Tag: Falls
Oil drilling takes a hit, falls 32 percent
KARACHI - Drilling by the oil and gas exploration companies in Pakistan has slowed by 32 percent in the first half of the financial year 2011, despite government's focus to tap more indigenous energy resources.
A meagre 19 wells have been drilled as compared to 28 in the last corresponding period and the number is inclusive of both exploratory and development wells. This hampered drilling activity could reduce the much needed future of oil and gas production.
According to
A meagre 19 wells have been drilled as compared to 28 in the last corresponding period and the number is inclusive of both exploratory and development wells. This hampered drilling activity could reduce the much needed future of oil and gas production.
According to
Oil refinery output falls by 9 percent
KARACHI - Based on provisional data, the country's refinery production in the first six months of the Financial Year (FY) 2011 (July-December) stood at 3.79 million tonnes, down nine percent annually. Moreover, GRM, a key determinant of profitability, in the second quarter of FY 2011 remained weak in quarterly terms, reflecting a poor outlook for the sector earnings in the second quarter.
Product wise analysis reveals that the decline is mainly attributed to a seven percent fall
Product wise analysis reveals that the decline is mainly attributed to a seven percent fall
Helie and Sullivan hospitalised after falls
BORMIO - Canada's Pierre-Louis Helie and American Marco Sullivan have been taken to hospital in Innsbruck, Austria after falling in training for the downhill here, organisers said on Wednesday. Both skiers suffered concussion after tumbling during the second training run on Tuesday.
Helie was knocked momentarily unconscious and had to be immediately transported to hospital by helicopter, but Sullivan was able to pick himself up and ski to the bottom of the piste before being
Helie was knocked momentarily unconscious and had to be immediately transported to hospital by helicopter, but Sullivan was able to pick himself up and ski to the bottom of the piste before being
Mercury falls to zero in Islamabad
ISLAMABAD - Mercury dropped to zero centigrade in Islamabad, Peshawar and Muzaffarabad on Saturday, as the Metrological department forecast cold, dry and foggy weather in Punjab, Islamabad, Khyber Pukhtunkhwa, Kashmir and Gilgit Baltistan for few days.
A fresh cloud pattern is likely to affect southwest Balochistan and thereafter gradually extending to upper parts of the country from Sunday but cold and dry weather is expected in most parts of the country during the next few
A fresh cloud pattern is likely to affect southwest Balochistan and thereafter gradually extending to upper parts of the country from Sunday but cold and dry weather is expected in most parts of the country during the next few
Microfinance falls on hard times
LAHORE: Slow economic growth, double digit inflation, high unemployment rate and the high cost of production is not only hampering the growth of industry but also hitting the microfinance sector hard.
Official figures show that Pakistan's real GDP growth rate plummeted from six percent in the financial year (FY) 2005 to 2.7 percent (estimated) in FY10, productivity fell sharply and average annual inflation rose from 4.8 percent in FY05 to 14.2 percent in FY10. Economists believe
Official figures show that Pakistan's real GDP growth rate plummeted from six percent in the financial year (FY) 2005 to 2.7 percent (estimated) in FY10, productivity fell sharply and average annual inflation rose from 4.8 percent in FY05 to 14.2 percent in FY10. Economists believe
Aussie setback as Clarke falls in last over
ADELAIDE: Australia suffered a massive blow with the loss of key batsman Michael Clarke in the final over Monday to leave them facing an uphill battle to salvage the second Test against England at the Adelaide Oval.
Clarke looked on track to go to stumps leading a fighting vanguard only to fall to a catch close to the wicket off part-time spinner Kevin Pietersen with four balls left of the fourth day.
Clarke had appeared to have recaptured his best form after cheap
Clarke looked on track to go to stumps leading a fighting vanguard only to fall to a catch close to the wicket off part-time spinner Kevin Pietersen with four balls left of the fourth day.
Clarke had appeared to have recaptured his best form after cheap
Current account surplus falls to $35m
KARACHI: The current account (C/A) surplus of the country was squeezed to $35 million in the month of October 2010, in large part due to an unexpected surge in oil imports.
In September of this year, the current account surplus stood at $424 million, but the surplus fell to $35 million in October, indicating that the slide in the surplus would likely lead to a deficit in 2010-11. The monthly decline in the current account is the outcome of the growing trade deficit, which rose by
In September of this year, the current account surplus stood at $424 million, but the surplus fell to $35 million in October, indicating that the slide in the surplus would likely lead to a deficit in 2010-11. The monthly decline in the current account is the outcome of the growing trade deficit, which rose by
Investors pocket profits as KSE falls 64 points
KARACHI: Unable to capitalise on momentum built yesterday, the KSE-100 Index lost 64 points in Wednesday's trading session at the Karachi Stock Exchange (KSE) as many investors opted to pocket their profits on the bourse.
Though anticipated, a correction this soon after positive results, hints at the shaky foundations of investor confidence. Rumours of a spat between the SECP and members of the KSE also have equity investors worried. Despite the downturn in the index, the overall
Though anticipated, a correction this soon after positive results, hints at the shaky foundations of investor confidence. Rumours of a spat between the SECP and members of the KSE also have equity investors worried. Despite the downturn in the index, the overall
PPP falls apart – PPP Benazir vows to avenge BB’s assassination
A dissident group within Pakistan People's Party made their first public appearance under Arbab Hizar Hayyat Khan from Kyber Pukhtukhwa, announcing the formation of PPP Shaheed Benazir group and said they their party would take revenge of the assassination of Benazir Bhutto.
He said that PPP was established by Zulfiqar Ali Bhutto for the poor masses and after Benazir Bhutto's assassination, Zardari had tarnished the image of the party by ignoring the problems of the people. The
He said that PPP was established by Zulfiqar Ali Bhutto for the poor masses and after Benazir Bhutto's assassination, Zardari had tarnished the image of the party by ignoring the problems of the people. The
