High 14 oC - Low 7 oC

News for Saturday, 4 Aug 2012

Deadly fire at Iran’s biggest petrochemical plant

A fire that broke out at Iran's biggest petrochemical plants killed at least one person and injured 15 others before it was put out, Iranian media reported on Saturday. The blaze...

Flood Forecasting Division says River Chenab likely to flood

The Flood Forecasting Division on Saturday has predicted that River Chenab will have high flooding at Marala and Khanki. It said that high flooding is expected at Marala from 11 am...

Policeman, protester killed in eastern Saudi clash

A Saudi policeman and a protester were killed in overnight clashes in the kingdom's oil-rich Shiite-populated Eastern Province, state news agency SPA reported on Saturday. "A security patrol came under heavy...

Euro stays weak in Asia after ECB disappointment

The euro stayed bearish against other currencies in Asia trade Friday after taking a hit from the European Central Bank's announcement of no immediate measures to fight the debt crisis....

Facebook shares dive as deadline for insider sales nears

Facebook shares crumbled again on Thursday, sending the once-feverishly sought-after name below $20 for the first time as investors scrambled to get out of the way of a potential share...

Typical bear comeback

The Karachi Stock Exchange’s (KSE) benchmark 100-share index on Friday fell by 0.37 percent the Pakistan Stocks closed lower on institutional profit-taking in the earnings announcements session at KSE amid...

Blast reported at Multan’s Hussain Agahi Chowk

A blast has been heard at Hussain Agahi Chowk Bazaar in Multan on Saturday morning. According to sources, a blast has been heard at Hussain Agahi Chowk Bazaar damaging near-by...

Takaful rules 2012, an opportunity for insurance under Shariah

Conventional insurance companies can open window operations of Takaful by taking benefit from Takaful rules 2012, announced by Securities and Exchange Commission of Pakistan (SECP). The Takaful industry will progress...

We need gas!

Pakistan Textile Exporters Association (PTEA) and the Pakistan Hosiery Manufacturers Association (PHMA) urged the government here on Friday to import gas to bridge the expected supply gap. This was demanded...

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