Stunning Lyon, Starc catches floor England
Two freakish Australian catches rocked England´s diminishing hopes of saving the second Ashes Test on a fast-moving third day...
‘Kwaussie’ named Australian word of the year
Inspired by a dual citizenship crisis plaguing politics in Australia, the term “Kwaussie” — a mix of Kiwi and...
Pakistan has potential for strong economic growth: study
Pakistan has the potential for achieving strong economic growth till 2030, says a study, provided it successfully overcomes five major...
Pakistan, US universities partnership conference in Texas
Approximately 60 representatives from the U.S. Department of State, faculty members and administrators from U.S. universities and administrators and faculty members from universities in Pakistan attending an ongoing University Partnerships Conference at UNT’s Gateway Center in Denton, Texas. After inaugural event the UNT-NUML partnership director Masood Ashraf Raja said... Read more
Massive Quake measuring 7.3 strikes in Indonesia,  tsunami warnings issued
A strong earthquake with a magnitude of 7.3 was recorded off the Moluccas in Indonesia on Saturday, the U.S. Geological Survey said, and a tsunami warning was issued for the area near the quake. The Pacific Tsunami Warning Center in Hawaii said hazardous tsunamis were possible within 300 km... Read more
US building $425m supercomputers worth $425 for research
The US Department of Energy said it is spending $425 million to research extreme-scale computing and build two super-computers, which would be the world’s fastest, for research into basic science as well as nuclear weapons. The DOE is awarding $325m to build “Summit” for Oak Ridge National Laboratory in... Read more
Google Glass future uncertain
Many developers and early Glass users are losing interest in the much-hyped, $1,500 test version of the product: a camera, processor and stamp-sized computer screen mounted to the edge of eyeglass frames. Google Inc itself has pushed back the Glass roll-out to the mass market. While Glass may find... Read more
Gold prices fall

Gold prices fall

Business November 15, 2014 0

Gold fell more than 1 per cent yesterday, breaking below chart support at $1,150 an ounce, as the dollar hit a four-year high against a currency basket after upbeat US retail sales data. Spot gold hit a session low of $1,146.64 after the report and was down 1pc at... Read more
Cotton prices continue to decline
Falling world cotton prices are taking a toll on the domestic market where prices failed to pick up  yesterday despite a procurement drive by the state-owned Trading Corporation of Pakistan (TCP). Floor brokers said that almost all the leading world cotton markets including the US, India and China are... Read more
Qatar decreases offer price for LNG to $14 per MMBTU
With the declining international market, Qatar has also scaled down its price offer to $14 per Million British Thermal Units (MMBTU) for sale of liquefied natural gas (LNG) to Pakistan from its earlier bid for $18 — a reduction of about 22 per cent. The LNG prices have plummeted... Read more
$200m invested for boosting petrol output
Refineries have invested $180-200 million to ensure availability of 600,000 tonnes of additional petrol from next year. The Pakistan Refinery Limited (PRL) will double its petrol production from 12,000 tonnes per month to 24,000 tonnes per month. According to the Attock Refinery Limited (ARL), the company is installing Isomerisation... Read more
Stock index drops ahead of monetary policy
KARACHI: Stocks turned weak yesterday as trading activity dragged along with investors awaiting the State Bank of Pakistan (SBP) Monetary Policy to be announced on Nov 15 (Saturday). The zigzag pattern of the KSE-100 index on the daily trading chart showed that the investors were unsure of the outcome.... Read more
Award of Solar Park contract to Chinese firm challenged
A PPP member of the Punjab Assembly filed in the Supreme Court earlier yesterday a petition challenging a contract awarded to a Chinese firm for developing a solar park to produce 900MW of electricity. MPA Khurram Jehangir Wattoo has requested the court to order cancellation of a letter of... Read more
KASB Bank placed under six-month moratorium
The State Bank yesterday put a six-month moratorium on KASB Bank, allowing only small depositors to withdraw their money. The bank has been in trouble for more than a year as it failed to meet SBP’s criterion for capital adequacy ratio (ADR). However, the banking circle bel­ie­ves that the... Read more
Twin Baghdad car bombs kill at least 17: officials
Car bomb blasts in two northern Baghdad neighbourhoods killed at least 17 people and wounded at least 57 yesterday, medical and security sources said. One explosion went off near the Tigris River in the Graiat area, killing at least seven people. The other struck near a restaurant in the... Read more
Citizens protest as youth killed by Karachi police
Karachi police killed a youth named Kashif in an alleged shootout forcing the family, supporters to protest on Friday night. As people and family protested and chanted slogans outside Frere Town police station of Clifton area, police sources maintained that Kashif opened fire on police and was killed in... Read more
PTI to show muscle in Sahiwal today
Pakistan Tehreek-e-Insaf (PTI) is all prepared to show political power in Sahiwal at Zafar Ali Stadium today. The preparations for today’s rally have been completed at the stadium, where a 24-foot long and 20-foot wide stage has been raised for Imran Khan and other party leaders. At least 20,000... Read more