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Oil higher in Asian trade

Oil higher in Asian trade SINGAPORE: Oil was higher in Asian trade Thursday, bouncing back from overnight falls as investors digested key US inventory data, analysts said.

New York's main contract, light sweet crude for January delivery rose 20 cents to 76.80 dollars a barrel. Brent North Sea crude for January delivery added 42 cents to 78.30 dollars. Oil prices fell sharply in US tra   Read More...

India PM invites world to invest in economy

NEW DELHI: India’s premier rolled out the welcome mat for foreign investors Sunday, promising to step up economic reforms to draw global funds and put the country on a high growth path.



Prime Minster Manmohan Singh, speaking to a blue-chip international economic summit, said policy would be guided by the desire to create ‘an investor friendly envir   Read More...

Oil rises above $80 as earnings beat expectations

SINGAPORE: Oil prices rose above $80 a barrel Tuesday in Asia, extending a two-week rally as better than expected US corporate earnings boosted investor confidence.

Benchmark crude for November delivery rose as much as 44 cents to $80.05 a barrel but later fell back and was up 20 cents at $79.81 by midday Singapore time in electronic trading on the New York M   Read More...

Bullish activity at KSE; Index up 118 points

Bullish activity at KSE; Index up 118 points KARACHI: Bulls were in dominating position at Karachi Stock Exchange (KSE) Wednesday as the benchmark KSE-100 Index surged by 118 points to close at 9,805.

Fresh buying was witnessed at KSE after the administration assured brokers that their reservations on the new mechanism of margin financing will be redressed.

The market opened with 52 points up   Read More...

Oil prices fall as US job losses mount

Oil prices fall as US job losses mount NEW YORK: Oil prices fell Friday as official data revealed a jump in job losses and the unemployment rate in the United States, the world's biggest energy-consuming nation.

New York's main contract, light sweet crude for November delivery dropped 87 cents to close at 69.95 dollars a barrel.

London's Brent North Sea crude for delivery in November shed   Read More...

Oil falls below $66 in Asian markets

Oil falls below $66 in Asian markets SINGAPORE: Oil prices fell below $66 a barrel Monday in Asia as regional stock markets sank and investors eyed a slew of economic data this week that will help shed light on the health of the US economy.

Benchmark crude for November delivery was down 40 cents at $65.62 a barrel by midday Singapore time in electronic trading on the New York Mercantile Exchange   Read More...

Dismal outlook in first quarterly of current FY

ISLAMABAD: The fiscal deficit outgrew the appointed target due to decrease in revenues receipts, the Finance Ministry said Saturday.

Talking to Geo News, the sources privy to the ministry said the fiscal deficit is not expected to remain perched at 1.3 percent during the first quarterly of the current year.

According to sources, the government emplo   Read More...

World trade volume touches five-year highs

World trade volume touches five-year highs NEW YORK: Global trade rose at its fastest rate touching the highs in more than five years in this July.

According to the statistics issued by the Bureau for Economic Policy, a Dutch research institute, showed the volume of world trade rising 3.5 per cent in July after a revised increase of 1.6 per cent in June.

The decrease in the world trade was ca   Read More...

G20 agrees to sustain stimulus, start reforms

G20 agrees to sustain stimulus, start reforms PITTSBURGH: The Group of 20 will become the forum for global economic management, giving rising powers such as China more clout, and roll out tougher rules on bank capital by the end of 2012, a draft communiqué said on Friday.



Ensuring and sustaining economic recovery topped the agenda at a two-day Pittsburgh summit of the world’s richest nations a   Read More...

IMF urges donors to deliver on Pakistan aid

IMF urges donors to deliver on Pakistan aid WASHINGTON: The International Monetary Fund on Tuesday urged donors at a meeting in New York this week to follow through on billions of dollars in aid promised for Pakistan, which in turn must work harder on its own reforms.



Leaders from a grouping called the ‘Friends of Democratic Pakistan’ — including US President Barack Obama — are set to meet P   Read More...

ADB urges raise in power tariffs

ADB urges raise in power tariffs MANILA: Asia Development Bank (ADB) said in its report Sunday the raise in power tariffs is imperative so that the subsidy could be whittled down and circular debt eliminated.

According to report, the major cause of economic slump lies in power crisis; accordingly, the government will have to curtail power wastages and losses.

The reports said Pakist   Read More...

Hi-tech facility downs Eid cards sale

Hi-tech facility downs Eid cards sale KARACHI: Eid cards sale starts picking up across the country from the middle of the month of Ramazan, but with the latest technology getting increasingly in vogue, the sale of Eid cards in the past few years has recoded significant diminishing trend.

The availability of the much convenient Internet and SMS service for sending messages seems to have severely h   Read More...

Hi-tech facility downs Eid cards sale

Hi-tech facility downs Eid cards sale KARACHI: Eid cards sale starts picking up across the country from the middle of the month of Ramazan, but with the latest technology getting increasingly in vogue, the sale of Eid cards in the past few years has recoded significant diminishing trend.

The availability of the much convenient Internet and SMS service for sending messages seems to have severely h   Read More...

Forex Reserves Down in Pakistan

Forex Reserves Down in Pakistan KARACHI: The country’s foreign exchange reserves have downscaled to $14.243 billion with the decrease of $64 million, data released by the State Bank of Pakistan shows Thursday.

The reserves held by the SBP witnessed a decrease of $52.6 million to go down to $10.73 billion on the week ending on September 5.

The reserves held by the banks other than S   Read More...

Fitch downgrades four Pakistan banks

Fitch downgrades four Pakistan banks KARACHI: Fitch Ratings affirmed and simultaneously withdrawn the ratings of the four Pakistani banks here Monday mainly owing to limited investor interest.

As per Fitch press statement issued here, the four banks include National Bank of Pakistan (NBP), MCB Bank Limited (MCB), Habib Bank Limited (HBL), and United Bank Limited (UBL) to Individual D, Support 5,   Read More...

Oil prices up on eve of OPEC meeting

Oil prices up on eve of OPEC meeting NEW YORK: Oil prices jumped Tuesday ahead of OPEC talks on the back of buoyant gold demand, a weakening US dollar and confidence that the global economy will recover from a sharp downturn.

Comments by oil kingpin Saudi Arabia that the crude market was "very stable and healthy" were also seen providing support for prices, analysts said.

New York's mai   Read More...

Oil mixed in Asian trade

SINGAPORE: Oil was mixed in Asian trade Monday as worries about US energy demand capped investor sentiment, analysts said.

New York's main contract, light sweet crude for October delivery, dropped 10 cents to 67.92 dollars a barrel. Brent North Sea crude for October delivery was one cent up at 66.83 dollars a barrel.

The latest US jobs data released   Read More...


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