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E&P sector profit expected to go down by 6-7 per cent

KARACHI - The earnings of heavyweight energy, power and oil companies are expected to go down by 6 to 7 per cent during FY09 owing to slump in the Arab light price.The E&P sector companies - Oil and Gas Development Company Limited (OGDCL),

Expelled Palestinian family's tent tore down

JERUSALEM (AFP) - Israeli security forces on Wednesday tore down a tent in which a Jerusalem Palestinian family had been living since being evicted from their nearby house earlier this month.The tent housed Fawzia al Kurd and her ailing

Govt borrowings from banks to move down by next month

KARACHI - The government’s inflationary and budgetary-related borrowings from the domestic banking system (SBP and Scheduled banks) is likely to move down by the next month of current financial year in the back drop of monetary and