lahore - After punching in a solid 49 per cent return in 2012, Pakistan equities sailed through high tides while sustaining new peaks till April 2013, experts said. According to AHL analysts, in April 2013 alone, KSE100 yielded a cracking 5.2 per cent return while mustering up a massive 12.3 per ...

JOHANNESBURG: More than a quarter of South African workers are now out of work, official statistics showed on Monday. Statistics SA said that 4.6m South Africans were unemployed in the first quarter of the year, 25.2pc of the eligible population. Broader statistics paint an even bleaker picture of ...

KARACHI (PR): The Board of Management of Pakistan State Oil (PSO) reviewed the company’s performance for the first nine months of FY13 from July, 2012 to March, 2013. The meeting was chaired by Ahsan Bashir and members in attendance were Dr. Mirza Ikhtiar Baig. Mohammad Naeem Malik, Mr. Malik ...

ISLAMABAD : The Sensitive Price Indicator (SPI) for the week ended on May 2, for the lowest income group up to Rs 8,000, decreased by 0.19 per cent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 185.40 points against 185.76 points ...

ISLAMABAD - Consumer Price Index (CPI) inflation fell to 5.8 per cent in April 2013 over the corresponding period of previous year, marking a new low since 2007.Inflation based on CPI was registered at 5.8 per cent in April 2013 over the corresponding period of previous year, revealed the figures ...

ISLAMABAD :-The SPI for the week ended on April 18, for the lowest income group up to Rs.8,000, decreased by 0.54 per cent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 185.78 points against 186.79 points registered in the previous ...

ISLAMABAD : Exports of fish and fish preparations witnessed increase of 2.48 per cent during the first eight months of the current fiscal year as compared to the corresponding period of last year. Overall exports of fish and fish preparations were recorded at $199.949 million during July-February ...

PESHAWAR - The Free and Fair Election Network (FAFEN)  Constituency Long-Term Observers (CLTOs) observed 216 National Assembly constituencies during the March and found out that women  constituted only 3.94 per cent of the 4,108 candidates who had submitted nomination papers for 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 ...

KARACHI - Excessive increase in the prices of life-saving and other drugs echoed in the Sindh Assembly on Friday. Expressing grave concern over and condemning the exorbitant increase ranging between 80 to 100 percent in the prices of life saving and others drugs, Sindh Minister for Health Dr Saghir ...

ISLAMABAD  – About 13,615,327 cotton bales have arrived in the local markets by the start of current month, showing an increased of 22.61 percent as compared to the last year.The cotton arrival during the same month of last year was recorded at 11,104,511 bales, an official in the ...

LAHORE – Cash-strapped Pakistan Railways (PR) in order to overcome its financial crisis has decided to increase passenger trains fares by 10 to 20 per cent, The Nation learnt on Wednesday. Sources said that notification in this regard would be issued within two to three days.The Railways ...

KUALA LUMPUR (INP) - Pakistan’s High Commissioner to Malaysia Masood Khalid has described 2011 as a significant year in bilateral relations between Pakistan and Malaysia.In an interview with state-owned Malaysian news agency Bernama, the High Commissioner said two-way trade between Pakistan ...

ISLAMABAD (APP) - The exports of services sector grew by 10.60 per cent during the first four months of current fiscal year as against the same period of last year. Overall services exports were recorded at $1,649 million during the period July-October, 2011 against the exports of $1,491 million ...

ISLAMABAD - Khawaja Yousuf, Chief Executive Officer (CEO) of National Productivity Organisation (NPO), on Thursday said that productivity ranking of Pakistan has reached 17.72 per cent due to continuous hard struggle of NPO. Two days International Productivity Congress 2011 has been started here ...

It is amazing how the one per cent epithet, a reference to the top one per cent of earners, has caught on in the United States and elsewhere in the developed world. In the US, this one per cent includes all those with a 2006 household income of at least $386,000. In the popular narrative, the one ...

LAHORE - Out of 1.5 million tyres trucks and busses total consumption, 50 percent tyres reach in the country through smuggling, industry sources told The Nation on Friday. They revealed that busses and trucks annual consumption in the country is 1.5 million tyres, out of which almost 50 percent is ...

LAHORE As bilateral relations are being improved the cement export to India has been showing an increase of 53.8 per cent to reach 0.16 million tons in the 1QFY12. That is why the two major cement plants, which are in close proximity to the sea port, earned a profit of Rs5.98 billion. However, it ...

ISLAMABAD (APP) The import of mobile phone in the country has registered increase of 13.79 percent during the month of August, as compared to the previous month of July, 2011. The import of the commodity in the country stood at $56.04 million during August 2011 whereas its import in July, 2011 ...

ISLAMABAD (APP) The export of food commodities from the country during the first two months of current financial year registered an increase of 33.53 per cent as against the export of same period last year. During the period from July to August 2011, country earned $ 670.4 million by exporting ...

LAHORE - Fertilizer sector is facing horrible gas shortage which is resulting in production losses as the sector has produced 6.79 percent lower urea to 2.35m tons in 1HCY11 as against 2.52m tons produced same period last year. Urea off take were also seen down by 11.80 percent to 2.67m in 1HCY11 ...

ISLAMABAD - Small arms are the reason for 60 to 90 per cent deaths due to direct conflicts that occur each year. Approximately 90,000 people were killed every year while 1.5 million people were injured every year. Ismat Ullah Khan, Project Officer of SPADO, an NGO, supporting implementation of UN ...

RAPPER 50 Cent has sparked outrage by mocking Japans earthquake and tsunami victims on Twitter. As the death toll continues to climb from the devastating 8.9 earthquake, the singer took to his Twitter account to comment on the catastrophe. Look this is very serious people I had to evacuate all my ...

KARACHI - The Abu Dhabi Group has divested 20 per cent of the issued and outstanding ordinary shares in the United Bank Limited. The divestment proceeds are subject to all regulatory approvals, UBL said in a notification issued here on Wednesday. In a notice, dispatched to Karachi Stock Exchange, ...

KARACHI - Against the revised SBP target of 13.5 - 14.5 percent, the average inflation for the current financial year 2010-11 is expected to increase by 2 percentage points to 16.5 per cent in the wake of reformed General Sales Tax (GST) coming in, according to an economic expert. The economy seems ...

THE Indian Air Force on Monday said that 50 per cent of its systems and equipment were obsolete and steps were being taken to bring down the obsolescence levels in the next four to five years. The obsolescence percentage is 50pc, Air Chief Marshal PV Naik said in New Delhi, adding that by 2014-15, ...

KARACHI (Reuters) - Pakistans consumer price index (CPI), the key indicator of inflation, likely rose by 12.34 percent year-on-year in July, a slower rise than in June, thanks to a high base affect, according to a Reuters poll. July consumer prices were seen rising 12.34 percent from a year ...

NEW YORK (AFP) - US banking giant JPMorgan Chase on Thursday announced a net profit of 4.8 billion dollars in the second quarter, up nearly 80 percent from the same period last year. Reporting solid performance across most business areas, the New York-based banks profits included 1.5 billion ...

KARACHI - The four-wheeler sales growth substantially surged by 43 per cent to 140,307 units during FY10 compared to 98,241 in the same period last year. In the single month of June this year total 16,663 units of automobiles were sold, indicating a sharp growth of 25 per cent MoM. This growth is ...

KARACHI - Banking Mohtasib Pakistan has said that it has decided 91.6 per cent of the total complaints during the last eight months. Addressing a press conference on Thursday, Banking Muhtasib Pakistan, Mansur-ur- Rehman informed that the office of Banking Muhtasib remained vacant for a full year ...