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KARACHI: The Karachi Stock market hit another historic high as the bench mark 100 index crossed three physical barriers and closed record high on Tuesday. The KSE-100 index gained 353.86 points to close at 21168 points while KSE-30... 
KARACHI: Foreign bulls Monday catapulted Karachi Stock Exchange (KSE) above 20,800 mark, a massive rally wherein the benchmark index of apex bourse piled up around a solid 277 points. Benchmark KSE-100 Index ended 1.35 percent, or 277.11 points,... 
SINGAPORE: Gold has dipped for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead, according to... 
TOKYO: Toyota has accelerated past South Korea’s Samsung Electronics to become Asia’s biggest company by market value, after the Japanese automaker’s shares doubled in the past year. Toyota’s market capitalization stood at 22.23 trillion yen ($217 billion) on... 
WASHINGTON: What could be a World War II era recipe for Coca-Cola’s secret formula found a buyer on eBay — a 15-year-old who now has three days to come up with $15 million to pay for it. Georgia... 
KARACHI: State Bank of Pakistan (SBP) has declared 6th profit coupon rate of 3- year Government of Pakistan Ijara Sukuk (GIS-5). The auction was conducted on November 08, 2010, said a SBP release here on Tuesday. The issue... 
KARACHI: Karachi Stock Exchange (KSE) went booming up and up to gain in early few hours some 300 points breaching KSE-100 index record of 20,000 points, as the investors hailing the outcome of the May 11 polls and... 
TEHRAN: Iran is unhappy with the current oil prices, its oil minister said Monday, hinting at a proposal for the OPEC to lower its output to compensate for a drop in crude prices. “Iran’s suggestion has always been... 
TOKYO: Panasonic said Friday its net loss reached $7.5 billion in the year to March on falling demand, but pledged it would return to profit by next March. The struggling electronics giant logged a 754.25 billion yen ($7.5... 
SINGAPORE: Gold neared its highest level in more than two weeks on Monday, but gains may be capped by a rally in equity markets and promising US jobs data that dampened speculation the Federal Reserve may boost monetary... 
KARACHI: The local capital market closed higher on Friday ahead of crucial elections that should mark the first transfer of power from one democratically elected government to another. The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 1.01... 
KARACHI: Branchless banking (BB) in the country continues to grow substantially and number of BB accounts has reached 2.1 million during 2nd quarter of the current fiscal year ( Oct.-Dec. 2012) registering an impressive growth of 20%. According... 
LONDON: The British stock market traded flat on Wednesday amid a public holiday in much of Asia and Europe and after another record finish overnight in New York ahead of the Federal Reserve’s latest interest rate call. In... 
Sharjah’s new road projects announced on Monday can increase tourism to Sharjah and neighboring emirates, according to experts. According to sources, The two road projects, worth Dh1 billion, are aimed at easing traffic on major roads in Sharjah, as well... 
ISLAMABAD: The government has decreased the petroleum prices by Rs 4.72 per litre and diesel by 2.53 per litre from 12am May 1st, Aaj news reported. According to the notification, petrol price has been ratcheted down by Rs4.72... 
Etisalat will make a binding offer on Wednesday to buy Vivendi’s 53 percent stake in Morocco’s Maroc Telecom, a deal in which the UAE telecom firm is expected to face stiff competition from its regional rival in Qatar. French media group Vivendi wants to sell... 
KARACHI: Net foreign direct investment into Pakistan rose 3.8 per cent in the nine months that ended in March to reach $622 million, compared to a year earlier, the State Bank of Pakistan said on Tuesday. Between last... 
The S&P 500 stock index’s stunning run since the start of the year has made many bullish analysts look conservative. As the benchmark S&P has roared to record highs this year with a gain of more than 11... 
LONDON: Sterling touched a seven-week peak against the dollar and inched higher against the euro on Thursday, after better-than-expected data earlier this week increased bets the British economy would avoid slipping into recession. Solid industrial output data on... 
SINGAPORE: Oil was down in Asian trade Thursday on concerns over weaker US energy demand indicated by rising inventories, analysts said. New York’s main contract, light sweet crude for delivery in May dropped 26 cents to $94.38 a... 
KARACHI: Caretaker Provincial Minister for Industries, Khalid Tawab, while presiding over a high-level meeting in his office here on Tuesday said in a statement that the federal government would soon release a fund of Rs1 billion for development... 
KARACHI: The rupee failed to retain its firmness, dropping modestly versus the dollar due to strong demand for US currency. The rupee was down by 11 paisa in relation to the dollar for buying and selling at Rs... 
KARACHI: The stock market of Karachi remained upbeat for yet another session this week, with bullish investors helping the market break through the 18,500-point barrier to mark yet another record for the bourse. “The bourse continued with its... 
SINGAPORE: Oil was down in Asia on Wednesday as a pipeline closure in the United States led to fears that inventories could rise and investors waited for the release of US payrolls data. The market is also eyeing... 
SHANGHAI: Carpet buyers from around the world thronged the Pakistan pavilion set up at an international fair held last week in Shanghai. The DOMOTEX Asia/CHINAFLOOR, took place from the March 26-28 at the Shanghai New International Exhibition Centre... -
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JUST IN 
- Taliban launch attack in downtown Kabul
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Market
Stock market hits another historic high, index leaps again
By: Fawad Khan, Uploaded: 21st May 2013
KARACHI: The Karachi Stock market hit another historic high as the bench mark 100 index crossed three physical barriers and closed record high on Tuesday. The KSE-100 index gained 353.86 points to close at 21168 points while KSE-30 Index gained 321 points and closed at 16482.63 points. The stocks of 393 companies were traded out... Karachi Stock Exchange closes higher; rupee strengthens
By: Hassaan Ali, Uploaded: 20th May 2013
KARACHI: Foreign bulls Monday catapulted Karachi Stock Exchange (KSE) above 20,800 mark, a massive rally wherein the benchmark index of apex bourse piled up around a solid 277 points. Benchmark KSE-100 Index ended 1.35 percent, or 277.11 points, higher at 20,814.14. Reports of an early resolution of circular debt helped Pakistan State Oil Company Ltd... Gold posts worst fall since March 2009
By: Alize Ahmed, Uploaded: 18th May 2013
SINGAPORE: Gold has dipped for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead, according to a Reuters news agency report. Gold has lost nearly 6 percent of its value in the six... Toyota becomes Asia’s biggest firm by market value
By: Farah Jamil, Uploaded: 16th May 2013
TOKYO: Toyota has accelerated past South Korea’s Samsung Electronics to become Asia’s biggest company by market value, after the Japanese automaker’s shares doubled in the past year. Toyota’s market capitalization stood at 22.23 trillion yen ($217 billion) on Thursday, beating out the Galaxy smartphone and tablet computer giant which was worth the equivalent of 20.32... Coca-Cola ‘recipe’ finds teen buyer – at $15 million
By: AFP, Uploaded: 16th May 2013
WASHINGTON: What could be a World War II era recipe for Coca-Cola’s secret formula found a buyer on eBay — a 15-year-old who now has three days to come up with $15 million to pay for it. Georgia antiques dealer Cliff Kluge listed the yellowing typewritten document — found among papers at a Tennessee estate... SBP declares profit coupon rate
By: Farah Jamil, Uploaded: 14th May 2013
KARACHI: State Bank of Pakistan (SBP) has declared 6th profit coupon rate of 3- year Government of Pakistan Ijara Sukuk (GIS-5). The auction was conducted on November 08, 2010, said a SBP release here on Tuesday. The issue is 03-year Ijara Sukuk (GIS-5), the rate per annum is 9.4291 and the date of payment will... Karachi stock hit all time high 20,000 points on Nawaz win
By: Fawad Khan, Uploaded: 13th May 2013
KARACHI: Karachi Stock Exchange (KSE) went booming up and up to gain in early few hours some 300 points breaching KSE-100 index record of 20,000 points, as the investors hailing the outcome of the May 11 polls and hoping for the restoration of some peace and stability in the country went jolly good and thronged... Iran hopes OPEC lowers output: oil minister
By: Alize Ahmed, Uploaded: 13th May 2013
TEHRAN: Iran is unhappy with the current oil prices, its oil minister said Monday, hinting at a proposal for the OPEC to lower its output to compensate for a drop in crude prices. “Iran’s suggestion has always been to reduce OPEC production ceiling,” Rostam Qasemi told reporters at a petrochemical conference in Tehran. The Organisation... Panasonic logs $7.5 billion annual loss
By: AFP, Uploaded: 10th May 2013
TOKYO: Panasonic said Friday its net loss reached $7.5 billion in the year to March on falling demand, but pledged it would return to profit by next March. The struggling electronics giant logged a 754.25 billion yen ($7.5 billion) in net loss over the year to March, slightly trimming a 772.17-billion-yen net loss seen in... Gold holds near 2-week high; equities cap gains
By: Reuters, Uploaded: 6th May 2013
SINGAPORE: Gold neared its highest level in more than two weeks on Monday, but gains may be capped by a rally in equity markets and promising US jobs data that dampened speculation the Federal Reserve may boost monetary stimulus. Bullion has slipped almost 12 percent so far this year, having posted annual gains in the... KSE goes up by 192 points
By: Reuters, Uploaded: 4th May 2013
KARACHI: The local capital market closed higher on Friday ahead of crucial elections that should mark the first transfer of power from one democratically elected government to another. The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 1.01 percent, or 192.10 points, higher at 19,226.63 points. Foreign flows had a positive impact on the market.... Branchless banking accounts grow by 20 percent
By: Afraz Ahmed, Uploaded: 3rd May 2013
KARACHI: Branchless banking (BB) in the country continues to grow substantially and number of BB accounts has reached 2.1 million during 2nd quarter of the current fiscal year ( Oct.-Dec. 2012) registering an impressive growth of 20%. According to SBP’s latest posts Branchless Banking Newsletter, this growth is mainly attributed to 49% growth in level... London stocks flat amid May Day holiday
By: AFP, Uploaded: 1st May 2013
LONDON: The British stock market traded flat on Wednesday amid a public holiday in much of Asia and Europe and after another record finish overnight in New York ahead of the Federal Reserve’s latest interest rate call. In morning deals, London’s FTSE 100 index of top companies added just 0.01 percent to 6,427.29 points in... Sharjah road projects can benefit emirate’s tourism industry
By: Afraz Ahmed, Uploaded: 30th April 2013
Sharjah’s new road projects announced on Monday can increase tourism to Sharjah and neighboring emirates, according to experts. According to sources, The two road projects, worth Dh1 billion, are aimed at easing traffic on major roads in Sharjah, as well as connecting the centre of the city to ring roads and Shaikh Mohammad Bin Zayed Road. The... Government to reduce petroleum product prices
By: Fawad Khan, Uploaded: 30th April 2013
ISLAMABAD: The government has decreased the petroleum prices by Rs 4.72 per litre and diesel by 2.53 per litre from 12am May 1st, Aaj news reported. According to the notification, petrol price has been ratcheted down by Rs4.72 to Rs97.59 per litre, and diesel by Rs2.53 to Rs106.06 a litre. The Oil and Gas Regulatory... Etisalat to make binding offer for $6 billion Maroc stake
By: Sheraz Nasir, Uploaded: 24th April 2013
Etisalat will make a binding offer on Wednesday to buy Vivendi’s 53 percent stake in Morocco’s Maroc Telecom, a deal in which the UAE telecom firm is expected to face stiff competition from its regional rival in Qatar. French media group Vivendi wants to sell its stake in the Moroccan business to help reduce its debts – a deal seen as more... Foreign investment rose 3.8% in Pakistan
By: Reuters, Uploaded: 17th April 2013
KARACHI: Net foreign direct investment into Pakistan rose 3.8 per cent in the nine months that ended in March to reach $622 million, compared to a year earlier, the State Bank of Pakistan said on Tuesday. Between last July and March, there was an inflow of $1.591 billion and outflow of $969 million, the central... Wall St Week Ahead A year of returns, all before mid-April
By: Alize Ahmed, Uploaded: 14th April 2013
The S&P 500 stock index’s stunning run since the start of the year has made many bullish analysts look conservative. As the benchmark S&P has roared to record highs this year with a gain of more than 11 percent, many Wall Street analysts have been forced to concede their prior targets were too low and... Sterling hits seven-week high versus dollar but still vulnerable
By: Sheraz Nasir, Uploaded: 11th April 2013
LONDON: Sterling touched a seven-week peak against the dollar and inched higher against the euro on Thursday, after better-than-expected data earlier this week increased bets the British economy would avoid slipping into recession. Solid industrial output data on Tuesday and the Bank of Japan’s massive stimulus steps last week, which has driven the yen lower... Oil down in Asian trade
By: Majid Siddique, Uploaded: 11th April 2013
SINGAPORE: Oil was down in Asian trade Thursday on concerns over weaker US energy demand indicated by rising inventories, analysts said. New York’s main contract, light sweet crude for delivery in May dropped 26 cents to $94.38 a barrel and Brent North Sea crude for May delivery shed 17 cents to $105.62 in mid-morning trade.... Interim government to grant Rs 1billion to Karachi industrial areas
By: APP, Uploaded: 10th April 2013
KARACHI: Caretaker Provincial Minister for Industries, Khalid Tawab, while presiding over a high-level meeting in his office here on Tuesday said in a statement that the federal government would soon release a fund of Rs1 billion for development work in Karachi’s industrial areas. The Minister called for improving the law and order situation in the... Microsoft, Oracle take Google to task at EU over Android phones
By: Reuters, Uploaded: 9th April 2013
BRUSSELS: Google was in the firing line again on Tuesday after a group of major companies, including Microsoft and Oracle, complained to the European Commission over Google’s offerings for Android-powered mobile phones. “We are asking the Commission to move quickly and decisively to protect competition and innovation in this critical market,” said Thomas Vinje, Brussels-based... Pakistan Open Market Forex Rates
By: Maliha, Uploaded: 9th April 2013
KARACHI: The rupee failed to retain its firmness, dropping modestly versus the dollar due to strong demand for US currency. The rupee was down by 11 paisa in relation to the dollar for buying and selling at Rs 98.43 and Rs... Karachi Stock Exchange springs in good health
By: Aqsa Ishtiaque, Uploaded: 4th April 2013
KARACHI: The stock market of Karachi remained upbeat for yet another session this week, with bullish investors helping the market break through the 18,500-point barrier to mark yet another record for the bourse. “The bourse continued with its upward momentum for the third consecutive day of the week to close at a new high,” said... Oil down in Asian trade
By: AFP, Uploaded: 3rd April 2013
SINGAPORE: Oil was down in Asia on Wednesday as a pipeline closure in the United States led to fears that inventories could rise and investors waited for the release of US payrolls data. The market is also eyeing a policy meeting on Thursday of the European Central Bank (ECB), which is at the forefront of... Trade opportunities: Pakistani carpets intrigue international buyers
By: APP, Uploaded: 2nd April 2013
SHANGHAI: Carpet buyers from around the world thronged the Pakistan pavilion set up at an international fair held last week in Shanghai. The DOMOTEX Asia/CHINAFLOOR, took place from the March 26-28 at the Shanghai New International Exhibition Centre (SNIEC) in China. It hosted more than 1,200 exhibitors from 35 countries, in 11 exhibition halls covering... 
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