Tag: Rise

LAHORE - The Lahore Stock Exchange (LSE) remained bullish on Thursday with an improvement in volume. The LSE 25-shares added 43.74 points to close at 3,730.62 against its opening at 3,686.88.
The volume of the market was 5.74 million shares, which was 1.34 million shares more than Wednesday's turnover of 4.39 million shares. Out of 126 active scrips, 52 went up, 14 declined and 60 showed no change in their opening values.
Lotte Pakistan PTA was the volume leader with 1.01

ISLAMABAD - The Sensitive Price Indicator (SPI), for the lowest income group up to Rs.3,000, has increased by 0.48 percent for the week ended on December 23 in comparison to the previous week. The SPI was recorded at 299.27 points as against 297.83 points in the previous week, according to figures of Federal Bureau of Statistics (FBS).
The weekly SPI has been computed with base 2000-2001=100 covering 17 urban centers and 53 essential items for all income groups and combined. SPI

BEIJING - China was miserly in raising interest rates on Christmas Day, but in fact investors have good reasons to be grateful. The government provided much-needed reassurance that it was determined to rein in price pressures; a salutary reminder that more yuan appreciation than the market expects could be in the offing.
The key take-away from the rate increase, China's second in just over two months, is that Beijing is softly, softly pulling every tightening lever within its

ISLAMABAD: The government has raised the sum of insurance for an emigrant from Rs 0.3 million to Rs one million as the Bureau of Emigration and Overseas Employment (BEOE) and State Life Insurance Corporation of Pakistan (SLICP) signed a revised contract, to be effective from January 1, 2011. According to a letter sent to Pakistan Overseas Employment Promoters Association (POEPA) and other concerned departments, BEOE has informed that after detailed discussions with the stakeholders,

KARACHI: Pakistani exports grew by 19 percent during July to November this year as compared to the same period last year even after the devastating floods played havoc with the economy, statistics from the Federal Bureau have revealed.
Even though the increase in exports is encouraging, the government needs to keep an eye on the increasing imports, the sources added. Exports increased by 19 percent whereas imports showed an increase of 21 percent during the fiscal period of

KARACHI - The country's liquid foreign exchange reserves underwent a slender increase of $27.4 million and reached $16.417 billion during the week ending on December 11, the State Bank said on Saturday.
The week under review saw the foreign exchange reserves held by the country augment 0.16 percent. Foreign exchange reserves had dwindled $350 million and reached $16.39 billion in the week ending on December 4.
The funds-starved country's foreign exchange reserves had faced a

Karachi
Waqar Hamza
The Pakistan Telecommunication Authority's annual report 2009-10 has disclosed that cell sites in the country have augmented by seven percent. A total of 30,126 cell sites have erected in the country, out of which Mobilink has the maximum number followed by Telenor and Ufone.
However, Ufone and Zong have added the maximum number of cell sites in FY09-10, whereas nominal numbers were added by Mobilink and Warid. Details show that Mobilink, Ufone,

OKARA - Torture incidents seem to be ever increasing in the suburban Okara for the last few months. Seven people, namely Muhammad Mansha, Javed Iqbal, Imtiaz Ahmad, Mukhtiar and Nasir along with their 2 unknown accomplices, armed with sticks barged in the house of Ejaz Bibi, wife of Maqbool Hussain, resident of 24/GD, and tortured her and her daughter Robina Kausar.
In another incident, seven people; Muhammad Siddiq, Muhammad Hanif, Muhammad Tariq and Javed along with their

MIRPURKHAS: Panic and fear have spread in parts of lower Sindh, following the rise in under-ground water level due to recent devastating floods. The residents of these areas fear it could threaten the foundations of their buildings as the water starts oozing out at two feet of digging, while in some areas water just seeps out of the ground.
Owners of various big buildings and houses in Mirpurkhas, Umerkot, Sanghar and Tharparkar districts told Pakistan Today on Tuesday that their

LAHORE: Former prime minister and PML-N chief Nawaz Sharif has said that Pakistan would have been one of the "Asian Tigers" had his government not been toppled by Gen (r) Pervez Musharraf.
"My government was busy in building infrastructure and roads and launching other mega projects with the help of good governance," Nawaz said in an interview with a US-based TV channel, MHz Networks.
He said his government had been working through various channels to establish good

LAHORE: South Asia Partnership (SAP) marked 16 days against gender violence, paying tribute to the three American sisters who were physically tortured when they tried to raise their voice against autocracy.
The SAP event brought together change makers, both women and men, from all districts of Punjab. It was discussed that violence against women was present at, at least, three different levels; personal, community based, and regional/national.
Shamim Malik, a lawyer,

BEIJING: China is likely to raise interest rates in the coming days in a demonstration of the government's resolve to tame inflation, an official newspaper said on Tuesday.
In a banner headline across its front page, the China Securities Journal said this weekend offered a "sensitive window" for a rate rise, which would be the country's second following a surprise increase in October, the central bank's first rate hike since 2007.
An increase in rates would also put flesh

KARACHI: The Karachi Stock Exchange exhibited profit taking at inflated levels as investors preferred to book gains following FBR's announcement to impose a one time flood surcharge of ten percent on collection of Capital Gains Tax (CGT). However, the mechanism for the applicability of this has not been mentioned in the Finance Amendment bill.
The KSE100 index closed at 11154.83 after it lost 16.26 points, while the KSE 30 index closed at 10768.51 following a loss of 54.11points.

ROME: Global food import bills may cross the $1 trillion mark in 2010, says a new UN report, which warns that harder times could be ahead without a major increase in food production next year.
According to the latest edition of the Food Outlook report, released by the UN Food and Agriculture Organization (FAO), food import bills for the world's poorest countries are predicted to rise 11 per cent in 2010 and by 20 percent for low-income food-deficit countries.
"With the

LAHORE: The government has failed to control vegetable prices during Eid season, Pakistan Today has learnt.
Lahore Market Committee pricelists and a market survey show an increase in prices of tomato, onion, garlic, ginger, green chili and lemon. Vendors increased prices of much needed vegetables on Eid's eve by 25 percent, while lemon price increased by Rs 76 per kg. Imported Chinese lemon is being sold at Rs 80 to Rs 100 per kilogram in the retails markets or by the street

ISLAMABAD: Ill-planning by the Capital Development Authority (CDA) and an increased number of vehicles is leading to the congestion of road space in Islamabad and Rawalpindi, along with posing a threat to the environment, a report by Pakistan Today revealed.
"The authorities are not making the public transport system efficient and are busy making tall and empty claims," an official at the environment ministry asking not to be named told Pakistan Today.
He criticized the

LAHORE: The business community has reacted strongly to the sharp escalation in the prices of petroleum products of Rs 4.27 to Rs 5.97 per litre and has called upon the federal government to reconsider its decision, given the serious consequences it holds for both industry and trade.
Business leaders from the provincial capital have said that the huge increase in the prices of petrol and diesel would greatly augment inflation and have a knock-on effect on the cost of all economic