Beijing: China’s manufacturing activity grew in October for the first time in three months, data showed Thursday, adding to hopes the economy is finally emerging from its recent slumber.
New York: US financial markets reopened Wednesday after a historic two-day closure forced by superstorm Sandy, with the interruption having little impact on share prices themselves: the markets ended mostly unchanged from Friday’s close.
Karachi: Gas curtailment caused by the flagrant violation of the contractual obligations by SNGPL has severely impacted the operations of the fertilizer business. Consequently, the business made a net loss of Rs. 2,978 million during the nine months under review vs. a net profit of Rs. 3,510 million during the same period last year.
Karachi: Following its approach for the provision of leading-edge technology solution, InfoTech has now emerged as the IBM’s first certified Netezza partner in Pakistan.
Karachi: The profit after tax of Bank AL Habib has increased to Rs. 3.876 billion in the nine month period ended September 30, 2012 as compared to Rs. 2.963 billion earned in the corresponding period in 2011.
Karachi: The trade and industry has expressed its sheer concern over the ever-increasing incidents of fire in Karachi particularly in the industrial areas.
London: British bank Barclays, which was rocked by a rate-rigging scandal earlier this year, said Wednesday it fell into a net loss in the third quarter after making a large provision for insurance mis-selling.
Frankfurt: German airline Lufthansa on Wednesday reported a sharp rise in earnings in the third quarter, but stayed cautious for the full year and promised to intensify cost-cutting measures.
Karachi: Liquified Petroleum Gas (LPG) price are up by Rs. 3 per kilogram putting a burden of Rs. 35 on domestic cylinder. “LPG prices have been increased 2755 per ton making its price both for commercial and domestic prices,” LPG distributors association chairman Irfan Khokhar said. “The prices in international market have been raised and…
Karachi: CNG stations have been closed for 24 hours on Wednesday from 9 am irking citizens of Sindh, the southern province of Pakistan.