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Full Story And Original Content.Thnewspk.comKARACHI: Fresh buying at the local equity market Monday pushed the benchmark KSE-100 Index by 237 points to close at 9304. The market opened with red numbers but latter buying by the financial institutions at lower level brought the Index up in the positive zone. The report of possible slashing of

Full Story And Original Content.Thnewspk.comISLAMABAD: People in most of the areas of country are still facing sugar shortage. Even after the announcement made by the government the sugarcane crushing has yet not been started. The commodity is not available even at the utility stores and sale points

Full Story And Original Content.Thnewspk.comISLAMABAD: The Competition Commission of Pakistan (CCP) has strongly opposed the Competition (Amendment) Bill, 2009 floated by a private member before the National Assembly to amend the Competition Ordinance 2007 for the imposition of prison sentences on executives of undertakings disobeying the Commission orders. Competition (Amendment) Bill, 2009 has been presented

China’s Stimulus Postpones And Its Problems:BEIJING (Reuters) – Exactly a year since it unveiled a 4 trillion yuan ($586 billion) stimulus package and switched to an easy monetary policy, China is basking in the success of its aggressive response to the global financial crisis. The government’s 8 percent growth target for the year — derided

SINGAPORE: Oil prices were flat in Asian trade Friday with investors spooked by an unexpected rise in US crude inventories, analysts said. New York’’s main contract, light sweet crude for delivery in December, fell three cents to 76.91 dollars per barrel

KARACHI: The gold touches its highest in the local market at Rs30,000 per ten gram of gold after it soared to record peak price in international market. Talking to Geo News, All Sindh Sarraf Jewelers Association President Haroon Rasheed Chand said the gold hit the record high and its repercussions are being felt in the local market. The price of ten gram gold reached Rs30,000 with an addition of Rs210; while, the tola of gold also arrived at the record Rs35,000 with an addition of Rs245

LAHORE: All Pakistan CNG Association closed over 700 CNG stations based in Lahore, Gujranwala, Sargodha, Okara and Sahiwal, saying if the government does not cave in to their demand, they would have to go to the court. Talking to Geo News, the President of All Pakistan CNG Association Ghayas Pracha said the CNG consumers along with the owners of the pumping stations will have to face severe hardships owing to the closure of the CNG stations, adding the inflation-plagued consumers would further be tamped down under additional financial juggernaut. Meantime, CNG Dealers Association Senior Vice Chairman Mehar Arshad Mehmood announced disassociation with the strike and said Federal Petroleum Minister called them on Friday evening for the negotiations.

Oil Prices Mixed In Asian Trade: Crude prices were mixed in Asia on Wednesday as oil operations resumed in the Gulf of Mexico and following forecasts of a rise in world oil consumption next year, analysts said. New York’’s main contract, light sweet crude for December delivery, gained nine cents to 79.14 dollars a barrel.

KARACHI: Cotton spot rates of Karachi Cotton Association (KCA) jumped by Rs 150 to Rs 3,875 per maund on rising buying activity from mills and exporters, brokers said. Chairman, Cotton Broker Forum Naseem Usman said here that cotton had touched the peak at Rs 4000 per maund on Thursday on hectic buying from exporters, but declined on the rumours of a possible ban on cotton export.

“United Commercial Bank”: Toppled by loan losses and misstated financial reports, San Francisco’s United Commercial Bank was shut down by regulators Friday night and immediately sold to Pasadena’s East West Bancorp, creating by far the largest U.S.