The Supply of Caustic Soda and its bye-products has been suspended throughout the country due to which thousands of industrial units are on the verge of being shutdown.
The Supply of Caustic Soda and its by-products has been suspended throughout the country due to which thousands of industrial units are on the [...]
Business
Caustic Soda Supply Ceased
Thursday, July 16th, 2009Oil Prices Rise in Asian Trade
Thursday, July 16th, 2009Singapore: Oil prices were up in Asian trade Thursday after a massive rally in US stocks stoked hopes of an early rebound for the global economy, analysts said.
New York’s main futures contract, light sweet crude for delivery in August, rose 15 cents to 61.69 dollars a barrel.
Brent North Sea crude for August [...]
Electricity Prices to be Raised for 2009: Pak, World Bank
Thursday, July 16th, 2009Pakistan and World Bank have agreed upon an electricity price hike for the fiscal year two thousand and nine.
As part of the plan, electricity prices are to be raised by 5-7% in the first phase and by 7-10% in the second phase.
The World Bank and Asian Development Bank have allowed a 55 billion rupee [...]
Madoff’s 150-Year Sentence Begins Today
Wednesday, July 15th, 2009Financier Bernard Madoff has been transferred to federal prison on Wednesday, for running the biggest fraud in Wall Street history.
Madoff had been sentenced 150 years in prison in June this year.
Madoff arrived at a federal prison in North Carolina on Tuesday to begin the sentence.
A prison official said he would be treated like any other [...]
Pakistan’s Net Foreign Investment Falls by More Than Half
Wednesday, July 15th, 2009KARACHI: Net foreign investment in Pakistan fell by more than half in the 2008/09 fiscal year that ended on June 30.
Investors stayed away from the country amid rising security concerns and a weak global economy meant net foreign investment fell 51 percent from a year earlier to $2.67 billion, the central bank said.
Foreign portfolio investment [...]
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