Liquidity injection to precede removal of floor from KSE
A comprehensive package consisting of both fiscal and monetary measures is being finalised to provide necessary liquidity to bourses prior to the removal of floor on the Karachi Stock Exchange. Saudi Pak Commercial Bank President Shaukat Tarin (tipped to take over as Advisor to the Prime Minister on Finance shortly) along with Pakistan Business Council CEO Syed Salim Raza (tipped to be the next SECP chairman held a meeting with State Bank Governor Dr Shamshad Akhtar on Monday more... (BR)

5.78 percent decline in textile exports in two months
Textile exports declined by 5.78 percent in August 2008 to $853.516 million from $905.12 million of July, according to Federal Bureau of Statistics (FBS) on Monday. Figures released by FBS showed a negative growth of 4.21 percent in July-August 2008 against same period of last year, with the exports declining to $1.759 billion in 2008 from $1.836 billion of 2007 more... (BR)

88.17 percent rise in July-August oil import bill
July-August 2008 oil import bill surged by 88.17 percent to $2.532 billion, against $1.334 billion of same period of last year, according to Federal Bureau of Statistics (FBS). Figures released by FBS on Monday showed 97.73 percent increase in import of petroleum products, followed by 79.37 percent crude oil products over the same period of last year more... (BR)

Bush-Asif meeting ‘very important’, says White House
The White House said on Monday that President George W. Bush’s meeting with his Pakistani counterpart was very important more... (D)

Suicide bombers coming from Punjab: Owais
NWFP Governor Owais Ghani warned Punjab on Monday that militancy was gaining strength in its backyard more... (D)

Askari Leasing posts Rs 153.196 million profit
Askari Leasing has posted a profit after tax of Rs 153.196 million for the year 2007-08 and announced a 15 percent bonus share. According to financial results of the company despatched to Karachi Stock Exchange here on Monday, the gross profit was estimated at Rs 194.741 million for the period ending June 2008. The earning per share stood at Rs 3.41 during the period under review more... (FD)

Flour mills shutdown in SindhMonitoring Desk
Sindh flour mills have been shut down for indefinite period from Monday after a row between the Sindh Flour Mills Association and provincial Ministry of Food. Chairman Flour Mills Association Sindh Circle Iqbal Dawood Pakwala has said that the flour mill owners have decided to close the mills after raids by the food vigilance committees of the Food Department, Government of Sindh and by the armed men of the provincial Minister for Food Mir Nadir Ali Magsi more... (FD)

ABL settles dispute with workers
The Allied Bank announced on Monday that it had reached a settlement with the ABL Workers Federation more... (FD)

Sale of Qadirpur gas field opposed
Sindh Taraqqi Pasand Party chairman Dr Qadir Magsi has said that the proposed privatisation of Qadirpur gas field is a new ploy to usurp natural resources of the province more... (D)