LONDON - Global oil prices fell on Thursday after the International Energy Agency trimmed its forecast for world energy demand growth.Brent North Sea crude for delivery in May dipped 43 cents to $105.36 per barrel in afternoon deals in London. New York’s main contract, West Texas Intermediate ...

KARACHI - Countrys current account deficit dropped to $635 million during the first month (July) of current financial year 2010-11, compared with $645 million in the same period last year. The growth in CAD registered at 4.0 per cent negative in July over 4.4 per cent during equivalent month of ...

KARACHI - The Securities and Exchange Commission of Pakistan has lowered the mandatory offer size from 90 percent of the voting shares of the Target Company to 62.5 percent by making amendments to the Listed Companies Regulations, 2008. According to a statement issued here on Wednesday, the SECP ...

KARACHI - The State Bank of Pakistan cut gross domestic product (GDP) growth forecast for the 2008/09 fiscal year to 2.5-3.5 per cent from an earlier target of 3.5-4.5 per cent. The original target was 5.5 per cent. The economy is likely to expand between 2.5 per cent to 3.5 per cent, the State ...