High 14 oC - Low 7 oC

News for Friday, 14 Sep 2012

Forex improves to $ 14.828b

The foreign exchange reserves of the country have increased by $ 26 million to $ 14.828 billion on September 7, 2012. According to State Bank of Pakistan here on Thursday,...

Oil prices rise in Asian trade

Oil prices rose in Asian trade Thursday as tensions sparked by the killing of the US ambassador to Libya and a German court ruling on a eurozone bailout fund helped...

Bulls lift ISE-10 up 23 points

Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bullish trend as the index was up by 23.28 points to close at 3110.26 as compared to the previous day’s trading. Stock...

Balance of trade gap widens

The country’s trade deficit widened by 10.53 percent from USD $1.605 billion in August to $1.774 billion in July, 2012. The trade deficit during August 2012, against the same...

Even things out!

A new U.N. report advocates that governments use fiscal and labour market policies to reduce income inequality, maintaining that this not only leads to social benefits but will spur economic...

US stocks rally after new Fed easing program

As part of its new round of quantitative easing, the Fed said it would buy $40 billion of mortgage debt per month and would keep interest rates exceptionally low until...

FBR digs out promising numbers despite turmoil

Despite the severe shocks Federal Board of Revenue (FBR) has been able to collect Rs. 1883 billion during 2011-12 by attaining a growth of 20.9 percent. “It is encouraging...

Apple goes big screen with iPhone 5

Apple on Wednesday introduced the iPhone 5, with a bigger screen and slimmer body that analysts quickly branded a sure hit for the culture-changing tech giant. Apple chief executive Tim Cook...

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