Karachi—Governor State Bank of Pakistan, Syed
Salim Raza on Monday said the Central Bank is
working on the establishment of Infrastructure
Development Bank and Mortgage Refinance Company
under Public-Private Partnership for the growth
and development of infrastructure and housing
sector in the country.
Rawalpindi—Argentine Ambassador to Pakistan,
Rodlfo J. Martine Monday said Argentina would
promote Pakistani products in Argentina on
priority basis and the two countries could come
out of prevailing global economic recession with
mutual understanding and cooperation.
Karachi—Heavy selling pulled down prices of
leading scrips at Karachi Stock Exchange (KSE)
Monday as 100 Index plunged by 84.40 points to
close at 9,221.96, dealers said. Rasheed Gohar,
a dealer at a leading brokerage house said that
market was weak since morning and went down to
9100 level on selling pressure.
Taipei—Taiwan plans to
restrict Chinese stock investment in strategic
sectors, as it seeks to keep control of its
economy amid rapidly growing ties with the
mainland, local media said Monday. Chinese
institutional investors will be allowed to hold
no more than a total of 10 percent in listed
companies in the telecommunications, aviation
and finance industries, the Commercial Times
reported, citing unnamed sources.
London —Prime Minister Gordon Brown, seeking to
lift Britain out of a record recession as he
battles to stay in power, urged stronger trade
links with China in a speech to business leaders
on Monday. Brown, whose Labour government is
expected to lose a general election due by
mid-2010, unveiled his “new growth strategy” at
the annual conference of the Confederation of
British Industry (CBI).
