Tag: High

Low volume strength on the opening day of the month did invite across the board off-loading, initiated mainly by local financial groups. Meanwhile, decent...

Volumetric contribution by LOTPTA and renewed buying in OGDC pulled the local bourse from sinking levels on Tuesday and kept the sentiment upbeat, while...

KARACHI - The city administrator wants the district officer (zoo and aquarium) to recommend ways to develop the Karachi Zoo into a "model zoo and a modern recreational point" Karachi Administrator Fazlur Rehman, during a visit to the Karachi Zoo on Wednesday along with Coordinator Rasheed Jamal and Media Management Director Bashir Saddozai, said that adequate amount will be allocated in the next budget for the development of the Karachi Zoo, while directing the district zoo officer to

KUWAIT CITY - Secretary general of OPEC Abdullah El-Badri said on Monday that oil producers are "concerned" at high crude prices and added that markets are adequately supplied.
"The (high) oil price is a concern. We see that there is a $15-20 premium risk at this time," Badri told reporters when asked if OPEC was concerned about soaring crude prices.
He was speaking ahead of a roundtable meeting for Asian energy ministers who are expected to discuss the impact of oil prices

KARACHI - The appointment of over two dozen officers in the Sindh government on high-ranking posts due to their political affiliation was declared illegal by the Sindh High Court on Thursday.
At least four secretaries of different departments, three additional secretaries, three district coordination officers (DCOs), Lyari Development Authority managing director and directors are among the list.
A division bench comprising Justices Shahid Anwer Bajwa and Tufail H Ibrahim

ISLAMABAD - Pakistan's premier annual telecom and IT event, the fourth Pakistan Telecommunication Conference 2011 (TeleCON) concluded here on Tuesday. The participants of the conference recommended that it was time for Pakistan to deploy economically sustainable technologies to enhance communication and trigger robust economic growth.
It was jointly organised by Pakistan Telecommunication Authority (PTA) and the Pakistan Software Houses Association (PASHA). PTA Chairman Muhammad

KARACHI - The Pakistani rupee gained on Tuesday to end near an eleven-month high, amid a lack of import payments and continuous healthy dollar inflows, dealers said.
The rupee closed at 84.43/53 to the dollar, compared with Monday's close of 84.72/78, its highest close since May last year.
"There were no oil payments, therefore there was less demand for the dollar," said a dealer at a foreign bank, adding that oil payments may start from next week.
Officials and

KARACHI - The price of gold has surged to a record high of Rs 46,350 per tola (11.665 grams) due to a price hike in the international market. As the trend in gold prices was sustained in both local and international markets, gold traded at the record high of Rs 46,350 per tola in Pakistan.
According to sources the bullion rates have climbed to the highest level, surpassing the previous record of Rs 46,000 a tola, while the international spot gold rates rose to $1,444 an ounce

KARACHI - Despite the PM's visit to India, the expected benefits of cricket diplomacy for the textile sector have not yet materialised. India has refused to support Pakistan's claim to an EU-sponsored package for additional trade quotas for 75 textile products in the WTO (World Trade Organisation).
The ongoing cotton rally witnessed in the past year exceeded expectations globally, reaching a high of $2.44 per pound (Cotlook-A) and Rs 13,932 per maund (KCA), although the

GENEVA The government in Pakistan has pushed food prices too high for an impoverished population, as malnutrition levels rise despite the recovery of crops after devastating floods, a UN food relief official said on Wednesday.
Wolfgang Herbinger, director for the World Food Programme (WFP) in Pakistan, said food crops especially wheat in the southern flood-hit plains were recovering fast with the prospect of decent crops over the coming weeks. "The crop outlook is not bad but the

GENEVA - Pakistan's government has pushed food prices too high for its impoverished population and malnutrition is rising despite crop recovery after dire floods, a UN relief official said.
Food crops especially wheat in the southern plains hit by last year's floods were recovering fast with the prospect of decent yields in coming weeks, said World Food Programme (WFP) director in Pakistan, Wolfgang Herbinger.
"The crop outlook is not bad but the food security situation

ISLAMABAD - In the wake of Thursday's US drone attack in North Waziristan Agency on Thursday that killed 44 people, Pakistan has reportedly put its air force on alert and its fighter planes are conducting strict vigilance of the country's airspace. The Pakistan Air Force (PAF) has intensified air patrols over the country's Tribal Areas after a US drone killed over 40 civilians, according to a BBC report. The report, quoting sources, said the purpose of putting PAF on alert was to

ISLAMABAD Supreme Court Chief Justice Iftikhar Muhammad Chaudhry on Saturday urged the judges to set high standards of conduct and integrity, calling on them to earn greater public confidence through improved performance and fair and impartial dispensation of justice. Addressing judges of the Balochistan High Court, Quetta district and special courts, the CJP asked them to set high example of honesty and decide cases expeditiously.
The meeting had been convened at the

QUETTA - Members of the Balochistan Assembly have expressed serious concern over the non-availability of fuel for trains and high fares of PIA flights for Balochistan, while condemning US drone attacks on a gathering of tribal elders in North Waziristan Agency.
The assembly session started with Speaker Muhammad Aslam Bhootani in the chair on Friday evening and the House offered fateha for the people killed in Thursday's drone attack in Datta Khel, soon after recitation from the

LAHORE - Plastic, print and packaging industries are among the leading sectors in the economy of Pakistan, possessing a high growth potential. The government should promote these sectors as they can generate jobs and business opportunities. These views were expressed by participants of the seventh international plastic, printing and packaging industry exhibition held at the Expo Centre. The three day exhibition, which started on March 12 and concluded on Monday, brought over 200

OSLO - Leaps in food prices linked to drought in Brazil or floods in Australia may be a foretaste of ever greater shocks to be caused by climate change, according to a commission named on Friday to find ways to fix the problems. The international group of 13 experts will try to come up with ideas in the next 10 months to help agriculture cope with global warming, blamed by the U.N. panel of climate experts mainly on mankind's emissions of greenhouse gases.
John Beddington,

LAHORE - Consumers are still purchasing sugar at inflated prices despite an overall reduction. Millers and farmers accuse each other for higher prices, Pakistan Today has found on Tuesday. The millers stated that they are buying sugarcane at very high price and as a result the prices of sugar are high while the farmers claim they are being paid a very low price for their produce and stress there is no justifiable reason that sugar prices are still so high. Sugar is being sold for Rs