Tag: Rises

BANGKOK - A total of 47 people were confirmed killed by the flash floods and mudslides in southern Thailand, authority said on Tuesday.
The department of Disaster Pravention and Mitigation said Nakorn Si Thammarat is the most deadly province where 20 people died in floods caused by heavy rains that have pummeled the coastline of the Gulf of Thailand since March 23.
Provinces hit by major flooding are Nakhon Si Thammarat, Phatthalung, Surat Thani, Trang, Chumphon, Songkhla,

TOKYO - The National Police Agency said on Saturday that the catastrophic earthquake and ensuing tsunami have left 11,800 people dead and 15,540 others unaccounted for in Japan by 10:00 a.m. local time (0100 GMT).
The search for the missing by Japan and U.S. forces will end on Sunday and the country will shift its focus to a daunting reconstruction effort.
A 9.0-magnitude earthquake hit the Pacific coastal areas of northeastern and eastern Japan on March 11, triggering

ISLAMABAD - The government announced enhancing the maximum limit of depreciation on the import of old, used and second-hand cars, from the existing level of 50 percent to 60 percent.
A statement issued by the Federal Board of Revenue (FBR) said that the decision was taken in line with the decision of the Economic Coordination Committee (ECC) of the cabinet on March 1, 2011. The ECC while considering the summary regarding rationalising prices of locally manufactured cars decided

TOKYO - The National Police Agency said on Saturday that the catastrophic earthquake and ensuing tsunami have left 10,151 people dead and 17,053 others unaccounted for in Japan by 10:00 a.m. local time (0100 GMT).
A 9.0-magnitude earthquake hit the Pacific coastal areas of northeastern and eastern Japan on March 11, triggering enormous tsunami.
Heavy casualties and extensive damage have been caused by the twin disasters.

LONDON - Oil prices rose by over $2 a barrel on Monday as a wave of U.N.-mandated airstrikes on Libya and proliferating unrest in the Middle East fanned concerns about oil supply from the region. Brent crude for May was up $1.80 to $115.73 a barrel by 1234 GMT after earlier trading over $116, while U.S. crude for April gained $1.81 at $102.88 a barrel.
"With the nature of the external military involvement becoming clearer, there is a further escalation of the situation, and the

NEW YORK - US stocks gained after a week of heightened volatility on Friday, but investors were reluctant to make big bets due to turmoil in the Middle East and Japan's nuclear crisis. The S&P and Dow ended lower for the second straight week as volatility spiked.
The two-day rally that ended the week wasn't enough to offset losses early in the week that briefly erased the indexes' 2011 gains. About 9.61 billion shares traded in composite action on Friday, more than average but

LONDON - Oil rose above $116 a barrel on Friday after the United Nations authorised Western-led attacks in OPEC member Libya and tension stayed high across the oil-producing Middle East. Efforts to subdue inflation in China, the world's second biggest oil user after the United States, only briefly wiped out gains. Brent was up $1.19 at $116.09 a barrel by 1202 GMT, after earlier climbing above $117. U.S. crude for April gained $1.67 to $103.09.
Oil markets reached their highest

LAHORE - The mercury is rising in the city as 31 degrees Celsius temperature was observed in the provincial metropolis on Friday. The Meteorological (Met) department predicted dry weather in most parts of the country today. However, the Met office said, scattered rain, dust or thunderstorms might occur in upper Punjab, upper Kyber Pakhtonkhwa, Gilgit-Baltistan and Kashmir.

LAHORE - Contrary to the Pakistan Electric Power Company (PEPCO)'s claims regarding a reduction in load shedding, the city witnessed even greater power closures on Thursday. A couple of days ago, PEPCO officials assured the electricity consumers of a 'better summer' but the situation is entirely different. The power shortfall in the recent days has increased sharply owing to an increase in electricity demand while electricity production remained stagnant.PEPCO Director General

LAHORE - The maximum temperature was 28

LAHORE - The power shortfall in the country crossed 1,800MW on Monday resulting in long hours of load shedding. Power outages crossed the four to eight hours mark while in many areas, electricity was closed for continuous intervals.
Pakistan Electric Power Company (PEPCO) officials said that the shortfall increased because of an increase in power demand but in fact there was less demand because of pleasant weather. They said that power generation remained 10,121MW while demand

JALALABAD/KABUL - The death toll from Saturday's suicide attack in east Afghanistan has risen to at least 40, making it the deadliest nationwide for more than eight months, and the worst insurgent assault in that region. Seven gunmen and suicide bombers, dressed as border policemen, attacked an office of private Kabulbank in Jalalabad city, starting a gun battle which lasted several hours.
The last toll given on Saturday put the number of dead at 18. But on Sunday, Nangarhar

NEW DELHI - The 10th cricket World Cup opened in a blaze of colour on Thursday, launching a gruelling 49-match, six-week sporting marathon that promises to be the most open for years. The captains of the 14 competing teams paraded through Dhaka's historic Bangabandhu Stadium in colourfully draped rickshaws as Bangladesh prime minister Sheikh Hasina looked on.
Ricky Ponting, skipper of defending champions Australia, led the sparkling three-wheeled procession at the start of the

KARACHI - Net foreign investment in Pakistan rose 44.3 percent to $1.18 billion in the first seven months of the fiscal year 2010/11, because of an increase in foreign portfolio investment, the central bank said on Thursday. This compared with net foreign investment worth $818.9 million in the same period last year.
Out of the total foreign investment, foreign direct investment fell 16 percent in the July and January period to $947 million, from $1.13 billion in the same period

ISLAMABAD - The Sensitive Price Indicator (SPI), for the week ended on February 10, for the lowest income group up to Rs3,000 registered an increase of 0.03 per cent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 296.33 points as against 296.25 points registered in the previous week, according provisional figures of the Federal Bureau of Statistics (FBS).
The weekly SPI has been computed with base set at 2000=100 covering

Pakistan's weight in Morgan Stanley Capital International (MSCI) Frontier index has increased to four percent from 3.76 percent earlier, but the likelihood that Pakistan is put up for a review for upgrade to Emerging Market in the next crucial announcement of the Annual Classification Review remains remote.
According to Imtiaz Gadar at KASB Securities Limited, MSCI has decided to exclude Trinidad and Tobago (0.8 percent weight) from the MSCI Frontier Index and the decision will

COLOMBO - Sri Lanka's latest monsoon rains have claimed at least 17 lives and left around 1.2 million people flooded out of their homes, officials said on Monday. The Disaster Management Centre in Colombo said 311,000 people had sought refuge in state-run relief shelters by Monday morning, while approximately 900,000 were living with friends and relatives.
Monsoon rains only last month in the same areas of the north, east and centre of Sri Lanka killed at least 43 people and