News & Blogs from Pakistan
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Stocks end lower; rupee weakens; o/n rates flat
Jun 29th
KARACHI: Pakistani stocks ended lower on Tuesday on fears of growing violence in the country”s financial hub Karachi, following the Muttahida Qaumi Movement”s (MQM) decision to quit the ruling coalition, dealers said.
The Karachi Stock Exchange”s b…
Food sector circular debts surge to Rs290b
Jun 28th
ISLAMABAD: The volume of food sector circular debts in the country amounts to Rs290 billion.
Finance ministry sources told Geo News that the government guarantee in the food sector was of Rs90 billion. Sources said that Rs200 billion loans in food sec…
Euro rises in Asia on hopeful Greek news
Jun 28th
TOKYO: The euro firmed against major currencies in Asian trade Tuesday as investors were lifted by reports that officials were close to a deal on helping Greece avoid defaulting on its debt.
The single currency rose to $1.4318 in Tokyo early trade, up…
Nato oil tanker pilfered, blown up
Jun 28th
NOWSHERA: Nato oil tankers squad after pilfering oil blew it up with explosives near here, Geo News reported.
Police said that the Nato oil tankers squad last night stolen the oil, blew it up with an improvised explosive device and ran away. The t…
Crude rises on brighter Greek outlook, weaker dollar
Jun 28th
SINGAPORE: U.S. crude oil rose above $91a barrel on Tuesday as the euro rallied against the dollar on increasing confidence the Greek parliament will approve a fiscal austerity package.
FUNDAMENTALS
NYMEX crude for August climbed…
FTP for 2012-2020 finalised at ICC meeting
Jun 28th
HONG KONG: England and Australia will play 10 back-to-back Ashes Tests as part of the new future tours program agreed by cricket”s world governing body on Monday.
Andrew Strauss”s side face Australia at home in the English summer of 2013 and the…
KSE inches up by 9 points
Jun 28th
KARACHI: Pakistani stocks ended nearly flat on Monday as investors stayed on the sidelines following a fall in international markets and oil prices, dealers said.
Brent crude futures fell to around $104 a barrel on Monday ahead of a key vote in Greece…
CFY inflation over 14, power costlier 24 pc
Jun 27th
KARACHI: Whereas the inflation rate during the current fiscal year remained over 14 percent and electricity went costlier by 24 percent, the petroleum products prices also soared by 28-60 percent.
At the end of the last fiscal year, petrol was selling…
Euro sinks amid new jitters over sovereign debt
Jun 27th
TOKYO: The euro fell against the dollar and yen in Asia on Monday with Italy”s debt under the spotlight as continued worries about Greece shook confidence in the eurozone.
The euro bought $1.4118 in Tokyo morning trade, down from $1.4195 in New York …
Asian stocks down as European debt fears rise
Jun 27th
HONG KONG: Asian stock markets mostly fell on Monday as dealers worried that Greece”s debt problems were going to infect other parts of Europe.
Markets dropped after a warning at the back end of last week from Moody”s over Italian banks” creditwort…
