Rupee strengthens, o/n rates fall

KARACHI: In the currency market, on Tuesday, the rupee firmed to 86.78/85 to the dollar, compared with Friday's close of 86.82/87, amid lack of import payments.

Islamabad stocks shade green

ISLAMABAD: The Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index closed at 2,477.36 with gain of 8.23 points as compared to previous day's trading.

KSE calls it a green week

KARACHI: Karachi Stock Exchange (KSE) saw a bullish week with its benchmark 100-Index crossing 11,300 points mark.

Pak to cut duty on Indonesia palm oil

JAKARTA: Pakistan has agreed to lower its duty by 15 percent on Indonesian crude palm oil and its by-products by January 2012, officials said.

Obama to raise taxes on US millionaires

WASHINGTON: President Barack Obama on Monday will call for a higher minimum tax rate on millionaires to ensure they pay the same rate on their earnings as middle-income taxpayers, a White House official said.

KSE hangs tough ahead of holidays

KARACHI: The Karachi Stock Exchange’s benchmark 100-share index on Monday closed 0.02 percent, or 2.12 points, higher at 10,903.88.

ADB ready to finance replacement of obsolete power distribution system

ISLAMABAD: Asian Development Bank (ADB) is considering various options in a positive direction to finance multi-billion dollars Diamer Bhasha Dam project.

KSE remained shaky over the week

KARACHI: Karachi Stock Exchange (KSE) remained up and down all through this week and the index during this period was seen below 10,800 points.

Dollar rangebound against yen, Bernanke eyed

TOKYO: The dollar was rangebound against the yen in Asia on Friday as the market awaited a speech by the US Federal Reserve chief amid diminishing expectations for a new round of credit easing.

The greenback fetched 77.30 yen in Tokyo morning trade, against 77.45 yen in New York late Thursday.

Oil down in Asian trade

SINGAPORE: Crude prices were lower in Asian trade Thursday as investors awaited more data indicating the health of the US economy, the world's biggest oil consuming nation.

Rupee hits rock-bottom

KARACHI: The rupee on Thursday fell to a record low because of negative sentiment surrounding the country's economic outlook, and strong dollar demand for oil import payments amid soft inflows.

Dealers said they expect the local unit to stay under pressure for now, as dollar payments are typically higher in July and August because of stronger oil demand and debt payments
The rupee closed at 86.80/85 to the dollar -- its weakest ever closing -- down from 86.64/70 on Wednesday.

UN-EMPLOYEMENT:A DEPLORABIENESS SITUATION

An economy seems to go better if the rate of employement is in stable stage or in other words,employement is an important factor of an economy.Through employement people have chances to utilize their abilities and qualifications to give boost to their country's economy.Un-employement is the backbone of other severe problems such as Illiteracy,poverty,corruption,life and financial threats etc.

INVESTMENT:A BETTER SOLUTION

In today's world it has become more easy to co-operate with neighbouring countries,suffering from economic crises.In this modern age free flow of investment has made a better solution of this severe problem.As the world is rapidly changing in a "Global village" the trends,traditions,customs,issues and economy is turning into a society where countries and nations are suffering the same problems of economic crises.

The Straits Times Interactive: Webspecial

The New Economy is different from the Old Economy in three ways.
First, knowledge has become the key source of wealth, rather than natural resources and manual labour.