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Local auto sales down 44% in 1QFY09 - Daily Times

Local auto sales down 44% in 1QFY09 Daily Times, Pakistan - 47 minutes ago By Moonis Ahmed KARACHI: The downward trend in auto sales ( cars + LCVs) continued as auto saled stood at 27034 units for July-September 2008, ... Pakistan's Sept. Car Sales Drop 32% as Loan Costs Climb Bloomberg all 2 news articles

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Pakistan, The Land the Financial Bad News Forgot: Part II

Given all the pain in markets last week, I thought it would be a good time to check in again on The Land That Financial Bad News Forgot. Yes, Pakistan. If you recall, the wise folks running the Karachi Exchange decided back in August that they would put a floor under the KSE at 9100. After falling for months, no longer would investors have to worry about their stocks falling further. They could only...

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Olympians to form body to ‘save hockey'

By our correspondent KARACHI: Pakistan former hockey Olympians on Friday promised to form a players’ association within the next few days in a bid to save the national sport.

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Rama Pir Sufi Saint of Sindh and Hind

- Riaz Sohail, Karachi, Sindh Courtesy and Thanks: BBC urdu To read the report in Urdu, please click the following link; or click the following link; http://www.bbc.co.uk/urdu/pakistan/story/2008/10/081010_rama_pir_mandar_rh.shtml

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Following The Money Trail For The Taliban

Terrorism: Focus - Taliban Money Trail From Pakistan To United Arab Emirates -- Adnkronos Karachi, 9 Oct. (AKI) - Since the Pakistani border city of Chaman and the Afghan city of Kandahar play a pivotal role in financing the Taliban's operations in southeastern Afghanistan, there is growing speculation that the Taliban is funnelling money through hawalas or money brokers in the United Arab Emirates...

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Pakistan plans to unfreeze stock market by October 27

Karachi - Pakistan's main Karachi bourse on Friday reluctantly decided to unfreeze itself by October 27 only if the government fixes a cap on interest rates on loans taken by top brokers, sources said. The decision to unfreeze is only tentative. We ...

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Sialkot Stallions to represent Pakistan

Karachi: Sialkot Stallions will represent Pakistan in the inaugural Champions Twenty20 League cricket tournament in India in December after it defeated Karachi in the final of National Twenty20 Championship in Lahore. Sialkot, led by ...

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‘Sri Lanka is the team to beat’

Karachi: His captain might say that there are no favourites in the Twenty20 four-nation international cricket tournament beginning in Toronto from Friday, but Pakistan vice-captain Misbah-ul-Haq said the competition will be between Pakistan ...

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Sialkot win Champions Twenty20 League berth

Shoaib Malik, the Sialkot Stallions captain, took 2 for 26 and was involved in two important partnerships during a seven-wicket win over the Karachi Dolphins.

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Ramiz: India will feel Sourav's absence

Karachi: Former Pakistan captain Ramiz Raja on Wednesday supported Sourav Ganguly's decision to retire at the end of the home series against Australia and said that retiring now would mean the former India captain will go out gracefully, earning the respect and admiration of his fans and fellow players.

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New PCB chief vows to cleanse system

Karachi: The new Chairman of the Pakistan Cricket Board (PCB), Ejaz Butt on Wednesday vowed to make wholesome changes in the cricket set up and said he would vest more powers on the cricketers to handle the affairs of the board.

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SBP injects $100 million in market

KARACHI: The State Bank of Pakistan (SBP) has injected U.S. $100 million in inter-bank market to stabilize value of rupee against dollar. SBP spokesman, Syed Waseem Uddin told a private TV channel that central bank intervened in inter-bank market to stabilize the value of rupee against dollar. He, however, declined to comment on value of [...]

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Sufficient inflows in next 4 weeks to build up reserves: PM’s Advisor

KARACHI: Advisor to Prime Minister on Finance Shaukat Tareen said Wednesday that foreign exchange reserves will be built- up with the help of sufficient inflows being arranged in next three to four weeks. He was talking to media at Jinnah Terminal of Karachi Airport. “I am going to Washington DC tonight (intervening Wednesday-Thursday) to [...]

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Pakistan's Crashing Economy

KARACHI - Pakistan's economy is registering a nosedive on major economic indicators, especially the foreign currency reserves and ever-increasing trade deficit, resulting in a massive fall of the rupee against the dollar and sounding the alarm about the economic future of the country.

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Gold Touches Record RS23,142

KARACHI: Gold has touched a record high of RS 23,142 per 10 grams in the local market Wednesday, as its international price also moved up to $911 per ounce market sources said. President Sarraf Dealers Haji Haroon Chand said bullion has surged on weak rupees and rising demand for precious metal. He ...