Business
Greek & Italian drama for American stocks
Nov 14th
NEW YORK: Wall Street is stuck in a highly volatile range as investors hoping for a rally into the end of the year are browbeaten by Europe”s unfolding crisis…
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Loading ...Private sector to run Shalimar Express train
Nov 13th
KARACHI: Pakistan Railways has decided to restore Shalimar Express train service between Karachi and Lahore from January next year through private sector… The PR officials in Lahore told PPI on phone that ticket reservation and checking system of the train would be the responsibility of the private sector however he
(No Ratings Yet) Loading ...Oil down in Asia on profit taking
Nov 13th
SINGAPORE: Oil prices headed down in Asian trade Friday as traders took profits from a heady overnight rally sparked by a slew of positive economic data from the US, Europe and China, analysts said… New York”s main contract, light sweet crude for delivery in December, retreated 23 cents to $97…55 per barrel… B
(No Ratings Yet) Loading ...Euro stable after successful Italian bond auction
Nov 13th
TOKYO: The euro was steady against the dollar in Asia on Friday as recent sell-offs on eurozone debt problems took a pause after Italian bonds attracted solid demand at a closely watched auction… The euro was slightly down at $1…3586 and 105…43 yen in Tokyo trade against $1…3599 and 105…65 yen in New York late Thursd
(No Ratings Yet) Loading ...Pak-India trade talks from Nov… 14
Nov 13th
ISLAMABAD: Pakistan delegation will be leaving for India tomorrow for secretary-level trade talks between Pakistan and India, while the formal talks would be kicking off on November 14 in News Delhi, Geo News reported… Commerce ministry officials said that the Trade Secretary, Zafar Mahmood would be meeting Indian of
(No Ratings Yet) Loading ...KSE gains 50 points on fresh buying at weekend
Nov 13th
KARACHI: Pakistani stocks gained on Friday, but volume remained low and dealers said investors were awaiting some positive trigger to take aggressive positions in the market… “There is not much happening at the moment and the corporate result season is also over, so a positive trigger is now required to push up the m
(No Ratings Yet) Loading ...Pak delegation to leave for trade talks with India
Nov 12th
ISLAMABAD: Pakistan delegation is leaving for India Saturday for secretary-level trade talks between Pakistan and India, while the formal talks would be kicking off on November 14 in News Delhi, Geo News reported…
(No Ratings Yet) Loading ...Govt drills 131 exploratory oil/gas wells
Nov 8th
ISLAMABAD: The Ministry of Petroleum and Natural Resources has drilled 131 exploratory wells during the last five years to meet the growing needs of oil and gas in the country…
(No Ratings Yet) Loading ...Non-trade barriers not Pak specific: Indian HC
Nov 8th
Non-trade barriers not Pak specific: Indian HC KARACHI: Indian High Commissioner to Pakistan, Sharat Sabharwal said Saturday that India”s non-trade barriers are uniform for all the countries and not `Pakistan specific…” “We have a uniform policy which relates to quality of goods, their packaging etc,” he said
(No Ratings Yet) Loading ...SECP registered 257 cos during Oct
Nov 8th
ISLAMABAD : During the month of October 2011, the The Securities and Exchange Commission of Pakistan (SECP) registered 257 new companies… Private companies (244) have the highest share in new incorporation followed by 11 single member companies, one not-for-profit association and a foreign company from the UK in the
(No Ratings Yet) Loading ...Non-conducive environment dents FDI
Nov 8th
ISLAMABAD: Lack of conducive environment, law and order situation, political instability, rampant corruption and frail economy have had a worst impact on the foreign direct investment (FDI) in the country, Geo News reported Sunday…
(No Ratings Yet) Loading ...Asian shares mixed as fears for Italy intensify
Nov 8th
HONG KONG: Asian markets were mixed on Tuesday as Italy”s deepening debt and political crisis overshadowed progress by Greece, another stricken eurozone member, towards installing a new government… Italy”s borrowing rates have soared to unsustainable levels with the yield on its 10-year government bonds hitting a rec
(No Ratings Yet) Loading ...Italy bond yields worsen euro zone crisis
Nov 8th
ATHENS/ROME: Italian government bond yields soared to near 15-year highs, putting the euro zone”s third largest economy front and center of the region”s debt crisis, despite scrambling efforts by policymakers to stem the growing contagion… Italy, the world”s eighth largest economy, overtook Greece as the prime threat
(No Ratings Yet) Loading ...Crude lower in Asia
Nov 8th
SINGAPORE: Crude prices turned lower in Asia on Tuesday as markets focused on Italy”s record bond yields as a sign that the eurozone debt troubles were far from over, analysts said… New York”s main contract, light sweet crude for delivery in December, dipped 13 cents to $95…39 per barrel… Brent North Sea crude for De
(No Ratings Yet) Loading ...Ogra makes fuel dearer by up to 5pc
Oct 1st
ISLAMABAD: Oil & Gas Regulatory Authority finally made official an up-to-five-percent rise in petroleum products early Saturday morning with immediate effect, Geo News reported… Compared to September prices, petrol has been raised by five per cent and high octane blending component (HOBC) by Rs2…72/liter owing to a jump in global crude mar
(No Ratings Yet) Loading ...Adoption of reforms agenda must for economic stability: ADB
Sep 30th
ISLAMABAD: Pakistans economic outlook is positive, however needs adherence to the national economic reforms agenda to overcome the challenges it has been facing currently, newly appointed Country Director Asian Development Bank (ADB) said here on Thursday… In a first-ever informal meeting with journalists after assuming the charge, ADB Cou
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