No CNG for over 1000 CC vehicles No CNG for over 1000 CC vehicles
ISLAMABAD: The caretaker government Tuesday banned filling of CNG in above 1000CC vehicles, imposing fine from Rs50,000 to Rs 10,0000. The caretaker prime minister approved the summery of the federal petroleum ministry. The violator would be fined Rs 50,000 for first time violation of the ban, while the fine would be increased to  Rs 10,0000 and on third violation the CNG station would be closed for six months. Meanwhile, All..
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China seriously considers trade imbalance with Pakistan: Li China seriously considers trade imbalance with Pakistan: Li
ISLAMABAD: Chinese Premier Li Kiqiang has said that China takes its trade imbalance with Pakistan seriously and is taking measures to address the issue as there is great potential to be tapped in their economic cooperation. He said Pakistan’s export to China last year increased by nearly 50 percent. China is Pakistan’s second largest trading partner and fourth largest export market. Steady progress has been made in their..
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Yahoo Japan suspects 22 million IDs stolenYahoo Japan suspects 22 million IDs stolen
TOKYO: Yahoo Japan Corp. has said it suspects up to 22 million user IDs may have been stolen during an unauthorised attempt to access the administrative system of its Yahoo! Japan portal. "We don't know if the file (of 22 million user IDs) was leaked or not, but we can't deny the possibility given the volume of traffic between our server and external" terminals, the company said in a statement late Friday. The information..
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Pakistan approves 100,000 tonnes of wheat for Iran to pay for powerPakistan approves 100,000 tonnes of wheat for Iran to pay for power
ISLAMABAD: Pakistan has authorised the export of 100,000 tonnes of wheat to Iran in trade not jeopardised by Western sanctions, to settle dues for electricity supplied to the country’s energy-starved border areas, the Commerce Ministry said on Friday. The shipment of 100,000 tonnes was to have been delivered to Iran in mid-February but was delayed by preparations for Pakistan’s May 11 election. “The wheat is being..
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Oil down in Asia as poor US economic data weighOil down in Asia as poor US economic data weigh
SINGAPORE: Oil prices eased in Asia on Friday as poor housing and employment data from the United States sparked concerns of weaker crude demand in the world's biggest economy, analysts said. New York's main contract, light sweet crude for delivery in June, dropped 14 cents to $95.02 a barrel and Brent North Sea crude for July delivery shed 15 cents to $103.63 in mid-morning trade. "The market has taken fright at those worse-than-expected..
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Pakistani stocks close lower as 11-day rally endsPakistani stocks close lower as 11-day rally ends
KARACHI: Pakistan's stocks closed lower on profit-taking on Thursday after 11 consecutive rising sessions, as investors decided not to push their luck too far. The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.73 percent, or 150.09 points, lower at 20,416.60. Muslim Commercial Bank Ltd and Oil and Gas Development Company Ltd saw some correction after rallying for several days. Muslim Commercial fell 4.68 percent..
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Pakistan stocks close higher, rupee weakensPakistan stocks close higher, rupee weakens
  KARACHI: Pakistan’s stocks closed higher on Wednesday after two days of volatile post election buying and selling. The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.45 percent, or 92.07 points, higher at 20,566.69 points. Local investors booked profit in stocks from Oil and Gas Development Co. Ltd and Pakistan Petroleum Ltd. Muslim Commercial Bank, a favorite with foreign investors, again closed..
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Oil rebounds in Asian tradeOil rebounds in Asian trade
  SINGAPORE: Oil rebounded from recent falls in Asian trade Wednesday after upbeat US data boosted confidence in the world's largest economy, analysts said. New York's main contract, light sweet crude for delivery in June gained 14 cents to $94.35 a barrel and Brent North Sea crude for June delivery added six cents to $102.66 in mid-morning trade. -- Agencies ..
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Tokyo stocks open up 1.38 percentTokyo stocks open up 1.38 percent
  TOKYO: Tokyo stocks opened 1.38 percent higher on Wednesday after record-setting gains on Wall street and the dollar's surge through the 102-yen level. The benchmark Nikkei 225 index was up 203.92 points to 14,962.34 at the start. "Renewed yen weakening should help Japan stocks to set fresh year highs, helped by fresh investor fund flows and faith in an accelerating global economy," said SMBC Nikko Securities..
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Pakistani stocks skyrocket to new record highs Pakistani stocks skyrocket to new record highs
KARACHI: Pakistan’s stocks closed higher on Tuesday, with unending foreign buying causing the index to improve further by 1 percent. This month, the market has already gained 9 per cent amid expectations that economic activity will be revived once the new Pakistan Muslim League – Nawaz (PML-N) government, perceived to be pro-business, takes charge, dealers said. The Karachi Stock Exchange’s (KSE) benchmark 100-share..
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Pakistan trade deficit to $16.518 bln in July-April FY12/13Pakistan trade deficit to $16.518 bln in July-April FY12/13
KARACHI: Pakistan’s trade deficit fell by 6.75 per cent for the first 10 months of the fiscal year 2012/13. Pakistan’s trade deficit for the first 10 months of the fiscal year 2012/13 (July-April) to $16.518 billion, compared with a deficit of $17.713 billion for the same period last year, the Pakistan Bureau of Statistics said. Exports rose to $20.147 billion in (July-April) from $19.329 billion and imports to $36.665..
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KSE rises to record highKSE rises to record high
 KARACHI: Karachi Stock Exchange (KSE) rose to a record high on Monday after reports that Pakistan Muslim League N was taking a clear lead to form government in Islamabad.   The benchmark KSE 100 Index gained 1.6 percent, the most since March 12, to 20,229 as of 9:49 a.m. Karachi time, taking its rally this year to 19 percent.    The KSE 100 Index surged this year as higher commodity prices and consumer spending..
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