suspended Prime Minister Silvio Berlusconi's corruption trial but petitioned the Constitutional Court over a new law protecting him from prosecution. Prosecutors had no choice but to suspend the 18-month old trial becaus
Published 05 Oct, 2008 12:00am
Fierce gunbattle in IoK leaves 14 dead

Fierce gunbattle in IoK leaves 14 dead

Thirteen suspected militants and an Indian soldier have been killed in one of the fiercest gun battles in recent years in Occupied Kashmir, military officials said Saturday. Major General V. Goudar said the "heavily-armed militants" and soldier had been k
Published 05 Oct, 2008 12:00am
European leaders vow to fight financial mayhem

European leaders vow to fight financial mayhem

European leaders vowed at the start of an emergency summit on Saturday to do what they could to fend off a financial crisis that snowballed out of Wall Street and is now hitting banks in Europe. German Chancellor Angela Merkel, keen not to be turned into
Published 05 Oct, 2008 12:00am
European leaders vow to fight financial mayhem

European leaders vow to fight financial mayhem

European leaders vowed at the start of an emergency summit on Saturday to do what they could to fend off a financial crisis that snowballed out of Wall Street and is now hitting banks in Europe. German Chancellor Angela Merkel, keen not to be turned into
Published 05 Oct, 2008 12:00am
European leaders vow to fight financial mayhem

European leaders vow to fight financial mayhem

European leaders vowed at the start of an emergency summit on Saturday to do what they could to fend off a financial crisis that snowballed out of Wall Street and is now hitting banks in Europe. German Chancellor Angela Merkel, keen not to be turned into
Published 05 Oct, 2008 12:00am
IMF urges coordinated EU approach to crisis

IMF urges coordinated EU approach to crisis

Europe must adopt a co-ordinated approach to the financial crisis, the head of the IMF said on Saturday and warned individual countries against acting purely in their own interests.
Published 05 Oct, 2008 12:00am
IMF urges coordinated EU approach to crisis

IMF urges coordinated EU approach to crisis

Europe must adopt a co-ordinated approach to the financial crisis, the head of the IMF said on Saturday and warned individual countries against acting purely in their own interests.
Published 05 Oct, 2008 12:00am
Car sale posts 57 percent decline in first two months

Car sale posts 57 percent decline in first two months

The auto assemblers all over the world are going through a tough time as the car sale has declined in almost all countries in the first two months of FY09, mainly due to change in auto finance policies by the suppliers of funds, analysts said.
Published 05 Oct, 2008 12:00am
AirAsia considering options for privatisation

AirAsia considering options for privatisation

AirAsia, the region's largest low-cost carrier, said Saturday it is exploring "various options", following a newspaper report that it may soon be privatised. "We have continuously been exploring various options at both shareholders and company level," Kam
Published 05 Oct, 2008 12:00am
Rice in India amid hitches with nuclear pact

Rice in India amid hitches with nuclear pact

US Secretary of State Condoleezza Rice said Saturday a landmark deal lifting a ban on civilian nuclear trade with India would be inked soon after a scheduled signing during her visit here was postponed. Rice said the delay was simply the result of procedu
Published 05 Oct, 2008 12:00am
Rice in India amid hitches with nuclear pact

Rice in India amid hitches with nuclear pact

US Secretary of State Condoleezza Rice said Saturday a landmark deal lifting a ban on civilian nuclear trade with India would be inked soon after a scheduled signing during her visit here was postponed. Rice said the delay was simply the result of procedu
Published 05 Oct, 2008 12:00am
World Bank to provide $50 million to Pakistan for poverty reduction

World Bank to provide $50 million to Pakistan for poverty reduction

World Bank will provide $50 million to Pakistan for launching "Pakistan Social Protection Project" to reduce poverty and inequality and promote human capital investments among the poor families through the provision of direct monetary transfers and incent
Published 05 Oct, 2008 12:00am
World Bank to provide $50 million to Pakistan for poverty reduction

World Bank to provide $50 million to Pakistan for poverty reduction

World Bank will provide $50 million to Pakistan for launching "Pakistan Social Protection Project" to reduce poverty and inequality and promote human capital investments among the poor families through the provision of direct monetary transfers and incent
Published 05 Oct, 2008 12:00am
World Bank to provide $50 million to Pakistan for poverty reduction

World Bank to provide $50 million to Pakistan for poverty reduction

World Bank will provide $50 million to Pakistan for launching "Pakistan Social Protection Project" to reduce poverty and inequality and promote human capital investments among the poor families through the provision of direct monetary transfers and incent
Published 05 Oct, 2008 12:00am
Car sale posts 57 percent decline in first two months

Car sale posts 57 percent decline in first two months

The auto assemblers all over the world are going through a tough time as the car sale has declined in almost all countries in the first two months of FY09, mainly due to change in auto finance policies by the suppliers of funds, analysts said.
Published 05 Oct, 2008 12:00am
Effects of financial bailout will take time: Bush

Effects of financial bailout will take time: Bush

President George W. Bush said on Saturday that benefits from the recently passed financial bailout will take time to show up in the US economy. One day after Bush signed the $700 billion rescue package into law, he assured the public that the government w
Published 05 Oct, 2008 12:00am
Effects of financial bailout will take time: Bush

Effects of financial bailout will take time: Bush

President George W. Bush said on Saturday that benefits from the recently passed financial bailout will take time to show up in the US economy. One day after Bush signed the $700 billion rescue package into law, he assured the public that the government w
Published 05 Oct, 2008 12:00am
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