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Pakistan Pays High Price of Anti-Terror War
Monday, March 15, 2010 at 4:55 pm
ISLAMABAD, Pakistan News: Reiterating the government’s commitment to root out the menace of terrorism and militancy from the country President Asif Ali Zardari Wednesday said solution of the issue of terrorism lied in strengthening of democracy. “The solution of the issue of terrorism lies in strengthening democracy and we should all join hands in bringing stability to the system”, the President... Read more »
India(CAI) Karachi(KCA) Agree On Cotton Trade
Saturday, March 13, 2010 at 2:11 pm
KARACHI PAKISTAN News: Cotton Association of India (CAI) and Karachi Cotton Association (KCA) have reached an agreement to abolish all existing barriers in way of cotton trade between two neighbours. President CAI Dheran N Seth visited KCA here on Saturday wherein he called on President KCA Sohail Naseem. During the sitting, the heads of two cotton associations resolved to mutually resolve disputed... Read more »
Oil Slips Before US Energy Report
Wednesday, March 10, 2010 at 4:43 pm
LONDON: World oil prices dipped on Wednesday before publication of a closely-watched report on energy inventories in the United States, the world’s biggest energy consuming nation. New York’s main contract, light sweet crude for April delivery, dropped 12 cents to 81.37 dollars a barrel. London’s Brent North Sea crude for April delivery eased seven cents to stand at 79.84 dollars... Read more »
SBP Asked to furnish details of Shareholding of Executives
Friday, March 5, 2010 at 6:09 pm
Lahore, Pakistan News: The State Bank of Pakistan has asked all the locally incorporated banks to furnish to it (SBP) the details of shareholding of their Chairman, Managing Director or Chief Executive Officer on yearly basis. ‘In terms of powers conferred under Section 14(3) of the Banking Companies Ordinance,1962, it has been decided that every Chairman, Managing Director or Chief Executive... Read more »
Oil Stays Above 80 Dollars
Friday, March 5, 2010 at 4:43 pm
LONDON: Oil prices rose to near $81 a barrel Friday in Asia as crude traders followed equity markets higher ahead of a key US jobs report. Benchmark crude for April delivery was up 53 cents to $80.74 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 66 cents to settle at $80.21 on Thursday. U.S. stock markets rose Thursday on investor optimism... Read more »
Bullish Trend Prevailed the Asian markets
Wednesday, March 3, 2010 at 6:41 pm
Karachi, Pakistan News: Bullish trend prevailed the Asian markets owing to reports of improvement in economic condition of Greece. Arush of investors marked bullish trend in Asia. MSCI Asia Pacific Index gained 5 percent to 120 points. The Index has reached a positive level. Nikkie Index Japan added 31 points while Hong Kong’s Hang Seng gained 44. Euro was at 1.343 in the currency market. [Read more...]
Oil up in Asia
Monday, March 1, 2010 at 6:02 pm
SINGAPORE: Crude oil exceeds $80 a barrel in Asian markets. During trading in Singapore delivery contract for March increased by 50 cents to 80.16 cents per barrel. London Brent North crude for April delivery was at $78.80 with an increase of 47 cents. According to the traders, the fall of dollar against Euro pushed the prices of oil and other commodities. [Read more...]
Cotton Price Reach Record Rs5700/MD
Thursday, February 25, 2010 at 6:29 pm
KARACHI, Pakistan News: The price of cotton soared to Rs5700 per maund with an addition of Rs100 in the local market. The cotton season nears its end in the country; while, its price is making new records. The per maund cotton price has reached at highest level in international market. Reduction in cotton production in India and export of yarn are the major factors for price hike in local markets. According... Read more »
Banks Disburse over Rs 124 Billion Agricultural Credit
Tuesday, February 23, 2010 at 5:41 pm
Pakistan News: Agricultural credit disbursement by commercial and specialized banks rose 6.33 percent year-on-year to Rs 124.168 billion in the first seven (July-Jan.) of the current 2009-10 fiscal year (FY10). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 7.391 billion in July-January, 2010 when compared with total disbursement of Rs 116.777 billion in the... Read more »
Increases Gold Price Local, int’l Markets
Monday, February 22, 2010 at 4:01 pm
Latest news in Gold Price : Bullish trend witnessed in local and international gold markets on Saturday. Gold prices increased to Rs35,950 per tola, up by Rs 100 whereas the price of 10 grams increased to Rs30,814, up by Rs 172. In international market, gold price reached to $1119 per ounce, up $11. [Read more...]
