KARACHI (Reuters) The Karachi stock market closed flat on Wednesday amid thin trade as cautious investors awaited clarity on urea prices after reports it may fall in the domestic market, dealers said. The Karachi Stock Exchanges benchmark 100-share index fell 0.01pc, or 1.24 points, to close at ...

KARACHI (Reuters) - The Karachi stock market suffered heavy losses on Friday as foreign investors offloaded their holdings amid a global sell-off, while local investors remained cautious, dealers said. The Karachi Stock Exchanges benchmark 100-share index closed 3.98 per cent or 471.07 points lower ...

LONDON (AFP) - World oil prices retreated on Friday amid demand uncertainty in light of a worsening eurozone debt crisis, tight supplies and growth worries for the United States and China, the two biggest energy consumers. New Yorks main contract, West Texas Intermediate light sweet crude for ...

Dozens of people in northern Burma have reportedly been killed in the clashes between government troops and the Kachin Independence Army. Thousands more are trying to flee across the border after fierce fighting erupted this month around the construction sites of two Chinese-financed dams in the ...

Federal Finance Minister Abdul Hafeez Sheikh presented budget 2011-12 in the Parliament Friday amid protest by opposition parties during his speech, report said. The government earmarked 2.767 trillion rupees as its budget outlay for the 2011-12 fiscal year, a 14.2 percent increase from 2010-11 ...

Yemen's government said 28 people were killed in an explosion at a weapons storage site Thursday, but the opposition claimed military forces shelled a building used by tribal fighters who have risen up against President Ali Abdullah Saleh and warn of civil war if he refuses to step down. The ...

ISLAMABAD - Like many others including dignitaries sitting in the galleries, I was also least interested in the opposition parties friendly fashioned boycott of President Zardaris address to joint sitting of the Parliament Tuesday. What really had surprised me the most was President Zardaris ...

LAHORE A five-member dacoit gang including a woman looted cash, laptop and clothes worth over Rs 25.3 million on Sunday morning from a boutique located in Ghalib Market police area and all it was done despite a 24-hour surveillance of the locality by the police. The boutique (shop No-136) located ...

KAMAISHI, Japan, (AFP) - Workers were close to restoring power to a nuclear plants overheating reactors Sunday as the toll of dead or missing from Japans worst natural disaster in nearly a century neared 21,000. Amid the devastation on the northeast coast left by a March 11 quake and tsunami, ...

KARACHI Friday brought bad news for the local equity market as it not only suffered heavy losses but the KSE 100-share index also fell below 12,000-point level amidst heavy selling pressures in the scrips of the blue-chip companies by the investors across the board. The KSE 100-index closed at ...

LAHORE The 967th annual Urs of Hazrat Ali Hajveri (RA), popularly known as Data Ganj Bakhsh, will start on Sunday amid tight security arrangements. Punjab Chief Minister Mian Shahbaz Sharif will inaugurate three day ceremonies by laying floral wreath at the shrine and inaugurating the milk sabeel. ...

LAHORE City leading roads were presenting deserted look with only gun-fitted police vehicles roaming everywhere and the main arteries were blocked with barriers and iron bars as the appalled Lahorites remained indoor. Punjab Governor Salman Taseer was buried amid tears and sobbing here at a local ...

VENEZUELAN President Hugo Chavez and US Secretary of State Hillary Rodham Clinton have shaken hands in an apparently amicable encounter at a time of tension between the two countries, BBC reported on Sunday. They chatted and smiled at the inauguration of Brazils new president. Last week, Venezuela ...

KARACHI - In a major development, the benchmark KSE 100-index breached the phonological level of 12,000 on Thursday amid strong foreign buying in the scrips of oil & gas, banking and fertilizer sectors across the board. Moreover, higher banking sector spreads, surge in international oil prices and ...

SYDNEY (AFP) - Australian spin bowler Shane Warne Monday confirmed he had split from his ex-wife, amid reports of an alleged affair with British actress Liz Hurley. Warne and his former wife Simone Callahan, who have three children together, divorced some time ago but had rekindled their romance ...

ISLAMABAD Mystery shrouds US Consulate General in Peshawar Elizabeth Roods departure for Washington on Friday. A spokesperson of US Embassy in Islamabad confirmed the report and said that personal matters prompted the US diplomat to report back to Washington. Yes, Elizabeth Rood was asked to ...

LONDON (AFP) - The euro and European stock markets faltered on Monday, giving up early gains as investors questioned whether Irelands EU/IMF bailout would really herald the end of the eurozones debt crisis. News that the Irish government were going to accept assistance with a debt bailout package ...

The slain leader of Muttahida Qaumi Movement (MQM) Dr. Imran Farooq on Saturday laid to rest at Shuhada Graveyard in Yaseenabad, Karachi. Earlier, the funeral prayer of Dr Imran Farooq was offered under a very tight security at Jinnah Ground near Party headquarters Nine Zero in Azizabad. Maulana ...

KARACHI - The Karachi stock market witnessed bearish activity with thin volumes on Tuesday, as investors remained cautious ahead of Supreme Courts hearing on NRO case on Wednesday. The KSE 100-share index closed at 10,292.33 after losing 30.23 points. The 30-index closed at 9,939.44 with a loss of ...

WASHINGTON - A Florida church planning to burn copies of the holy Quran is "weighing" its decision after warnings of danger to U.S. troops, its pastor says. The Dove World Outreach Center in Gainesville plans to mark the anniversary of the Sept. 11, 2001, terror attacks on the United States by ...

South Korean Foreign Minister Yu Myung-hwan offered to resign after a controversial hiring of his daughter sparked a scandal, South Korean media said citing a ministry's spokesman. "Minister Yu offered to step down, taking responsibility for causing controversy over the issue of hiring his ...

KARACHI - Wavered movement continued at the local bourse on Friday as cautious investors stayed on the sidelines awaiting a clear picture on the economic costs of floods and on talks between the International Monetary Fund and Pakistan. Both days high and low was hit during the early trading hour, ...

KARACHI - The Karachi stock market suffered heavy losses on Tuesday following statements that the economic growth for the fiscal year 2010/11 may be zero per cent because of the devastation caused by the floods. Vulnerable economic, social and political front had already kept the local participants ...

Nepal has postponed by four days the fifth round of parliamentary vote for a new Prime Minister, amid indication that both Maoist chief Prachanda and his rival R.C Poudyal do not have a majority support in the 601-member House. A meeting between the Constituent Assembly chairman Subash Chandra ...

KARACHI (Reuters) - The stocks closed down on Thursday in thin trading as investors awaited the announcement of the August and September monetary policy, due to be unveiled on Friday, dealers said. The KSEs benchmark 100-share index, fell 0.09 percent, or 9.01 points, to end at 10,427.28 points. ...

BRUSSELS (AFP) - Europe began the year with weak economic growth, even before a string of governments launched tough budget cutbacks which some experts warn could crimp recovery from the downturn. EU official data on Wednesday stood by a previous estimate that output by the debt-laden eurozone grew ...

Oil prices fell below $72 a barrel Tuesday in Asia on investor concern global economic growth could slow in the second half and drag demand for crude down with it. Benchmark crude for August delivery was down 35 cents to $71.79 a barrel at midday Singapore time in electronic trading on the New York ...

MELBOURNE (AFP) - Chinas leader-in-waiting Xi Jinping began a five-day tour of Australia Saturday, with Beijing seeking assurances over a proposed 40 percent tax on mining industry profits. Xi, widely tipped to succeed President Hu Jintao in 2013, arrived in Melbourne Saturday afternoon, the last ...

BRUSSELS (AFP) - Europe clamped down on excessive state borrowing and laid foundations for cross-border economic government on Thursday, as leaders kept a fearful eye on gathering dark clouds over Spain. They used a European Union summit to widen their focus from public overspends and also target ...

ISLAMABAD The Upper House of the Parliament amid dissenting voices of the Treasury and Opposition members passed the Alternative Energy Development Board Bill, 2010 for the establishment of Alternate Energy Development Board (AEDB). Senator Raza Rabbani stunned the members of the House when he ...