KARACHI: The gold rates in international trade have gone down by sixteen percent in last two days however Pakistan saw mere seven percent decline in gold rates here.Gold traded in London at US$852.50 per troy ounce, down from US$871.50 late Thursday.While, on the contrary to international trade, 10 gm gold rates went down to Rs. 20,528 from Rs. 22,150.Experts are of the view that local markets follow the hike in gold rates but remain aside as gold rates decline in International market.
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LONDON: The euro skidded lower against the dollar on Friday fears of a recession in the single currency area after Italy reported a contraction in the second quarter, dealers said. The euro fell to 1.5049 dollars in late European trade, down sharply from its level of 1.5321 dollars in New York late on Thursday. The dollar stood at 110.51 yen from 109.46 yen on Thursday. The Italian economy contracted in the second quarter, official data showed on Friday, adding to a deepening sense of gloom about the eurozone economy amid a flurry of bad news for the 15-nation bloc. Italy is the first euro zone country to reveal figures for the second quarter and a 0.3-percent quarter-on-quarter contraction underlines fears that a severe slowdown, even a broad European recession, could be alarming. European Central Bank president Jean-Claude Trichet, announcing unchanged interest rates on Thursday, recognised evidence of weakening of the euro zone economy in comments, which sent the euro into a tailspin.
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LAHORETHE Punjab Assembly will again table a resolution against President Pervez Musharraf on Monday in which the provincial legislators would
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White House officials are reportedly urging the president to direct troops to be more aggressive in pursuing militants into Pakistan.
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ISLAMABAD: The Federal Bureau of Statistics (FBS) on Friday reported that the weekly Sensitive Price Indicator (SPI) based year-on-year inflation of 5
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ISLAMABAD: The government has appointed four advisors and a new member energy on the Planning Commission.The advisers include Dr. Ishfaq Ahmad
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Top Bush administration officials are urging the president to direct U.S. troops in Afghanistan to be more aggressive in pursuing militants into Pakistan on foot as part of a proposed radical shift in its regional counterterrorism strategy, The Associated Press has learned.
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LONDON: Crude prices continued their dizzying spiral down on Friday, shedding nearly four dollars to trade below $114 a barrel as the US currency stre
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BEIJING: Pakistan People’’s Party (PPP) Chairman Bilawal Bhutto Zardari met here on Friday with President of the Indian National Congress (INC) Sonia G
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LAHOREStudents and their parents have also expressed concerns over disparity in the admission schedules and prices of prospectuses, urging the
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