ISLAMABAD - Pakistan's foreign exchange reserves have recorded at $11.764 billion on April 26 2013.According to the details, country's foreign exchange reserves have declined by $164 million in one week, as it recorded to $11.764 billion on April 26 2013 from $11.938 billion on 19th April 2013. ...

KARACHI : All Sindh Sarafa Association recorded a Rs 3000 drop in gold prices per tola on Monday, bringing the price of gold to Rs 53,500 per tola. This is the biggest ever fall in gold prices to be recorded in one day. The price of gold in the international markets is also facing a two year low, ...

ISLAMABAD – Consecutive declining trends have been witnessed in the CPI based inflation during the first half of the current fiscal year, as year-on-year inflation rate dropped from 11.3 per cent in June 2012 to 7.9pc in December 2012.The analysis of the data of PBS reveals that the inflation ...

LAHORE - President Asif Ali Zardari is scheduled to address a joint session of parliament on Saturday (March 17), a constitutional formality with which will start fifth and the last parliamentary year of the present bicameral legislature.In his speech, the president is expected to highlight the ...

LAHORE – The cement exports, which provided some relief to the industry in past few years, have declined rapidly during the first eight months (July 2011 to Feb 2012) of current fiscal year. During this period, the decline in exports was 5.57 per cent, declining to 5.62 million tons from 5.95 ...

WASHINGTON  - Across southern Florida, rabbits, raccoons, bobcats and foxes have been disappearing at dramatic rates over the past decade, and invasive Burmese pythons are to blame, a US study said Monday.The big snakes which are native to southeast Asia have been devouring all kinds of ...

Portents of declining US and Western prestige marked the closing months of 2011. There is of course the ongoing economic crisis, and the inability to respond to it effectively. But another sign was the rapidity with which Iraqi Prime Minister Nouri al-Maliki moved to consolidate his power on a ...

CHARLES M. BLOW Is America exceptional among nations? Are we, as a country and a people and a culture, set apart and better than others? Are we, indeed, the shining city upon a hill that Ronald Reagan described? Are we chosen by God and commissioned by history to be a model to the world as George W ...

LONDON (Reuters) - The euro zones debt crisis might already have pushed the blocs economy back into recession, according to business surveys that showed Chinas economy taking a stride forward in October. Purchasing managers indexes (PMIs) on Monday only served to underscore why Europes leaders are ...

"At what point do we decide that a political system has become decadent?" asks Washington Post columnist E.J. Dionne. For Dionne, America lost its last shreds of dignity and restraint a la ancient Rome during the media "circus" over Rep. Anthony Weiner's (D-N.Y.) sex scandal. Others believe our ...

Somewhere in a cave, in Pakistan or Afghanistan or wherever, a tall, skeletal man with a long stick and dodgy kidneys must have been laughing on Monday. No one has a clue where Osama bin Laden is, or even if he is at all. We hear little from or about him these days, apart for the odd report of a ...

NAIROBI (AFP) Two years ago Kenyan track star Pamela Jelimo was a source of national pride: Her sudden rise to fame and riches earned her a private audience with President Mwai Kibaki and Prime Minister Raila Odinga. However, the 800m Olympic champion and world junior records sudden downward slide ...

KARACHI - The agriculturists have predicted that the production of major crops including cotton, rice and sugarcane of Kharif season might decline to 50 per due to anticipated shortage of Urea fertilizer owing to gas curtailment to fertilizer companies. President Sindh Chamber of Agriculture Dr ...

KARACHI - The total public sector borrowings of the federal government from the banking system considerably dropped by Rs76.1 billion during July-November 2009. Similarly, banks credit to the non-government sector including private & public sectors and other financial institutions decreased by Rs44 ...

ISLAMABAD (APP) - Imports of palm oil into the country decreased by 32.99 percent during the first three months of current financial year as against the imports recorded during the corresponding period of last year. Palm oil imports were recorded at US$.253.373 million during July-September, ...

KARACHI - The YoY growth in the private sector credit off-take by the scheduled banks witnessed a massive decline of 95.58 per cent during FY09 while credit to public sectors enterprises (PSEs) depicted a significant growth of 78.28 per cent during the same year. According to SBP monetary ...

KARACHI - The countrys cutlery exports declined to $90 million in 2008-09 against $130 million last year owing to the power and gas load-shedding and high petroleum products prices, The Nation learnt. It was learnt that the export of Pakistani cutlery sector, like other sectors, has been ...

KARACHI - The Sindhs share in national population has declined to 22.92 per cent during the last year. It was claimed in Pakistan Economic Survey 2008-09 released by the Finance Ministry. The survey, while quoting the province wise demographic estimates 2008 of Planning and Development Division, ...

LAHORE - The Lahore Chamber of Commerce and Industry, while expressing a grave concern over sharp decline in manufacturing sector growth, has urged the government to take immediate and urgent measures to stabilize the economy. In a statement issued here Thursday soon after the issuance of Economic ...

KARACHI - Japanese Consul General Akinori Wada has said that the cordial ties between Japan and Pakistan have been strengthening since diplomatic relations established in April 1952. During the last five decades Japan has been one of the major trade partners of Pakistan. He was addressing the ...

LAHORE - The Pakistan Economy Watch (PEW) has expressed concern over increasing remittances saying it may not be a very good sign for economy. The figures of State Bank of Pakistan claim an increase of 19 per cent in remittances in the ten months of current fiscal over the corresponding period. ...

ISLAMABAD-The feeling of heart burning between Pakistan Muslim League-N (PML-N) and Pakistan People's Party caused due to the imposition of the Governor's Rule in Punjab following the disqualification of Sharif brothers by the apex court is on the decline. Moreover, the forthcoming luncheon meeting ...

LAHORE - Askari Bank Limited (AKBL) is scheduled to announce its CY08 results on Saturday and it is being expected the bank to post Profit after Tax (PAT) of Rs0.69 billion translating into an EPS of Rs1.69 in CY08 against Rs2.68 billion [EPS Rs6.61] in the last year, showing a decline of 74.34 per ...

KARACHI - A majority of the foreign companies engaged in various businesses in Pakistan have reported decline in the repatriation of profit and dividend in the second half of the last calendar year. From July-December 2008 the foreign companies had repatriated 445 million dollars worth profit and ...

The value of rupee against dollar in the inter-bank market was seen on the decline at the onset of the new business week here. Forex dealers said that the value of rupee in the inter-bank depreciated by paisa 5 and, thereby, dollar is being bought at 79.23 and sold at Rs79.25.

KARACHI - Having the largest share in local consumer durables industry and being a main component of large scale manufacturing sector, the growth in cars and jeep production showed a steep decline of 47.2 per cent during July-September 2008-09 due to energy constraints, high input cost of auto ...

DURING this year's baseball playoffs, Chicago White Sox outfielder Ken Griffey Jr., 38, threw a picture-perfect strike from center field to home plate to stop an opposing player from scoring. The White Sox ultimately won the game by a single run and clinched the division title. Had Griffey been ...

BARCELONA (AFP) - Half the world's mammals are declining in population and more than a third probably face extinction, said an update Monday of the "Red List," the most respected inventory of biodiversity. A comprehensive survey of mammals included in the annual report by the International Union ...

The foreign exchange reserves of the country slid below 9 billion dollars to 8.937 billion, showing a decline of 216.9 million dollars during the week ended on September 13, according to State Bank of Pakistan. The break up of the reserves is as follows: SBP holds 5.52 billion dollars while 3.38 ...

KARACHI - A huge decline of over 6 million tons is being estimated in the sugarcane production of current season of FY2008-09 in Sindh province. According to agriculture experts, the total sugarcane production is likely to be achieved at around 11 million tons from cultivated area of 0.4 million ...