Tag: Rises

KARACHI - Steady gains in the output at TAL block, in which Pakistan Oilfields (POL) has a stake of 21 percent, is likely to further boost production during second half of the Financial Year 2011 as Mamikhel has already been connected with Manzalai.
Production at Maramzai started in early January this year but the facility has been shut down for an indefinite period due to security concerns. POL is scheduled to announce its financial results for the second quarter of FY11 on

MANILA - The death toll from more than two weeks of heavy rains in the central and southern Philippines has risen to 51, disaster officials said on Sunday, as authorities stepped up their search for another 16 people missing at sea. Agriculture and infrastructure damage now exceeds 1.6 billion pesos ($36 million) after floodwaters inundated rural communities in about a third of the country's 80 provinces, said Benito Ramos, head of the government's disaster agency.
Major rice

KARACHI - Profit taking was witnessed today at inflated levels despite inflation being revised downward to 15.68 percent on account of a reversal of the government's decision to raise fuel prices, the KSE-100 index managed to close at 12,281 level, up 14 points with 143 million shares traded today.
Activity at local bourse remained range bound as market traverse to 12,346 in the early trading hours only to hit the intraday valley of 12,231 level. After recovery benchmark index

MELBOURNE - Roger Federer's emphatic Qatar Open win has propelled him to joint favourite for the Australian Open alongside the ailing Rafael Nadal, an online bookmaker said Monday. The reigning Open champion's odds have firmed to 2/1, according to sportsbet.com.au, while top-ranked Nadal's lengthened slightly after he complained of illness. Since the weekend, Federer's odds had shortened from 9/4 to 2/1 while Nadal's odds stretched from 9/5 to 2/1, said spokesman Haydn Lane. On

KARACHI: Death toll rose to 11, including eight crew members, as a Russian-made cargo plane crashed in the Naval area near Dalmian in Karachi soon after taking off from airport in the wee hours of Sunday, officials said.
Senior officials of the Civil Aviation Authorities (CAA), Pakistan Navy and other law enforcement agencies visited the scene while investigation into the incident would take a few days, Pakistan Today learnt.
Sindh Health Minister Sagheer Ahmed has sent the

KARACHI: Eight more people were killed and another nine injured in various parts of Karachi on Monday, with the death toll in the latest spate of violence rising to 44.
Meanwhile, Sindh Home Minister Dr Zulfiqar Mirza 're-imposed' the ban on pillion riding in Karachi on Monday, two days after he had announced its lifting to "respect the wishes of the residents of Karachi".
The ban was imposed on November 2, 2008 by the Sindh Home Department to control rising crime in the

ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on October 14, inflation index for the lowest income group rose by up to Rs 3,000 and has registered a increase of 0.88 percent over the previous week.
The SPI for the week under review in the above mentioned group was recorded at 288.52 points compared to 286.01 points registered in the previous week, according to provisional figures of Federal Bureau of Statistics (FBS).
The weekly SPI is calculated with

LONDON: Gold prices rose again, touching $1,350 an ounce in Europe, and silver touched a new 30-year high on Monday. It came amid rumors that the United States will shortly introduce further monetary easing.
Spot gold was bid at $1,348.70 an ounce at 1122 GMT, against $1,343.25 late in New York on Friday. US gold futures for December delivery rose $4.50 an ounce to $1,349.80. Spot gold is still within sight of last week's record $1,364.60.
The dollar slipped on Monday