BRUSSELS - Industrial output in the 17-nation eurozone jumped a surprisingly strong 1.0pc in March compared with February when it rose 0.3pc, official data showed Tuesday.In the 27-member EU, industrial production was up 0.9 percent in March, again compared with 0.3 percent the previous month, the ...

Berlin - German industrial output saw a surprisingly robust rise in March driven by a sharp increase in the energy sector, official data showed Wednesday.Industrial production in Europe’s largest economy rose by 1.2 percent in March compared with the previous month, according to provisional ...

islamabad - Pakistan’s economy continued to underperformed when compared with other economies of the region as it has faced significant political, economic and constitutional challenges over the past five years.According to the World Bank report, there was no improvement in the security ...

DUBAI/DOHA (Reuters) - Gulf Arab OPEC oil producers do not see the need to change production levels to support crude prices, OPEC delegates said after benchmark Brent touched nine-month lows on Friday.A sell-off in commodities saw Brent contracts fall from around $106 a barrel on Wednesday to lows ...

LAHORE – The cement manufacturers, country’s first and most effective cartel, keep production low intentionally to create shortage in the country, paving way to hike rates at their will. To keep cement price high, this cartel has constituted a team to visit all cement plants across the ...

ISLAMABAD  - Production of various light automobiles increased by over 10 per cent during the first four months of the current fiscal year as against the same period of last year. The production of jeeps and cars during July-October (2011-12) increased by 11.97 percent as compared to ...

PHOOL NAGAR – The local farming community has expressed concern over non-availability of adequate and cheap fertilisers, pesticides and quality seeds.Former District Nazim Kasur Rana Imtiaz Ahmad Khan said that the farmers had been facing hardship due to non-availability of adequate and cheap ...

ISLAMABAD (Reuters) The millers are seeking permission from the government to export up to 500,000 tonnes of refined sugar as they are expecting bumper production, the countrys top sugar body said on Friday. Pakistans annual sugar consumption is about 4.2 million tonnes, and export of the ...

ISLAMABAD (PPI) - To meet the future challenges and demand, Fauji Cement Company Limited has installed country's biggest single unit plant to enhance production capacity by almost 200 per cent. FFCL, the No 1 company by capacity utilization of 90.67 per cent against an overall average of 71.65, ...

ISLAMABAD The governments presented figures regarding cotton production this year are wrong as the original production did not cross 10 million bales against the claimed of 11.55 million bales. Ibrahim Mughal, President of Agri Forum Pakistan while talking to TheNation said that international ...

Lahore Speakers have called for tangible steps to resolve the issues of fast emerging pollution problems and plastic disposal. Speaking at a seminar on Oxo-biodegradable Plastic Technology and Global Warming here at Lahore Chamber of Commerce & Industry on Thursday, the LCCI President Shahzad Ali ...

ISLAMABAD (Reuters) - Pakistan is estimated to have produced 4.1 million tonnes of sugar from the 2010/11 crop, industry officials said on Wednesday, adding there was no need to import the sweetener this year, given ample stocks. The new estimate is up nearly 400,000 tonnes from the previous ...

BEIJING (Reuters) - China's gold output hit a record 340.88 tonnes in 2010, up 8.57 percent from the previous year, the Xinhua news agency said on Sunday, citing data from the China Gold Association. The figure confirmed an earlier forecast by the Ministry of Industry and Information Technology ...

KUWAIT (Reuters) - Speculation could push oil prices to rise to $110 per barrel within a few weeks, which may prompt Organisation of the Petroleum Exporting Countries (OPEC) to raise production, a member of Kuwait's Supreme Petroleum Council (SPC) said on Sunday. "Demand will increase slightly, but ...

MUMBAI (AFP) - Indias industrial output grew a better than expected 17.6 percent year on year in April, data showed Friday, adding pressure on the central bank to raise interest rates again to tame inflation. Indias growth in recent months has been led by manufacturing and services as consumer ...

ISLAMABAD (APP) - Pakistans cotton production this year is likely to miss the 13.36 million bales target by about half a million bales, however it is still 0.9 million bales more than 11.8 million bales produced last year. According to the International Cotton Advisory Committee (ICAC), world ...

BRUSSELS (AFP) - Private sector business activity in the 16-nation eurozone grew in October at its fastest rate since 2007, with France leading the way, a survey showed Wednesday. The purchasing managers index (PMI) for the 16 countries using the single currency, compiled by data and research group ...

KARACHI - The below capacity operations by Independent Power Producers (IPPs) due to mounting circular debt, postponement of oil import orders amid declining crude oil prices and obstacle in confirmation of LCs for oil import in the wake of liquidity crunch, resulted in POL production decline of ...

VIENNA (AFP) - The OPEC oil cartel readied Saturday for an oil output meeting amid hints from hardline members Iran and Venezuela that they may seek another production cut to boost weak crude prices. OPEC, whose 12 member states hold a regular output meeting here on Sunday, also faced renewed calls ...

ORAN, Algeria (AFP) - OPEC will announce a cut in its oil production of about two million barrels a day, Saudi Oil Minister Ali al-Nuaimi said here Tuesday. "There will be a cut of about two million barrels," he said on arriving here for an OPEC ministerial meeting on Wednesday. "Supply is still ...

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 ...

OPEC, the cartel pumping 40 percent of world oil, is this week set to announce plans to slash output in the hope of lifting crude prices weighed down by a recession-fuelled slide in energy demand. The Organization of Petroleum Exporting Countries on Wednesday convenes in the Mediterranean port city ...

CAIRO (AFP) - Opec is set to leave until December a decision on whether to cut oil output, despite prices plunging in the face of a global economic downturn, ministers said on Saturday. Ali al-Nuaimi, oil minister of cartel kingpin Saudi Arabia, said ahead of a consultative meeting in Cairo that a ...

LONDON (AFP) - Oil prices sank this week to three-and-a-half-year lows close to 50 dollars a barrel, prompting the OPEC exporters' cartel to call an emergency meeting to discuss a mooted output cut. Commodity markets took a heavy knock as recession swept across the world's advanced economies, ...

LONDON (AFP) - Oil prices fell on Friday, a day after slumping close to 50 dollars, despite growing expectations the OPEC crude exporters' cartel could cut output again later this month, traders said. Brent North Sea crude for January fell 54 cents to $55.70 on London's InterContinental Exchange ...

LONDON (AFP) - Oil prices dipped Tuesday close to 17-month lows, erasing earlier gains despite a warning that the OPEC producers cartel could slash output further in a bid to shore up the market. Prices had tumbled Monday on widespread concern that a global economic slowdown would significantly ...

KARACHI - The output of rice had exceeded the target while the production of other major crops cotton and sugarcane missed the target in last Kharif season of financial year 2007-08, official sources told The Nation on Wednesday. These statistics of targets and achievements of Kharif crops of ...

KARACHI - The exporters of rice and the growers are giving different estimates of the production of rice in this fiscal. The exporters are claiming rice output beyond 7 million tons in this fiscal, while the farmers in Sindh are predicting less than 5 million tons crop due to water shortage. The ...

BEIJING - China's industrial output growth slowed to a 17-month low in July as weakening exports hit factory production across the nation, official figures showed Thursday. The slowdown might also reflect the government's decision to reduce industrial activity in and around Beijing to try ...

UNITED NATIONS  - UN chief Ban Ki-moon on Friday called for a sharp hike in world farm output, warning that high food and fuel prices threatened much of the progress made in reaching global poverty-reduction targets. Addressing a day-long debate of the UN General Assembly on the global food ...