Sugar prices surge 80pc in one year
KARACHI: Sugar prices have risen to Rs42 to Rs45 per kg in the retail market, an 80 per cent increase compared to Rs25 per kg in January last year. Th
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UN to implement health, population plan
IslamabadWith a budgetary outlay of US $384.7 million, 14 agencies of the United Nations system operating in Pakistan combined their strengths
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Punjab to supply wheat to mills at high price
ISLAMABAD: The Punjab government has decided to increase wheat issue price, the rate at which wheat is supplied to mills, in two phases in a bid to br
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Pakistan, Afghanistan and the U.S. to Begin Talks (Newsweek)
The veteran diplomat convenes a ‘trilateral meeting’ between Pakistan, Afghanistan and America.
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Punjab P&D dept to monitor infrastructure schemes
LAHORE: Punjab sugarcane commissioner office has officially included the provincial Planning and Development department to monitor infrastructure deve
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U.S. envoy calls Pakistan’s Zardari over Swat deal (Reuters via Yahoo! News)
The special U.S. envoy to Afghanistan and Pakistan said he called Pakistan’s President Asif Ali Zardari on Thursday and expressed U.S. concern over a deal with Islamists in the Swat valley region.
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Journalist laid to rest amid touching scenes
PESHAWAR: The slain journalist and correspondent for The News and Geo TV in Mingora, Musa Khankhel, was laid to rest in his ancestral graveyard on Thu
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KSE-100 Index crosses 6,000 points
KARACHI: The 100-index after more than a month has crossed the psychological barrier of 6,000 points here at the Karachi Stock Exchange on Thursday.Today, the market started with an increase of 38 points and index soon crossed the 6,000-point limit after buying in the sectors of oil and gas, fertilizers, cement and banking. In April last year, the KSE index-100 was seen at the highest level of 15,676 points after which the index began falling heavily due to pathetic economic and law and order situation in the country.On August 27, 2008, the regulators imposed floor at the level of 9,143 points in the KSE 100-index.After lifting the floor on December 15, 2008, the market once again gone in recession and the KSE index-100 falling from the level of 9,000 points went even below the level of 5,000 points.After a record fall of Rs3,000 billion in the shares of the companies registered at the KSE, a support fund of Rs20 billion was introduced to help the market, which provided a positive trend to the market.
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Cleric holds peace talks with Pakistan Taliban (AP via Yahoo! News)
A hard-line cleric sought Thursday to persuade the Taliban to disarm under a pact with Pakistan’s government aimed at restoring peace after an 18-month campaign of terror and battles with the army.
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Dawood Hercules announces cash dividend
KARACHI: Dawood Hercules Thursday announced a cash dividend of Rs1.5 per share. According to financial result released by Karachi Stock Exchange, the company posted a net profit of Rs3.6 billion during the year ended December 31, 2008. The earning per share was recorded at Rs28.Dawood Hercules registered a profit of Rs10.13 billion last year while its earning per share stood at Rs92.63.
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