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News for Thursday, 31 May 2012

Bears hug the daylight out of KSE

Stocks closed bearish amid thin trades on investor concerns over unstable macroeconomic situation and falling rupee dollar parity following statement by SBP chief on economic challenges. Viewed by Ahsan Mehanti,...

China wants to make hay while the sun shines

Pakistan and China have discussed investment opportunities in energy sector and various proposals for “on grid” and “off grid” solar energy solution. A five member Chinese delegation of Suntech...

Expecting Louis Vuitton from a shoestring budget?

Shehzad Salim Central Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) said the Ministry of Textile Industry had requested a budgetary allocation of Rs 42 billion for the next...

Oh Mon Dieu!

Hollande wants to shift Europe's strategy towards growth and ease the pace of German-led austerity some economists blame for suffocating national economies, but France's ability to meet its goals is...

Magnificent seven

The Pakistan International Airline (PIA) has carried out reorganization of its departments for better coordination, smooth functioning and efficient operations. The total number of departments has been reduced from 12 to...

EU throws Spain two potential lifelines

Spanish government borrowing costs lurched higher and the Madrid stock market hit a nine-year low with investors rattled by the parlous state of its banking sector fleeing to the relative...

I know what you did last summer

The Economic Survey of Pakistan for the outgoing year 2011-12 will be launched here on May 31 (Thursday). Federal Minister for Finance Dr. Abdul Hafeez Shaikh will launch the pre-budget...

Ufone inter-media cricket tournament kicks off

Daily Asas, News Mart, Jang, Waqt TV, Bureaus XI and Sindi Media XI thrash their opponents on the opening day of Ufone Inter-Media Cricket tournament at MNA Hostel Cricket Ground...

Power protest firing injures two

Known as the textile hub of Pakistan, the city once again on Thursday witnessed protest demonstration against protracted spans of power outages. The demonstrators went on rampage on several places and...

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