ISLAMABAD: Foundation laying stone of Diamir Bhasha dam will be held on Tuesday (today). President Asif Ali Zardari will be the chief guest of groundbreaking ceremony.
CHILAS: Prime Minister Syed Yusuf Raza Gilani Tuesday laid foundation stone of the US 12 billion dollar Diamir Bhasha dam that would generate 4500 MW electricity and store over 8 Million Acre Feet of water to meet country's growing power and irrigation needs.
SINGAPORE: Asian stocks edged higher and a rally in the euro stalled on Wednesday, as investors looked for more signs that European leaders were tackling a debt crisis that threatens the financial system before committing bolder market bets.
NEW YORK/LONDON: Gold fell around 1 percent on Friday, as bullion investors raised cash to cover margin calls amid losses in the equity markets after Fitch downgraded the credit ratings of Spain and Italy.
SINGAPORE: Asian shares rose on Tuesday after China moved to support its stock market by buying shares of major banks, and the euro held the previous session's big gains on hopes that European leaders are finally taking action to protect the continent's lenders.
SINGAPORE: Asian shares and the euro fell on Monday as investors reacted cautiously to reports that European leaders were working on new ways to stop the fallout from the euro zone sovereign debt crisis wreaking more damage on the world economy.
SINGAPORE: European stock index futures rose sharply on Tuesday, after Asian shares rebounded from multi-month lows and as the euro clung to gains on hopes that euro zone officials will act to corral Greece's debt woes and prevent a financial meltdown.
KARACHI: Bank Islami has announced the financial results for the half year ended on Jun 30, 2011 and showed an immense recovery as compared to last year, according to the notice sent to Karachi Stock Exchange (KSE) on Tuesday.
SINGAPORE: Gold rose further on Monday as falling equities and lingering worries about a debt crisis in Europe drew investors to the metal, but a firm U.S. dollar could cap gains.
TOKYO: Asian shares rose on Thursday, as optimism over Europe's efforts to aid the euro zone's financial sector and U.S. data suggesting the economy could avoid recession spurred short-covering and value-hunting.
KARACHI: KASB Islamic Income Opportunity Fund (KIIOF) (formerly KASB Islamic Income Fund) has reported net loss of Rs 18.413 million year on year (YoY) as compared to Rs 5.021 million net profits in the previous year.
Poverty is one of the fundamental problems in developing countries. Poverty rate is quite high in all Muslim countries. The main causes of poverty are low household income, low means of production, high difference in income distribution, lack of skills, and inadequate access to employment opportunities.
SINGAPORE/HONG KONG: Asian stocks jumped on Friday and the euro steadied, after rising sharply the previous day, as investors hoped for a big policy move from European finance ministers to combat the debt crisis.
SINGAPORE/HONG KONG: Asian stocks jumped on Friday and the euro steadied, after rising sharply the previous day, as investors hoped for a big policy move from European finance ministers to combat the debt crisis.
SINGAPORE: Oil was headed for a weekly gain on Friday after central banks launched coordinated action to boost European bank funding, easing concern about falling oil demand from industrialised consumers.
SINGAPORE/SYDNEY: The euro got off to a rocky start on Monday, with its weakness gathering pace after a series of political setbacks in Europe over the weekend prompted a flight to safety.
HONG KONG: Asian stocks fell and the euro dropped 1 percent on Monday as investors fretted about European policymakers' fumbling attempts to solve their crippling sovereign debt crisis.
SINGAPORE/HONG KONG: Asian stocks edged up and the euro clawed back lost ground as investors waited for the end later on Wednesday of a Federal Reserve policy meeting expected to announce further steps to stimulate the flagging U.S. economic recovery.
SINGAPORE: Gold prices hovered around $1,800 an ounce on Wednesday, as worries about a worsening euro zone debt crisis supported the safe-haven sentiment, while investors awaited the conclusion of a U.S. Federal Reserve policy meeting for trading cues.